Top Financial Advisors in Woburn, MA

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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.

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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.

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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.

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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.