Single Point Partners, LLC (Boston)

Name: Single Point Partners, LLC
Address: 277 Dartmouth Street, Boston, MA, 02116
Telephone: 617-600-0510

Single Point Partners, LLC is a large advisory firm based in Boston. It manages $192.8 million of regulatory assets for 460 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Single Point Partners provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Single Point Partners: assets under management

The assets under management (AUM) of Single Point Partners, LLC is $192.8 million. The firm's AUM has grown by 89% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $189.45 million in discretionary accounts and $3.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $424.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $239.11 thousand.

Single Point Partners has custody of $135.82 million in cash and securities for 75 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 11% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Single Point Partners, LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Single Point Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Single Point Partners is high net worth individuals with 54 clients and $172.92 million of assets under management. Among the 12 most similar advisory firms, Single Point Partners has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $192.8 million for 98 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.

Single Point Partners doesn't advise any private funds.

Careers at Single Point Partners, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Single Point Management	Owner	1 Jun 2012	50% - 75%	45-5307859

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Shaun David Erickson	Member and managing partner; director	1 Apr 2012	50% - 75%	4511189
Rene Antonio Jarquin	Member & chief investment officer	1 May 2017	50% - 75%	4719330

Based in Boston

The principal office where Single Point Partners, LLC performs its advisory services is located at 277 Dartmouth Street, Boston, MA 02116, 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 617-600-0510. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at spcfo.com.