Pallas Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Pallas Capital Advisors reports 1,221 clients. They include 747 individual clients and 474 high-net-worth individuals. Of its assets, 99.2% ($4.27B across 4,041 accounts) are managed with discretion; $36.3M across 169 accounts are not. A wrap fee program the firm both sponsors and manages holds $4.31B.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 61% | 15% |
| High-net-worth individuals | 39% | 85% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 747 | $648M | 15.0% | $867K |
| High-net-worth individuals | 474 | $3.64B | 84.5% | $7.69M |
| Pension and profit-sharing plans | Fewer than 5 | $2.3M | 0.1% | — |
| Charitable organizations | Fewer than 5 | $2.72M | 0.1% | — |
| Corporations and other businesses | Fewer than 5 | $14.4M | 0.3% | — |
| Total | 1,221 | $4.31B | 100% | — |
- Clients
- 747
- Regulatory AUM
- $648M
- AUM share
- 15.0%
- Avg. per client
- $867K
- Clients
- 474
- Regulatory AUM
- $3.64B
- AUM share
- 84.5%
- Avg. per client
- $7.69M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.3M
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $2.72M
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $14.4M
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 1,221
- Regulatory AUM
- $4.31B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Pallas Capital Advisors charges 0.25%–2.00% a year for its Wealth Management Services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Family Office Services
- Family office service fees range from $5,000 to $30,000 per year, paid quarterly in advance, asset-based or on a retainer.
- Financial Planning Services
- Financial planning is billed hourly at $300 to $500, or as a fixed fee from $1,500 to $20,000.
Mbe, LLC owns 75% or more of Pallas Capital Advisors and is in turn owned by Richard Mullen (25–50%), Gregory Boyle (25–50%) and Charles Evangelakos (25–50%). Richard Mullen is CEO; the leadership team includes President James Landry. It has 28 employees, 23 of them in advisory roles.
Leadership
- Richard MullenFounding Partner & Chief Executive Officer
- James LandryPresident / Chief Operating Officer / Director of Planning / Chief Compliance Officer
- Jack McCrokenChief Technology Officer & Vice President of Operations
- Gregory BoyleFounding Partner & Chief Growth Officer
- Charles EvangelakosManaging Director & Co-Founder
Investment adviser representatives
28 representatives listed in the SEC register as of 9 October 2026.
- Christopher Robert Adam Mr.
- Melissa Sue Alaimo
- Adam Alexander Avila
- Gregory Edward Boyle
- Anthony Paul Caputo
- Athol David Cochrane
- Joseph Arthur Cullen
- Charles Costa Evangelakos
- Jessica Michelle Frigon
- Peter James Gillis
- Ryner Lee Gorowsky
- Jason Richard Hughes
- Alex Kozlowski
- Andrew Paul Krout
- Stephen Eric Kylander
- Ali Danielle Laflamme
- Eric James Lalime
- James Christopher Landry
- Jack Andrew McCroken
- Richard Sholes Mullen
- Praveena R Naduthota
- Camden Link Newton
- Garret Mark Quillen
- Emily L. Richard
- Jackson Darcy Roberts
- Shannon Nicole Smith
- Todd Vandam
- Michael Stephen Vazza
Staff
- 28 employees
- 23 in advisory functions
- 23 state-registered reps
- 8 broker-dealer reps
- 8 insurance agents
- 4 soliciting firms
- Owns 75% or more of Pallas Capital Advisors, LLC
Mbe, LLC
Control person · since August 2021
- Owns 25% to 50% of Mbe, LLC
Richard Mullen
Control person · since June 2021
- Owns 25% to 50% of Mbe, LLC
Gregory Boyle
Control person · since June 2021
- Owns 25% to 50% of Mbe, LLC
Charles Evangelakos
Control person · since June 2021
Pallas Capital Advisors’ regulatory assets grew 6.0× from $720M (July 2021) to $4.31B (July 2026); clients rose from 162 to 1,221 and employees from 12 to 28.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $4.31B | 1,221 | 28 | 6 |
| June 2025 | $3.2B | 1,118 | 31 | 5 |
| June 2024 | $2.97B | 1,107 | 30 | 7 |
| March 2023 | $1.54B | 776 | 22 | 5 |
| July 2022 | $1.55B | 796 | 21 | 5 |
| July 2021 | $720M | 162 | 12 | 2 |
Besides its headquarters, Pallas Capital Advisors has 5 offices (2 private residences, listed without an address), with 4 listed addresses in Massachusetts, New Jersey and Rhode Island.
