Finding a Top Financial Advisor Firm in New Hampshire
Finding a financial advisor can mean doing a lot of homework as you compare different advisors' fees, services and other factors. To help you make this important decision, we set out to identify the top ten advisor firms in New Hampshire. In this list you can easily compare the firms across such fundamentals as assets under management (AUM), fees and investment strategy. If you'd like to be connected directly to advisors near you, you can use SmartAsset’s free financial advisor matching tool to connect with advisors in your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Lake Street Advisors Find an Advisor||$2,910,533,869||$20,000,000|| || |
|2||The Harbor Group, Inc. Find an Advisor||$1,350,911,711||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Charter Oak Capital Management Find an Advisor||$ 782,153,424||$350,000|| || |
|4||DL Carlson Investment Group, Inc. Find an Advisor||$738,348,177||$250,000|| || |
|5||Northeast Planning Associates, Inc. Find an Advisor||$224,484,897||No set account minimum (some strategies may have a minimum)|| || |
Minimum AssetsNo set account minimum (some strategies may have a minimum)
|6||Independence Financial Advisors, LLC. Find an Advisor||$261,029,917||No minimum|| || |
Minimum AssetsNo minimum
|7||CMH Wealth Management, LLC Find an Advisor||$559,839,106||$8,000 minimum annual fee|| || |
Minimum Assets$8,000 minimum annual fee
|8||Measured Wealth Private Client Group, LLC Find an Advisor||$395,347,541||$250,000|| || |
|9||Bluestone Wealth Management, LLC. Find an Advisor||$200,838,971||$2.5 million|| || |
Minimum Assets$2.5 million
|10||Mascoma Wealth Management Find an Advisor||$304,340,692||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in New Hampshire, we first identified all firms registered with the SEC in the state. 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer 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.
Lake Street Advisors
The firm primarily serves high-net-worth individuals and pension and profit-sharing plans. Investors are required to have a minimum investment of $20 million. Accounts are managed on a discretionary and non-discretionary basis.
Lake Street Advisors Background
Founded in 2003, Lake Street Advisors is an indirect, majority-owned subsidiary of Focus Financial Partners, LLC. CEO Buddy Webb and three other firm managers own small stakes in the firm.
Lake Street offers investment management and stand-alone financial planning. It also provides multi-family office and wealth management services, including holistic financial planning, asset allocation, investment management, financial reporting, cash flow and liquidity reporting, gift and estate planning, insurance and asset protection planning, income tax planning, bill payment administration and concierge services.
Lake Street Advisors Investment Strategy
Lake Street Advisors assigns to each client a team composed of a partner and a dedicated relationship manager (financial planner) who will coordinate with the investment team, which in turn includes an investment manager and investment analyst. Once the client’s portfolio has been constructed, customized to goals and other key factors, the investment team will monitor and periodically rebalance it. The firm notes that its “recommendations are not limited to any specific product or service offered by a broker-dealer, investment company, or insurer.”
As of Lake Street’s most recent SEC filings, the firm invests in a plethora of different securities. These include stocks, bonds, certificates of deposit (CDs), hedge funds, private equity, warrants, exchange-traded funds (ETFs), mutual funds and more.
The Harbor Group
Based in Bedford, The Harbor Group manages client assets primarily on a discretionary basis for both high-net-worth and non-high-net-worth individuals.
The advisory team includes six certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered financial consultant (ChFC), one certified public accountant (CPA), one chartered alternative investment analyst (CAIA) and one certificate in investment performance measurement (CIPM).
The Harbor Group Background
Marc Hebert and Timothy Riley co-founded The Harbor Group in 1981. They still co-own it and serve as president and CEO, respectively.
Investment advisory services are on a fee basis, but advisors who are insurance agents may receive commissions in their other capacities. In addition to investment management and insurance products, the practice offers financial planning, which can cover such topics as cash flow, college planning, retirement planning, tax planning, insurance review and estate planning.
The Harbor Group Investment Strategy
The Harbor Group primarily uses strategic asset allocation, emphasizing, it notes, “prudent diversification of assets and long-term investment planning consistent with the client’s objectives.” In constructing portfolios, the firm utilizes mostly no-load mutual funds and exchange-traded funds, usually through discount brokers.
In most cases, this firm is not generally involved in the analysis or recommendation of individual securities like stocks and bonds. Instead, it tends to focus on mutual funds and exchange-traded funds (ETFs).
Charter Oak Capital Management
Charter Oak Capital Management is a fee-only firm, which means all of its compensation comes from client-paid fees.
The team of advisors includes eight certified financial planners (CFPs), one certified public accountant (CPA), one financial paraplanner qualified professional (FPQP) and two chartered retirement planning counselors (CRPCs).
Investment management accounts are primarily handled on a discretionary basis. The firm's minimum investment is $350,000, though it may accept clients with less than that. Still, the vast majority of clients do not have a high net worth. The firm also serves high-net-worth individuals and charitable organizations.
