Advisory Business:
The Bollard Group, established in 1995 and located in Boston, Massachusetts, is a multi-family
office that provides investment advising; bookkeeping and other accounting services; income tax
advising and tax return preparation; financial and estate planning services; and other wealth
management and business advising services to its clients. Our clients primarily include high net
worth individuals, trusts, charitable foundations and client family-centric companies.
Spinnaker Capital LLC (“Spinnaker Capital”), established in 2000 and located in Boston, offers
private funds (hereafter “Spinnaker Funds”) to certain eligible clients to invest in one or more of
the following alternative investments: private equity, venture capital, hedge funds and real estate
investments. Spinnaker Capital LLC is an affiliate of The Bollard Group and sponsors certain
private funds. Spinnaker Capital LLC, as well as the other managing members of the related
private funds, are relying on The Bollard Group’s registration with the SEC as an investment
adviser.
References to the “Firm” shall include The Bollard Group, Spinnaker Capital and the other relying
advisers described in this Brochure.
Firm Ownership:
The Bollard Group is wholly owned by members of its senior management team and is controlled
by Anastasios Parafestas (the “Principal”). At present, there are no outside ownership interests of
the Firm.
Spinnaker Capital and each of the managing members of the Spinnaker Funds are wholly-owned
by the Principal.
Advisory Services Offered:
We provide both discretionary and non-discretionary investment advisory
and portfolio
management services to individuals, trusts, charitable foundations and companies. In providing
these services we tailor our advisory services to the individual needs of our clients. For each client,
we formulate an investment objective, direct and manage the investment and reinvestment of the
assets of the portfolio and provide portfolio performance and other reporting to the client. The
core of our investment advisory and portfolio management services includes the design and
implementation of equity portfolios, fixed income portfolios and highly liquid cash equivalent
positions to meet our clients’ individual needs. As part of our service, we allow clients to instruct
us in writing, if they wish to impose restrictions on investing in certain securities or types of
securities.
Where appropriate for the client, we offer access to alternative investments and through our related
person, Spinnaker Capital, an opportunity to invest in the Spinnaker Funds. These types of
investments involve additional risk and they will only be recommended when consistent with the
client’s stated investment objectives, tolerance for risk, suitability and liquidity. Please see Items
5 and 10 for additional information regarding the Spinnaker Funds and the types of fees associated
with an investment in a Spinnaker Fund.
At present, we do not provide portfolio management services in any wrap fee programs.
Assets Under Management:
As of December 31, 2023, the Firm had $5,662,841,000 in total assets under management. Of this
amount, $5,540,235,000 is managed on a discretionary basis and $122,606,000 is managed on a
non-discretionary basis.