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.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Lake Street Advisors Find an Advisor||$2,608,139,876||$20,000,000|| || |
|2||The Harbor Group, Inc. Find an Advisor||$1,185,023,391||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Charter Oak Capital Management Find an Advisor||$614,094,158||$350,000|| || |
|4||DL Carlson Investment Group, Inc. Find an Advisor||$535,508,030||$250,000|| || |
|5||CMH Wealth Management, LLC Find an Advisor||$441,676,052||$8,000 minimum annual fee|| || |
Minimum Assets$8,000 minimum annual fee
|6||Affinity Investment Group, LLC Find an Advisor||$285,826,595||$250,000|| || |
|7||Measured Wealth Private Client Group, LLC Find an Advisor||$285,202,820||$250,000|| || |
|8||Grove Street Fiduciary, LLC Find an Advisor||$274,939,409||$2,000,000|| || |
|9||Mascoma Wealth Management Find an Advisor||$265,920,062||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Baldwin & Clarke Advisory Services, LLC Find an Advisor||$256,670,775||Varies depending on account type|| || |
Minimum AssetsVaries depending on account type
How We Found the Top Financial Advisor Firms in New Hampshire
For this list, we only considered financial advisor firms in New Hampshire that are registered fiduciaries with the U.S. Securities and Exchange Commission (SEC). We also only considered firms that provide financial planning services and work primarily with individual clients. Finally, we removed from consideration any advisory practices that have had a disclosure or disciplinary issue within the last 10 years. The top 10 firms are listed here, sorted by AUM, from highest to lowest. All information is accurate as of the writing of this article.
Lake Street Advisors
The firm primarily serves high-net-worth individuals and their families, trusts, estates, charitable organizations, foundations and family partnerships. In fact, according to SEC data, they make up Lake Street’s entire client base. That gives the firm a very low client-to-advisor ratio. For that minimally divided attention, however, you’ll need to invest at least $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. Its team includes seven certified financial planners (CFPs), two chartered financial analysts (CFAs), one chartered financial consultant (ChFC), one certified public accountant (CPA) and one certificate in investment performance measurement (CIPM).
The clientele at this firm is almost evenly split between individuals who are and aren’t high-net-worth. The firm also serves a few pension and profit-sharing plans, trusts, estates and charitable organizations. There is no minimum account size required here.
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. It is not generally involved in the analysis or recommendation of individual securities.
In most cases, this firm does not invest in 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 up next on our list. This is a fee-only firm, which means all of its compensation comes from client-paid fees. While the firm is based in Portsmouth, it has two other offices in Maine (Portland and Kennebunk). The team of advisors includes seven certified financial planners (CFPs), one certified public accountant (CPA) 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.
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 within a 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 more than twice as many individuals who are not high net worth as those who are. The firm's on-staff advisors also work with pension and profit-sharing plans, trusts, estates, 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.
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) 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 and aren’t high-net-worth, as well as trusts, estates, charitable organizations and businesses. 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 1.20% 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.
Affinity Investment Group
Affinity Investment Group, LLC is based in Exeter. The firm is fee-based, which means some advisors may also be insurance agents or brokers who receive commissions. Despite this arrangement, the firm's fiduciary duty requires it to act in clients' best interests at all times. The team of advisors at this firm includes one chartered financial consultant (ChFC) and one certified financial planner (CFP).
The firm serves about five times as many non-high-net-worth individuals as high-net-worth ones. It also advises trusts, estates and charitable organizations. The minimum investment here is $250,000.
Affinity Investment Group Background
Gregory Gagne founded Affinity Investment Group in 1998, and is the sole owner. Gagne has over 30 years of experience in the financial services industry.
The practice primarily offers financial planning and investment management services. That said, it can also advise on non-securities matters, such as estate planning and annuity advice.
Affinity Investment Group Investment Strategy
Affinity Investment Group’s investment strategy primarily involves strategic asset allocation with global diversification. Its core investments are in index and/or exchange-traded funds (ETFs) and satellite investments are in actively managed funds. In constructing portfolios, the firm uses charting, fundamental, technical and cyclical methods of analysis.
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 here 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), one chartered mutual fund counselor (CMFC) and one enrolled agent (EA).
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, 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 trusts, estates, 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.
Grove Street Fiduciary
Grove Street Fiduciary, LLC is a fee-only practice that's headquartered in Peterborough. This title means that all of the firm's compensation comes from client-paid fees rather than a combination of client fees and third-party commissions. On-staff advisors at this firm include three certified financial planners (CFPs), two accredited investment fiduciaries (AIFs), one chartered retirement planning counselor (CRPC) and one financial paraplanner qualified professional (FPQP).
This firm’s client base has more non-high-net-worth individuals than their high-net-worth counterparts. It also serves trusts, estates and charitable organizations. The minimum investment here is generally $2 million, and most accounts are managed on a discretionary basis.
Grove Street Fiduciary Background
Grove Street Fiduciary was founded in 1991. It’s currently owned by CEO and chief investment strategist Carl Amos Johnson and managing director Hazel Hensel.
The firm offers wealth advisory services that include financial planning and portfolio management. It also provides consulting and limited pension consulting.
Grove Street Fiduciary Investment Strategy
In constructing portfolios, Grove Street Fiduciary may use technical, fundamental and cyclical methods of analysis. As investment strategies, it may employ long-term purchases and short-term purchases. Primarily, it invests in exchange-traded funds (ETFs), index funds, and no-load indexed mutual funds.
Mascoma Wealth Management
Mascoma Wealth Management is the financial advisory arm of Mascoma Bank, a Vermont-based financial institution. This 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 a client, 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.
Baldwin & Clarke Advisory Services
Baldwin & Clarke Advisory Services, LLC is a Bedford-based financial advisor firm. The firm provides a spectrum of investment management, financial planning and wealth management services, such as retirement planning, wealth transfer planning and estate planning.
The client base at this firm is dominated by individuals of both a high-net-worth and non-high-net-worth nature. The firm also maintains advisory relationships with retirement plans, businesses and charitable organizations. Rather than adhering to a minimum initial investment, the firm requires minimum annual fees from clients. These range from $500 up to $3,000.
As a fee-based firm, certain advisors at Baldwin & Clarke can receive commissions from insurance product sales. Despite this, the firm is legally bound by fiduciary duty to act in clients' best interests at all times.
Baldwin & Clarke Advisory Services Background
Baldwin & Clarke Advisory Services has been in business since 1985. The firm is technically owned by Baldwin & Clarke Holding Company, LLC. However, this holding company is, in turn, owned by co-founders Chuck Baldwin and Jack Clarke.
The staff at this firm includes one chartered life underwriter (CLU) and one chartered financial consultant (ChFC).
Baldwin & Clarke Advisory Services Investment Philosophy
If you become a client of Baldwin & Clarke Advisory Services, the first thing you and your advisor will do is determine your investor profile. This involves looking into and determining your risk tolerance, time horizon, income needs, financial goals and more. Based on these factors, an investment plan will be put together for you with your long-term objectives in mind.
In general, this firm prefers investing with long-term returns in mind. However, as your needs or market conditions change, the firm may adjust and use some short-term trading tactics.