Geode Capital Management, LLC

CRD#115504
Investment Advisor Firm

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Learn more about Geode Capital Management, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Geode Capital Management, LLC operates as a financial advisory firm based in Boston, Massachusetts. Geode Capital Management, LLC has $945.5 billion in assets under management across 831 customer accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). The company has a large group, including 46 financial advisors. Geode Capital Management, LLC is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, bonds and equities.

    Geode Capital Management, LLC oversees all of the firm's client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell choices without needing client approval. The company oversees an average of $1.1 billion for each customer account. The average financial advisor at Geode Capital Management, LLC oversees about 18 client accounts, making it one of the more personalized advisor firms in the country.

    The company's main office is at 100 Summer Street, Boston, Massachusetts 2110. It is legally allowed to serve clients in the state of Massachusetts.

    Assets Under Management

    $945.5 billion

    Number of Advisors

    46

    Disclosures

    No

    Office Location

    100 Summer Street
    Boston, MA 02110

    Geode Capital Management, LLC by the Numbers

    Total Assets Under Management

    $945.5 billion

    National Average: $9.0 billion
    Total Number of Employees

    141

    National Average: 71,771
    Total Number of Accounts

    831

    National Average: 4,329
    Average Account Size

    $1.1 billion

    National Average: $2.1 million

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    Fee Structure

    A financial advisor's fees depend on the financial services offered. However, fees billed by Geode Capital Management, LLC can include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

    Available

    • Offered by 70% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 33% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    Geode Capital Management, LLC does business with a broad range of clients. The firm works with retail investors, high net worth investors, investment companies, pooled investment vehicles and corporations. Out of its 831 customers, Geode Capital Management, LLC's largest client group is retail investors, though it also manages money for 49 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 11% of the company's accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 6.84%
    • Other Individuals - 69.69%
    • Corporations - 23.46%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Geode Capital Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

    Back to Overview
    Back to Overview

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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