Bay Colony Advisory Group, Inc. (Concord)

Name: Bay Colony Advisory Group, Inc.
Address: 86 Baker Avenue Extension, Concord, MA, 01742
Telephone: 978-369-7200

Bay Colony Advisory Group, Inc. is a large advisory firm based in Concord. It manages $376.85 million of regulatory assets for 1,562 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Connecticut, and 14 other states.

Bay Colony Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bay Colony Advisory Group: assets under management

The assets under management (AUM) of Bay Colony Advisory Group, Inc. is $376.85 million. The firm's AUM has grown by 274% since the beginning of its operation, and $4.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $350.93 million in discretionary accounts and $25.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.36 million.

Bay Colony Advisory Group has custody of $75 million in cash and securities for 80 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bay Colony Advisory Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Winthrop Ohl serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Winthrop Ohl is high net worth individuals with 270 clients and $187.18 million of assets under management. Among the 12 most similar advisory firms, Bay Colony Advisory Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $353.17 million for 711 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bay Colony Advisory Group doesn't advise any private funds.

Careers at Bay Colony Advisory Group, Inc.

The company employs 20 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Winthrop Ohl has been acting as President since 1 Dec 2009. Pamela Jean Bakos joined the executive team most recently as the Managing Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Winthrop Ohl	Ceo/president/chief compliance officer	1 Dec 2009	75% - 100%	1548196
James Clements Catacchio	Executive vice president/chief operations officer	1 Apr 2012	Other	4966526
Pamela Jean Bakos	Managing principal	1 Jan 2014	Other	1284479

Based in Concord

The principal office where Bay Colony Advisory Group, Inc. performs its advisory services is located at 86 Baker Avenue Extension, Concord, MA 01742, which is also the mailing address of the firm. An additional office of the firm is in Norwell, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-369-7200 or by fax 617-249-1807. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bcaprivatewealthmanagement.com and its LinkedIn profile.