Finding a Top Financial Advisor Firm in Portsmouth, New Hampshire
No doubt, there’s a lot to consider when choosing a financial advisor. It’s partly what makes the important decision so hard. To help you, we collected a number of factors you should take into account - fundamentals such as assets under management (AUM), fee basis and investment strategy. Then we put all the info together here for convenient comparing and contrasting. Start your search with this list of the top financial advisor firms in Portsmouth, New Hampshire. Then use SmartAsset’s free financial advisor matching tool to connect with up to three local advisors
|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||Charter Oak Capital Management Find an Advisor||$614,094,158||$350,000|| || |
|3||Measured Wealth Private Client Group, LLC Find an Advisor||$285,202,820||$250,000|| || |
|4||Seascape Capital Management, LLC Find an Advisor||$206,125,961||$1,000,000|| |
|5||Granite Bay Wealth Management, LLC Find an Advisor||$200,333,422||$250,000|| || |
|6||Creegan & Nassoura Financial Group, LLC Find an Advisor||$184,071,522||500,000|| || |
|7||Harbor Advisory Corporation Find an Advisor||$163,324,351||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Secure Planning, LLC Find an Advisor||$144,054,501||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Portsmouth, New Hampshire
For this list, we only considered financial advisor firms in Portsmouth, New Hampshire that are registered fiduciaries with the U.S. Securities and Exchange Commission (SEC). We removed from consideration any advisory practices that have had a disclosure or disciplinary issue within the last 10 years or whose individual accounts make up less than half of their client base. The top eight 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
At the top of our list, Lake Street Advisors has $2.6 billion in assets under management. The boutique wealth manager is headquartered in Portsmouth and has a branch office in Boston.
The fee-only firm primarily serves high-net-worth individuals, their families and their trusts, estates, charitable organizations, foundations and family partnerships. In fact, according to SEC data, they make up Lake Street’s entire client base. With a dozen advisors, that gives the firm a very low client-to-advisor ratio: roughly four to one. For that minimally divided attention, however, you’ll need to invest at least $20 million. Accounts are on a discretionary or non-discretionary basis.
Lake Street Advisors Background
Founded in 2003, Lake Street is an indirect, majority-owned subsidiary of Focus Pubco, a public company traded on the NASDAQ Global Select Market. CEO “Buddy” Webb and three other firm managers have small stakes.
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 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, assets under its management were allocated as:
- 42% in securities issued by registered investment companies (RICs) or business development companies (BDCs)
- 20% in securities issued by pooled investment vehicles (other than RICS or BDCs)
- 20% in cash and cash equivalents
- 7% in exchange-traded equity securities
- 6% in state and local bonds
- 3% in investments in private companies and real estate
- 1% in U.S. government and agency bonds
- 1% in investment-grade corporate bonds
Charter Oak Capital Management
With more than $614 million in assets under management, Charter Oak Capital Management is second on our list. The investment advisory part of the business is fee-only, but there are broker-dealer representatives and insurance agents at the firm who receive commissions (which makes their compensation fee-based).
While Charter Oak’s main office is in Portsmouth, it has two offices in Maine (Portland and Kennebunk). The team in New Hampshire includes four certified financial planners (CFPs) and one certified public accountant (CPA).
Investment management accounts are primarily on a discretionary basis, which means that Charter Oak will make trades without asking for client consent. The minimum investment was recently increased to $350,000 (from $250,000). Still, the vast majority of clients are not high-net-worth individuals. The firm also serves pension and profit-sharing plans, corporations or other business, trusts, estates and charitable organizations.
Charter Oak Capital Management Background
Jeffrey Troiano started Charter Oak in 2002. He is the majority owner, while four other partners have minority stakes.
The firm portfolio management, financial planning and retirement plan consulting services.
Charter Oak Capital Management Investing Strategy
Using charting, fundamental and technical analysis as well as analysis of economic, market, industry, firm and product cycles and trends, Charter Oak’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.
