Finding a Top Financial Advisor Firm in North Andover, MA
Finding the right financial advisor can be difficult. That’s why we created a list of the top firms in North Andover. We looked at each firm’s investment strategies, assets under management (AUM), client types, advisory services and more. For more options, use our free financial advisor matching tool. Within minutes, it will connect you with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Abbot Financial Management, Inc. Find an Advisor||$309,418,564||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Bradford Financial Services, Inc. Find an Advisor||$177,591,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Flying Point Financial, Inc. Find an Advisor||$166,000,000||$500,000|| || |
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What We Use in Our Methodology
To find the top financial advisors in North 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:
- 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.
Abbot Financial Management, Inc.
Fee-only firm Abbot Financial Management (AFM) is a private, independent investment firm serving individuals, high-net-worth individuals, trusts, families, estates, charitable organizations, pension, retirement and profit-sharing plans. The firm doesn’t require a minimum account size for clients interested in opening an account.
AFM’s team of four advisors includes three chartered financial analysts (CFAs). Asset-based fees are the sole source of the firm’s compensation. Advisors do no collect commissions for selling financial products and services.
Abbot Financial Management Background
AFM has been in business as a registered investment advisor since 1983. Andrew Novelline and William Novelline Jr. are the firm’s owners. The former is AFM’s president and chief compliance while the latter serves as chairman and treasurer.
The firm’s advisory services include asset management, retirement plan consulting and financial planning and consulting.
Abbot Financial Management Investment Strategy
AFM typically builds portfolios consisting of exchange-traded funds, individual stocks or bonds, options, mutual funds and other public and private securities. Advisors utilize four key investment strategies, including the Abbot Core Dividend Strategy, Focused Growth Strategy, Fixed Income Strategy and the Global Equity Fund strategy.
Bradford Financial Services, Inc.
Bradford Financial Services works with individuals and high-net-worth individuals, corporate pension and profit-sharing plans, Taft-Hartley plans, charitable institutions, foundations, endowments, municipalities, trust programs and banks or thrift institutions.
Bradford Financial is a fee-based firm, your advisor may earn transaction-based fees on top of client fees. This arrangement can potentially create a conflict of interest, but as a fiduciary, Bradford Financial must work in clients' best interests. Client fees for investment management are based on a percentage of assets and they are fixed or hourly for other advisory services.
The firm’s only advisor holds the certified financial planner (CFP) designation. Bradford Financial doesn’t specify a minimum account size requirement.
Bradford Financial Services Background
Bradford Financial was founded by Haralambos Ignatios Kitsos in 1997. The firm’s key specialties are asset management, financial planning and consulting and third-party investment advisory services.
For brokerage services, Bradford Financial uses Securities America (formerly known as Securities Service Network, LLC).
Bradford Financial Services Investment Strategy
Bradford’s methods of securities analysis include charting, fundamental and technical analyses. The firm’s investment strategies include long and short-term purchases, trading, short sales, margin transactions and option writing.
The firm invests in a range of securities, including equities, corporate debt securities, commercial paper, warrants, municipal securities, investment company securities, U.S. government securities, options contracts and various other securities.
Flying Point Financial, Inc.
Flying Point Financial (FPF), previously known as Morgillo Financial Management, is a fee-only firm that works with individuals and high-net-worth individuals, trusts, estates, pension and profit-sharing plans and corporations. For clients interested in establishing an advisory relationship, the firm requires a $500,000 investment.
Flying Point Financial charges asset-based fees for portfolio management and hourly or fixed fees for its other services. The firm’s team includes one certified financial planner (CFP).
Flying Point Financial Background
Flying Point Financial was founded by Elaine Morgillo (CFP) began operations in 1998. The firm offers portfolio management, financial planning, pension consulting and advisor referral services in its office in North Andover. Elaine Morgillo is the firm’s founder. She and Kevin Kennedy are its principal owners.
Flying Point Financial Investment Strategy
FPF focuses on what will work best for its clients now and in the future. The firm also strives to invest for the long term, and it practices diversified asset allocation with periodic rebalancing.
FPF’s Form ADV shows it mainly invests client assets in securities issued by registered investment companies or business development companies. The firm says it offers investment advice in domestic equity securities, bonds, certificates of deposit, commercial paper, mutual funds and exchange-traded funds.