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The Top Financial 6 Advisors in Concord, MA

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Finding the Top Financial Advisor Firms in Concord, MA 

It may be challenging to find a financial advisor in Concord, Massachusetts. The search can involve a lot of phone calls and research into complex documents filled with financial jargon. But don’t worry. We did the hard work for you. We conducted in-depth research on such key factors as account minimums, services offered and the qualifications of the advisors they employ. Read on for the top six financial advisor firms in the area. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Twelve Points Wealth Management Twelve Points Wealth Management logo Find an Advisor

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$352,040,659 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
2 Monument Group Wealth Advisors Monument Group Wealth Advisors logo Find an Advisor

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$276,909,117 $1 million
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$1 million

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
3 Thompson Wealth Management Thompson Wealth Management logo Find an Advisor

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$266,586,966 $750,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

$750,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
4 Darrow Wealth Management Darrow Wealth Management logo Find an Advisor

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$165,778,471 $500,000
  • Financial planning services
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
5 Concordia Wealth Management Find an Advisor

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$144,180,766 No set account minimum
  • Financial planning services
  • Portfolio management
  • Family office services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Family office services
6 Craig Duvarney, CFP Craig Duvarney, CFP logo Find an Advisor

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$134,761,367 $750,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

$750,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services

How We Found the Top Financial Advisor Firms in Concord, MA

We began by compiling data on all financial advisor firms based in Concord, Massachusetts and registered with the Securities and Exchange Commission (SEC). We then removed firms that have faced disciplinary action within the past 10 years. We also eliminated advisory groups that did not provide financial planning or whose client base was less than 50% individual accounts. Finally, we ranked what was left on the list, from largest to smallest, based on assets under management.

Twelve Points Wealth Management

Twelve Points Wealth Management

Twelve Points Wealth Management is a fee-based financial advisor managing more than $352 million in assets. Clients of the firm are mostly non-high-net-worth individuals, with around a dozen high-net-worth clients as well. Institutional clients include pooled investment vehicles, pension and profit sharing plans and charitable organizations.

There are five advisors on staff. That includes four accredited financial planners (AIFs), two certified financial planners (CFPs), one chartered advisor in philanthropy (CAP), one certified divorce financial analyst (CDFA), one certified plan fiduciary advisor (CPFA) and one certified private wealth advisor (CPWA). The firm does not provide a minimum account size.

Fees for investment management are based on a percentage of assets under management and are generally bundled with broker-dealer, custodial and clearing expenses through a wrap fee. Financial planning services are either billed at a flat rate, generally $2,500, or billed hourly for between $400 and $1,000. Some advisors may earn commissions for selling insurance or securities. This is a conflict of interest, but advisors must act in your best interest when serving in an advisory capacity. 

Twelve Points Wealth Management Background

The firm was founded in 2014. The principals are Francesca Federico and Manny Frangiadakis, while the third co-founder Dave Clayman serves as CEO.

The firm’s services include investment management, financial planning, portfolio management and retirement plan advising.

Twelve Points Wealth Management Investment Strategy

Advisors at Twelve Points use charting, fundamental and technical analysis to build client portfolios. They tend to use a tactical asset-allocation strategy, which generally means investing in a mix of stocks, bonds, life insurance, annuities and options-securities.

Monument Group Wealth Advisors

Monument Group Wealth Advisors

Monument Group Wealth Advisors has two advisors on staff, a small team that includes one chartered financial advisor (CFA) and one certified financial planner (CFP), plus a tax expert who is an enrolled agent (EA).

The firm manages more than $276 million. Clients are mostly high-net-worth individuals, with just around 20% of individual clients not clearing the high-net-worth hurdle. There are no institutional clients at the firm.

Monument Group is a fee-only firm, so you won’t pay any commissions to the advisors. Fees for wealth management and investment management are generally based on a percentage of assets under management while fees for financial planning are fixed. The minimum account size is $1 million.

Monument Group Wealth Advisors Background

The firm was founded in 2001. It is owned by Byron E. Woodman, Jr., who serves as president, and Lee C. McGowan, who serves as managing director and chief compliance officer.

The firm’s services include wealth management, financial planning, document management, family office services, investment management, investment planning, retirement planning, personal savings and education savings. 

Monument Group Wealth Advisors Investment Strategy

Long-term investment is the preferred strategy for Monument Group’s advisors. A number of sources of information help them make decisions, including third-party research, internet sources and reviews of company materials. No-load mutual funds and ETFs are the primary securities in which advisors invest. 

