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The Top Financial 10 Advisors in Wellesley, MA

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Finding the Top Financial Advisor Firms in Wellesley, MA 

It may be challenging to find a financial advisor in Wellesley, 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 six financial advisor firms in the area. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 F.L. Putnam Investment Management F.L. Putnam Investment Management logo Find an Advisor

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$ 2,280,471,228 No set account minimum
  • Financial planning services
  • Portfolio management
  • Publication of periodicals or newsletters

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Publication of periodicals or newsletters
2 New England Private Wealth Advisors, LLC New England Private Wealth Advisors, LLC logo Find an Advisor

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$1,816,672,265 $2 million
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

$2 million

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
3 Weston Financial Weston Financial logo Find an Advisor

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$1,756,077,924 Depend on Advisor
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Asset allocation and monitoring services

Minimum Assets

Depend on Advisor

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
  • Asset allocation and monitoring services

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4 Wellesley Investment Partners, LLC Wellesley Investment Partners, LLC logo Find an Advisor

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$409,922,660 $500,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$500,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
5 The Relaxing Retirement Coach The Relaxing Retirement Coach logo Find an Advisor

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$363,073,217 $1.5 million
  • Financial planning services
  • Portfolio management

Minimum Assets

$1.5 million

Financial Services

  • Financial planning services
  • Portfolio management
6 Peak Financial Management Inc. Peak Financial Management Inc. logo Find an Advisor

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$273,455,031 No set account minimum

Minimum Assets

No set account minimum

Financial Services

7 Claybrook Capital, LLC Claybrook Capital, LLC logo Find an Advisor

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$258,892,974 $1 million
  • Financial planning services
  • Portfolio management

Minimum Assets

$1 million

Financial Services

  • Financial planning services
  • Portfolio management
8 Strategic Planning Group, Inc. Strategic Planning Group, Inc. logo Find an Advisor

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$214,177,973 No set account minimum
  • Financial planning services
  • Portfolio managment

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio managment
9 Fairfield Financial Advisors Fairfield Financial Advisors logo Find an Advisor

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$174,734,866 No set account minimum ($5,000 minimum fee)
  • Financial planning services
  • Portfolio management

Minimum Assets

No set account minimum ($5,000 minimum fee)

Financial Services

  • Financial planning services
  • Portfolio management
10 Capital Formation Group, Inc. Capital Formation Group, Inc. logo Find an Advisor

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$141,855,946 $250,000
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$250,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors

How We Found the Top Financial Advisor Firms in Wellesley, MA

We began by compiling data on all financial advisor firms based in Wellesley, 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.

F.L. Putnam Investment Management

F.L. Putnam Investment Management

F.L. Putnam Investment Management Co. is a fee-only firm managing more than $2.2 billion in assets for its clients. Those clients include a mix of regular individuals and high-net-worth individuals, with more non-high-net-worth clients. There are also institutional clients including charitable organizations and corporations.

There are 15 advisors on staff at F.L. Putnam. The team in Wellesley includes four chartered financial advisors (CFAs), one retirement management analyst (RMA) and one financial paraplanner qualified professional (FPQP).

There is generally no minimum account size, but for accounts using the Schwab Institutional Intelligent Portfolio the minimum size is $5,000. Fees for wealth management is based on a percent of assets under management. Financial planning fees are charged either hourly or on a fixed rate.

F.L. Putnam Investment Management Co. Background

The firm was founded in 1983. A parent company owns most of the firm, F.L. Putnam Securities Company Incorporated. In addition to the Wellesley office, there are also locations in Portland, Maine; Providence, Rhode Island and Wolfeboro, New Hampshire.

Services offered at the firm include investment management, financial planning, investment analysis, income tax planning, insurance analysis, retirement planning, education funding, estate planning, tax flow analysis and budgeting assistance. 

F.L. Putnam Investment Management Co. Investment Strategy

A variety of securities will be put together to form a clients investment profile. Individual stocks are the most popular investment, with 64% of client money. Various types of bonds are also used, as are mutual funds and cash or cash equivalents.

New England Private Wealth Advisors, LLC

New England Private Wealth Advisors, LLC

New England Private Wealth Advisors is a fee-only firm with eight advisors on staff. Though the firm does not have a roster of advisors on its site, the firm does note that advisors have earned certifications including certified financial planner (CFP), chartered investment management analyst (CIMA), chartered financial advisor (CFA), accredited investment fiduciary (AIF), certified public accountant (CPA) and chartered financial consultant (ChFC).

The firm manages more than $1.8 billion for clients, most of whom are high-net-worth individuals. Institutional clients are all either charitable organizations or corporations. There is a minimum account size of $2 million.

Fees for investment management are based on a percentage of assets under management. Fixed fees are also used occasionally. 

New England Private Wealth Advisors, LLC Background

NEPWA was founded in 2005. Ira Rapaport, CEO and managing member, owns the firm.

