Westfield Capital Management Company, L.P. (Boston)

Name: Westfield Capital Management Company, L.P.
Address: One Financial Center, Boston, MA, 02111
Telephone: (617) 428-7100

Westfield Capital Management Company, L.P. is a large advisory firm based in Boston. It manages $11.86 billion of regulatory assets for 783 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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

Westfield Capital Management Company: assets under management

The assets under management (AUM) of Westfield Capital Management Company, L.P. is $11.86 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -14% since the beginning of its operation, and $913.91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $11.86 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.15 million each.

Westfield Capital Management Company has custody of $44.11 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westfield Capital Management Company, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Westfield Capital Management Company serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Westfield Capital Management Company is pension and profit sharing plans with 91 clients and $3.38 billion of assets under management. Among the 5 most similar advisory firms, Westfield Capital Management Company has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $11.86 billion for 783 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Westfield Capital Management Company also advises several private funds. Namely, one hedge fund, one other private fund, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $200,000 to $1,000,000.

Careers at Westfield Capital Management Company, L.P.

The company employs 60 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Michael Hazard	Board of directors	1 Mar 1989	Other	240834
Arthur Jon Bauernfeind	Chairman, board of directors	1 Jul 1990	Other	14967
Timothy Landon Vaill	Board of directors	1 Oct 1997	Other	4345783
Karen Ann Digravio	Cfo, chief compliance officer, board of directors	1 Jan 2001	Other	4345784
William Albert Muggia	Ceo	1 Nov 2001	Other	1282700
Morton Fearey	Board of directors	1 Apr 2008	Other	2836933
Ethan Joseph Meyers	Board of directors	1 Apr 2008	Other	2649333
Matthew William Strobeck	Board of directors	1 Apr 2008	Other	5522663
Wms General Partner Llc	General partner	1 Jun 2008	Other	80-0163393
Wms Management Llc	Limited partner	1 Jun 2008	75% - 100%	26-2036518
Llc Bpfh Manager	General partner (bpfh manager, llc aka westfield capital management company, llc prior to 06/30/08)	1 Jun 2008	75% - 100%	105212
Kathryn Ann Kearney	Chief financial officer	1 Dec 2012	Other	5852702
Helen Lee Mcauley	Chief compliance officer	1 Jan 2013	Other	3231919
John Morgen Montgomery	Chief operating officer	1 Jan 2015	Other	2369945
Richard Dailyong Lee	Deputy chief investment officer	1 Jan 2016	Other	2529563

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Albert Muggia	Member of management committee	1 Jun 2008	50% - 75%	1282700
Inc. Boston Private Financial Holdings	Sole member	1 Jun 2008	75% - 100%	04-2976299
Matthew William Strobeck	Class a member, member of management committee	1 Jun 2008	Other	5522663
Karen Ann Digravio	Class b member, member of management committee	1 Jun 2008	Other	4345784
Morton Fearey	Class b member, member of management committee	1 Jun 2008	Other	2836933
David Hamlen Thompson	Member of management committee	1 Jan 2011	Other	2657053
Robert Tizoc Flores	Member of management committee	1 Jan 2013	Other	2259636
Bruce Nathan Jacobs	Member of management committee	1 Jan 2013	Other	2179576
Richard Dailyong Lee	Member of management committee	1 Jan 2013	Other	2529563
Ethan Joseph Meyers	Member of management committee	1 Jan 2013	Other	2649333
John Morgen Montgomery	Member of management committee	1 Jan 2013	Other	2369945

Based in Boston

The principal office where Westfield Capital Management Company, L.P. performs its advisory services is located at One Financial Center, Boston, MA 02111, 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) 428-7100 or by fax (617) 428-7190. The normal business hours are 8:30am - 5pm on Monday - Friday. You can find more information about the New York firm at westfieldcapital.com/.