Natixis is a fee-based financial advisor firm in Boston, Massachusetts advising more than 16,000 individual investors, more than 6,000 of whom are high-net-worth accounts. The firm also advises a number of institutional clients. All in all, the firm manages more than $21.23 billion dollars for its clients.
Natixis Advisors, L.P. Background
Natixis was founded in 1995. Natixis Advisors is an indirect subsidiary of Natixis Investment Managers, L.P., which is an indirect subsidiary of Natixis Investment Managers, which is an international asset management group based in Paris, France. Natixis IM, in turn, is owned by Natixis, a French investment banking and financial services firm. Natixis is principally owned by BPCE, France’s second largest banking group.
What Types of Clients Does Natixis Investment Managers Accept?
Most of Natixis’ clients are individual investors, with the majority being non-high-net-worth. The firm also has a healthy business with institutional clients, including banking or thrift institutions, investment companies, pension and profit-sharing plans, charitable organizations and corporations.
Natixis Advisors, L.P. Minimum Account Sizes
The minimum account size at Natixis generally depends on the individual advisor. The minimum for unbundled services in the managed account program is $250,000.
Services Offered by Natixis Advisors, L.P.
A variety of services are offered by Natixis Advisors. This includes:
- Investment advisory services
- Investment company advisory
- Managed accounts
- Discretionary and non-discretionary investment advice
Advisors at Natixis use various investment strategies to put together winning portfolios for clients. Various types of analysis are used to put together the best possible combinations -- this includes charting, fundamental analysis, cyclical analysis and charting analysis.
The breakdown of asset types for money invested with Natixis is as follows:
- Stocks (exchange-traded and non-exchange-traded): 60%
- U.S. government/agency bonds: 4%
- U.S. state and local bonds: 5%
- Investment grade corporate bonds: 7%
- Mutual funds: 31%
- Cash and cash equivalents: 3%
Fees Under Natixis Advisors, L.P.
Natixis does not provide a standardized fee schedule for investment advisory services. It does give some general information about what the fees might look like for participants in its various programs:
Investment companies pay a percentage of assets under management, with each account’s percentage individually negotiated.
Managed accounts have two options: bundled and unbundled. Bundled customers pay a single fee that covers investment advisory service, custody fees, brokerage, accounting, sponsor due diligence and other services. The rate is negotiated between Natixis and the bundled program sponsor. Unbundled customers simply pay a fee for investment advice and pay other fees separately.
Generally, all fees for investment advice are based on a percentage of assets under management. Clients may also pay commissions for advisors for broker-dealer services, which represents a conflict of interest (explained in full below).
What to Watch Out For
As noted above, some advisors at the firm may earn commissions for buying and selling securities, specifically Natixis products. This is a conflict of interest as the advisors will have a financial motivation to sell you securities that earn them a higher commission regardless of whether or not it is the best for you. When acting as an advisor they must act in your best interest, but it is still good to know that your securities purchases may earn commissions for your advisor.
Natixis does have disclosures on its record, explained in full below.
Natixis’ SEC filings note one disclosure, for having had a domestic or foreign court find that the firm have been involved in a violation of investment-related statutes or regulations.
Where Is Natixis Advisors, L.P. Located?
The firm’s headquarters are located at 888 Boylston Street, Boston, Massachusetts 02119. There is also an office in San Francisco.
Opening an Account With Natixis Advisors, L.P.
To open an account with Natixis, you can contact the firm through this contact page. You can also contact the main office at 617-449-2100 and ask to be connected to the relevant department.
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