2022 Reviews

Top Financial Planners in Boston - 2022

LAST UPDATED 7 Jul, 2022
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List of the Top Financial Planners in Boston

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Artemis Financial Advisors

Service Focus
14% Financial Planning
27% Asset Management
9% Financial Advisory
12% Budget Management
12% Retirement
25% Other
Service Focus
14% Financial Planning
27% Asset Management
9% Financial Advisory
12% Budget Management
12% Retirement
25% Other
Artemis Financial Advisors is a fee-only financial planning and investment management firm based in Boston, Massachusetts. They have no financial relationships with any brokerage firms, mutual fund companies, or money managers. They believe the best investment strategy for all clients is an outgrowth of a Proper financial planning exercise that addresses all of their financial needs and goals.

Beyond Your Hammock

Service Focus
30% Financial Planning
18% Asset Management
4% Financial Advisory
19% Budget Management
29% Retirement
1% Other
Service Focus
30% Financial Planning
18% Asset Management
4% Financial Advisory
19% Budget Management
29% Retirement
1% Other
BYH helps 30- and 40-something Professionals reach the financial freedom and peace of mind they desire. Financial planning is an ongoing Process that helps you make well-informed, mindful decisions throughout life. In working with BYH, you go from being reactive with your finances and waiting for something to happen, then trying to figure out how to deal with it.

Solari Financial Planning

Service Focus
23% Financial Planning
6% Asset Management
8% Financial Advisory
19% Budget Management
22% Retirement
20% Other
Service Focus
23% Financial Planning
6% Asset Management
8% Financial Advisory
19% Budget Management
22% Retirement
20% Other
Solari Financial Planning is a fee-only financial planning firm specializing in working with physicians and engineers. They have offices in Bedford, Nashua NH, and Boston MA. This firm also has the technology to reach clients no matter where they are. Their experience and expertise have led to requests and quotes in notable publicationsluding The Wall Street Journal.

Frequently Asked Questions About Financial Planners

The particular cost tends to depend on the range of services your chosen financial planner offers you, as well as their experience. Nevertheless, thorough financial planning can cost anything from $2100 to $11,000 each year.

Financial Advisors come in 3 basic flavours:
Transactional Advisors/Brokers/Insurance Agents charge clients a percentage or fixed amount for each purchase (and, in the case of stocks, bonds, or options, each sale, as well).
Financial Advisors who charge a fixed dollar amount to provide advice: for example, a financial or retirement plan, an asset allocation or an inheritance, tax, or succession plan. These Advisors have no asset minimum.
Investment Advisors (aka, Wrap-fee advisors, Fiduciary Advisors, Asset Fee-Based Advisors) both Advise and also Invest the money. They charge a fee that is a percentage of the assets under management. Typically, minimums are $100–200k, but maybe as high as $500k or a Million.

Given that there are over 100 certifications available to those in the financial industry, the CFP certification certainly stands out. For one, to be a CFP, one must be a fiduciary. This means that every CFP must put the needs of their clients ahead of their own. It can be surprising to learn that the majority of financial professionals are not required by law to do this and it is for this reason that the CFP and the CFP board unique and important entities where consumer protections are mentioned.

It means that your financial planner follows the fiduciary standard. This is a standard that means your financial planner puts your best interests ahead of their own. For example, if your financial planner has two similar investment products with varying fees, your financial planner that is also a fiduciary would have no choice but to recommend the investment product that has the lower cost to you, even if that means they would make less money from it. It is a standard that is great for you, the client and not necessarily for the financial planner.

What it simply means is that:

  • They must act in your best interest
  • They must provide information pertaining to any conflict of interest that may arise
  • They must clearly define how their money is made (commissions, asset-based fees, upfront fees, and more).

Generally, any professional that is able to help you take care of your money is to be considered a financial advisor. However, a financial planner is a financial advisor working within a specific niche known as financial planning. If your goal is to have a program that helps you achieve your long-term financial goals, then a financial planner would be the go-to professional.

The role of a financial planner is to provide expert assistance and advice in order to help you reach any financial goals you have set for yourself. These goals typically depend on your needs and your situation. A financial planner is able to help you with saving and budgeting, investing, debt reduction, estate planning, insurance, retirement, and tax optimisation.

Accreditation and certification
When talking to someone about your money and financial future, it is imperative that you know the person you aim to work with is actually qualified for the job. It is important to note that whilst accreditation is a wonderful sign, it does not guarantee that the individual is a great financial planner. This is why you ask for referrals and references.

Pay structure
Every financial planner comes with their own unique pay structure, so you have to select the one that helps determine if an investment was smart as it was intended to be. Generally, you want to avoid working with financial planners on a commission basis. They are likely to think more about their commission than meeting your needs.

