Ropes Wealth Advisors Llc (Boston)
Ropes Wealth Advisors Llc Is a Large Advisory Firm Based in Boston. It Manages $4.26 Billion of Regulatory Assets for 2,760 Client Accounts. It Has Been...
Ropes Wealth Advisors LLC is a large advisory firm based in Boston. It manages $4.26 billion of regulatory assets for 2,760 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alaska, Arizona, California, and 32 other states.
Ropes Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
Ropes Wealth Advisors: assets under management
The assets under management (AUM) of Ropes Wealth Advisors LLC is $4.26 billion. The firm's AUM has grown by 57% since the beginning of its operation, and $28.39 million of the total AUM is attributable to clients outside of the United States.
The firm manages $4.12 billion in discretionary accounts and $138.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.52 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.52 million.
Ropes Wealth Advisors has custody of $1.32 billion in cash and securities for 340 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.
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