55 I, LLC is a large advisory firm based in Boston. It manages $155.63 million of regulatory assets for 419 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Massachusetts and New York.
55 I provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of 55 I, LLC is $155.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 331% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay 55 I, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Vinay Balagopal Nair is other investment advisers with 20 clients and $135.66 million of assets under management. Among the 10 most similar advisory firms, 55 I has the highest percentage of other investment advisers out of all clients.
The amount of regulatory assets under management is $135.66 million for 20 clients. None of the firm’s clients are foreign persons or businesses.
55 I doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Vinay Balagopal Nair has been acting as President since 1 Sep 2017. Paul Alexander Gamble joined the executive team most recently as the Ceo.
The principal office where 55 I, LLC performs its advisory services is located at One Liberty Square, Boston, MA 02109, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-960-9559. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at 55institutional.com.