Woodstock Corporation (Boston)

Name: Woodstock Corporation
Address: 101 Arch Street, Boston, MA, 02110
Telephone: 617-227-0600

Woodstock Corporation is a large advisory firm based in Boston. It manages $675.85 million of regulatory assets for 440 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Massachusetts, New York, and Texas.

Woodstock Corporation provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Woodstock Corporation: assets under management

The assets under management (AUM) of Woodstock Corporation is $675.85 million. The firm's AUM has gone down by -50% since the beginning of its operation, and $5.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $673.93 million in discretionary accounts and $1.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.54 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.92 million.

Woodstock Corporation has custody of $488.08 million in cash and securities for 140 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Woodstock Corporation for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward Alan Benjamin serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Edward Alan Benjamin is high net worth individuals with 118 clients and $610.6 million of assets under management. Among the 10 most similar advisory firms, Woodstock Corporation has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $653.83 million for 183 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Woodstock Corporation doesn't advise any private funds.

Careers at Woodstock Corporation

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Edward Alan Benjamin has been acting as President since 1 Oct 2003. Sagamore Operations & Management Llc joined the executive team most recently as the Stockholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
M.F. Lacroix Trust Fbo R. Darling Et Al	Stockholder.	1 Feb 1968	25% - 50%	04-6012842
M.F. Lacroix Trust Fbo S. Phippen Et Al	Stockholder.	1 Feb 1968	25% - 50%	04-6012840
M.F. Lacroix Trust Fbo J. Crocker Et Al	Stockholder	1 Feb 1968	Other	04-6012841
Susanne Lacroix Phippen	Director.	1 Feb 1968	Other	4393587
Francis Ward Paine	Director and trustee of stockholders.	1 Feb 1968	Other	4393588
M.F. Lacroix Trust Fbo E. Dabney Et Al	Stockholder.	1 Feb 1968	Other	04-6012839
M.P. Newell Trust	Stockholder.	1 Feb 1968	Other	04-6186890
L.D. Paine Trust	Stockholder.	1 Feb 1968	Other	04-6155917
Paine Revocable Trust	Stockholder.	1 Feb 1968	Other	04-6505258
M.J. Paine Trust	Stockholder.	1 Feb 1968	Other	04-6027787
Michael Jackson Paine	Trustee of stockholder.	1 Feb 1968	Other	4393777
John George Gahan	Vice president and trustee of stockholders.	1 Jul 1970	Other	4393512
Leslie Allen Ferlazzo	Director, chairman, chief executive officer and trustee of stockholders.	1 Feb 1983	Other	2826197
Edith Lacroix Dabney	Director and trustee of stockholder.	1 Feb 1983	Other	4393585
Linda May Chin	Vice president, chief financial officer, and clerk.	1 Sep 1984	Other	4376509
Martha Paine Newell	Director and trustee of stockholder.	1 Jul 1986	Other	4393591
Henry Paine Phippen	Director and trustee of the morris f. lacroix trusts fbo r.l. darling, s.l. phippen et al	1 Jun 1987	75% - 100%	4393533
Nelson J Darling	Trustee of stockholder.	1 Jun 1987	Other	61050
Peter Charles Hartzel	Senior vice president	1 Aug 1988	Other	4393542
John Todd Crocker	Trustee of the m.f. lacroix trust fbo j. crocker et al	1 Jul 1989	Other	4393527
Benjamin Gardner Dawson	Trustee of stockholders.	1 Oct 1989	50% - 75%	1173024
Christopher Ward Paine	Trustee of stockholder.	1 May 1991	Other	4394012
Charles Thomas Casazza	Director, president and chief investment officer.	1 Jul 1991	Other	817587
William Henry Darling	President, director and trustee of the m. f. lacroix trusts fbo ruth l. darling et al & susanne l. phippen et al.	1 Jul 1992	75% - 100%	4393529
Thomas John Leapasio	Treasurer and assistant clerk.	1 Jul 1992	Other	4393519
Thomas John Lespasio	Treasurer and assistant clerk.	1 Jul 1992	Other	4393519
Mary Pearson Paine	Trustee of stockholder.	1 Apr 1993	Other	4393773
John Sanders Goldthwait	Director and executive vice president.	1 Mar 1994	Other	4393458
Charles Robert Richey	Trustee of the mf lacroix trust fbo j crocker et al	1 Jun 1995	Other	4393839
John Hilton Knowles	Director and trustee of stockholder.	1 Aug 1997	Other	4393537
Susan Gaukler Zimmerman	Senior vice president, director of research.	1 Aug 1997	Other	4393549
Lucy Crocker Abisalih	Trustee of the m.f. lacroix trust fbo j crocker et al	1 Oct 1997	Other	4393827
Timothy Paine Newell	Trustee of stockholder.	1 Oct 1997	Other	4393976
Thomas Charles Abisalih	Vice president, chief information officer.	1 May 1998	Other	4376503
Robert Munroe Knowles	Trustee of stockholder.	1 Jun 1998	Other	4393848
Robert Stuart Mckenzie	Vice president.	1 Jan 1999	Other	4393552
David Witherspoon Scudder	Director.	1 May 1999	Other	4393569
Paul Joseph Donovan	Vice president.	1 May 1999	Other	4393559
Roger Knox Foulkes	Senior vice president	1 Jul 2000	Other	2256891
Julius Atwood Ives	Director.	1 Sep 2000	Other	4393573
Thomas Charles Abisalih	Stockholder, senior vice president, chief financial officer, and clerk	1 Oct 2001	Other	4376503
Jeanne Lacroix Crocker	Stockholder	1 Feb 2003	Other	4393769
Paul Dunleigh Simpson	Director and trustee of the m. f. lacroix trusts fbo ruth l. darling et al & susanne l. phippen et al.	1 Mar 2003	75% - 100%	4393464
William Henry Darling	Chairman, president	1 Mar 2003	Other	4393529
Thomas Charles Stakem	Vice president	1 Apr 2003	Other	2440509
Marie Elena Gillespie	Senior vice president, chief compliance officer, treasurer	1 May 2003	Other	4681525
Peter Charles Hartzel	Senior vice president	1 Jul 2003	Other	4393542
Roger Knox Foulkes	Senior vice president	1 Jul 2003	Other	2256891
Polly Wroe Knowles	Trustee of morris f. lacroix trust fbo edith l. dabney et al.	1 Jul 2003	Other	5176584
Scott Adam Farber	Vice president	1 Aug 2003	Other	4759458
Edward Alan Benjamin	Director	1 Oct 2003	Other	4759471
David Bigelow Crocker	Trustee of the mf lacroix trst fbo j crocker et al	1 Jun 2004	Other	1927739
Adrian Gregory Davies	Chief operating officer, chief investment officer	1 Mar 2013	Other	6219281
Sagamore Operations & Management Llc	Stockholder	1 Dec 2016	75% - 100%	81-4836873
Sagamore Operations & Management Company Llc	Stockholder	1 Dec 2016	75% - 100%	81-4836873
Sagamore Operations & Management Llc	Stockholder	1 Jan 2017	75% - 100%	81-4836873

