9AT: NORTHEAST INVESTMENT MANAGEMENT INC

NORTHEAST INVESTMENT MANAGEMENT INC

other names

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Adviser Profile

As of Date	02/14/2025
Adviser Type - Large advisory firm
Number of Employees	26
of those in investment advisory functions	9
Registration	SEC, Approved, 10/02/1984

AUM^*	2,937,702,418 36.95%
of that, discretionary	2,881,275,173 37.81%
Private Fund GAV^*	0
Avg Account Size	1,839,513 32.14%
% High Net Worth	34.56% 16.55%
SMA’s	Yes
Private Funds	0
Contact Info	617 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Charitable organizations
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Reported AUM

3B 2B 2B 2B 1B 757M 378M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Top Holdings

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Stck Ticker594918104	Stock NameMICROSOFT CORP	$ Position$97,569,585	% Position5.00%	$ Change-11.00%	# Change0.00%
Stck Ticker023135106	Stock NameAMAZON.COM INC	$ Position$104,463,204	% Position5.00%	$ Change-14.00%	# Change-1.00%
Stck Ticker02079K305	Stock NameALPHABET INC CL A	$ Position$85,058,186	% Position4.00%	$ Change-19.00%	# Change0.00%
Stck Ticker22160K105	Stock NameCOSTCO WHOLESALE CORP	$ Position$89,334,339	% Position4.00%	$ Change2.00%	# Change-2.00%
Stck Ticker92826C839	Stock NameVISA INC CL A	$ Position$88,824,788	% Position4.00%	$ Change9.00%	# Change-1.00%
Stck Ticker30303M102	Stock NameMETA PLATFORMS INC CL A	$ Position$60,759,871	% Position3.00%	$ Change0.00%	# Change1.00%
Stck Ticker084670702	Stock NameBERKSHIRE HATHAWAY INC CL B	$ Position$73,513,453	% Position3.00%	$ Change17.00%	# Change-1.00%
Stck Ticker000375204	Stock NameABB LTD SP ADR	$ Position$38,465,503	% Position2.00%	$ Change-4.00%	# Change-1.00%

Brochure Summary

Overview

Northeast Investment Management, Inc. (“NIM”) is a corporation organized under the laws of the Commonwealth of Massachusetts with its office located in Boston. The company formed in 1984 as Guild, Monrad and Oates and reorganized in 1987 as Northeast Investment Management, Inc. As of January 1, 2023, the owners are John F. Francini, Jr. (20%), Richard G. Manoogian (20%), Nancy M. Mulligan (20%), Justin E. Oates (20%) and John R. Lawrie (20%) NIM provides investment advisory services on a discretionary and non-discretionary basis. For more information, see Item 16 – Investment Discretion. NIM tailors its portfolios to each client’s individual needs – be it to build, preserve or steward wealth. Clients may impose restrictions on investing in specific securities or types of securities. In addition to providing investment advisory services, NIM’s portfolio managers may provide estate-planning services and may serve as personal trustees. These services are included in the client’s investment counsel fee. NIM also provides ancillary services such as income

and gift tax preparation, estate settlement, bill paying and general consulting - for which a separate fee is charged (see Item 5 – Fees and Compensation). NIM’s investment advisory services are explained to the client in its Investment Counsel Agreement. The Agreement is ongoing but may be canceled by either party with thirty (30) days’ written notice to the other. NIM has been approved by RBC Wealth Management (“RBC”) to participate in a program that offers RBC clients the services of outside investment management firms. RBC clients who participate in this program are charged a single wrap fee by RBC that combines the costs of security transactions execution, custody of the assets and investment advisory services (see Item 5 – Fees and Compensation). The decision to use this type of service is made solely by the RBC broker and his or her client. As of December 31, 2022, Northeast Investment Management, Inc. had approximately $2.145 billion in assets under management; $2.091 billion discretionary and $54 million non-discretionary.