Finding the Top Financial Advisor Firms in Waltham, MA
It may be challenging to find a financial advisor in Waltham, Massachusetts. The search can involve a lot of phone calls and research into complex documents filled with financial jargon. But don’t worry. We did the hard work for you. We conducted in-depth research on such key factors as account minimums, services offered and the qualifications of the advisors they employ. Read on for the top seven financial advisor firms in the area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Ballentine Partners Find an Advisor||$7,927,996,955||$3,500,000|| || |
|2||Integrated Wealth Concepts LLC Find an Advisor||$3,495,076,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Argent Wealth Management Find an Advisor||$1,794,679,236||$1,000,000|| || |
|4||Foster Dykema Cabot & Partners, LLC Find an Advisor||$1,491,001,008||$5,000,000|| || |
|5||Montis Financial, LLC Find an Advisor||$613,400,000||$2,000,000|| || |
|6||Sensible Financial Planning and Management, LLC Find an Advisor||$535,795,258||$500,000|| || |
|7||Savior Wealth Find an Advisor||$243,527,079||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Aspire Wealth Management Corporation Find an Advisor||$239,597,182||$250,000|| || |
|9||The Harvest Group Find an Advisor||$146,563,156||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||SAVVI Financial LLC Find an Advisor||$13,542,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Waltham, MA
We began by compiling data on all financial advisor firms based in Waltham, Massachusetts and registered with the Securities and Exchange Commission (SEC). We then removed firms that have faced disciplinary action within the past 10 years. We also eliminated advisory groups that did not provide financial planning or whose client base was less than 50% individual accounts. Finally, we ranked what was left on the list, from largest to smallest, based on assets under management.
All information is accurate as of the writing of this article.
The top firm in Waltham is Ballentine Partners, a fee-only financial advisor with the most in client assets on our ranking. Clients of the firm are all high-net-worth individuals -- there are no non-high-net-worth clients or institutional clients at the firm. Part of the reason the firm has only high-net-worth clients is because it has a $3.5 million minimum account size.
There are numerous advisors on staff at the firm. The team includes many financial certifications, including 22 certified financial planners (CFPs), 13 chartered financial advisors (CFAs), three chartered alternative investment analysts (CAIAs), two certified private wealth advisors (CPWAs), three certified public accountants (CPAs), two chartered advisors in philanthropy (CAPs), one chartered financial counselors (ChFC) and one chartered retirement planning counselor (CRPC).
Fees for investment advice may be based on assets under management or charged as a flat fee. Flat fees are generally used for families with especially large and complex financial situations.
Ballentine Partners Background
Ballentine Partners was founded in 1984, making it the oldest firm on this list. In fact, it is the only firm founded before the turn of the millennium. Roy Ballentine founded the firm. Senior employees of the firm own 56$ of the equity, while Perspecta Investments LLC owns the other 44%.
Services offered include investment management, financial planning, cash flow analysis, estate planning, insurance coverage analysis, income tax planning and family office services.
Ballentine Partners Investment Strategy
Advisors at Ballentine put together portfolios taking into account asset allocation, asset location and risk management. Possible investments include cash, bonds, stocks, real estate funds, hedge funds, private equity funds, timber funds and commodity funds. A balanced portfolio that is tax-efficient is the goal.
Integrated Wealth Concepts LLC
Integrated Wealth Concepts has several advisors on staff, by far the biggest team on this list. A full list of employees is not available, but the staff includes at least two certified financial planners, two chartered retirement plan counselors (CRPCs), two chartered leadership fellows (CLFs), two certified financial planners (CFPs), one certified investment management analyst (CIMA), one chartered financial advisor (CFA), one certified business exit consultant (CBEC), one certified public accountant (CPA), one chartered life underwriter (CLU) and one chartered financial consultant (ChFC).
Clients of the firm include both individuals and high-net-worth individuals, with more non-high-net-worth ones. Institutional clients include pension and profit sharing plans and charitable organizations.
Fees for investment advice are based on a percentage of assets under management, while financial planning fees are generally paid on an hourly or fixed basis. Some advisors at the firm also earn commissions for selling insurance and securities. This is a conflict of interest, but when acting as an advisor, staff must act in the clients best interest.
Integrated Wealth Concepts Background
IWC was founded in 2016. It is owned and operated by Paul Saganey and John G. Cataldo.
Services include investment management, financial planning, consulting, investment planning, retirement planning, personal savings and insurance needs.
