Andover Investment Advisors, LLC is a large advisory firm based in North Andover. It manages $103.43 million of regulatory assets for 295 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, Massachusetts, and New Hampshire.
Andover Investment Advisors provides portfolio management for individuals and small businesses. 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 Andover Investment Advisors, LLC is $103.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Andover Investment Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 firm provides services to individuals and high net worth individuals. The largest group of clients of Samuel James Conte is high net worth individuals with 115 clients and $100.01 million of assets under management. Among the 6 most similar advisory firms, Andover Investment Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $100.85 million for 127 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Andover Investment Advisors doesn't advise any private funds.
The company employs 2 people that are either part- or full-time employees. 50 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.
The principal office where Andover Investment Advisors, LLC performs its advisory services is located at 807 Turnpike Street, North Andover, MA 01845, 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 978-685-1050 or by fax 978-557-5463. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at andoverinvestments.com.