Indirect Owners

The SEC currently registers 23 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Henry Paine Phippen	Trustee	1 Jan 1985	Other	4393533
William Henry Darling	Trustee	1 Jan 1985	Other	4393529
William Lacroix Phippen	Trustee	1 Jan 1985	Other	6744204
Henry Paine Phippen	Trustee	1 May 1985	Other	4393533
William Henry Darling	Trustee	1 Jan 1992	Other	4393529
Henry Paine Phippen	Trustee	1 Jan 1992	Other	4393533
Nelson J Darling	Trustee	1 Jan 1992	Other	61050
Thomas Ward Darling	Trustee	1 Jan 1992	Other	6744194
Sarah Darling Pruett	Trustee	1 Jan 1992	Other	6744198
Thomas Ward Darling	Trustee	1 Oct 2001	Other	6744194
William Henry Darling	Trustee	1 Oct 2003	Other	4393529
Sarah Darling Pruett	Trustee	1 Nov 2009	Other	6744198
William Lacroix Phippen	Trustee	1 Jun 2010	Other	6744204
The Ruth Lacroix Darling 1992 Appointive Property Trust	Member	1 Dec 2016	50% - 75%	46-6657631
The Susanne Lacroix Phippen 1985 Appointive Property Trust	Member	1 Dec 2016	50% - 75%	04-6530752
William Henry Darling	Elected manager	1 Dec 2016	Other	4393529
Henry Paine Phippen	Elected manager	1 Dec 2016	Other	4393533
Paul Dunleigh Simpson	Elected manager	1 Dec 2016	Other	4393464
The Ruth Lacroix Darling 1992 Appointive Property Trust	Member	1 Jan 2017	50% - 75%	46-6657631
The Susanne Lacroix Phippen 1985 Appointive Property Trust	Member	1 Jan 2017	50% - 75%	04-6530752
William Henry Darling	Elected manager	1 Jan 2017	Other	4393529
Henry Paine Phippen	Elected manager	1 Jan 2017	Other	4393533
Paul Dunleigh Simpson	Elected manager	1 Jan 2017	Other	4393464

Based in Boston

The principal office where Woodstock Corporation performs its advisory services is located at 101 Arch Street, Boston, MA 02110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-227-0600 or by fax 617-523-0229. The normal business hours are 8:45 a.m to 4:45 p.m. on Monday - Friday. You can find more information about the New York firm at woodstockcorp.com.