Charter Oak Capital Management Background
Jeffrey Troiano started Charter Oak Capital Management in 2002. He is the majority owner of the firm, while four other partners have minority stakes.
While the firm is based in Portsmouth, it has two other offices in Maine (Portland and Kennebunk).
The firm offers a wide selection of services across areas like portfolio management, financial planning and retirement plan consulting.
Charter Oak Capital Management Investment Strategy
Using charting, fundamental and technical analysis as well as analysis of economic, market, industry, firm and product cycles and trends, Charter Oak Capital Management’s investment strategies include long-term purchases (securities held at least a year), short-term purchases (securities sold between 30 days and one year) and trading (securities sold within 30 days).
The firm makes option transactions when clients make a special request. That said, for accounts whose discretionary investment authority it controls, the firm does not use options or other derivatives.
DL Carlson Investment Group
Named after its founder Dave Carlson, DL Carlson Investment Group, Inc. has been in business since 1989. The fee-only firm in Concord employs a team of advisors that includes one chartered financial analyst (CFA) and one chartered alternative investment analyst (CAIA).
With a minimum $250,000 investment required, the firm serves both non-high-net-worth and high-net-worth individuals. The firm's on-staff advisors also work with pension and profit-sharing plans, charitable organizations and businesses.
DL Carlson Investment Group Background
Firm chairman Dave Carlson founded DL Carlson Investment Group in 1989. Carlson has had a long career as a financial advisor, as he's spent more than 50 years in the industry. The firm is employee owned, with President and Chief Investment Officer (CIO) Jay Mullins acting as principal owner.
The boutique practice primarily offers investment management services, in addition to a selection of wealth management offerings.
DL Carlson Investment Group Investment Strategy
DL Carlson Investment Group offers three portfolio investment styles: equity, balanced and fixed-income. Primarily using fundamental analysis when selecting investments, it employs long-term purchases, short-term purchases, trading, margin transactions and option writing (including covered options, uncovered options or spreading strategies).
Before the firm invests any of your money, it makes sure to go over your personal needs with you directly. This involves doing a deep dive into your risk tolerance, time horizon, long- and short-term investment goals, income needs and more. In the end, your portfolio's composition and management will rely on these guiding characteristics.
Northeast Planning Associates, Inc.
Northeast Planning Associates, Inc. (NPA) works primarily with individuals and high-net-worth individuals. The firm says that it also offers investment advisory services to trusts, estates, pension and profit sharing plans, charitable organizations and businesses.
As a fee-based firm, some of NPA’s advisors may be licensed to sell insurance and investment products, and could earn commissions on those transactions. But the firm’s fiduciary obligations require the team to act in the best interests of clients.
NPA does not impose a minimum account requirement to engage in services.
Northeast Planning Associates Background
NPA was founded as a registered investment advisor in 1984. The owners of NPA are the founder and CEO Edward C. Hiers and President Keith Singer.
The firm’s financial team holds multiple certifications, including three certified financial planners (CFPs), three chartered financial consultants (ChFCs) and two chartered life underwriters (CLUs).
Northeast Planning Associates Strategy
NPA offers investment advice, insurance strategies and brokerage services based on client financial goals, time horizon and risk tolerance. These include:
- Financial planning
- Investment management
- Educational accounts
- Insurance programs
Independence Financial Advisors, LLC.
Independence Financial Advisors, LLC. works primarily with individuals and high-net-worth individuals, as well as pension and profit sharing plans and businesses.
As a fee-based firm, some of Independence Financial’s advisors may be licensed to sell insurance and investment products, and could earn commissions on those transactions. But the firm’s fiduciary obligations require the team to act in the best interests of clients.
Independence Financial does not impose a minimum account requirement. However, the firm requires that clients open a brokerage account with Fidelity Brokerage Services, LLC or another appropriate affiliate.
The firm also charges clients an advisory services annual fee based on the percentage of assets under management, which typically ranges between 0.5% and 1%.
Independence Financial Advisors Background
Headquartered in Franklin, Independence Financial was founded in 2011. The firm is a wholly owned subsidiary of Franklin Savings Bank, a New Hampshire state-chartered mutual savings bank.
The firm’s financial team holds multiple certifications, including two certified financial planners (CFPs).
Independence Financial Advisors Strategy
Independence Financial manages client assets based on financial goals, time horizon and risk tolerance. These include:
- Wealth management
- Retirement planning
- Estate planning
- Financial planning
CMH Wealth Management
Lending the first initial of their last names to the firm’s name, the founders of CMH Wealth Management, LLC are Brian Carolan, Karen McCloskey and Kristen Hanley. They, along with a few other advisors, manage the firm's client assets on a solely discretionary basis. The team includes two certified financial planners (CFPs), two chartered financial analysts (CFAs), one certified trust and fiduciary advisor (CTFA) and one certified private wealth advisor (CPWA).
