Wellington Management Company LLP (Boston)


Wellington Management Company LLP is a large advisory firm based in Boston. It manages $965.33 billion of regulatory assets for 1,591 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 28 other states.

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Wellington Management Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Wellington Management Company: assets under management

The assets under management (AUM) of Wellington Management Company LLP is $965.33 billion. The firm's AUM has grown by 130% since the beginning of its operation, and $225.22 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $915.07 billion in discretionary accounts and $50.26 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $578.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.03 billion.

Investments

The firm invests in exchange traded securities the most. They account for 28% of the total AUM. The second-largest asset type is other assets, which make up 15% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wellington Management Company LLP for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Wellington Management Company serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Wellington Management Company is investment companies with 240 clients and $503.96 billion of assets under management. Among the 13 most similar advisory firms, Wellington Management Company has the 5th lowest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $964.4 billion for 1,588 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 44% of the firm’s clients are foreign persons or businesses.

Wellington Management Company also advises several private funds. Namely, fifty one hedge funds, one liquidity fund, and fifty other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.

Careers at Wellington Management Company LLP

The company employs 1,699 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 4 people 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.

Gregory Scott Konzal joined the executive team most recently as the Chief Legal Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Charles Townsend Freeman Partner 1 Oct 1979 Other 4327706
John Gooch Partner 1 Oct 1979 Other 2917390
Duncan Mathieu Mcfarland Partner 1 Oct 1979 Other 4327752
Paul Mulford Mecray Partner 1 Oct 1979 Other 4327756
Robert Douglas Rands Partner 1 Oct 1979 Other 4327787
Eugene Edward Record Partner 1 Oct 1979 Other 4327794
Binkley Calhoun Shorts Partner 1 Oct 1979 Other 4327809
Gene Roger Tremblay Partner 1 Oct 1979 Other 4327826
Ernst Hans Von Metzsch Partner 1 Oct 1979 Other 4327873
James Leland Walters Partner 1 Oct 1979 Other 458307
Francis Vincent Wisneski Partner 1 Oct 1979 Other 4327876
Saul Joseph Pannell Partner 1 Jan 1982 Other 4327780
Earl Edward Mcevoy Partner 1 Jan 1984 Other 4327750
Edward Paul Owens Partner 1 Jan 1984 Other 4328091
Stephen Albert Soderberg Partner 1 Jan 1985 Other 4327815
John Robert Ryan Partner 1 Jan 1987 Other 4327799
Mary Ann Tynan Partner 1 Jan 1988 Other 839747
Paul David Kaplan Partner 1 Jan 1989 Other 4327724
Perry Marques Traquina Partner 1 Jan 1989 Other 4327824
Deborah Louise Allison Partner 1 Jan 1991 Other 4327689
William Nicholas Booth Partner 1 Jan 1991 Other 4327698
Pamela None Dippel Partner 1 Jan 1991 Other 4327704
Nicholas Greville Partner 1 Jan 1991 Other 3124847
Paul Braverman Partner 1 Jan 1992 Other 4041131
Laurie Allen Gabriel Partner 1 Jan 1992 Other 4327707
Nicholas Charles Adams Partner 1 Jan 1993 Other 4327675
Rand Charles Alexander Partner 1 Jan 1994 Other 4327686
James Halsey Averill Partner 1 Jan 1994 Other 4327692
John Charles Keogh Partner 1 Jan 1994 Other 4327728
Catherine Anne Smith Partner 1 Jan 1994 Other 4327812
Kenneth Lee Abrams Partner 1 Jan 1995 Other 4327427
Matthew Edward Megargel Partner 1 Jan 1995 Other 4327759
Jonathan Martin Payson Partner 1 Jan 1995 Other 703803
Trond Skramstad Partner 1 Jan 1995 Other 1780742
Kim None Williams Partner 1 Jan 1995 Other 4327875
Christine Smith Manfredi Partner 1 Jan 1996 Other 4327746
James Nelson Mordy Partner 1 Jan 1996 Other 4327762
Diane Carol Nordin Partner 1 Jan 1996 Other 1058811
Thomas Pappas Partner 1 Jan 1996 Other 2763696
Joseph Harold Schwartz Partner 1 Jan 1996 Other 4327801
Nancy Lukitsh Partner 1 Jan 1997 Other 2685949
Mark Thomas Lynch Partner 1 Jan 1997 Other 4327740
Harriett Tee Taggart Partner 1 Jan 1997 Other 4327822
Clare None Villari Partner 1 Jan 1997 Other 4327871
Robert Anthony Bruno Partner 1 Jan 1998 Other 4327700
Paul Joseph Hamel Partner 1 Jan 1998 Other 4327717
George C Lodge Partner 1 Jan 1998 Other 1536600
Stephen Thomas O'brien Partner 1 Jan 1998 Other 4327778
Karl E Bandtel Partner 1 Jan 1998 Other 1957940
Maryann Evelyn Carroll Partner 1 Jan 1999 Other 4327701
Lucius Tuttle Hill Partner 1 Jan 1999 Other 4327722
James Rullo Partner 1 Jan 1999 Other 2109863
Theodore Efthimion Shasta Partner 1 Jan 1999 Other 4327807
Brendan Joseph Swords Partner 1 Jan 1999 Other 4327819
Michael Aaron Tyler Partner 1 Jan 1999 Other 4327849
Robert Lloyd Evans Partner 1 Jan 2000 Other 1431413
Lisa Delafuente Finkel Partner 1 Jan 2000 Other 855399
Phillip H Perelmuter Partner 1 Jan 2000 Other 1214243
Eric Stromquist Partner 1 Jan 2000 Other 1324469
Mark J Beckwith Partner 1 Jan 2000 Other 1501443
Steven Carl Angeli Partner 1 Jan 2001 Other 4330754
John Franklin Averill Partner 1 Jan 2001 Other 4330761
Mark Flaherty Partner 1 Jan 2001 Other 1893963
Andrew Sterling Offit Partner 1 Jan 2001 Other 1516416
James Howard Shakin Partner 1 Jan 2001 Other 4330772
Scott Eddison Simpson Partner 1 Jan 2001 Other 2086958
Jean Marie Hynes Partner 1 Jan 2001 Other 4330808
Michael John Boudens Partner 1 Jan 2001 Other 1677912
Kevin John Blake Partner 1 Jan 2001 Other 4332435
Nancy Marie Morris Chief compliance officer 1 Apr 2012 Other 2672014
Brendan Joseph Swords Chief executive officer 1 Jan 2015 Other 4327819
Cynthia Mary Clarke Chief legal officer 1 Jan 2015 Other 4620397
Edward Joseph Steinborn Chief financial officer 1 Jan 2015 Other 2875705
Wellington Investment Advisors Holdings Llp Managing partner 1 Jan 2015 75% - 100% 47-1144901
John David Norberg Chief compliance officer 1 May 2018 Other 5755988
Gregory Scott Konzal Chief legal officer 1 Aug 2019 Other 7162063

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Wellington Management Group Llp Managing partner 1 May 2014 75% - 100% 04-2683227
Wellington Group Holdings Llp Managing partner 1 May 2014 75% - 100% 47-1167553

Based in Boston

The principal office where Wellington Management Company LLP performs its advisory services is located at 280 Congress Street, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-951-5000. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at wellington.com and its LinkedIn profile.