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
- Investment management
- Available as either a discretionary or non-discretionary service
- Risk- and financial goal-adjusted portfolios
- Focuses on:
- 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
- Research capabilities
- Reviews of:
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|
|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.
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 firstname.lastname@example.org 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
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