Wellington Management Company Llp

CRD#106595
Investment Advisor Firm

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Learn more about Wellington Management Company Llp

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

    • Overview

    Wellington Management Company Llp operates as a financial advisor company that has its headquarters in Boston, Massachusetts. It oversees $1.5 trillion in assets under management over 1,705 client accounts, making it one of the largest investment advisory firms in the country by assets under management (AUM). It has a very large team, including 556 financial advisors. Wellington Management Company Llp is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as equities, bonds and options.

    Wellington Management Company Llp oversees 1,696 of the company's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes transaction judgments without requiring client approval. It also manages nine non-discretionary accounts totaling $85.4 billion in AUM. The firm administers roughly $873.9 million in assets for every client account. The average financial advisor at Wellington Management Company Llp manages about three client accounts, placing it among the most personalized firms in the country.

    The firm's main office is located at 280 Congress Street, Boston, Massachusetts 2210. The company is permitted to provide services to clients across 31 U.S. states and territories.

    Assets Under Management

    $1.5 trillion

    Number of Advisors

    556

    Disclosures

    No

    Office Location

    280 Congress Street
    Boston, MA 02210

    Wellington Management Company Llp by the Numbers

    Total Assets Under Management

    $1.5 trillion

    National Average: $9.0 billion
    Total Number of Employees

    1,922

    National Average: 71,771
    Total Number of Accounts

    1,705

    National Average: 4,329
    Average Account Size

    $873.0 million

    National Average: $2.1 million

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    Fee Structure

    Fees for financial management typically vary depending on the financial services offered. Fees billed by the firm can include the following fee types: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    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 26% of firms

      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.

    • 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 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

    The company works with a broad range of customers. The firm caters to banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, corporations and other. Out of its 1,705 clients, Wellington Management Company Llp's largest client group is pooled investment vehicles. About 44% of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 95.48%
    • Charitable Organizations - 4.52%

    * 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

    Wellington Management Company Llp 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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