Measured Wealth Private Client Group, LLC
Founded in 2014, Measured Wealth Private Client Group, LLC manages more than $285 million in assets. It’s based in Portsmouth and has a branch in Boca Raton, Florida. The team in Portsmouth 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 with the IRS (EA). (Advisors may have multiple professional certifications.)
Investment advisory services are fee-only, but there are broker-dealers and insurance agents at the firm who receive commissions as compensation. Measured Wealth also sponsors and manages a wrap fee program (where there is one all-inclusive fee for its portfolio management services).
The vast majority of clients do not have a high net worth. The firm also serves trusts, estates, pension and profit sharing plans, charitable organizations and businesses. The minimum investment is $250,000, and most accounts are on a discretionary basis, which means Measure Wealth may make trades without gaining prior client consent.
Measured Wealth Private Client Group Background
Founder and President Edward Benway owns the firm entirely. 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, 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.
Seascape Capital Management, LLC
Seascape Capital Management, LLC is a fee-only firm with $206 million in assets under management. Its team includes two chartered financial analysts (CFAs), one certified financial planner (CFP), one certified divorce financial analyst (CDFA), one certified private wealth advisor (CPWA), one chartered market technician (CMT) and one certified trust and financial analyst (CTFA). (Advisors may have multiple professional accreditations.)
The boutique firm primarily serves high-net-worth individuals, particularly high-level professionals and retirees, and their families. It also advises pension plans, charitable organizations and businesses. All accounts are on a discretionary basis. The minimum investment is $1,000,000.
Seascape Capital Management Background
Monica McCarthy runs the practice. She joined it two years after its founding in 2003 and took the helm after her husband and Seascape Capital founder James McCarthy died in 2015. Their trusts primarily own the firm, while CIO Andrew Litzerman has a small stake.
Seascape offers investment management integrated with financial planning. The latter can include tax and estate planning, retirement planning, divorce financial analysis and business owner strategies. Unlike many firms, Seascape does not charge separate fees for its financial planning services.
Seascape Capital Management Investing Strategy
Using fundamental and technical factors to identify investments with above-average growth opportunities, the firm focuses on a mix of individual stocks, bonds and exchange-traded funds (ETFs) in a variety of asset classes. It also employs quantitative metrics with a qualitative assessment of the economic and political environment.
Mutual funds, stocks and bonds are all used for client investment.
Granite Bay Wealth Management, LLC
The team at Granite Bay Wealth Management, LLC includes two certified financial planners (CFPs), one chartered life underwriter (CLU), one chartered financial consultant (ChFC) and one certified employee benefit specialist. (Advisors may have multiple professional certifications.)
While its investment advisory services are fee-only, the firm does have broker-dealer representatives and insurance agents who receive commissions on sales. The great majority of accounts are on a discretionary basis, and most clients are not high-net-worth individuals. The minimum required to open an account is $250,000, though the firm may waive it under special circumstances.
Granite Bay Wealth Management Background
Principal owners Joseph Skees and Paul Stanley founded Granite Bay in 2015. The duo has spent a combined 40 years working in various areas of the financial services industry, like at Fortune 500 companies and on Wall Street.
In addition to high-net-worth and non-high-net-worth individuals, the practice serves trusts, ERISA plans and ERISA plan sponsors. It offers asset management, financial planning and retirement plan consulting.
Granite Bay Wealth Management Investing Strategy
In constructing client portfolios, Granite Bay primarily uses exchange-traded funds and mutual funds. It places clients on an asset allocation scale that ranges from aggressive, to moderately aggressive, to moderate, to moderately conservative, to conservative.
Bonds and stocks are also used for investment.
Creegan & Nassoura Financial Group, LLC
Fee-only firm Creegan & Nassoura Financial Group, LLC manages more than $184 million in assets. As its name suggests, the two principals are Robert Creegan and Steven Nassoura. Both are certified financial planners (CFPs).
