Bourne Lent Asset Management, Inc. (Pawling)

Name: Bourne Lent Asset Management, Inc.
Address: 3 Memorial Avenue, Pawling, NY, 12564
Telephone: 845-855-1590

Bourne Lent Asset Management, Inc. is a large advisory firm based in Pawling. It manages $196.21 million of regulatory assets for 93 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Connecticut, Florida, Maine, New Jersey, and New York.

Bourne Lent Asset Management provides portfolio management for individuals and small businesses 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.

Bourne Lent Asset Management: assets under management

The assets under management (AUM) of Bourne Lent Asset Management, Inc. is $196.21 million. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $194.89 million in discretionary accounts and $1.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $219.9 thousand.

Investments

The firm invests in other assets the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bourne Lent Asset Management, Inc. 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 Bourne Lent Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Bourne Lent Asset Management is high net worth individuals with 59 clients and $161.07 million of assets under management. Among the 10 most similar advisory firms, Bourne Lent Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $196.21 million for 95 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.

Bourne Lent Asset Management doesn't advise any private funds.

Careers at Bourne Lent Asset Management, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Joseph Lent	Vice president, chief compliance officer, chief executive officer	1 Jul 2014	Other	2224794
Donald Winthrop Bourne	President, chairman, treasurer	1 Jul 2014	75% - 100%	4368990

Based in Pawling

The principal office where Bourne Lent Asset Management, Inc. performs its advisory services is located at 3 Memorial Avenue, Pawling, NY 12564 The mailing address of the firm is Po Box 340, Pawling, NY 12564. An additional office of the firm is in Montclair, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 845-855-1590 or by fax 845-855-1542. The normal business hours are 8:30am-4:00pm on Monday - Friday. You can find more information about the New York firm at bournelent.com.