Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

Top Financial Advisors in Andover, MA

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Andover, Massachusetts

The Andover, Massachusetts area offers many options for financial advisor firms. Because it can be difficult to narrow down the best result, we’ve formed a list of the top investment management firms in the area. Our ranking assesses each firm from a holistic perspective, comparing assets under management (AUM), investment strategies, fee structures, advisory services and more. If you’d prefer an automated approach, consider SmartAsset's free financial advisor matching tool to connect with up to three advisors who serve your area.

Find a Fiduciary Financial Advisor

We match more than 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.
Free inital consultations. All advisors are fiduciaries.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 The Financial Advisors, LLC The Financial Advisors, LLC logo Find an Advisor

Read Review

$974,763,481 $50,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Asset allocation
  • Non-discretionary manager selection

Minimum Assets

$50,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
  • Asset allocation
  • Non-discretionary manager selection
2 Cox Capital Management, LLC Cox Capital Management, LLC logo Find an Advisor

Read Review

$286,036,701 No set account minimum
  • Financial planning
  • Portfolio management
  • Portfolio review

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Portfolio review

What We Use in Our Methodology

To find the top financial advisors in Andover, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.

The Financial Advisors

The Financial Advisors (TFA) is a fee-based firm offering a wide range of advisory services to individual and institutional clients. TFA’s client base consists of both non-high-net-worth individuals and high-net-worth individuals, as well as charitable organizations, pensions and profit-sharing plans, and businesses. 

The TFA team holds multiple financial certifications, including the the certified financial planner (CFP)certified public accountant (CPA), personal financial specialist (PFS), chartered retirement planning counselor (CRPC) and enrolled agent (EA). TFA generally requires a $50,000 minimum for prospective clients.

While the firm’s advisory fees include asset-based fees, hourly charges and fixed fees, some advisors can receive commissions for selling insurance. Despite the potential conflict of interest this induces, the firm is bound by fiduciary duty to act in clients' best interests.

The Financial Advisors Background

Owned by Richard L. Sumberg, Michael P. Kumph and Robert C. Miller, TFA was founded in 1992. The firm offers many different advisory services, including portfolio management, financial planning, pension consulting, selection of other advisors, asset allocation and non-discretionary manager selection. 

The firm has another office located in Newburyport, Massachusetts. 

The Financial Advisors Investment Strategy

TFA says on its website that the core of its investment philosophy is determining appropriate asset allocations and making tactical shifts as needed. Its investment approach is based on the belief that markets are reasonably efficient and that asset allocation decisions determine investors’ gross returns. The firm also has an investment committee that makes allocation and security selection decisions. 

The investment advice TFA provides focuses on long-term strategies which rely upon modern portfolio theory (MPT) — an investment philosophy that focuses on generating maximum returns for a given level of risk. Strategic asset allocation is the firm’s primary investment strategy, and it commonly utilizes no-load mutual funds and exchange-traded funds (ETFs).

Cox Capital Management, LLC

Cox Capital Management (CCM) is a fee-only firm with a client base of non-high-net-worth individuals, high-net-worth individuals, charitable organizations, businesses and REITs.

CCM doesn’t require a minimum account size for prospective clients.

As a fee-only firm, CCM's revenue comes from the advisory fees that clients pay. The firm's advisors do not sell insurance or financial products for commissions, unlike advisors at some fee-based firms.

Cox Capital Management Background

CCM was founded in 1997 and is owned by William John Cox, the company's managing member and chief compliance officer (CCO), and Ethan Brown, the firm's portfio manager. 

As its advisory services, CCM provides portfolio management, financial planning and portfolio review.

Cox Capital Management Investment Strategy

Cox Capital Management’s key strategies include equity income portfolios, income and growth portfolios, balanced portfolios, conservative portfolios, managed special portfolios and mutual fund alternatives. In its investment process, CCM employs several proprietary quantitative models that it uses to guide its portfolio management approach. 

The firm’s primary securities analysis methods include fundamental analysis, mutual fund/exchange-traded fund (ETF) analysis, quantitative analysis, technical analysis, cyclical analysis and charting analysis. CCM’s investment strategies are generally long-term focused, but the firm may also use alternative investments like hedge funds, private equity and venture capital.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.