Needham R B Advisory Corp (North Andover)


Needham R B Advisory Corp is an adviser based in North Andover. It manages $70.81 million of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2001.

Needham R B Advisory Corp provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Needham R B Advisory Corp: assets under management

The assets under management (AUM) of Needham R B Advisory Corp is $70.81 million. The firm's AUM has gone down by -52% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $19.93 million in discretionary accounts and $50.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $343.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.14 thousand.
Needham R B Advisory Corp has custody of $17.85 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Needham R B Advisory Corp for their services and products based on a percentage of assets under management and hourly charges. 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.

Careers at Needham R B Advisory Corp

Robert Needham has been acting as President since 1 Oct 1985. Robert B Needham joined the executive team most recently as the President/Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Needham President 1 Oct 1985 75% - 100% 2569173
Robert B Needham President/chief compliance officer 1 Oct 1985 75% - 100% 2569173

Based in North Andover

The principal office where Needham R B Advisory Corp performs its advisory services is located at 861 Turnpike Street, North Andover, MA 01845 The mailing address of the firm is P.O. Box 398, Andover, MA 01810. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978 681-8821 or by fax 978 685-8000. The normal business hours are 9am to 5pm on Monday - Friday.