Massachusetts · 2 listed addresses
- 45 Braintree Hill Office Park, Suite 201, BraintreeHQ
- 701 Edgewater Drive, Wakefield
New Jersey · 1 listed address
- 1 Maynard Drive, Park Ridge
Rhode Island · 1 listed address
- 51 Long Wharf Mall, Newport
Contact and registration details
- Legal name
- Pallas Capital Advisors, LLC
- Headquarters
- 45 Braintree Hill Office Park, Suite 201, Braintree, MA 02184
- Website
- pallascapitaladvisors.com
- Phone
- 781-971-5052
- @pallas-capital-advisors
- SEC file
- 801-119646
- Structure
- Delaware LLC
- Fiscal year end
- December
Pallas Capital Advisors uses Fidelity ($4.03B) as custodian for its separately managed accounts. Pallas Capital Advisors has custody of $1.32B in client assets for 721 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $4.03B100%
At year end, Pallas Capital Advisors’ separately managed accounts were mostly in stocks (74%) and funds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $3.25B across 1,034 positions; the largest are Bruker Corp. (17.6%), Global Partners LP (2.5%) and Janus Detroit Str TR (2.3%).
What the accounts hold
- Stocks74%
- Exchange-traded equities72%
- Non-exchange-traded equities2%
- Funds12%
- Registered funds9%
- Pooled vehicles3%
- Bonds6%
- U.S. government and agency bonds2%
- State and local bonds2%
- Investment grade corporate bonds1%
- High-yield corporate bonds1%
- Cash8%
Reported 13F holdings
- $3.25B
- Reported 13F value
- 1,034
- Positions
- 33.9%
- In the 10 largest
- +22.2%
- Value vs. prior quarter
- Bruker Corp.17.6%
- Global Partners LP · Com Units2.5%
- Janus Detroit Str TR · Henderson Mtg2.3%
- Nvidia Corporation2.0%
- Apple Inc.1.9%
- Microsoft Corp.1.8%
- Amazon Com Inc.1.7%
- Alphabet Inc. · Cap Stk CL A1.6%
- Schwab Strategic TR · Fundamental Intl1.3%
- Dimensional ETF Trust · Internatnal Val1.2%
Together, the ten largest are 33.9% of reported value.
How many clients does Pallas Capital Advisors have?
Pallas Capital Advisors has 1,221 clients and manages $4.31 billion for them, as of July 2026. They include 747 individual clients and 474 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026
What services does Pallas Capital Advisors offer?
Pallas Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Pallas Capital Advisors charge?
Pallas Capital Advisors charges 0.25%–2.00% a year for its Wealth Management Services. The fee is billed in advance and is negotiable.
Which custodians does Pallas Capital Advisors use?
Pallas Capital Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $4.03B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026
How many financial advisors does Pallas Capital Advisors have?
Pallas Capital Advisors has 23 investment adviser representatives registered with state securities authorities, out of 28 employees, and 23 perform investment advisory functions. 8 employees are registered representatives of a broker-dealer and 8 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Pallas Capital Advisors invest in?
At the end of its last fiscal year, Pallas Capital Advisors’ separately managed accounts held 72% exchange-traded equities, 9% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 3% pooled vehicles (private funds and similar), 2% non-exchange-traded equities, 2% U.S. government and agency bonds, 2% state and local bonds, 1% investment grade corporate bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Pallas Capital Advisors?
Pallas Capital Advisors is owned through a holding company by Richard Mullen, Gregory Boyle and Charles Evangelakos. Its direct owner is Mbe, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026
How does Pallas Capital Advisors get paid?
Pallas Capital Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Pallas Capital Advisors?
Pallas Capital Advisors’ main office is at 45 Braintree Hill Office Park, Suite 201, Braintree, MA 02184. Its phone number is 781-971-5052. Its website is pallascapitaladvisors.com.