Integrated Wealth Concepts Investment Strategy
A wide variety of analytical methods are used at IWC, including charting, fundamental analysis, tactical analysis, technical analysis, cyclical analysis, quantitative analysis, qualitative analysis, asset allocation, mutual fund analysis and criteria-based analysis. Advisors use long- and short-term purchases are used, plus trading, short sales, margin transactions, option writing and tax abatement strategies.
Argent Wealth Management
Argent Wealth Management, LLC is a fee-only firm with a team including five certified financial planners (CFPs), two certified public accountants (CPAs) and one accredited estate planner (AEP).
There is a minimum account size at the firm of $1 million. The majority of the clients are high-net-worth individuals, though there are also non-high-net-worth clients on the roster. Institutional clients include pooled investment vehicles, pension and profit sharing plans, charitable organizations and corporations.
Fees for investment management are based on a percentage of assets under management. Financial planning fees are either fixed or charged hourly.
Argent Wealth Management Background
Argent was founded in 2006. The principal owner is Argent Wealth Management Inc., David M. Duchesneau and William T. Baldwin own. Minority owners include Richard D. Kahn, Jerome J. Jacobs and Joseph E. Finn.
The firm’s services include investment advice, financial planning, tax advice, consulting and trustee services.
Argent Wealth Management Investment Strategy
Clients of Argent get a portfolio put together using fundamental and technical analysis. Both long-term and short-term purchases are used. Around 47% of client money is invested in mutual funds. A further 15% is invested in stocks, plus 14% in various types of bonds. Advisors also use cash, pooled investment vehicles and annuities.
Foster Dykema Cabot & Partners, LLC
Foster Dykema Cabot & Partners, LLC (FDC) is a fee-only firm serving more than 600 clients in total. High-net-worth individuals make up most of the firm’s client base, but FDC also serves individuals, pension and profit sharing plans, charitable organizations, pooled investment vehicles and corporations. The firm’s team includes four chartered financial analysts (CFAs).
FDC requires that new clients meet a minimum account size requirement of $5 million. For advisory services, FDC charges asset-based fees and fixed fees.
Foster Dykema Cabot & Partners Background
FDC has been in business since 1967. As for advisory services, the firm specializes in financial planning, portfolio management, advisor selection and credit and cash management solutions.
The firm is a part of the Focus Financial Partners, LLC partnership, and it is wholly owned by Focus Operating, LLC.
Foster Dykema Cabot & Partners Investment Strategy
FDC seeks investments it believes are improperly priced by the markets and which may generate sufficient returns for its clients, according to FDC’s firm brochure. The firm employs fundamental financial analysis when selecting publicly traded investments.
FDC mainly invests in publicly traded stocks, exchange-traded funds (ETFs), bonds and mutual funds.
Montis Financial, LLC
Montis Financial, LLC is a fee-only firm managing milliona in assets for clients including a nearly even mix of regular individual investors and high-net-worth individuals. The only institutional clients at the firm are corporations.
Montis' team includes four certified financial planner (CFPs) and one chartered life underwriter (CLU).
There is a minimum account size of $2 million at Montis. Fees are charged based on a percentage of assets under management for investment planning and on an hourly basis for financial planning.
Montis Financial Background
Montis was founded in 2012. Christopher Dalto, Montis Financial president, owns the firm.
Services offered at Montis include comprehensive planning, asset management, trusts, retirement plans and portfolio monitoring services.
Montis Financial Investment Strategy
Advisors at Montis use a variety of research materials to build portfolios. Around 80% of client money is invested in mutual funds. The rest is split between stocks, bonds and cash or cash equivalents. The individual strategies that each client uses are based on the goals and objectives stated to the advisors during their consultation.
Sensible Financial Planning and Management, LLC
Sensible Financial Planning and Management, LLC is a fee-only firm with millions in assets. Clients of the firm include both regular individual investors and a smaller but still substantial roster of high-net-worth investors. Charitable organizations are the only institutional clients at the firm.
Sensible's staff includes five certified financial planners (CFPs), one chartered financial advisor (CFA) and one retirement management advisor (RMA). The firm’s minimum account size is $500,000.
Fees for investment management are based on a percentage of assets under management, while fees for financial planning are a flat rate between $5,000 and $7,000.
Sensible Financial Planning and Management Background
The firm was founded in 2005. The majority owner is Frederick Hotchkiss Miller, Jr.
Services offered by the firm include financial planning, investment management, retirement planning, risk management, insurance, college savings, cash flow, debt management, work benefits, estate planning and incapacity planning.
