Peddock Capital Advisors, LLC (Braintree)

Name: Peddock Capital Advisors, LLC
Address: 50 Braintree Hill Office Park, Braintree, MA, 02184
Telephone: (781) 848-0288

Peddock Capital Advisors, LLC is a large advisory firm based in Braintree. It manages $270.44 million of regulatory assets for 197 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Massachusetts and Texas.

Peddock Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and family office services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Peddock Capital Advisors: assets under management

The assets under management (AUM) of Peddock Capital Advisors, LLC is $270.44 million. The firm's AUM has grown by 701% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $255.1 million in discretionary accounts and $15.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.07 million.

Peddock Capital Advisors has custody of $256.17 million in cash and securities for 77 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Peddock Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Peddock Capital Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Peddock Capital Advisors is high net worth individuals with 61 clients and $244.63 million of assets under management. Among the 12 most similar advisory firms, Peddock Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $250.84 million for 86 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.

Peddock Capital Advisors doesn't advise any private funds.

Careers at Peddock Capital Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Ernest Simmons	Managing member	1 Aug 2008	75% - 100%	4379811
Matthew Ernest Simmons	Director of client services/wealth advisor/chief compliance officer	1 Jan 2017	Other	6704411
Ian Gosselin Browning	Member	1 Nov 2017	Other	6704499

Based in Braintree

The principal office where Peddock Capital Advisors, LLC performs its advisory services is located at 50 Braintree Hill Office Park, Braintree, MA 02184, 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 (781) 848-0288 or by fax (781) 848-0509. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at peddock.com and its LinkedIn profile.