Trust Advisory Group, Ltd.
Trust Advisory Group, Ltd. (TAG) is a small financial advisor firm that works with both individuals and other independent financial advisors. The firm is located in Woburn, Massachusetts, which is a suburb of Boston. TAG is currently listed on SmartAsset's list of the top financial advisor firms in Woburn. The firm provides clients with investment management and financial planning services.
TAG is a fee-based firm. That means that some of its advisors can earn insurance commissions in addition to standard client-paid fees. (A fee-only firm, on the other hand, earns only client-paid fees.)
Trust Advisory Group Background
Trust Advisory Group was founded in 1994 and has been in business in Woburn ever since. The firm is owned by its parent company, TAG Group, Inc. Unofficially, TAG rebranded itself as TAG 2.0 in 2020. William H. McCance leads the firm as its president and CEO. McCance has extensive experience in the financial industry, having worked on the floor of the NYSE, as well as at multiple Fortune 500 wirehouses.
One of TAG's wealth associates is enrolled in the chartered financial analyst (CFA) program.
Trust Advisory Group Client Types and Minimum Account Sizes
Trust Advisory Group works mainly with non-high-net-worth individuals. However, high-net-worth individuals and government entities round out its client base. The firm has business relationships with a few other advisory firms as well.
In order to open an investment advisory account with TAG, you'll need to make a minimum investment of $10,000. The firm may combine multiple account balances to ensure clients meet this minimum.
Services Offered by Trust Advisory Group
Trust Advisory Group offers two main advisory services: investment management and financial planning. The firm personally works with each client to develop an investment strategy that works for them. Depending on the specifics of your client agreement, the firm may manage your assets on either a discretionary or non-discretionary basis.
Financial planning services can cover a range of issues and topics. These might include retirement planning, charitable gift planning, homeownership planning, college fund planning, income planning, debt management, cash flow analysis, tax planning and management, specific goal planning and more.
Trust Advisory Group Investment Philosophy
On its SEC-filed Form ADV and website, Trust Advisory Group talks about how its advisors aim to put their clients' needs first. As a result, the firm tailors its investment and financial planning services to the goals of each individual client. This process begins with a free investment consultation. After determining a client's risk tolerance, time horizon, liquidity needs and more, their advisor will craft an investment strategy that's designed to help them reach their objectives.
Advisors at TAG use both fundamental and technical analysis as a means of evaluating potential investments for client portfolios. In terms of making investments, advisors use short- and long-term purchases, trading, short sales and a variety of other methods.
Fees Under Trust Advisory Group
Trust Advisory Group charges fees for its investment advisory services based on a percentage of each client's total assets under management (AUM). The absolute maximum annual fee is 2.00% of a client's AUM. The specific rate you receive will vary depending on the specifics of your situation.
Financial planning fees are charged on a fixed or hourly basis. Hourly rates range from $100 to $350, and fixed fees can be anywhere from $300 to $50,000, depending on the scope of the agreement.
What to Watch Out For
Trust Advisory Group has no legal or regulatory disclosures listed on its Form ADV in its latest filing with the SEC.
TAG is a fee-based firm, which means some of its advisors may be registered as insurance agents. This allows these advisors to earn commissions when they sell clients insurance products. Despite the potential conflict of interest this arrangement induces, the firm is still a registered fiduciary. This makes its advisors legally obligated to act in the best interests of clients, no matter what.
Opening an Account With Trust Advisory Group
If you're interested in becoming a client of Trust Advisory Group, stop by the firm's website and submit a form on its contact page so that a representative can reach out to you. You can also call the firm at (781) 933-6100 or visit its Woburn office.
All information is accurate as of the writing of this article.
- SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- Whether you've been investing for 20 years or you're brand new to it, it helps to have a definitive plan in place for your portfolio. To get an idea of what the portfolio of someone in your situation should look like, try SmartAsset's asset allocation calculator.