Tekla Capital Management LLC (Boston)

Name: Tekla Capital Management LLC
Address: 100 Federal Street, Boston, MA, 02110
Telephone: 617-772-8500

Tekla Capital Management LLC is a large advisory firm based in Boston. It manages $2.75 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2013.

Tekla Capital Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tekla Capital Management: assets under management

The assets under management (AUM) of Tekla Capital Management LLC is $2.75 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 285% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.75 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $687.9 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tekla Capital Management LLC for their services and products based on a percentage of assets under management. 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 Tekla Capital Management serves?

The only and largest group of clients of Tekla Capital Management is investment companies with 4 clients and $2.75 billion of assets under management. Among the 10 most similar advisory firms, Tekla Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.75 billion for 4 clients. None of the firm’s clients are foreign persons or businesses.

Tekla Capital Management doesn't advise any private funds.

Careers at Tekla Capital Management LLC

The company employs 18 people that are either part- or full-time employees. 61 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
Daniel R Omstead	President, ceo, cfo, member and manager	1 Jun 2002	50% - 75%	4505623
Mary N Omstead	Member	1 Jun 2002	50% - 75%	4744058
Laura F Woodward	Chief compliance officer	1 May 2009	Other	5669722

Based in Boston

The principal office where Tekla Capital Management LLC performs its advisory services is located at 100 Federal Street, Boston, MA 02110, 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 617-772-8500 or by fax 617-772-8577. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at teklacap.com.