Located in Boston, Massachusetts, The Bollard Group, LLC is a financial advisor firm with billions in assets under management (AUM). The firm offers services such as financial planning and portfolio management.
The Bollard Group Background
Formed in 1995, The Bollard Group is a multi-family office that provides investment advisory as well as other wealth management and business advisory services. The firm is wholly owned by members of its senior management team and is controlled by Anastasios Parafestas, who is the principal. There are currently no outside owners of the firm.
The Bollard Group Client Types and Minimum Account Sizes
The Bollard Group provides investment advice the following types of clients:
- High-net-worth individuals
- Trusts
- Estates
- Charitable organizations
- Corporations and other family-centric business entities
- Partnerships
- LLCs
The Bollard Group generally requires that each client maintains a minimum aggregate portfolio account size of $25 million. Exceptions can only be made at the discretion of the firm.
Services Offered by The Bollard Group
The Bollard Group provides investment advising, bookkeeping and other accounting services; income tax advising and tax return preparation; financial and estate planning services; as well as other wealth management and business advisory services to clients.
The firm provides both discretionary and non-discretionary investment advisory and portfolio management services to individuals, trusts, charitable foundations and companies. It tailors advisory services to the individual needs of clients. The core of its investment advisory and portfolio management services includes designing and implementing equity portfolios, fixed-income portfolios and highly liquid cash equivalent positions in order to meet client needs. If clients wish to impose restrictions on investing in any particular type of securities, the firm will work with them individually. The Bollard Group does not provide services in any wrap-free programs.
Spinnaker Capital LLC is an affiliate of Bollard and offers certain eligible clients the opportunity to invest in one or more of the following alternative investments: private equity, venture capital, hedge funds and real estate.
The Bollard Group Investing Philosophy
The Bollard Group uses a variety of methods of analysis to evaluate investment opportunities for clients. These methods include charting, fundamental analysis and technical analysis. The firm aims to use these to identify trends, financial worthiness and opportunities for capital appreciation of securities, of course, accounting for risk as well. The firm assesses each client's risk tolerance and develops an investment strategy based on that tolerance as well as other factors. The firm also uses a number of different approaches, including active management of domestic and global equity and fixed-income securities, options and futures, ETFs and more.
All potential and current clients are advised to keep in mind that no investment strategy guarantees against risk or loss.
Fees Under The Bollard Group
The firm is a fee-only investment advisor. Investment management fees are charged either as a percentage of AUM, or a combination of both. Fees are agreed upon with the client first.
In terms of fees based on AUM, these are generally charged at a yearly rate of 0.80% or less. The minimum annual fee for AUM is $75,000 and any exceptions to this may be made at the discretion of the firm. Hourly charges for services generally range from $70 to $1,000 based on the expertise and experience level of the advisor.
All fees are negotiable at the discretion of the firm. Fees and expenses may vary and additional fees may apply, so be sure to read agreements carefully and contact the firm if you have questions. Learn more about advisors' typical costs here.
What to Watch Out For
Within the past 10 years, The Bollard Group has not undergone any disciplinary or legal action deemed material to a client’s evaluation of its business integrity. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC). As an SEC-registered investment advisor, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times.
Opening an Account With The Bollard Group
To open an account with The Bollard Group, you can visit the firm's website or call (617) 720-5800.
All information is accurate as of the writing of this article.
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