Geode Capital Management, LLC (Boston)

Name: Geode Capital Management, LLC
Address: 100 Summer Street, Boston, MA, 02110
Telephone: 1-800-777-6757

Geode Capital Management, LLC is a large advisory firm based in Boston. It manages $368.07 billion of regulatory assets for 589 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Massachusetts.

Geode Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and investment and technology consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Geode Capital Management: assets under management

The assets under management (AUM) of Geode Capital Management, LLC is $368.07 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1155% since the beginning of its operation, and $10.14 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $368.07 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $624.9 million each.

Geode Capital Management has custody of $392.63 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is derivatives, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Geode Capital Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Albert Francke serves?

The firm provides services to individuals, investment companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Albert Francke is investment companies with 67 clients and $355.56 billion of assets under management. Among the 11 most similar advisory firms, Geode Capital Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $365.54 billion for 574 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Geode Capital Management also advises several private funds. Namely, four hedge funds.

Careers at Geode Capital Management, LLC

The company employs 98 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No 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.

Albert Francke has been acting as President since 1 Jul 2003. Philip Lindsey Bullen joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jacques Pierre Perold	President	1 Jul 2001	Other	4407744
John J Remondi	Director	1 Jul 2001	Other	4348172
Robert Anthony Lawrence	Director	1 Oct 2002	Other	1718925
Charles B Mcdevitt	Coo, cco & treasurer	1 Jun 2003	Other	4692288
Albert Francke	Director	1 Jul 2003	Other	4693529
Caleb Loring	Director	1 Jul 2003	Other	4700572
Diane Marie Toland	Secretary	1 Jul 2003	Other	2561156
Michael J Roberts	Director	1 Jul 2003	Other	4179817
Geode Capital Holdings Llc	Member	1 Aug 2003	75% - 100%	11-3698613
Llc Geode Capital Holdings	Sole member	1 Aug 2003	75% - 100%	11-3698613
Lisa Jill Lampert	Chief legal officer	1 Jul 2004	Other	2945032
Jeffrey Stewart Miller	Chief financial officer and treasurer	1 Jul 2004	Other	4347258
Robert M Gervis	Director	1 Jan 2005	Other	4347068
Timothy T Hilton	Director	1 Oct 2005	Other	4380805
Jeffrey Stewart Miller	Chief operating officer	1 Jun 2006	Other	4347258
George J Yost	Director	1 Jul 2006	Other	5156758
Walter Phillip Donovan	Chief compliance officer	1 Jul 2007	Other	2163204
Steven Laurence Lefkowitz	Chief financial officer and treasurer	1 Jul 2007	Other	5406186
Vincent Charles Gubitosi	President (interim)	1 May 2009	Other	2972091
Vincent Charles Gubitosi	President and chief investment officer	1 Oct 2009	Other	2972091
Joseph Louis Ciardi	Chief compliance officer	1 Jan 2010	Other	2360485
Charles Lloyd Mckenzie	Director	1 Jan 2011	Other	2367172
Arlene Rockefeller	Director	1 May 2011	Other	2730775
Charles S (Mi Only) Morrison	Director	1 May 2011	Other	4650274
Franklin Corning Kenly	Director	1 Apr 2012	Other	702146
Jason F Ketchen	General counsel	1 Sep 2012	Other	6136629
Eric Daniel Roiter	Director	1 Oct 2012	Other	3037873
John Francis Haley	Director	1 May 2013	Other	5283926
Jennifer Stonestreet Uhrig	Director	1 Oct 2013	Other	6270393
Sorin Codreanu	Chief financial officer	1 Oct 2013	Other	6270490
Matthew Joel Nevins	General counsel	1 Feb 2015	Other	6459722
Philip Lindsey Bullen	Director	1 Feb 2017	Other	2618050

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Geode Holdings Trust	Member	1 Aug 2003	50% - 75%	26-6017227
Edward F. Hines	Trustee	1 Aug 2003	Other	4694281
Nolly Elisabeth Corley	Trustee	1 Aug 2006	Other	5219939

Based in Boston

The principal office where Geode Capital Management, LLC performs its advisory services is located at 100 Summer Street, Boston, MA 02110, 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 1-800-777-6757 or by fax 617 392-2050. 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 geodecapital.com.