New England Research & Management

New England Research & Management

Founded in 1978, New England Research & Management is a Chicago-based registered investment adviser that has maintained a low-profile, high-touch practice for over 45 years. The firm's founding generation established it as an independent wealth manager, and its continued operation under the same name and regulatory umbrella suggests either founder continuity or a deliberate internal succession — though neither has been publicly documented. The firm's strategy centers on discretionary portfolio management for individuals, high-net-worth clients, and foundations. Its regulatory filings indicate it provides financial planning services alongside asset management, a bundled advisory model common among independent RIAs serving taxable investors. The geographic focus appears concentrated in the Midwest, with Illinois as the anchor market. Without public 13F or ADV Part 2 disclosure analysis, the portfolio construction approach — active security selection versus strategic asset allocation — remains unverifiable. The firm's scale is modest by industry standards. Public records do not disclose assets under management, team size, or additional office locations. The absence from major RIA ranking platforms and institutional databases indicates it operates below the $300 million threshold that triggers broader reporting visibility. No adjacent vehicles — philanthropic foundations, real-asset arms, or club-investment structures — have been identified in public filings or press. What distinguishes New England Research & Management structurally is its endurance. A 45-plus-year independent RIA that has not rolled up, rebranded, or sold to a consolidator sits outside the dominant narrative of wealth-management M&A. That persistence implies a stable client base and a governance structure — likely founder-led or family-controlled — that has resisted the liquidity events that reshaped much of the industry since 2005. The firm's continued use of a New England moniker despite its Chicago headquarters adds an idiosyncratic marker to an otherwise deliberately quiet operation.