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Trillium Asset Management Review

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Trillium Asset Management, LLC

Trillium Asset Management, LLC's founder, Joan Bavaria, has long been regarded as the "Founding Mother" of Socially Responsible Investment, particularly due to the firm's integration of environmental, social and governance factors in its investment process.

Trillium is a Boston-based investment management firm mainly focused on socially responsible investing (SRI). The firm offers socially conscious investment management for both individuals and institutions, as well as separate advisory services for other financial advisor firms. There are 22 financial advisors who manage the firm’s $3.3 billion in client assets.

Trillium is a fee-only firm, meaning its compensation is based solely on a percentage of clients’ assets under management (AUM). This means that, unlike a fee-based firm, it does not receive any income from outside sources like insurance commissions.

Trillium Asset Management Background

Joan Bavaria founded Trillium Asset Management in 1982 as one of the first investment firms to focus entirely on SRI, sustainability and social responsibility. After her death in 2008, Matt Patsky took over as CEO and has occupied the position ever since. He is a chartered financial analyst (CFA) and has worked in the financial services industry for more than 30 years.

The investment professionals employed at Trillium hold a number of advisory certifications. This list includes multiple CFAs, certified public accountants (CPAs) and certified financial planners (CFPs), as well as a single certified European financial analyst (CEFA).

Trillium Asset Management Client Types and Minimum Account Sizes

Trillium works with a wide variety of clients, including individuals, high-net-worth individuals, trusts, pension plans, profit-sharing plans, Taft-Hartley plans, charitable institutions, for-profit and non-profit institutional clients, foundations, endowments, registered mutual funds, pooled investment vehicles, private investment funds and trust programs. Of Trillium’s 1,400 client accounts, about 82% belong to individuals (either with or without a high net worth).

The minimum size for a managed account at Trillium is typically $3 million. However, it does provide some services for individuals or institutions that do not meet that requirement.

Services Offered by Trillium Asset Management

Trillium offers investment management services that align with its mission to invest in a socially responsible and sustainable manner. It does this through a collection of investment strategies that are designed to focus on specific securities or sectors of the market. However, each client will receive customized services, ensuring their personal characteristics are taken into account.

Trillium Asset Management Investment Philosophy

Trillium uses an investing approach that’s focused on environmental, social and governance (ESG) factors. As such, it stays away from investing in sectors like fossil fuels, nuclear power, military weapons systems and tobacco. The firm believes that by investing in sustainability and social responsibility, it can generate stronger returns for its clients, mitigate risks and create a better future for their portfolios and for the world as a whole.

To achieve the best results possible, Trillium seeks to combine several sources of investment research with intense risk management. It uses a combination of equities, fixed-income securities, mutual funds and cash to create clients’ portfolios. The firm provides a number of specific investment strategies:

  • Large-cap core
  • All-cap core
  • Small- & mid-cap core
  • Global equity
  • Fossil fuel-free core
  • Sustainable opportunities
  • Growth and income
  • Fixed-income
  • Private equity, debt, real estate and loans

Trillium Asset Management Fees

Trillium has a particularly simple fee schedule. Accounts under $5 million are subject to a 0.85% annual fee, while accounts over $5 million pay a 0.50% annual fee.

All fees are calculated and owed in advance on a quarterly basis. If your portfolio invests in any funds that are managed by Trillium, the firm will not charge you any additional management fees.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Trillium Asset Management*
Your Assets Trillium Asset Management Fee Amount
$500K N/A
$1MM N/A
$5MM $25,000
$10MM $50,000

What to Watch Out For

Trillium Asset Management does not have any disclosures listed on its Form ADV. However, it’s important to note that Trillium’s services are limited to investment management.

So if you’re looking for an advisory firm to help with retirement planning, estate planning or another area of financial planning, you won’t find such services here. To find an advisor in your area that does offer financial planning services, try SmartAsset’s free matching tool.

Opening an Account With Trillium Asset Management

To open an account with Trillium Asset Management, you’ll first need to be approved. Go online to Trillium’s website to contact a representative that can help you take the first steps towards opening an account. If you prefer working over the phone, you can call the firm at (617) 423-6655.

Tips for Financial Planning

  • Want a financial advisor who offers financial planning services? Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors, get started now.
  • Wondering how your investments will grow over the years? Use SmartAsset’s investment calculator to help you project the growth of your nest egg.

All information is accurate as of the writing of this article. 

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research