Services offered at NEPWA include investment management, financial planning, tax planning, education planning, retirement planning, estate planning, insurance needs, personal cash flow, net worth statements, charitable giving, mortgage refinancing and establishment of retirement plans.

New England Private Wealth Advisors, LLC Investment Strategy

Advisors at NEPWA will consider a client’s overall situation before putting together a portfolio, taking into account investment objectives, risk tolerance, asset-class preferences, time horizons, tax situation and liquidity needs. Mutual funds are the most popular investment, with significant money also invested in stocks.

Weston Financial

Weston Financial

Weston Financial has more than $1.7 billion in assets under management. The fee-based firm mostly advises high-net-worth individuals, though there are some other individuals as well. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.

There are 15 advisors on staff at Weston, tied for the most of any firm on this list. The team includes three certified financial planner (CFPs) and two chartered financial advisors (CFAs). Weston doesn’t have a defined minimum account size -- it depends on the advisor.

Fees for investment management are generally based on a percentage of assets under management, while financial planning fees are fixed or hourly. Some staff earn commissions for selling securities or insurance products. This is a conflict of interest, but when acting as an advisor, all must act in the client’s best interest. 

Weston Financial Background

Weston was founded in 1983. It is a wholly-owned subsidiary of The Washington Trust Company, which itself is a wholly-owned subsidiary of Washington Trust Bancorp, Inc.

Services include wealth management, financial services, portfolio management and model portfolios.

Weston Financial Investment Strategy

Clients at Weston can use a customized portfolio or a model portfolio. Each model portfolio invests in between 5 and 12 mutual funds and exchange-traded funds. Customized portfolios could invest in mutual funds and exchange-traded funds as well, plus fixed-income securities, bonds, variable annuities, certificates of deposit, hedge funds, annuities and options contracts.

Wellesley Investment Partners, LLC

Wellesley Investment Partners, LLC

Wellesley Investment Partners, LLC is a fee-only firm managing more than $409 million. There is a $500,000 minimum account size to open an account. The clients of the firm are split between high-net-worth and non-high-net-worth clients. Institutional clients include pension and profit sharing plans, charitable organizations and corporations.

There are ten advisors on staff at WIP. That includes two certified financial planners (CFPs), two chartered financial advisors (CFAs) and one chartered special needs consultant (ChSNC).

Fees for asset management are based on a percentage of assets under management. 

Wellesley Investment Partners, LLC Background

WIP was founded in 2007. Wellesley Bank is the majority owner of the firm.

Services offered include asset management and investment advice.

Wellesley Investment Partners, LLC Investment Strategy

There are a number of asset allocation strategies available at WIP. Some focus on single asset classes while others are global strategies. Portfolios focusing on both fixed-income investments and equities are available. 

The Relaxing Retirement Coach

The Relaxing Retirement Coach

The Relaxing Retirement Coach is a colorfully named fee-only advisor with more than $363 million in assets under management. Clients are fairly evenly split between regular individuals and high-net-worth individuals. There are no institutional clients at the firm. The minimum account size is $1.5 million.

There is only one advisor at The Relaxing Retirement Coach. He does not list any certifications on his website. Fees for asset management are based on a percentage of assets under management while financial planning fees are charged a flat rate of $2,500. The minimum account size is $1.5 million.

The Relaxing Retirement Coach Background

John (Jack) M. Phelps -- the eponymous relaxing retirement coach -- founded the firm in 2003 and remains the president.

There are two main services offered by the firm. The Retirement Blueprint Development Program is a financial planning service focused on retirement, while The Retirement Blueprint Management Program is an asset management service.

The Relaxing Retirement Coach Investment Strategy

Phelps creates a custom retirement investment strategy for each client. This requires anyone who wants to take part in his investment management service first go through his financial planning service. 

Most client money is invested in individual equities -- 84%. This contrasts with many advisors who invest money in mutual funds and exchange-traded funds (ETFs). You’ll be getting a more active approach, as opposed to passive investing in funds that track market indices. 

Peak Financial Management Inc.

Peak Financial Management Inc.

Peak Financial Management is a fee-only firm with five advisors on staff. The team includes four certified financial planners (CFPs) and three chartered financial analysts (CFAs). There is no minimum account size.

Peak has more than $273 million in assets under management. Clients of the firm include both high-net-worth and other individuals, plus institutional clients including pension and profit sharing plans and corporations. 

Peak charges a fee based on assets under management for investment management. This includes financial planning as well. For those interested in financial planning without portfolio management, an hourly fee is charged.

Peak Financial Management Inc. Background

Pran Nath Tiku founded the firm in 1991 and remains the principal owner.

Client services include portfolio management, model portfolios, financial planning, cash flow planning, insurance analysis, investment analysis, retirement planning and estate planning.

