NORTHEAST INVESTMENT MANAGEMENT INC other names

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Adviser Profile

As of Date:

02/28/2024

Adviser Type:

- Large advisory firm

Number of Employees:

26

of those in investment advisory functions:

9

Registration:

SEC, Approved, 10/2/1984

AUM:

2,512,259,817 17.11%

of that, discretionary:

2,458,979,095 17.61%

Private Fund GAV:

0

Avg Account Size:

1,628,166 16.96%

% High Net Worth:

32.60% 9.92%

SMA’s:

YES

Private Funds:

0

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
3B 2B 2B 2B 1B 757M 378M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Top 5 3rd Quarter Trades of NORTHEAST INVESTMENT MANAGEMENT
10/28/2022

Related Stocks: ECL, SHW, BX, VIG, META,

gurufocus.com

Northeast Investment Management Buys SVB Financial Group, ASML Holding NV, ServiceNow Inc, ...
11/08/2021

Related Stocks: SIVB, ASML, NOW, TGT, EL, CSCO, VGK, CRWD, VTR, DKNG, ADBE, WMB, JBLU, AON, CHRW, WBA, CHTR,

gurufocus.com

Northeast Investment Management Buys Vanguard ESG International Stock ETF, ASML Holding NV, ...
08/20/2021

Related Stocks: ASML, DE, BX, PFE, PTON, NOW, VSGX, ESGV, EBC, ANTM, EGP, SMAR, GE, BIL, VAR, UCBI, DKNG, CB,

gurufocus.com

Private Funds

No private funds

Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
67066G104 NVIDIA CORP $166,730,703 8.00% 31.00% 859.00%
037833100 APPLE INC $142,485,456 7.00% 22.00% 0.00%
02079K305 ALPHABET INC CL A $103,044,987 5.00% 20.00% -1.00%
023135106 AMAZON.COM INC $108,142,893 5.00% 6.00% -1.00%
594918104 MICROSOFT CORP $116,259,404 5.00% 7.00% 1.00%
22160K105 COSTCO WHOLESALE CORP $83,023,393 4.00% 15.00% -1.00%
084670702 BERKSHIRE HATHAWAY INC CL B $57,154,056 3.00% -4.00% -1.00%
92826C839 VISA INC CL A $68,447,714 3.00% -7.00% -1.00%
907818108 UNION PACIFIC CORP $44,447,646 2.00% -9.00% -2.00%
883556102 THERMO FISHER SCIENTIFIC INC $48,085,572 2.00% -5.00% -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.