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.
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 advisory firm has several streams of revenue. Clients pay Ropes Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Ropes Wealth Advisors is high net worth individuals with 631 clients and $3.44 billion of assets under management. Among the 12 most similar advisory firms, Ropes Wealth Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.9 billion for 1,097 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.
Ropes Wealth Advisors doesn't advise any private funds.
The company employs 34 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 10 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.
Kristin Dibarnaba Fazio joined the executive team most recently as the Chief Compliance Officer.
The principal office where Ropes Wealth Advisors LLC performs its advisory services is located at Prudential Tower, Boston, MA 02199 3600, 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 617-235-4260 or by fax 617-235-4261. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ropeswealthadvisors.com.