Devonshire Asset Management, Inc. (Stoneham)


Devonshire Asset Management, Inc. is an adviser based in Stoneham. It manages $54.04 million of regulatory assets for 115 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Massachusetts, and New Hampshire.

Devonshire Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Devonshire Asset Management: assets under management

The assets under management (AUM) of Devonshire Asset Management, Inc. is $54.04 million. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $52.78 million in discretionary accounts and $1.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $475.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $315.15 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Devonshire Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.

Based in Stoneham

The principal office where Devonshire Asset Management, Inc. performs its advisory services is located at 92 Montvale Ave., Stoneham, MA 02180, 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 781-435-0063 or by fax 781-435-0559. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.devonshireonline.com.