Whalerock Point Partners, LLC (Providence)

Name: Whalerock Point Partners, LLC
Address: One Turks Head Place, Providence, RI, 02903 2205
Telephone: 401-228-7799

Whalerock Point Partners, LLC is a large advisory firm based in Providence. It manages $398.16 million of regulatory assets for 207 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, New York, and Rhode Island.

Whalerock Point Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting services to 529 plan service provider; consulting service to dental insurance company. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Whalerock Point Partners: assets under management

The assets under management (AUM) of Whalerock Point Partners, LLC is $398.16 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $249.86 million in discretionary accounts and $148.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.27 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 34% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whalerock Point Partners, LLC 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 Whalerock Point Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Whalerock Point Partners is corporations or other businesses with 3 clients and $138.44 million of assets under management. Among the 6 most similar advisory firms, Whalerock Point Partners has the 2nd highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $398.16 million for 81 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.

Whalerock Point Partners doesn't advise any private funds.

Careers at Whalerock Point Partners, LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Edward Cavanagh	Chief compliance officer & partner	1 May 2006	Other	1385102
Bradley Page Dorman	Ceo & managing partner	1 May 2006	75% - 100%	3045195
Tyson Carter Reed	Partner	1 Dec 2014	Other	4512839
Nicholas Grave Trotman	Chief compliance officer	1 Feb 2017	Other	4283142

Based in Providence

The principal office where Whalerock Point Partners, LLC performs its advisory services is located at One Turks Head Place, Providence, RI 02903 2205, 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 401-228-7799 or by fax 401-228-7648. The normal business hours are 8:30 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at wrpoint.com/.