Listen out for questions
A great way to ascertain the ethics of your chosen financial planner is to just listen to them while they speak. Additionally, you will want to pay attention to how many questions they ask you. Given that all financial situations and goals are different, there isn’t a cookie-cutter option. It is best to steer clear of financial planners that say otherwise.

Conduct a background check
Given the peculiarity of the relationship, there will have to be a fair amount of trust and transparency for your relationship with the financial planner to be successful. This is where you will want to learn more about their background. Find out if they have ever been investigated by an investment regulatory body or have been convicted for a crime.

There are quite a number of questions to ask a financial planner when you first meet them, however, the most important question is one that you pose to yourself; you have to know what you want in an advisor. Try to discover the type of services you will require and how much you are willing to pay for those services. Thinking about these questions will help you determine what questions to ask before hiring a financial planner. Below are the questions you should ask when hiring a financial planner:

  • What are your credentials?
  • Are you a fiduciary?
  • How do you get paid?
  • What services do you offer?
  • What is your investment philosophy?
  • How will investments be picked for me?
  • What benchmarks are used?
  • Who is your custodian?
  • What are your typical clients like?
  • How much contact will we have?
  • Do you have anyone else that works with you?
  • What is your succession plan?
  • Is it possible to view a sample financial plan?
  • Why should I choose you?

Compass Planning Associates

Service Focus
8% Financial Planning
20% Asset Management
11% Financial Advisory
21% Budget Management
18% Retirement
21% Other
Service Focus
8% Financial Planning
20% Asset Management
11% Financial Advisory
21% Budget Management
18% Retirement
21% Other
Compass Planning Associates is a team of experienced financial experts offering fee-only financial planning and investment advisory services. Their combined knowledge and experience, coupled with their interactive apProach, makes Compass Planning Associates the right choice for those seeking their own personal team of financial advisors. They are located in Boston.

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Lantern Financial

Service Focus
12% Financial Planning
21% Asset Management
20% Financial Advisory
14% Budget Management
18% Retirement
16% Other
Service Focus
12% Financial Planning
21% Asset Management
20% Financial Advisory
14% Budget Management
18% Retirement
16% Other
Lantern Financial is a comPrehensive, fee-only financial planning firm. They are dedicated to helping individuals and families in their Prime saving years to reach their goals and dreams and to achieve success in their financial lives. They help their clients in such areas as investment, insurance, tax, retirement, and estate planning, educational loan repayment, savings, debt, and cash flow management.

Concierge Wealth Management

Service Focus
25% Financial Planning
28% Asset Management
17% Financial Advisory
22% Budget Management
0% Retirement
7% Other
Service Focus
25% Financial Planning
28% Asset Management
17% Financial Advisory
22% Budget Management
0% Retirement
7% Other
Concierge Wealth Management is a community-based firm founded in 2010. They are committed to serving the needs of families and individuals seeking independent, objective, comPrehensive financial planning advice. Generally, their clients have roots in the Boston area, and the majority of their clients live within 15 miles of their waterfront office.

Boston Financial Management

Service Focus
27% Financial Planning
19% Asset Management
21% Financial Advisory
18% Budget Management
12% Retirement
2% Other
Service Focus
27% Financial Planning
19% Asset Management
21% Financial Advisory
18% Budget Management
12% Retirement
2% Other
Boston Financial Management was established in 1976. he firm has grown into investment management and wealth advisory firm, serving the needs of individuals, families, and institutions. BFM is an independent advisor registered with the Securities & Exchange Commission. Under the Investment Advisors Act of 1940, registration does not imply the level of skill or training.

Modera Financial Planning & Wealth Management

Service Focus
15% Financial Planning
1% Asset Management
12% Financial Advisory
21% Budget Management
17% Retirement
34% Other
Service Focus
15% Financial Planning
1% Asset Management
12% Financial Advisory
21% Budget Management
17% Retirement
34% Other
At Modera Wealth Management, they work to lead their clients toward the attainment of their financial aspirations. As fiduciaries, they put their clients’ interests first, while upholding the highest levels of integrity and Professionalism. They serve their clients the way they would want to be treated themselves, by partnering with them in a respectful, collaborative relationship.

Boston Investment Advisers

Service Focus
11% Financial Planning
6% Asset Management
5% Financial Advisory
28% Budget Management
44% Retirement
6% Other
Service Focus
11% Financial Planning
6% Asset Management
5% Financial Advisory
28% Budget Management
44% Retirement
6% Other
Boston Portfolio Advisers engage in no other business than managing money for its clients. Its team has over 55 years of combined experience in the investment management business and over 20 years working together managing diversified portfolios and individual stocks. Their advanced degreeslude two MBAs and a Ph.D.

