Middleton & Company Inc. (Boston)


Middleton & Company Inc. is a large advisory firm based in Boston. It manages $801.13 million of regulatory assets for 601 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of California, Connecticut, Florida, and 9 other states.

Middleton & Company provides portfolio management for individuals and small businesses 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.

Middleton & Company: assets under management

The assets under management (AUM) of Middleton & Company Inc. is $801.13 million. The firm's AUM has gone down by -3% since the beginning of its operation, and $13.24 million of the total AUM is attributable to clients outside of the United States.

The firm manages $798.06 million in discretionary accounts and $3.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $512.38 thousand.
Middleton & Company has custody of $798.06 million in cash and securities for 390 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Middleton & Company Inc. for their services and products based on a percentage of assets under management. 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 Thomas Michael Middleton serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Michael Middleton is high net worth individuals with 259 clients and $599.49 million of assets under management. Among the 6 most similar advisory firms, Middleton & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $801.13 million for 396 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Middleton & Company doesn't advise any private funds.

Careers at Middleton & Company Inc.

The company employs 17 people that are either part- or full-time employees. 53 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 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.

Thomas Michael Middleton has been acting as President since 1 Mar 1999. Alice Kenney Walsh joined the executive team most recently as the Board Chairman; Managing Director; Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John W Wieland Managing director; director 1 Jan 1987 Other 2892811
Thomas Michael Middleton Chairman 1 Mar 1999 50% - 75% 333859
John Wieland President, ceo 1 Mar 1999 25% - 50% 2892811
Stephen Todd Hibbard Chief operating officer 1 Mar 1999 Other 244933
Alice Kenney Walsh Managing director; director 1 Mar 2004 Other 2035254
Jr. John K. Sargent Chief financial officer, managing director; director 1 Mar 2004 Other 4306511
Middleton & Company Employee Stock Ownership Trust Shareholder 1 Mar 2004 50% - 75% 20-0505509
Thomas Michael Middleton Director, chairman 1 Mar 2004 Other 333859
Stephen Todd Hibbard Chief compliance officer; managing director 1 Mar 2004 Other 244933
Midleton & Company Employee Stock Ownership Trust Shareholder 1 Mar 2004 50% - 75% 20-0505509
Maria Mccormack Chief compliance officer; managing director 1 Jun 2006 Other 4673957
John W Wieland Chief executive officer; managing director; director 1 Dec 2009 Other 2892811
Stephen Todd Hibbard Managing director;director 1 Dec 2009 Other 244933
Eric Norman Gutterson Managing director; director 1 May 2010 Other 1365348
Eric N. Gutterson Managing director 1 May 2010 Other xxx-xx-xxxx
Alice Kenney Walsh Board chairman; managing director; director 1 Jul 2016 Other 2035254
Jr. John K. Sargent Chief executive officer; managing director; director 1 Jul 2016 Other 4306511

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
John W Wieland Trustee 1 Mar 2004 Other 2892811
Maria Mccormack Trustee 1 Apr 2016 Other 4673957

Based in Boston

The principal office where Middleton & Company Inc. performs its advisory services is located at 600 Atlantic Avenue; 18 Th Floor, Boston, MA 02210 2211, 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)357-5101 or by fax (617)357-7199. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at middletonco.com.

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