Windrose Advisors LLC (Waltham)

Name: Windrose Advisors LLC
Address: Watermill Center, Waltham, MA, 02453
Telephone: 617-421-1750

Windrose Advisors LLC is a large advisory firm based in Waltham. It manages $1.63 billion of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Massachusetts, and Washington.

Windrose Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Windrose Advisors: assets under management

The assets under management (AUM) of Windrose Advisors LLC is $1.63 billion. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $326.3 million in discretionary accounts and $1.3 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $46.61 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $20.68 million.

Windrose Advisors has custody of $1.63 billion in cash and securities for 70 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 33% of the firm’s portfolio. Investments in exchange traded securities form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Windrose Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Windrose Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Windrose Advisors is high net worth individuals with 32 clients and $945.14 million of assets under management. Among the 5 most similar advisory firms, Windrose Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.46 billion for 67 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.

Windrose Advisors also advises several private funds. Namely, four hedge funds, one liquidity fund, three real estate funds, one other private fund, twenty one private equity funds, and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000.

Careers at Windrose Advisors LLC

The company employs 16 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gildas Quinquis has served as the Chief Investment Officer since 1 Dec 2017. Daniel Max Fireman joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William A Heitin	Partner & chief investment officer	1 Aug 2009	Other	5736775
Llc Fireman Capital Partners	Shareholder	1 Aug 2009	50% - 75%	26-3861291
David Lowe Revocable Trust	Shareholder	1 Aug 2009	Other	xxx-xx-xxxx
Dan Fireman	Shareholder	1 Aug 2009	Other	5736779
Paul Barry Fireman	Shareholder	1 Aug 2009	Other	2003394
Joseph Farina	Shareholder	1 Aug 2009	Other	5736786
Jamie Hudson	Shareholder	1 Aug 2009	Other	5736787
Stacy Madison Revocable Trust	Shareholder	1 Aug 2009	Other	xxx-xx-xxxx
Stephen Liam Patrick	Shareholder	1 Aug 2009	Other	4555643
Paul Scott Pomerantz	Chief compliance officer	1 Nov 2009	Other	5751736
John Dietrich Haase	Managing partner	1 May 2010	Other	4262748
Jeffrey William Reinke	Director, chief operations officer and chief compliance officer	1 Jan 2014	Other	4393142
Paul Scott Pomerantz	Chief compliance officer	1 Jul 2017	Other	5751736
Gildas Quinquis	Chief investment officer	1 Dec 2017	Other	6468455
Daniel Max Fireman	Shareholder	1 Jan 2018	Other	5736779

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Dan Fireman	Owner	1 Jul 2009	75% - 100%	5736779

Based in Waltham

The principal office where Windrose Advisors LLC performs its advisory services is located at Watermill Center, Waltham, MA 02453, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-421-1750 or by fax 857-241-2222. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at windroseadvisor.com.