S & Co., Inc. (Boston)

S & Co., Inc. is a large advisory firm based in Boston. It manages $1.46 billion of regulatory assets for 274 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, Connecticut, Maine, Massachusetts, and New York.

S & Co. provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and investment advice to individual trustees of revocable and irrevocable trusts.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

S & Co.: assets under management

The assets under management (AUM) of S & Co., Inc. is $1.46 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.46 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.34 million each.

S & Co. has custody of $1.45 billion in cash and securities for 271 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay S & Co., Inc. 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.

What kind of clients George Lewis serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of George Lewis is high net worth individuals with 184 clients and $853.27 million of assets under management. Among the 8 most similar advisory firms, S & Co. has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.46 billion for 274 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.

S & Co. also advises several private funds. Namely, five other private funds.

Careers at S & Co., Inc.

The company employs 14 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

George Lewis has been acting as President since 1 Apr 1988. Jeffrey L Thompson joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Lewis	Director	1 Apr 1988	25% - 50%	1913949
William Lawrence Saltonstall	President, director	1 Apr 1988	Other	1913401
Dudley Hall Willis	Treasurer, clerk, director	1 Apr 1988	Other	1508752
Neil Lockwood Thompson	Director, chairman & president	1 Jan 1996	25% - 50%	4351209
(Iii) Alexander Webb	Director	1 Jan 1999	Other	1620484
(Iii) Alexander Webb	Director	1 Jun 1999	Other	1620484
(Iii) Alexander Webb	Director, chief compliance officer, treasurer and clerk	1 Oct 2004	Other	1620484
Mitchell Jerrold	Director	1 Jan 2009	Other	5651052
George West Saltonstall	Director	1 Jan 2011	Other	1032290
Matthew Edward Megargel	Director and assistant clerk	1 Jul 2014	Other	4327759
George Nathaniel Jeppson	Director, senior vice president, treasurer, chief compliance officer	1 Jul 2016	Other	2913024
Jeffrey L Thompson	Vice president	1 Jan 2018	Other	6899991
Brian Farrell Mccarthy	Vice president	1 Jan 2018	Other	4988287
Brian F Mccarthy	Vice president	1 Jan 2018	Other	6899992

Based in Boston

The principal office where S & Co., Inc. performs its advisory services is located at 50 Congress Street, Room 800, 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 617-227-8660 or by fax 617-227-4470. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.