Upromise Investment Advisors, LLC (Newton)


Upromise Investment Advisors, LLC is a large advisory firm based in Newton. It manages $19.67 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arkansas, Colorado, Connecticut, and 14 other states.

Upromise Investment Advisors provides portfolio mgmt including review of allocations, & selection of underlying funds for qualified tuition programs (529 plans). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Upromise Investment Advisors: assets under management

The assets under management (AUM) of Upromise Investment Advisors, LLC is $19.67 billion. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


Upromise Investment Advisors has custody of $19.67 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Upromise Investment Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Upromise Investment Advisors, LLC

James John Fadule has been acting as President since 1 Aug 2002. Inc. Ascensus joined the executive team most recently as the 100% Shareholder.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. Up Investment Manager 1 May 2002 75% - 100% 04-352510
Inc. Ascensus College Savings Managing member 1 May 2002 75% - 100% 04-3525107
Patrick William Mckeon Chief compliance officer 1 Aug 2002 Other 3037902
James John Fadule President 1 Aug 2002 Other 4260252
Kevin Douglas Cox Chief operating officer/senior vice-president 1 Mar 2004 Other 2739370
Peter James Angus Senior vice-president 1 Dec 2004 Other 4641114
Derek Anthony Delorenzo Vice-president 1 Jun 2006 Other 2426671
Christian Charles Reimer Designated muncipal fund & investment co. variable contract principal 1 Feb 2007 Other 2677030
Mark Andrew Chapleau President 1 Mar 2008 Other 4879027
Jeffrey Paul Howkins Chief executive officer & chief operating officer 1 Apr 2010 Other 4878950
Kathleen Mary Borowy Chief financial officer 1 Apr 2010 Other 2899815
Alyssa Duffy General counsel 1 Apr 2010 Other 4917358
Peter Francis Flynn Interum chief compliance officer 1 Nov 2011 Other 2655124
George Robert Bristow Chief compliance officer 1 Jan 2012 Other 1187520
Sandra Irene Madden General counsel/senior vice-president/secretary 1 Apr 2012 Other 3174328
John Joseph Mulkern Financial & operations principal/assistant treasurer 1 Sep 2012 Other 4197230
Monica M Poirier Chief financial officer/treasurer 1 Sep 2012 Other 2687080

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Upromise Shareholder- 100% 1 Apr 2000 75% - 100% 04-3507411
Inc. Jcf Ascensus Holdings Managing member 1 Aug 2005 75% - 100% 20-3648416
Slm Corporation 100% shareholder 1 Aug 2006 75% - 100% 52-2013874
Llc Ajcf Holdings 100% shareholder 1 Jun 2007 75% - 100% 26-0508434
Ajcf Corp. 100% shareholder 1 Jun 2007 75% - 100% 26-0512038
Inc. Ascensus 100% shareholder 1 Dec 2013 75% - 100% 11-3665754

Based in Newton

The principal office where Upromise Investment Advisors, LLC performs its advisory services is located at 95 Wells Avenue, Newton, MA 02459, which is also the mailing address of the firm. An additional office of the firm is in Kansas City, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-454-6400 or by fax 617-454-6353. The normal business hours are 8:00am - 5:00pm on Monday - Friday.