With around 180 clients, the North Hampton practice’s client-to-advisor ratio is quite low. It serves individuals who are both high-net-worth and non-high-net-worth. The fee-only firm does not have a published investment minimum, though it charges a minimum $8,000 annual fee. In other words, accounts with less than $670,000 may be paying an effective fee rate of 1.2% or higher.
CMH Wealth Management Background
Before founding their boutique investment firm in 2009, McCloskey, Carolan and Hanley worked at U.S. Trust, Bank of America Private Wealth Management together. Carolan and McCloskey primarily own the firm, while Hanley has a small stake.
CMH offers portfolio management and financial planning. It can provide guidance on such areas as financial, retirement, estate, tax, insurance and charitable planning.
CMH Wealth Management Investment Strategy
In its investment management process, CMH Wealth Management applies qualitative and quantitative analyses to select securities. It may invest in individual stocks and bonds, mutual funds, exchange-traded funds (ETFs) and money market instruments.
All client portfolios are tailored to their owner's specific needs. To accurately build a portfolio for you, the firm will meet to discuss your risk tolerance, investment goals, time horizon, liquidity needs and more. As your goals change over time, the firm will adjust your portfolio accordingly.
Measured Wealth Private Client Group
Founded in 2014, Measured Wealth Private Client Group, LLC is headquartered in Portsmouth and has a branch in Fort Lauderdale, Florida.
The team of advisors includes two certified financial planners (CFPs), two chartered retirement planning counselors (CRPCs), one chartered financial analyst (CFA), one certified public accountant (CPA), one chartered retirement plans specialist (CRPS) and one chartered mutual fund counselor (CMFC).
Investment advisory services are on a fee basis, but there are broker-dealers and insurance agents at the firm who receive commissions as compensation, too. Despite this potential conflict of interest, the firm abides by fiduciary duty, legally binding it to act in clients' best interests.
The vast majority of individual clients here do not have a high net worth. The firm also serves pension and profit-sharing plans and businesses. The minimum investment is $250,000, and most accounts are on a discretionary basis.
Measured Wealth Private Client Group Background
Measured Wealth Private Client Group was established in 2014. Founder and President Edward Benway owns the firm entirely. Benway has about two decades of experience in the financial services industry.
The practice especially caters to medical professionals and federal employees, on top of individuals and their families. It offers portfolio management, financial planning, risk management, estate planning, independent legal advice and independent tax advice.
Measured Wealth Private Client Group Investment Strategy
Measured Wealth says that it generally constructs portfolios with individual stocks or bonds, exchange-traded funds (ETFs), options, mutual funds and other public and private securities or investments. Of course, the specific mix depends on the client’s goals and profile. The firm may use margin transactions, if deemed appropriate. It may also utilize independent money managers.
Bluestone Wealth Management, LLC.
Bluestone Wealth Management, LLC. works primarily with high-net-worth individuals.
As a fee-only firm, Bluestone earns compensation solely from clients. This means that they don’t collect any compensation from third-party financial services firms for investing client assets in their products.
The firm generally requires a minimum account size of $2.5 million to engage in services. The fee may be reduced depending on Bluestone’s discretion.
The firm also charges clients an advisory services annual fee based on the percentage of assets under manage, which typically ranges up to 1%.
Bluestone Wealth Management Background
Headquartered in Keene, the firm was founded in 2005. Bluestone is owned and operated by principal and Chief Compliance Officer Elizabeth Catlin and principal Christine Clinton-Catlin.
The firm’s financial team holds multiple certifications, including one certified financial planner (CFP), chartered financial analyst (CFA) and one certified public accountant (CPA).
Bluestone Wealth Management Strategy
The firm manages client assets based on financial goals, time horizon and risk tolerance. These include:
- Asset management
- Tax planning
- Estate planning
- Charitable gifting
- Trust and fiduciary services
Mascoma Wealth Management
Mascoma Wealth Management is a fee-only firm, which means its only form of compensation are the fees that clients pay for services. While Mascoma Wealth tends to focus on investment services, it also provides financial planning.
There is no minimum investment requirement at this firm. When it comes to individual clients, the firm works with more people below the high-net-worth threshold than above it. Institutional clients of the firm include charities, businesses, government entities and retirement plans.
Mascoma Wealth Management Background
Mascoma Wealth Management was created in 2013. The firm is a wholly owned subsidiary of Mascoma Bank, with Managing Director Robert Boon leading the team. The firm's office is in Hanover.
The team of advisors at this firm includes one certified financial planner (CFP).
Mascoma Wealth Management Investment Philosophy
When working with clients, Mascoma Wealth Management will work to understand their needs. This is done before the creation of a portfolio, as a client's investing characteristics play a large part in how their portfolio is built. For example, the firm may go over your risk tolerance, time horizon, income needs and long-term goals.
Once your investor profile is complete, the firm will flesh out your portfolio with a wide variety of securities. According to the firm's Form ADV, it tends to invest in some combination of individual stocks and bonds, mutual funds, exchange-traded funds (ETFs) and cash.