Nepc, LLC (Boston)

Name: Nepc, LLC
Address: 255 State Street, Boston, MA, 02109
Telephone: 617-374-1300

Nepc, LLC is a large advisory firm based in Boston. It manages $18.98 billion of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, Florida, and 14 other states.

Nepc provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nepc: assets under management

The assets under management (AUM) of Nepc, LLC is $18.98 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3064% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $18.98 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $358.19 million each.

Investments

The firm invests in pooled investment vehicles the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nepc, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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 Levon Chertavian serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Levon Chertavian is pension and profit sharing plans with 147 clients and $13.44 billion of assets under management. Among the 9 most similar advisory firms, Nepc has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $18.98 billion for 366 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.

Nepc doesn't advise any private funds.

Careers at Nepc, LLC

The company employs 275 people that are either part- or full-time employees. 36 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 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.

Levon Chertavian has been acting as President since 1 Dec 2007. Douglas Wheeler Moseley joined the executive team most recently as the Partner And Member Of The Executive Committee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Minard Charlton	Chairman, trustee of new england pension consultants trust	1 Dec 2007	25% - 50%	1170953
Michael Patrick Manning	Managing partner	1 Dec 2007	Other	2138898
William Yates Bogle	Chief compliance officer	1 Dec 2007	Other	2542058
Allan C Martin	Executive committee member	1 Dec 2007	Other	5485655
Levon Chertavian	Director	1 Dec 2007	Other	2247150
New England Pension Consultants Trust	Member	1 Dec 2007	Other	04-3503479
Martin Carmichael	Director	1 Dec 2007	Other	5485716
Joseph Stanley Breitfelder	Executive committee member	1 Dec 2007	Other	2202579
Steven Floyd Charlton	Executive committee member	1 Dec 2007	Other	2183785
Ellen Worthington Griggs	Chief operating officer	1 Dec 2007	Other	736662
Marybeth Tobin	Chief financial officer	1 Dec 2007	Other	5485682
Sean W. B. Gill	Executive committee member	1 Mar 2009	Other	5656793
Christopher A Levell	Executive committee member	1 Mar 2010	Other	5769606
Jay Edward Roney	Executive committee member	1 Mar 2011	Other	2328555
Daniel Kelly	Chief operating officer	1 Jul 2011	Other	5735472
Christine Allison Loughlin	Executive committee member	1 Mar 2013	Other	2635862
Neil Niranjan Sheth	Executive committee member	1 Mar 2015	Other	2378922
Richard Minard Charlton	Chairman emeritus, trustee of new england pension consultants trust	1 Jan 2016	Other	1170953
Matthew Jon Lombardi	Chief financial officer	1 Jan 2016	Other	2009725
Douglas Wheeler Moseley	Partner and member of the executive committee	1 Mar 2018	Other	6924171

Based in Boston

The principal office where Nepc, LLC performs its advisory services is located at 255 State Street, Boston, MA 02109, which is also the mailing address of the firm. An additional office of the firm is in Detroit, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-374-1300 or by fax 617-374-1313. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at nepc.com.