The Watermill Group

RIASEC RegisteredEst. 2022
Total AUM
$178M
Discretionary
$178M
100% of AUM
Avg account
$9.9M
Accounts
18
Employees
13
Advisory reps
3

Firm details

Headquarters
Boston, Massachusetts
CRD number
163370
Registered since
July 22, 2022
Fee structure
Fixed Fees, Performance Based Fees, Other
Client types
  • Pooled Investment Vehicles100%
Services
Portfolio Management for Pooled Investment Vehicles

Firm profile

FINTRX

Overview

The Watermill Group is a privately held LLC that operates as a manager of pooled investment vehicles, primarily in private equity and select real estate strategies. The firm is SEC-registered (2022) and serves institutional clients rather than individual retail investors. It positions itself as a sponsor/GP and managing member of pooled funds rather than as a broad capital allocator, and it reports portfolio management responsibilities for its funds. Fee arrangements include fixed fees and performance-based fees, among other structures. The firm does not identify as an active ESG investor and is not registered as a multi-state adviser.

Assets & Accounts

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Owners & executives

1 of 1
  • Julia Karol

    President and COOCRD 6766528

Contacts

2 of 2
  • Steven Karol

    Steven Karol

    Managing Partner and FounderCRD 6045246

  • Benjamin Procter

    Benjamin Procter

    ​Senior PartnerCRD 6045295

Wealth teams

FINTRX

Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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Location

Primary office

Boston, MA

Suffolk

Location

Boston, MA

Headquartered in Boston, MA, anchoring the Boston-Worcester-Providence, MA-RI-NH-CT metro in the Northeast.

Metro area
Boston-Worcester-Providence, MA-RI-NH-CT
Region
Northeast
County
Suffolk
Address
321 Newbury St
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth