Tremont Realty Advisors LLC is a large advisory firm based in Newton. It manages $139.79 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Massachusetts.
Tremont Realty Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. 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 Tremont Realty Advisors LLC is $139.79 million. The firm's AUM has gone down by -27% 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 Tremont Realty Advisors LLC for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Barry Michael Portnoy is pooled investment vehicles with 2 clients and $114.43 million of assets under management. Among the 10 most similar advisory firms, Tremont Realty Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $139.79 million for 3 clients. None of the firm’s clients are foreign persons or businesses.
Tremont Realty Advisors also advises several private funds. Namely, one real estate fund.
The company employs 18 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No 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.
Barry Michael Portnoy has been acting as President since 1 Mar 2016. Jared Robert Lewis joined the executive team most recently as the Vice President.
The principal office where Tremont Realty Advisors LLC performs its advisory services is located at 255 Washington Street, Newton, MA 02458 1634, 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 617-867-0700 or by fax 617-796-8376. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at tremontcapital.com.