Boston Common Asset Management is financial advisor fim based in Boston with more than $2.3 billion in assets under management (AUM). The firm's 13 advisors principally engage in investment portfolio management through a variety of different strategies, with a particular focus on socially responsible investing (SRI). These are largely based on equity investments in various market sectors and capitalizations. The firm also manages its own mutual funds and private commingled investment vehicles.
Boston Common Asset Management is a fee-only firm, as the entirety of its compensation comes from client-based fees. This is much different from a fee-based firm, which also receives outside forms of compensation like insurance commissions. By skipping out on such commissions, a fee-only firm like Boston Common Asset Management avoids many conflicts of interest.
Boston Common Asset Management Background
Boston Common Asset Management was founded in Boston in 2002 by Geeta Aiyer, the firm's president. Aiyer and her colleagues place an emphasis on impact investing and socially responsible investing. The firm is female-led and mostly owned by its employees, though Aiyer is the principal shareholder. Third-party holding company Rosemont Partners III, LP claims about a fifth of the firm's shares.
Of Boston Common's 13 financial advisors, 11 hold the chartered financial analyst (CFA) designation. There is also a certified financial planner (CFP) at the firm.
What Types of Clients Does Boston Common Asset Management Accept?
Boston Common manages accounts for high-net-worth individuals, investment companies, pooled investment vehicles, retirement plans and charitable organizations. Of the firm's almost 350 clients, 65% are individuals with a high net worth.
Boston Common Asset Management Minimum Account Size
The minimum account sizes at Boston Common Asset Management vary substantially by account type and investment strategy:
- Separate Accounts
- U.S. Core and Value Equity: $1,000,000
- Balanced and Multi-Asset: No specific minimum
- International (EAFE) and Global (ACWI): $5,000,000
- International (ACWI x U.S.): $10,000,000
- Emerging Markets (EM): $10,000,000
- Separate Small-Cap Equity: $5,000,000
- Mutual Funds
- Boston Common International Fund (BCAIX): $10,000
- Boston Common U.S. Equity Fund (BCAMX): $10,000
- Private Commingled Strategies
- Boston Common All Country International Equity: $2,000,000 (only available solely to accredited investors)
- Boston Common International Equity: $2,000,000 (only available solely to accredited investors)
- Boston Common International Catholic: $2,000,000 (only available solely to accredited investors)
- Boston Common International Sustainable Climate: $1,000,000
- Boston Common Sustainable Emerging Markets (EM): $1,000,000 (only available solely to accredited investors)
- Boston Common Global Catholic Positive Equity: $1,000,000 (only available solely to accredited investors)
- Boston Common Small-Cap: $250,000
The firm reserves the right to waive or negotiate any of these minimums.
Services Offered by Boston Common Asset Management
There are a wide range of financal services available through Boston Common Asset Management. The firm's portfolio management offerings include separate accounts, mutual fund management and private commingled strategies. It offers portfolio management on a discretionary basis for clients with AUM, but also provides non-discretionary consulting.
Boston Common Asset Management Investment Philosophy
Boston Common Asset Management places a strong emphasis on taking into account environmental, social and governance (ESG) criteria into their investing strategies. The firm begins its portfolio construction process by doing in-depth research on domestic and international equity markets. It looks at various market capitalizations, growth potential, debt and other factors. The firm constructs large data sets with the information its advisors compile, which it then uses to cross reference and flesh out client portfolios.
Fees Under Boston Common Asset Management
Boston Common has a different fee schedule for almost all of its accounts, strategies and mutual funds. Although they're shown in annual percentages, the firm charges fees on a quarterly basis.
|Boston Common Asset Management Fees|
|Strategy||Annual Fee Range|
|U.S. Core and Value Equity||0.30% - 0.90%|
|International (EAFE) and Global (ACWI)||0.30% - 0.90%|
|International (ACWI x U.S.)||0.45% - 0.95%|
|Emerging Markets||0.70% - 1.20%|
|Separate Small-Cap Equity||1.00% - 1.10% or negotiable|
|Separate International & International Value Accounts||0.70% - 1.00% or negotiable|
|Boston Common All Country International Equity||0.55% - 1.05%|
|Boston Common International Equity||0.50% - 1.00%|
|Boston Common International Catholic||0.50% - 1.00%|
|Boston Common International Sustainable Climate||0.55% - 1.05%|
|Boston Common Sustainable Emerging Markets (EM)||0.70% - 1.20%|
|Boston Common Global Catholic Positive Equity||0.55% - 1.00%|
|Boston Common Small-Cap||1.00% - 1.10%|
Opening an Account With Boston Common Asset Management
If you're interested in working with Boston Common Asset Management, you can go its website and submit a form at the bottom of the page. If you'd prefer to speak over the phone with a representative, call (617) 720-5557.
Where Is Boston Common Asset Management Located?
Boston Common Asset Management is located in Boston, Massachusetts at 200 State Street on the seventh floor (between Fanueil Hall and the Rose Kennedy Greenway). The firm has an additional office in San Francisco.
Tips for Financial Planning
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