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The Top Financial 8 Advisors in Needham, MA

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Finding the Top Financial Advisor Firms in Needham, MA 

It may be challenging to find a financial advisor in Needham, 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 Beaumont Financial Partners, LLC Beaumont Financial Partners, LLC logo Find an Advisor

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$1,829,776,782 No set account minimum (higher fees if less than $250,000
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Wrap Programs
  • Model Manager
  • Sub-advisor

Minimum Assets

No set account minimum (higher fees if less than $250,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
  • Wrap Programs
  • Model Manager
  • Sub-advisor
2 Stage Harbor Financial, LLC Stage Harbor Financial, LLC logo Find an Advisor

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$543,229,967 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
3 Centerpoint Advisors, LLC Centerpoint Advisors, LLC logo Find an Advisor

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$329,033,488 No set account minimum ($20,000 minimum fee)
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum ($20,000 minimum fee)

Financial Services

  • Financial planning services
  • Portfolio management
4 FSA Wealth Management FSA Wealth Management logo Find an Advisor

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$231,000,000 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
5 Goodman Advisory Group, LLC Goodman Advisory Group, LLC logo Find an Advisor

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$201,085,667 $100,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$100,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
6 Traub Capital Management Traub Capital Management logo Find an Advisor

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$107,351,052 $400,000
  • Financial planning services
  • Portfolio management

Minimum Assets

$400,000

Financial Services

  • Financial planning services
  • Portfolio management
7 Forness Financial LLC Forness Financial LLC logo Find an Advisor

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$107,000,000 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
8 Commons Capital Advisors Commons Capital Advisors logo Find an Advisor

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$95,414,596 No set account minimum
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management

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

We began by compiling data on all financial advisor firms based in Needham, 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.

Beaumont Financial Partners, LLC

Beaumont Financial Partners, LLC

The top firm on this list is Beaumont Financial Partners LLC, a fee-only firm managing more than $1.8 billion. Clients of the firm are nearly all non-high-net-worth individuals, with a much smaller business among high-net-worth clients. There are also a small number of institutional clients including pooled investment vehicles, pension and profit sharing plans, charitable organizations and corporations.


There are 24 advisors on staff at Beaumont. That includes five certified financial planners (CFPs), three chartered financial advisors (CFAs), one certified divorce financial analyst (CDFA) and one certified public accountant (CPA).

There isn’t a strict account minimum at the firm, but you may be subject to higher firms if you have an account worth less than $250,000. Fees for asset management are based on a percentage of assets under management. Advisors do not earn commissions for selling securities.

Beaumont Financial Partners LLC Background

The firm was founded in 1999 and comes from a predecessor firm founded in 1981. The principal owners are Thomas J. Cahill, David M. Haviland and Lawrence A. Fiore.

The firm’s services include investment management and asset allocation.

Beaumont Financial Partners LLC Investment Strategy

Beaumont breaks each investment down into one of five categories: safe, income, equity income, growth and aggressive growth. A mix of these investment categories is used to build a portfolio for clients. It also changes the balance of investments based on how the advisors believe the overall market is moving, shifting to more conservative investments when they see a market downtown.

Stage Harbor Financial, LLC

Stage Harbor Financial, LLC

Stage Harbor Financial is a fee-only firm with six advisors on staff. That team includes four certified financial planners (CFPs) and one chartered financial advisor (CFA).

The firm has more than $543 million in assets under management. More than 50% of the clients are high-net-worth individuals. The only institutional clients at the firm are corporations.

Fees at Stage Harbor are based on a percentage of assets under management for wealth management. Financial planning fees are charged at a fixed rate, generally between $10,000 and $20,000. Advisors do not earn commissions for selling securities or insurance products. There is no minimum account size at Stage Harbor.

Stage Harbor Financial, LLC Background

Stage Harbor was founded in 2018, making it the newest firm on this list. It is owned and operated by Andre M. Fernandes, Matthew D. Biggar and William F. LeFavor. 

Services offered by the firm include wealth management, consulting, financial planning, retirement planning, philanthropic planning, estate planning, education planning, income tax strategies and asset allocation.

Stage Harbor Financial, LLC Investment Strategy

Advisors at Stage Harbor take each client’s goals and needs into account when deciding how to put together a portfolio. There are two main focal points:

  1. Strategy selection -- this generally involves using a core/satellite structure with passive strategies at the core and active strategies in the satellite
  2. Asset allocation -- this is about creating a diverse portfolio with many different type of investments.

Centerpoint Advisors, LLC

Centerpoint Advisors, LLC

Centerpoint Advisors is a fee-based advisor managing more than $329 million in assets for clients, most of whom are regular individual investors, though there are some high-net-worth clients. Institutional clients are all either pension and profit sharing plans or corporations.

There are five advisors at Centerpoint including one certified financial planner (CFP) and one chartered financial advisor (CFA).

There is no minimum account size at Centerpoint, but there is a minimum fee of $20,000 annually. Financial planning fees are charged hourly or as flat fees. Investment management is charged as a percentage of assets under management. Some staff members at Centerpoint are registered at broker-dealers and may earn commissions for selling securities. This is a conflict of interest, but when acting as advisors, they must act in the client’s best interest.