Requiring a minimum $500,000 investment, the firm serves clients who are high-net-worth individuals and those who are not. It also advises pension and profit sharing plans, trusts, estates, charitable organizations, corporations and businesses. Its portfolio management services are on a discretionary basis.
Creegan & Nassoura Financial Group Background
Creegan and Nassoura founded the firm in 2000. As mentioned earlier, they are its owners.
The practice offers investment management and financial planning, which includes investment advice, retirement and estate-planning advice, insurance advice, tax advice, risk management advice and general business advice.
Creegan & Nassoura Financial Group Investment Strategy
When providing investment advice or managing assets, the firm may use fundamental, technical and charting analysis. Its strategies include long-term purchases (held for at least one year), short-term purchases (held less than a year) and option writing (e.g., covered options). Stocks and bonds are the most common investments, though mutual funds and cash holdings are also used.
Harbor Advisory Corporation
Unlike many firms, Harbor Advisory Corporation does not believe that bigger is better. With more than $163 million in assets under management, the boutique, fee-only practice seeks to keep its client-to-advisor ratio down to 50 to 1. This enables its two advisors to speak to their clients monthly - or meet with them in their homes or businesses.
Roughly half of Harbor’s clients are high net worth and the other half are not. There is no minimum investment to open an account, though the minimum annual fee of $11,000 is not cost-effective for accounts smaller than $1,000,000. The firm primarily serves wealthy families and their related accounts, including trusts, estates and foundations. The great majority of accounts are on a discretionary basis.
Harbor Advisory Corporation Background
After working at Merrill Lynch for 13 years, Robert Butler founded Harbor Advisory in 1972. Now his son Weld Butler heads the firm. He’s the majority owner, while Chief Investment Officer Jack De Gan also has a stake.
The practice primarily offers asset management services. The firm can also advise clients on retirement planning, estate planning, educational funding, insurance issues, debt management and tax planning.
Harbor Advisory Corporation Investment Strategy
Basing portfolios on client objectives, risk profile and other factors, Harbor uses fundamental and technical analyses to implement asset allocation. It may utilize long-term purchases (securities held at least one year) and short-term purchases (securities held more than 30 days but less than one year). Clients with philosophical or ideological objections to particular companies or industries may impose restrictions on what goes into their portfolios.
Secure Planning, LLC
Last but not least, Secure Planning, LLC manages more than $144 million in assets. Unlike the other firms on this list, Secure Planning primarily advises clients on the asset allocation programs offered by other companies, namely SEI Investment Management Corporation, SEI Investments Distribution Company and SEI Trust Company; Trust Company of America; and TD Ameritrade Institutional Services.
The team at Secure Planning includes two certified financial planners (CFPs) and one certified life underwriter (CLU). (Advisors may have multiple accreditations.) As the CLU designation suggests, there are insurance agents as well as broker-dealer representatives in the office. These professionals are fee-based, which means they receive commissions as compensation.
The firm serves mostly individuals who are not high net worth. It also offers services to trusts, estates, charitable organizations, pension and profit-sharing plans and corporations. According to SEC data, all of its portfolio management accounts are on a discretionary basis, but it will accept non-discretionary accounts. It does not specify an investment minimum.
Secure Planning Background
Edward Mallon founded the firm in 1990 and remains the majority owner. Other people in the office who have stakes, albeit small, in the practice are Vice President Lisa Dugan and Compliance Officer Julianne Smith.
In addition to asset management, Secure Planning offers financial planning that can include:
- Portfolio analysis
- Retirement planning
- Small business consulting
- Estate planning
- Tax management
- Charitable giving
- College funding
Secure Planning Investment Strategy
Secure Planning will construct an asset allocation based on client objectives and profile and implement it primarily using funds in one of the three earlier mentioned programs. Not surprisingly, it reported in its latest filing with the SEC that the assets under its management are primarily in securities issued by registered investment companies (such as mutual funds).