Baldwin Brothers Inc (Marion)

Name: Baldwin Brothers Inc
Address: 204 Spring Street, Marion, MA, 02738
Telephone: 508-748-0800

Baldwin Brothers Inc is a large advisory firm based in Marion. It manages $1.01 billion of regulatory assets for 837 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alaska, California, Colorado, and 20 other states.

Baldwin Brothers provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Baldwin Brothers: assets under management

The assets under management (AUM) of Baldwin Brothers Inc is $1.01 billion. The firm's AUM has grown by 9% since the beginning of its operation, and $14.16 million of the total AUM is attributable to clients outside of the United States.

The firm manages $982.48 million in discretionary accounts and $27.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.13 million.

Baldwin Brothers has custody of $193.41 million in cash and securities for 112 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is other assets, which make up 14% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Baldwin Brothers Inc for their services and products based on a percentage of assets under management and fixed fees. 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 Baldwin serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, business development companies, and corporations or other businesses. The largest group of clients of Michael Baldwin is high net worth individuals with 148 clients and $727.79 million of assets under management. Among the 5 most similar advisory firms, Baldwin Brothers has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $991.1 million for 371 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Baldwin Brothers also advises several private funds. Namely, one hedge fund, one private equity fund, and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Baldwin Brothers Inc

The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 9 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.

Michael Baldwin has been acting as President since 1 Dec 1985. Matthew S. Morse has served as the Chief Investment Officer since 1 Apr 2016 and John Leonard Mannix is the Chief Executive Officer of Baldwin Brothers Inc family office. Taylor Converse Baldwin joined the executive team most recently as the Executive Vice President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Lulworth	Shareholder	1 Dec 1985	75% - 100%	06-1170884
Michael Baldwin	Director/president	1 Dec 1985	Other	1658183
David Anson Barrett	Vice president/secretary	1 Dec 1985	Other	1658184
Andrew Michael Wallerstein	Chief compliance officer	1 Jan 2005	Other	1003331
Taylor Converse Baldwin	Executive vice president and chief compliance officer	1 Feb 2013	Other	6163173
John Leonard Mannix	Chief executive officer	1 Sep 2015	Other	2175667
Matthew S. Morse	Chief investment officer	1 Apr 2016	Other	6644674

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Ellen O'gorman Stone	Shareholder	1 Jun 2007	Other	2903133

Based in Marion

The principal office where Baldwin Brothers Inc performs its advisory services is located at 204 Spring Street, Marion, MA 02738, which is also the mailing address of the firm. An additional office of the firm is in Mill Valley, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 508-748-0800 or by fax 508-748-0806. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at baldwinbrothersinc.com and its LinkedIn profile.