Moors & Cabot, Inc. (Boston)

Name: Moors & Cabot, Inc.
Address: One Federal Street, Boston, MA, 02110
Telephone: 800-426-0501

Moors & Cabot, Inc. is a large advisory firm based in Boston. It manages $1.66 billion of regulatory assets for 3,328 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, California, Colorado, and 30 other states.

Moors & Cabot provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Moors & Cabot: assets under management

The assets under management (AUM) of Moors & Cabot, Inc. is $1.66 billion. The firm's AUM has grown by 479% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.54 billion in discretionary accounts and $120.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $496.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $528.99 thousand.

Moors & Cabot has custody of $22.93 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Moors & Cabot, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

What kind of clients Michael Charles Braun serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Michael Charles Braun is individuals with 3,086 clients and $1.17 billion of assets under management. Among the 9 most similar advisory firms, Moors & Cabot has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.66 billion for 3,320 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.

Moors & Cabot doesn't advise any private funds.

Careers at Moors & Cabot, Inc.

The company employs 163 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 95 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Michael Charles Braun has been acting as President since 1 Feb 2008. Peter Svorinic joined the executive team most recently as the Svp Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Willis Morey	Approved person	1 Jan 1991	75% - 100%	2127551
Joseph Philip Cuetara	Svp	1 Jan 1999	Other	58308
Michael Charles Braun	Executive vice president	1 Jun 2002	Other	2005370
Brian Thomas Foley	Chief financial officer/finop/coo	1 Oct 2005	Other	2647976
Daniel Michael Joyce	President/ceo/director	1 Feb 2006	Other	1060819
Edward Burke Morey	Director	1 Mar 2006	Other	xxx-xx-xxxx
Lawrence Gilbert Martel	Chief compliance officer	1 Aug 2006	Other	2177025
Michael Christopher Hildreth	Complaince officer/crop/srop	1 Aug 2006	Other	2386839
Thomas Francis Labrie	Executive vice president	1 Jan 2007	Other	1710161
Michael Christopher Hildreth	Chief compliance officer	1 Dec 2007	Other	2386839
Michael Charles Braun	Evp/coo/director	1 Feb 2008	Other	2005370
Mark David Garrett	Director/co-chairman	1 Jul 2008	Other	5563014
Peter Joseph Hartney	Municipal principal/svp	1 Jul 2008	Other	842133
Mark Garrett	Director	1 Jul 2008	Other	5563014
Thomas Tho Nguyen	Municipal principal	1 Oct 2008	Other	4670078
Michael Christopher Hildreth	Chief compliance officer/evp/finop/rop	1 Apr 2010	Other	2386839
Edward Burke Morey	Director/co-chairman	1 Nov 2010	Other	2770812
Michael Christopher Hildreth	Chief compliance officer/evp/finop/rop/director	1 Nov 2010	Other	2386839
Joseph Philip Cuetara	Svp fixed income/municipal principal	1 Dec 2010	Other	58308
Thomas Tho Generazio	Chief compliance officer/svp/rop	1 Dec 2015	Other	4670078
Jr. Revocable Trust The Robert W. Morey	Shareholder	1 Feb 2018	75% - 100%	00-2288275
Peter Svorinic	Svp chief compliance officer	1 Nov 2018	Other	1403501

Based in Boston

The principal office where Moors & Cabot, Inc. performs its advisory services is located at One Federal Street, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in Norwell, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-426-0501 or by fax 617-904-1889. The normal business hours are 8:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at moorscabot.com and its LinkedIn profile.