Description of Firm
Nutter Investment Advisors Limited Partnership ("Nutter Investment Advisors" or "NIA") has its roots in
the Boston law firm of Nutter, McClennen & Fish, LLP (the "Firm"), which has provided fiduciary
services to trusts, estates and individuals for more than 75 years. NIA was created in 1988 to offer
investment counseling services to individuals and institutions beyond the clients of the Firm. The Firm
is our sole owner.
NIA's principal office and place of business is located at Seaport West, 155 Seaport Boulevard,
Boston, MA 02210-2604. Our regular business hours are from 9:00 a.m. to 5:00 p.m., Monday through
Friday.
NIA manages investment portfolios on behalf of individuals, endowments and foundations. We
primarily use debt and equity securities (i.e., individual stocks and bonds) to tailor an investment
strategy that meets each client's specific needs and goals. We expect to hold securities for several
years but will sell when circumstances change, or we realize our investment thesis was wrong. As a
result, our portfolios tend to be fairly tax efficient.
Once these goals and objectives have been determined, a decision is made with the client as to the
best allocation of the client's assets. When this process is completed, Nutter Investment Advisors may
make determinations and recommendations as to the most appropriate securities for the client's
portfolio.
We offer discretionary portfolio management services. If you participate in our discretionary portfolio
management services, we require you to grant us discretionary authority to manage your account.
Subject to a grant of discretionary authorization, we have the authority and responsibility to formulate
investment strategies on your behalf. Discretionary authorization will allow us to determine the specific
securities, and the amount of securities, to be purchased or sold for your account without obtaining
your approval prior to each transaction. We will also have discretion over the broker or dealer to be
used for securities transactions, and over the commission rates to be paid. Discretionary authority is
typically granted by the investment advisory agreement you sign with our firm. You may limit our
discretionary authority (for example, limiting the types of securities that can be purchased or sold for
your account) by providing our firm with your restrictions and guidelines
in writing.
We may also offer non-discretionary portfolio management services. If you enter into non-discretionary
arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf
of your account. You have an unrestricted right to decline to implement any advice provided by our firm
on a non-discretionary basis.
IRA Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's
Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the
following acknowledgment to you. When we provide investment advice to you regarding your
retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I
of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable,
which are laws governing retirement accounts. The way we make money creates some conflicts with
your interests, so we operate under a special rule that requires us to act in your best interest and not
put our interest ahead of yours. Under this special rule's provisions, we must:
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•Meet a professional standard of care when making investment recommendations (give prudent
advice);
•Put your interests ahead of our own when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest.
We may benefit financially from the rollover of your assets from a retirement account to an account that
we manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees.
Descriptions of the educational background and employment history of our investment professionals
are included in the Brochure Supplement (Form ADV Part 2B), which is available from NIA upon
request.
As of December 31, 2023, NIA managed client assets totaling approximately $97,202,653 on a
discretionary basis and assets totaling approximately $2,328,438,633 on a non-discretionary basis.