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Top Financial Advisors in Woburn, MA

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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 Pinnacle Private Wealth logo Find an Advisor

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$460,948,496 No set account minimum
  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
2 Trust Advisory Group, Ltd. Trust Advisory Group, Ltd. logo Find an Advisor

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$512,853,076 $10,000
  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors

Minimum Assets

$10,000

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
3 93 Financial Group 93 Financial Group logo Find an Advisor

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$335,427,440 No set account minimum
  • Portfolio management
  • Financial planning

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
4 Flagship Private Wealth Flagship Private Wealth logo Find an Advisor

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$185,933,700 Varies based on account type
  • Portfolio management
  • Financial planning
  • Selection of other advisors

Minimum Assets

Varies based on account type

Financial Services

  • Portfolio management
  • Financial planning
  • Selection of other advisors

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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. 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.

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.

How Long $1mm 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 the cost of living in retirement for that location.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

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