Finding a Top Financial Advisor Firm in Woburn, MA
Woburn, Massachusetts offers many financial advisor firms, but we’ve narrowed down the area’s top advisors to make your search easier. We considered each firm’s assets under management (AUM), advisory services, minimum account size requirements, investment strategies and more. SmartAsset’s free financial advisor matching tool can also help you find the right match. The tool prompts you to fill out a short questionnaire that then pairs you with up to three local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Pinnacle Private Wealth Find an Advisor||$460,948,496||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Trust Advisory Group, Ltd. Find an Advisor||$613,580,405||$10,000|| || |
|3||93 Financial Group Find an Advisor||$335,427,440||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Flagship Private Wealth Find an Advisor||$185,933,700||Varies based on account type|| || |
Minimum AssetsVaries based on account type
What We Use in Our Methodology
To find the top financial advisors in Woburn, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Pinnacle Private Wealth
Pinnacle Private Wealth, LLC (PPW) comes in at second place with nearly $461 million in assets under management (AUM). The fee-based firm’s 12 advisors serve close to 1,400 clients, including individuals, high-net-worth individuals, trusts, estates, businesses and retirement plans. The firm doesn’t have a set account minimum.
Pinnacle’s compensation arrangements include asset-based fees, hourly charges and fixed fees. However, some of the firm’s advisors are registered broker-dealer representatives, so they can earn commissions from securities sales. This can create a conflict of interest if an advisor neglects client needs for commission-based sales, but Pinnacle says it honors a fiduciary duty.
The firm’s advisors offer a wide collection of qualifications. Some of Pinnacle’s advisors’ industry credentials include the certified financial planner (CFP), accredited investment fiduciary (AIF) and accredited investment fiduciary analyst (AIFA) designations.
Pinnacle Private Wealth Background
Owned by Daniel J. Cotton and Myles J. Dudley, Pinnacle was founded in 2009. The firm primarily operates in Woburn, but it has an affiliated office in Needham. Pinnacle’s advisory services consist of portfolio management, financial planning, pension consulting and selection of other advisors.
The firm also participates in environmental, social and governance (ESG) investing, and it also offers clients insurance planning.
Pinnacle Private Wealth Investment Strategy
Pinnacle's leading theme is to “Invest with Purpose,” and the firm believes that all portfolios must be well diversified among broad investment types with an optimal mix to meet different investment objectives, according to its website. The firm’s website states that its investment philosophy is that diligent fundamental research, coupled with a well-defined analytical process, is the key to identifying, recommending and monitoring investment opportunities that seek long-term results with less volatility.
Pinnacle generally constructs portfolios using low-cost, diversified mutual funds and/or exchange-traded funds (ETFs). When offering securities-related advice, the firm employs a combination of charting, technical and fundamental analysis.
Trust Advisory Group
Fee-based firm Trust Advisory Group, Ltd.’s (TAG) client base of nearly 1,400 includes individuals and high-net-worth individuals, banking and thrift institutions, trusts, estates, investment companies, pension and profit sharing plans, charitable organizations and government and municipal agencies. For its advisory services, the firm charges asset-based fees, hourly charges and fixed fees. But due to the firm’s fee-based fee structure, advisors may also earn commission-based compensation. TAG acknowledges that such compensation arrangements present potential conflicts of interest, so it promises to abide by its fiduciary obligation to work in each client’s best interest.
The firm doesn’t specify a general minimum account size requirement, but it imposes a minimum investment requirement of $10,000 for prospective clients looking to open an investment advisory account.
Trust Advisory Group Background
TAG was founded in 1994, offering portfolio management, financial planning and advisor referral services. The firm is solely owned by TAG Group, Inc. The firm’s services also include inheritance planning, trust and estate planning and risk management and insurance planning.
Trust Advisory Group Investment Strategy
TAG’s key investment strategies include long- and short-term purchases, trading, short sales, margin transactions and option writing. In evaluating securities, the firm applies technical analysis and fundamental analysis.
TAG invests in an array of securities and asset classes, including exchange-listed securities, equities or stocks, over-the-counter securities, securities in foreign companies, ETPs, warrants, private placements, certificates of deposit (CDs), municipal securities, investment company securities and various other investments.
93 Financial Group
93 Financial Group, LLC is a fee-based firm offering various advisory services to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations and business entities. The firm’s client base, which almost totals to 2,000, falls under the management of five advisors.
Prospective clients should take note of the firm’s fee structure, though. 93 Financial’s fee structure allows certain advisors to earn commissions from the sale of insurance or investment products. Keep in mind that this can create a conflict of interest if advisors favor such products over less expensive, more suitable investments. However, the firm says it abides by a fiduciary obligation to prioritize each client’s best interests.
93 Financial charges asset-based fees, hourly fees and fixed fees for its advisory services. The firm doesn’t specify an account minimum.
93 Financial Group Background
93 Financial Group was founded in 2004 as an insurance agency, but the firm became a registered investment advisor (RIA) firm in 2008. 93 Financial is led by Lawrence E. Welch and Paul J. Welch. James Welch and John Welch also manage the firm.
The company’s leading advisory services feature investment management and financial planning and consulting services. Clients also have access to insurance and retirement planning services.
93 Financial Group Investment Strategy
93 Financial says it takes a long-term investing approach, performing ongoing account monitoring and making asset allocation changes based on current market conditions, interest rates and the overall economic environment, according to its firm brochure.
The firm mainly allocates clients’ assets among mutual funds and exchange-traded funds (ETFs). In fact, 93 Financial’s Form ADV shows that 12% of its investments were in ETFs while 87% were in registered investment companies. The remaining 1% went to cash and cash equivalents.
Flagship Private Wealth
Flagship Private Wealth, LLC is a fee-based firm with nearly $186 million in assets under management (AUM). The firm’s four advisors serve individuals and high-net-worth individuals, individual retirement accounts, banks and thrift institutions, pension and profit sharing plans, trusts, estates, charitable organizations, state and municipal government entities, corporations and other business entities. Flagship currently manages more than 1,100 clients.
The firm’s minimum account size requirement varies based on account type, but generally ranges from $10,000 to $250,000. Flagship charges asset-based fees, hourly charges and fixed fees.
Flagship Private Wealth Background
Flagship began its operations in 2012, offering securities and advisory services through LPL Financial. In 2016, the firm became a registered investment advisor (RIA), continuing to offer securities through LPL Financial. Flagship’s management team includes founding partners and co-managers Ron Giunta, Betsy Johnson and Karl Warner.
The firm specializes in portfolio management, retirement plan consulting, financial planning and selection of other advisors. Flagship’s four key investment management platforms include Strategic Wealth Management (SWM), Optimum Market Portfolios (OMP), Personal Wealth Portfolios (PWP) and Managed Wealth Portfolios (MWP).
Flagship Private Wealth Investment Strategy
In its investment process, Flagship says it emphasizes continuous and regular account supervision. The firm typically builds portfolios consisting of exchange-traded funds (ETFs), individual stocks or bonds, options, mutual funds and other public and private securities or investments.
When conducting investment research and offering advice, Flagship relies upon long- and short-term purchases and option trading. The firm analyzes securities using technical, cyclical, charting and fundamental analysis.