Strategic Point Investment Advisors LLC (Providence)

Name: Strategic Point Investment Advisors LLC
Address: 294 West Exchange Street, Providence, RI, 02903 1004
Telephone: 401-273-1500

Strategic Point Investment Advisors LLC is a large advisory firm based in Providence. It manages $588.28 million of regulatory assets for 2,282 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Florida, and 10 other states.

Strategic Point Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Strategic Point Investment Advisors: assets under management

The assets under management (AUM) of Strategic Point Investment Advisors LLC is $588.28 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 170% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $588.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $257.79 thousand each.

Strategic Point Investment Advisors has custody of $37.37 million in cash and securities for 69 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Strategic Point Investment Advisors LLC 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.

What kind of clients David Francis Brochu serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Francis Brochu is high net worth individuals with 210 clients and $355.14 million of assets under management. Among the 11 most similar advisory firms, Strategic Point Investment Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $583.78 million for 739 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.

Strategic Point Investment Advisors doesn't advise any private funds.

Careers at Strategic Point Investment Advisors LLC

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Francis Brochu has been acting as President since 1 Dec 2002. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Francis Brochu	President/director	1 Dec 2002	Other	1164857
Jill Schlesinger	Vice president/director	1 Dec 2002	Other	2587365
Douglas B Stotz	Director	1 Dec 2002	Other	4236980
Progressive Financial Strategies Llc	Member	1 Dec 2002	75% - 100%	05-0514499
Fred Jay Franklin	Chief legal counsel/chief operations officer/chief compliance officer	1 Mar 2004	Other	1065104
Aaron Michael Simmons	Vice-president operations	1 Aug 2004	Other	2940039
Richard Joseph Anzelone	Chief compliance officer	1 Jul 2005	Other	4252619
Llc Focus Operating	Member	1 Jan 2006	75% - 100%	20-8161914
Llc Fi Services Holdings	Member	1 Jan 2006	75% - 100%	20-4135819
Llc Strategic Point Holdings	Member	1 Jan 2006	75% - 100%	20-4142538
Andrea Regina Felice	Chief financial officer	1 Mar 2009	Other	5328290
Betsey A Purinton	Managing director and chief investment officer	1 May 2010	Other	4682096
Richard Joseph Anzelone	Managing director	1 May 2010	Other	4252619
Betsey Alden Purinton	Managing director and chief investment officer	1 May 2010	Other	4682096
Derek Michael Amey	Portfolio manager	1 Jul 2010	Other	3063755
Derek Michael Amey	Managing director	1 Sep 2013	Other	3063755
Betsey Alden Purinton	Managing partner	1 Oct 2015	Other	4682096
Betsey A Purinton	Managing partner	1 Oct 2015	Other	4682096
Richard Joseph Anzelone	Partner	1 May 2018	Other	4252619
Derek Michael Amey	Partner	1 May 2018	Other	3063755

Indirect Owners

The SEC currently registers 17 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Francis Brochu	Shareholder	1 Aug 1991	25% - 50%	1164857
Jill Schlesinger	Shareholder	1 Jul 1996	25% - 50%	2587365
Fleet Boston	Shareholder	1 Oct 1999	75% - 100%	05-0341324
Llc Summit Partners Vi (Gp)	Partner	1 Dec 2000	Other	135263
L.P. Summit Partners Vi (Gp)	Partner	1 Dec 2000	Other	04-3540852
Inc. Financial Strategies	Shareholder	1 Oct 2002	50% - 75%	05-0500250
Inc. Bancboston Investments	Shareholder	1 Oct 2002	25% - 50%	04-2784232
Llc Focus Financial Partners	Member	1 Jan 2006	75% - 100%	16-1728260
L.P. Summit Ventures Vi A	Member	1 Jan 2006	50% - 75%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Lp Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Providence

The principal office where Strategic Point Investment Advisors LLC performs its advisory services is located at 294 West Exchange Street, Providence, RI 02903 1004, which is also the mailing address of the firm. An additional office of the firm is in East Greenwich, RI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-273-1500 or by fax 401-273-8987. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at strategicpoint.com.