Thompson Wealth Management

Thompson Wealth Management

Thomson Wealth Management is a fee-only firm managing more than $266 million for its clients. That client list includes mostly high-net-worth clients, plus some other individual clients. Institutional clients include pension and profit sharing plans and corporations.

There are two advisors on the team, neither of which lists any major certifications. There is a minimum account size of $750,000 for clients at the firm. 

Fees at TWM are based on a percentage of assets under management for personal financial management, which combines investment management and financial planning. You can also pay an asset based fee for investment management alone or an hourly rate for just financial planning.

Thomson Wealth Management, Ltd. Background

Bruce Thomson founded the firm in 1991.

The services clients are offered include investment management and financial planning, either separately or integrated. 

Thomson Wealth Management, Ltd. Investment Strategy

TWM believes in creating and managing a portfolio for each client based on their planning objectives, values and risk tolerance. This includes creating a margin of safety for each client, helping protect against unexpected downturns and investment issues. Asset allocation and diversification are key. Most clients have index funds as their core investments. 

Darrow Wealth Management

Darrow Wealth Management

Darrow Wealth Management is a fee-only firm with more than $165 million in assets under management. The firm has a healthy business with both high-net-worth and other individuals, though more clients are not high-net-worth. The only institutional client on the rolls is a pooled investment vehicle.

The firm has four advisors on staff. The team includes three certified financial planners (CFPs) and one chartered financial advisor (CFA). There is a minimum account size of $500,000.

Financial planning and consulting fees are charged on a fixed or hourly rate. Investment management fees are based on a percentage of assets under management.

Darrow Wealth Management Background

DWM was founded in 1991. The principal owner is Thomas McFarland.

The firm’s services include financial modeling, consulting, investment management, retirement plan consulting, financial planning, tax planning, estate planning and trust management.

Darrow Wealth Management Investment Strategy

Advisors at DWM use an asset-allocation model that separates equities into asset classes, market sectors, market caps and styles. Each of them is given an asset allocation percentage based on the firm’s global macroeconomic analysis. Passive mutual funds and low-cost exchange traded funds (ETFs) are the most popular investments for clients at the firm.

Concordia Wealth Management

Concordia Wealth Management is a fee-only firm with two advisors on staff. The firm does not provide a list of advisors with their certifications -- in fact, it doesn’t even have a web site.

The firm has more than $144 million in assets under management. Around 75% of the individual clients Concordia serves are high-net-worth. The only institutional clients it has are corporations.

The firm is fee-only, meaning advisors do not earn commissions. Financial planning services are paid with a flat fee, while investment advisor fees are based on a percentage of assets under management. 

Concordia Wealth Management, LLC Background

Concordia was founded in 2012. The sole owner is Robert Rodriguez.

The firm’s services include financial planning, retirement review, insurance review, education planning, investment advisory and family office services.

Concordia Wealth Management, LLC Investment Strategy

Advisors at Concordia base their decisions around fundamental analysis, which measures the intrinsic value of a security through analyzing economic and financial factors. Assets and investments are chosen based on return, risk and the time horizon each client favors. Investments include mutual funds, separately managed accounts and exchange-traded funds (ETFs).

Craig Duvarney, CFP

Craig Duvarney, CFP

The final firm on this list is Craig Duvarney, CFP. As you might expect, this firm has just one advisor, Craig Duvarney, who is a certified financial planner (CFP).

Duvarney manages more than $134 million. His clients include a fairly even mix of high-net-worth and other individual clients. There are no institutional clients.

Fees for asset management are based on a percentage of assets under management. Financial planning fees are fixed. Duvarney is also an insurance agent and may earn commissions. This is a conflict of interest, but he must act in your best interest when serving as an advisor.

Craig Duvarney, CFP Background

Craig Duvarney’s sole proprietorship has been in business since 2003. It switched its registration from the state of Massachusetts to the SEC in 2017.

Services include asset management, retirement plan consulting, financial planning services, tax planning analysis, estate planning analysis, business planning, retirement planning, education planning, budgeting and investment analysis.

Craig Duvarney, CFP Investment Strategy

Duvarney uses economic analysis to determine economic trends and makes investment choices based on that analysis. Mutual funds and exchange-traded funds are the principal investments the firm makes with client money. A small amount of money, around 1%, is invested in stocks, and 3% is held as cash or cash equivalents. 

How Many Years $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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research