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Additional information |
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The Boston Company Asset Management, LLC (TBCAM) |
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Overview:
The Boston Company Asset Management, LLC, is a performance-driven active equity manager.
We build portfolios that are rooted in fundamental research, bottom-up stock selection, macro perspectives and risk controls appropriate for our client base. We are dedicated to fostering long-term, solutions-based relationships with our clients and earning their confidence through the consistent delivery of alpha across a wide range of equity offerings.
All of our strategies, including long-only and alternatives, are implemented with consistency and discipline, leveraging more than 40 years of history in equity investing. Our investment performance is based on a time-tested approach, coupled with the deep, broad-based experience of our investment professionals.
As a subsidiary of The Bank of New York Mellon Corporation, we are able to function with the nimbleness of a small boutique, empowered by the global scale and resources of our parent organization. Many of our investment strategies are also available through Dreyfus (retail investors) and BNY Mellon Wealth Management (high net worth investors). Non-US investors may also access our solutions via regional Investment Management offices |
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History:
Our history begins on May 8, 1865 when the Massachusetts House of Representatives approved a bill “to incorporate the Boston Company for Safe Deposit, with a capital of $200,000.” The name of the company was subsequently given as Boston Safe Deposit Company as the bill went on to Senate approval on the afternoon of May 15.
On April 13, 1867 the Boston Safe Deposit Company was incorporated, and although the corporate title was unchanged, the charter was broadened to cover a phase of trust activity, thus making history as the first trust company chartered to act as executor and administrator in the Commonwealth of Massachusetts.
It was not until 1874 that the legislature authorized the new corporation to change its name to Boston Safe Deposit and Trust Company. In 1875 company subscribers Francis Dane and Francis M. Johnson aggressively pressed the General Court for “power to act as administrator, executor, and in other fiduciary relations” and for permission to increase authorized capital stock to $1 million. Both requests were soon granted, paving the way for the Boston Safe Deposit and Trust Company to open its doors to the public in June of 1875.
With a salaried staff of eight, the company occupied the basement floor of a new office building erected at 87 Milk Street in Post Office Square. For 36 years the company flourished at this location. By 1899 trust assets had grown to $6.5 million and deposits to $9 million. Growth, resulting from the company’s reputation as one of the city’s leading financial institutions and corporate fiduciaries, demanded new quarters: a 10 story edifice that became home for the next 60 years.
Prosperity continued to favor Boston Safe. Under the leadership of Charles E. Rogerson from 1905 to 1932, the company experienced rapid growth, with trust assets increasing 300% during the 1920’s. The election of Ralph Lowell as president in 1943 marked the beginning of a new era for Boston Safe. Under his guidance, departments were reorganized and capabilities were added to meet the new demands of trust management. His successor in 1955 was William W. Wolbach. During his tenure as president, the foundation for the creation of The Boston Company in 1964 was laid with sophisticated equity research, comprehensive investment management, and financial strength. In 1970, The Boston Company Asset Management, LLC was established.
In September 1981, The Boston Company became a wholly-owned subsidiary of Shearson Lehman Brothers, Inc., an American Express Company. In 1993, Mellon Financial Corporation acquired The Boston Company, Inc. from Shearson Lehman Brothers. The acquisition strengthened Mellon's position as a leading provider of institutional asset management. On July 1, 2007, Mellon Financial Corporation merged with The Bank of New York Company to become The Bank of New York Mellon Corporation. Organized as a Limited Liability Company (LLC), The Boston Company is run independently of our parent company. |
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KEY Facts:
Total Assets Under Management - $46.1 Billion
Total Clients - 198
Total Staff - 227
Total Investment Professionals - 84 |
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Asset Under Management:
$46.1 Billion (September 30, 2013) |
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