Federal Street Advisors Inc (Boston)

Name: Federal Street Advisors Inc
Address: 24 Federal St, Boston, MA, 02110
Telephone: 617-350-8999

Federal Street Advisors Inc is a large advisory firm based in Boston. It manages $3.78 billion of regulatory assets for 1,454 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 4 other states.

Federal Street Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and manager research and due diligence provided to affiliate. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Federal Street Advisors: assets under management

The assets under management (AUM) of Federal Street Advisors Inc is $3.78 billion. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $296.53 million in discretionary accounts and $3.49 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.66 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.54 million.

Federal Street Advisors has custody of $29.88 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Federal Street Advisors Inc for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at Federal Street Advisors Inc

James L. Lapann has been acting as President since 1 Jan 2004. Jennifer Christian Murtie joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Robert Lapann	Director, chairman	1 May 1991	75% - 100%	1034888
Cumaresan Balamurugan	Partner	1 Jul 2003	Other	4034599
Balamurugan Cumaresan	Shareholder	1 Jul 2003	Other	4034599
James L. Lapann	Director	1 Jan 2004	Other	6111410
Richard Miles Tardiff	Chief compliance officer, director	1 Sep 2004	Other	4629253
Edmund B Davis	Chief operating officer	1 Apr 2007	Other	5769763
Kristin Lynn Fafard	Cio	1 Jan 2013	Other	2722375
Jennifer Christian Murtie	Coo	1 Jan 2013	Other	6155714
Robert Rose Gould	Executive vice president, director of advisory services	1 Oct 2013	Other	2572414
Jennifer Christian Murtie	President	1 Sep 2014	Other	6155714
Eric James Godes	Coo and chief wealth advisory officer	1 Sep 2014	Other	1207569

Based in Boston

The principal office where Federal Street Advisors Inc performs its advisory services is located at 24 Federal St, Boston, MA 02110, 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 617-350-8999 or by fax 617-350-8902. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at federalstreet.com.