Sensible Financial Planning and Management Investment Strategy
Advisors at Sensible make investment recommendations based on return and risk forecasts for various asset classes. Portfolios are built to maximize returns given the level of risk and volatility a client is willing to take on. For clients that want a specific income level in their post-retirement years, TIPS (Treasury Inflation Protected Securities) are built to provide that income.
Savior, LLC DBA Savior Wealth is a fee-based firm managing more than 1,000 clients, including individuals and high-net-worth individuals. Savior’s compensation arrangements mainly include asset-based fees and performance-based fees, but certain advisors also charge commissions. Both the performance-based fee arrangements and commission arrangements can create a conflict of interest, but the firm says it honors a fiduciary duty.
The firm’ staff of advisors presents a range of industry credentials, including the certified investment management analyst (CIMA), certified financial planner (CFP), certified exit planning advisor (CEPA), accredited investment fiduciary (AIF) and chartered financial analyst (CFA).
The firm has no set account minimum.
Savior Wealth Background
Owned by Todd M. Ingwersen and formed in 2018, Savior Wealth offers portfolio management, financial planning and pension consulting advisory services. The firm also uses a wrap fee program for its investment advisory services.
Savior Wealth Investment Strategy
Savior’s securities analysis methods include fundamental analysis, technical analysis, cyclical analysis and charting analysis. When offering investment advice, the firm employs long-term purchases, trading and short-term purchases.
Aspire Wealth Management Corporation
Aspire Wealth Management Corporation is a fee-only advisor serving mostly regular individual investors, with some high-net-worth clients as well. The only institutional money comes from pension and profit sharing plans.
Aspire's team includes two certified financial planners (CFPs) and one accredited investment fiduciary (AIF). The minimum account size is $250,000.
Fees for asset management are based on a percentage of assets under management while fees for financial planning are fixed.
Aspire Wealth Management Corporation Background
The firm was founded in 2012. It is owned and operated by founder and CEO Mark Khozozian and president and CCO William D’Agostino.
Aspire’s services include asset management, financial planning, college funding, retirement planning, tax planning, insurance and retirement plan advisory services.
Aspire Wealth Management Corporation Investment Strategy
Aspire advisors use mostly publicly available research materials to figure out which investments it will make with client money. Nearly all of the investments are in mutual funds -- around 90%. Stocks make up 6% of the investments and the rest is split between cash, structured notes, real estate investment trusts (REITs) and bonds.
The Harvest Group
The Harvest Group is a fee-based firm with a staff of advisors including three certified financial planners (CFPs), three chartered retirement planning counselors (CRPCs), one chartered market technician (CMT), one certified investment management analyst (CIMA) and one certified divorce financial analyst (CDFA).
The clients of Harvest are mostly non-high-net-worth individuals, with some high-net-worth clients as well. Institutional clients include pension and profit sharing plans and corporations. There is no minimum account size.
Wealth management fees are based on a percentage of assets under management while financial planning fees have a flat rate. Some advisors at the firm earn commissions for selling securities. This is a conflict of interest, but all must act in the best interest when serving as an advisor.
The Harvest Group Background
The Harvest Group was founded in 2016. It is wholly owned by Laurie Ingwersen and Roger Ingwersen.
Services at Harvest include wealth management, financial planning, business planning, cash flow forecasting, trust and estate planning, financial reporting, investment consulting, insurance planning, charitable giving, distribution planning, retirement planning, tax planning and risk management.
The Harvest Group Investment Strategy
Modern Portfolio Theory is the basis of the investment strategy at Harvest. This involves building a portfolio that seeks to maximize returns for a given risk level. The firm invests in a fairly mix of cash and cash equivalents, stocks and mutual funds. Some money is also invested in bonds.
SAVVI Financial LLC
SAVVI Financial LLC is a fee-only firm with asset-based fees and fixed fee compensation arrangements. The firm has no set account minimum, and it serves more than 90 clients such as individuals and high-net-worth individuals.
SAVVI's team features one certified financial planner (CFP).
SAVVI Financial Background
SAVVI is an investment advisory firm offering online financial and investment advice through computer software-based models. The firm’s key advisory services include financial planning and investment management.
SAVVI’s five co-founders are Dimitris Bertsimas, Gina Mourtzinou, Steve Kokkotos, Alex Sauer-Budge and Adrian Becker.
SAVVI Financial Investment Strategy
This firm says on its firm brochure that its investment management process utilizes quantitative methods and optimization formulations to provide long-term multi-period account transfers and asset allocation advice.
SAVVI uses specific asset allocations to ensure immediate cash flows while maximizing the overall sum of available asset value over the life of the plan.