Peak Financial Management Inc. Investment Strategy

There are five model portfolios at Peak Financial, each representing an investing mode:

  • Conservative
  • Income
  • Balanced
  • Moderate Growth
  • Growth

Each model could use a variety of investments including stocks, bonds, mutual funds and certificates of deposit (CDs).

Claybrook Capital, LLC

Claybrook Capital, LLC

Claybrook Capital, LLC is a fee-only firm managing more than $258 million for their clients. Those clients include a fairly even mix of high-net-worth and non-high-net-worth individuals, though less than two dozen of each. There are no institutional clients at the firm.

Three advisors work at Claybrook. The team does not list any financial certifications in their online bios. 

The minimum account size is $1 million. Fees for investment advising are based on a percentage of assets under management while financial planning services are billed hourly.

Claybrook Capital, LLC Background

The firm was founded in 2016. Jerry A. Nigro (founding partner, senior wealth advisor), Bruce Arella (founding partner, chairman, director of real estate) and Virginia Aaron (vice president, chief compliance officer) own and operate the firm.

Claybrook’s services include wealth management, investment management, financial planning, retirement savings, education savings and charitable giving programs.

Claybrook Capital, LLC Investment Strategy

Long-term investments are the name of the game at Claybrook. This means advisors look for securities to hold on to for at least a year, allowing them to gain value for investors. Some short-term investments may be used though, especially to rebalance a portfolio.

Fundamental analysis is the primary analytical method used at Claybrook. Resources include internet materials, third-party research materials, annual reports and prospectuses. 

Strategic Planning Group, Inc.

Strategic Planning Group, Inc.

Strategic Planning Group, Inc. is a fee-based firm with four advisors on staff. The firm does not have a list of staff members with financial certifications available.

SPG manages more than $214 million. Clients are mostly non-high-net-worth individuals, though some high-net-worth accounts are on the books as well. There is no account minimum.

Fees for financial planning are fixed, with the total based on the total assets. Fees for asset management, meanwhile, are based on a percentage of assets under management. One advisor is an insurance agent and may earn commissions for selling insurance products. This is a conflict of interest, but when acting as an advisor she must act in the best interest of the client.

Strategic Planning Group, Inc. Background

The firm has been operating since 1995. David Rourke is the president and majority shareholders. Jarrod Sherman, chief compliance officer, also holds equity in the firm.

Services offered include investment advising, financial planning, capital management, investment management and model portfolios.

Strategic Planning Group, Inc. Investment Strategy

SPG offers a number of model portfolios, mostly invested in exchange-traded funds (ETFs). The firm’s advisors don’t use frequent trading techniques -- investments are mostly held onto for the long-term. While most of the firm’s client money is invested in funds, a small amount is put into individual stocks and bonds.

Fairfield Financial Advisors

Fairfield Financial Advisors

Fairfield Financial Advisors is a fee-only firm with more than $174 million in assets under management. A bit less than 75% of the firm’s individual clients are not high-net-worth. Institutional clients are all pension and profit sharing plans. 

There are five advisors at the firm, including one certified financial planner (CFP). There is no minimum account size but the firm does have a minimum fee of $5,000.

Fees for asset management are based on a percentage of assets under management. 

Fairfield Financial Advisors Background

FFA has been around since 1993. Jane V. King is the president and the 100% stockholder.

Asset management is the main service offered at FFA. Occasionally it will also offer services outside of securities such as financial planning, taxation issues, estate planning and trust services. This is not generally a major part of the firm’s business.

Fairfield Financial Advisors Investment Strategy

FFA advisors use a strategic asset allocation approach. Preferred investments include actively-managed firms, common stocks, fixed-income securities and exchange-traded funds (ETFs). Money market positions, passively-managed indices and other investments may be used as requested by clients. 

Capital Formation Group, Inc.

Capital Formation Group, Inc.

The final firm on this list is Capital Formation Group, Inc. The fee-based firm manages more than $141 million. Clients are nearly evenly split between high-net-worth individuals and other individual clients. There is no institutional money at the firm.

Four advisors work at the firm. This team includes two certified financial planners (CFPs), one chartered financial consultant (ChFC) and one chartered life underwriter (CLU).

The minimum account size is $250,000. Fees for investment advising are based on a percentage of assets under management. Financial planning fees are paid on a fixed basis. The firm may earn commissions for selling insurance products. This is a conflict of interest, but when acting as an advisor staff must act in the client’s best interest.

Capital Formation Group, Inc. Background

CFG a was founded in 1985. John D. Williams, Michael J. Toomey and William M. Doran, Jr. are the principal owners.

Services include investment management, financial independence planning, retirement planning, insurance management, estate management, tax planning and business planning.

Capital Formation Group, Inc. Investment Strategy

There is no fixed-list of potential investments at CFG, and the firm does not have a minimum or maximum number of securities for each client portfolio. It uses fundamental and quantitative analysis to put together a portfolio and decide which securities will work best for clients. 

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research