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Winthrop Wealth Management Review

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Winthrop Wealth Management

Winthrop Wealth Management (WWM) is a fee-only financial advisor firm that has nine advisors who work with more than $1.13 billion in client assets under management (AUM). WWM is centrally located in the Columbus area of Boston, but it also runs an advisory office in Westborough, Massachusetts. The extensive range of services at Winthrop stretch across investment management, financial planning, retirement plan consulting and independent manager selection.

Winthrop Wealth Management Background

Winthrop Wealth Management has been in business since 2017. Co-President/CIO Mark Winthrop and Co-President Earl Winthrop founded the firm. The brothers are still the principal owners of WWM.

Winthrop has just nine advisory staff members, but this group holds 11 advisory certifications. This list includes three chartered financial analysts (CFA), three certified financial planners (CFP), two certified public accountants (CPA), two professional plan consultants (PPC) and one accredited investment fiduciary (AIF).

What Types of Clients Does Winthrop Wealth Management Accept?

Winthrop Wealth Management’s typical client base is made up of a combination of individuals, high-net-worth individuals, estates, trusts, businesses, charitable organizations, pension plans and profit-sharing plans.

Winthrop Wealth Management Minimum Account Size

The advisory services of Winthrop Wealth Management do not come with any sort of minimum account size stipulations.

Services Offered by Winthrop Wealth Management

Winthrop Wealth Management’s client service offerings are anchored in investment management, financial planning, retirement plan consulting and, occasionally, independent manager selection. The list below breaks down each services available at WWM:

  • Financial planning and consulting
    • Retirement planning
    • Estate planning
    • Trust planning
    • Cash flow planning and analysis
    • Insurance planning and review
    • Education cost analysis and planning
    • Business succession planning
    • Social Security strategy planning
    • Major purchase planning
    • Tax planning and minimization
  • Investment management
    • Available as either a discretionary or non-discretionary service
    • Risk- and financial goal-adjusted portfolios
    • Focuses on:
      • Equities
      • Fixed-income securities
      • Exchange-traded funds (ETFs)
      • Mutual funds
      • Master limited partnerships (MLPs)
      • Real estate investment trusts (REITs)
      • Alternative investments
    • Separate management or advice for certain investment products
    • Client investment discretion
  • Retirement plan consulting
    • Investment policy statement (IPS) development
    • Plan design and strategy creation
    • Current plan evaluation
    • Plan fee and cost analysis
    • Investment advice and selection
    • Meetings with plan committee
    • Education for participants
  • Independent manager selection
    • Reviews of:
      • Disclosure documentation
      • Third-party analyses
      • Investment strategies
      • Past performance
      • Risk exposure
      • Financial strength
      • Pricing
      • Research capabilities

Winthrop Wealth Management Investment Philosophy

Like much of the advisory market, Winthrop Wealth Management maintains a long-term style within each investment portfolio it helps form. The firm states that it does this to avoid the volatility associated with short-term investing. As a result, many of the investment types WWM utilizes include fixed-income securities, mutual funds, ETFs, REITs and MLPs. Should your financial needs call for it, the firm may use equities as well, though it does typically stick to well-established stocks.

In order to serve each client holistically, Winthrop has created the following four-step process:

  • Step 1: Analyze goals and current portfolio - This consists of a general overview of your current investment holdings and your future financial objectives.
  • Step 2: Determine investment policy and asset allocation - At this point, your investor profile is morphed into a specific investment policy and, eventually, an asset allocation.
  • Step 3: Construct portfolio - Once you and your advisor agree on the plans for your portfolio, your funds are actually invested in the market.
  • Step 4: Manage and monitor the portfolio -  As your investments mature, the firm will keep an eye on your portfolio to ensure the asset allocation stays in proportion. Performance reports will be regularly done.

Fees Under Winthrop Wealth Management

Each set of services at Winthrop Wealth Management comes with a separate fee schedule. Instead of adhering to a continuous annual fee, financial planning clients will pay a negotiable fixed fee that ranges anywhere from $5,000 to $15,000 depending on the complexity of your services. This charge is due at the execution of your financial plan.

Clients who subscribe to WWM’s investment management and retirement plan consulting services will instead have an asset-based, negotiable annual fee schedule. The scope of these services will determine where you fall within the 0.30% to 1.25% fee range. Rather than request payment on an annual basis, Winthrop divides all fees into four quarterly charges made in advance.

Winthrop Wealth Management Fees
Service Fees
Financial Planning and Consulting $5,000 - $15,000 fixed fee
Investment Management 0.30% - 1.25% annual fee based on AUM
Retirement Plan Consulting 0.30% - 1.25% annual fee based on AUM

What to Watch Out For

Winthrop Wealth Management is a fee-only financial advisor firm, which means that its only form of compensation comes from client-borne fees and other charges. However, some of WWM’s advisors, in their individual capacities, sell insurance policies and/or securities that could result in additional commissions and earnings. A situation such as this could incentivize advisors to initiate these sales even if they do not necessarily benefit clients. Though this represents a clear conflict of interest, Winthrop Wealth Management and its advisors abide by fiduciary duty, legally binding them to act in clients’ best interests no matter what.

Disclosures

There are no legal or regulatory disclosures listed on Winthrop Wealth Management’s SEC-filed Form ADV.

Opening an Account With Winthrop Wealth Management

The best way to get a consultation with a Winthrop Wealth Management financial advisor is to call the firm closest to you. You can reach the firm’s Boston branch at (617) 530-1010, while the Westborough location is available through (508) 836-5500. If you prefer web-based communications, send an email to info@winthropwealth.com with your inquiry and information.

Where Is Winthrop Wealth Management Located?

Winthrop Wealth Management has two offices less than an hour away from each other at the following addresses:

  • 321 Columbus Avenue, Fourth Floor, Boston, MA 02116
  • 1400 Computer Drive, Suite 105, Westborough, MA 01581

Tips to Plan for Your Retirement

  • Many Americans get fixated on the balance of their 401(k)s, IRAs or other retirement accounts when planning for their golden years. Make sure that you don’t forget about Social Security, though, when considering your retirement, as this income stream is perfect for supplementing your existing funds. If you’re unsure of what you can expect to receive, SmartAsset’s Social Security calculator can help clarify matters.
  • Just because your retirement accounts collectively show a particular balance, that doesn’t mean that’s what you’ll actually have readily available to spend. There are many outside factors that can alter what your retirement distributions might look like, such as taxes. Take a look over our pointers for how to plan for the withdrawal of your retirement assets.
  • If you find yourself overwhelmed at the prospect of preparing for your retirement, a financial advisor could help you simplify things. The SmartAsset financial advisor matching tool can set you up with as many as three fiduciary advisors in your area. Simply take a few minutes to go through the obligatory questionnaire to ensure that your matches are the best fits for your overall needs.

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