Centerpoint Advisors, LLC Background

Centerpoint was founded in 2011. It is owned by Jennifer M. Wolfsberg and John E. Wolfsburg. Prior to becoming an independent advisor, the firm operated as part of National Securities Corporation and National Asset Management.

Services at the firm include investment management, consulting services, family office services, wealth transfer, charitable assistance, estate planning, tax planning, retirement planning, education funding, family governance and divorce financial analysis.

Centerpoint Advisors, LLC Investing Strategy

Advisors at Centerpoint use a mix of fundamental and technical analysis to make investment decisions.

Centerpoint offers strategies that are entirely invested in fixed-income, some that are entirely invested in stocks and some that are mixed. Within stocks, there are passive investments and mutual fund focused strategies.

FSA Wealth Management

FSA Wealth Management

Goodman Advisory Group, LLC

Goodman Advisory Group, LLC

Goodman Advisory Group is a fee-based firm managing more than $201 million. Clients are mostly not high-net-worth. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.

There are five advisors on staff at Goodman. The team includes two certified financial planners (CFPs), one certified public accountant (CPA) and one chartered financial advisor (CFA). There is a $100,000 minimum account size.

Fees for investment management are based on a percentage of assets under management. Financial planning fees are either fixed or charged hourly. Some advisors at Goodman may earn commissions for the sale of securities or insurance products. This is a conflict of interest, but they must act in the client’s best interest when serving as an advisor. 

Goodman Advisory Group, LLC Background

Goodman was founded in 2017. It is owned by Deborah N. Goodman, who also serves as chief compliance officer.

Goodman’s services include investment management, internal management services, financial planning, investment planning, risk management assessment, tax planning, retirement analysis and college funding.

Goodman Advisory Group, LLC Investment Strategy

Advisors at Goodman use a mix of fundamental, technical and behavioral analysis to develop investment strategies for clients. Research materials come from various sources. Nearly 70% of client money is invested in stocks, and nearly 30% is invested in various mutual funds.

Traub Capital Management

Traub Capital Management

Traub Capital Management is a fee-only firm with three advisors on staff. The team includes one certified financial planner (CFP) and one chartered financial advisor (CFA).

There are $107 million in assets under management at Traub. Clients include a nearly even mix of high-net-worth and non-high-net-worth individual investors. Institutional clients include investment companies, pension and profit sharing plans and corporations.

The minimum account size at Traub is $400,000, with minimum fees of either $4,000 or $2,800, depending on your portfolio makeup. Fees are charged based on a percentage of assets under management for asset management. 

Traub Capital Management Background

The firm was founded in 2003. It is owned by Heydin Traub, who founded it.

Full-service investment management is the main services offered by the firm.

Traub Capital Management Investment Strategy

Clients at Traub can choose to put together a portfolio made up of only mutual funds or one that also uses individual equities. As noted above, those that use only mutual funds will pay lower fees. If you do use individual equities, the firm thinks in terms of value and uses quantitative analysis to find investments that offer it.

Forness Financial LLC

Forness Financial LLC

There are $107 million in assets under management at Forness Financial LLC, a fee-only firm. Clients are mostly non-high-net-worth individuals. There are no institutional clients on the books at Forness.

The firm has three advisors. The team includes two chartered retirement planning counselors (CRPCs) and one certified financial planner (CFP).

Fees for wealth management are based on a percentage of assets under management. Advisors at the firm do not earn commissions for the sale of securities or insurance products. There is a minimum account size of $500,000.

Forness Financial LLC Background

Forness was founded in 2014. It is owned and operated by Norman A. Forness and Ryan C. Forness.

The firm’s services include investment management, portfolio strategy and financial consulting.

Forness Financial LLC Investment Strategy

Advisors at Forness primarily use fundamental analysis to research potential investments for clients. Long-term investments are preferred, but investments held for a shorter period of time may also be used if the opportunity presents itself. Around 75% of the firm’s assets under management are invested in mutual funds, with 20% in stocks and 5% in cash or cash equivalents.

Commons Capital Advisors

Commons Capital Advisors

Commons Capital Advisors, LLC is a fee-based advisor with more than $95 million in assets under management. Around two-thirds of the firm’s clients are non-high-net-worth individual investors. There are no institutional clients at the firm at all.

There are three advisors at Commons Capital. That team includes one chartered retirement planning counselor (CRPC).

There is no minimum account size at the firm. Fees for investment management are based on a percentage of assets under management, while financial planning is billed at a fixed rate. Some of the advisors may earn commissions for selling securities. This is a conflict of interest, but they must act in your best interest when acting as an advisor.

Commons Capital Advisors, LLC Background

Commons Capital was founded in 2009 and registered as an investment advisor in 2012. It is owned and operated by founder, chief compliance officer and portfolio manager Jonathan D. Straus. 

Services offered by the firm include investment management, financial planning, investment planning, retirement planning, educational planning, estate planning, philanthropic planning and insurance needs.

Commons Capital Advisors, LLC Investment Strategy

Advisors at Commons Capital follow a seven step process for putting together client portfolios:

  1. Use Modern Portfolio Theory
  2. Overweight and underweight asset classes
  3. Pair active and passive strategies
  4. Limit position sizes to less than 5% of portfolio
  5. Monitor securities positions each day
  6. Combine quantitative, fundamental and technical analysis
  7. Hedge risk during significant downturns

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