Birch Hill Investment Advisors

Service Focus
38% Financial Planning
5% Asset Management
12% Financial Advisory
9% Budget Management
3% Retirement
33% Other
Service Focus
38% Financial Planning
5% Asset Management
12% Financial Advisory
9% Budget Management
3% Retirement
33% Other
Birch Hill Investment Advisors was founded in Boston in 2007 by Gary Mikula, Miner Crary, Rob O’Neil, and Tom Reilly. More than a decade later, the founders continue to be inspired by the loyalty of the many clients Birch Hill serves today and the confidence they have in the firm.

Commonwealth Financial Group

Service Focus
23% Financial Planning
19% Asset Management
23% Financial Advisory
1% Budget Management
11% Retirement
24% Other
Service Focus
23% Financial Planning
19% Asset Management
23% Financial Advisory
1% Budget Management
11% Retirement
24% Other
Massachusetts Mutual Life Insurance Company (MassMutual), was established in 1857 with the commitment of Providing extraordinary financial services to individuals, families, business owners, and companies. Over 150 years later, the agency’s original mission is still observed. Commonwealth Financial Group’s culture is characterized by teamwork, trust, cooperation, and collaboration.

Daniel Hall – AmeriPrise Financial Services

Service Focus
43% Financial Planning
21% Asset Management
3% Financial Advisory
9% Budget Management
2% Retirement
21% Other
Service Focus
43% Financial Planning
21% Asset Management
3% Financial Advisory
9% Budget Management
2% Retirement
21% Other
AmeriPrise Financial has helped millions of clients achieve their financial goals for more than 120 years. Their financial advisors use a personalized apProach to help clients plan for the full and rich life they’ve earned. They believe that with the right advisor, the right advice, and the right firm, life can be brilliant.

Sandra Gilpatrick

Service Focus
18% Financial Planning
14% Asset Management
10% Financial Advisory
28% Budget Management
18% Retirement
12% Other
Service Focus
18% Financial Planning
14% Asset Management
10% Financial Advisory
28% Budget Management
18% Retirement
12% Other
An experienced investment Professional for more than 23 years, Sandra focuses her business on holistic wealth management and planning for women. She helps women organize and understand their financial lives and guides them along a path toward their goals. Sandra wants women to be comfortable with their financial decisions and helps them to that end.

Darrow Wealth Management

Service Focus
11% Financial Planning
28% Asset Management
13% Financial Advisory
24% Budget Management
8% Retirement
16% Other
Service Focus
11% Financial Planning
28% Asset Management
13% Financial Advisory
24% Budget Management
8% Retirement
16% Other
Darrow Wealth Management Provides hardworking Professionals in the community an alternative to the impersonal nature of working with a big firm. Today, they are Proud to be uniquely positioned as a second-generation family business led by a Predominantly female team of financial advisors. Their clients want to work with an advisor – not a salesperson.

Choate Investment Advisors

Service Focus
27% Financial Planning
2% Asset Management
7% Financial Advisory
26% Budget Management
16% Retirement
23% Other
Service Focus
27% Financial Planning
2% Asset Management
7% Financial Advisory
26% Budget Management
16% Retirement
23% Other
Choate, one of the nation’s Premier law firms, is different from the vast majority of major firms in ways they believe materially benefit its clients. Choate’s clients extend across the US and many foreign countries andlude Fortune 500 companies, public and Private companies, PE/VC firms, financial institutions and wealthy individuals.

Freedom Trail Financial

Service Focus
14% Financial Planning
29% Asset Management
14% Financial Advisory
12% Budget Management
7% Retirement
24% Other
Service Focus
14% Financial Planning
29% Asset Management
14% Financial Advisory
12% Budget Management
7% Retirement
24% Other
Freedom Trail is Proud to be the independent, boutique wealth management Provider of biopharma and life sciences Professionals, women executives, individuals, and families across the Boston metro area. The mission of Freedom Trail Financial is to empower their clients to achieve their financial aspirations and enable them to live in accordance with their personal values while confidently planning for the future.

Fenway Financial Advisors

Service Focus
17% Financial Planning
19% Asset Management
22% Financial Advisory
18% Budget Management
8% Retirement
16% Other
Service Focus
17% Financial Planning
19% Asset Management
22% Financial Advisory
18% Budget Management
8% Retirement
16% Other
Fenway Financial Advisors is a fixed-fee advisor Providing efficient advice for "the 19%". Their personalized financial planning and investment advice are always delivered with their clients'? best interests first, combined with a relentless focus on low fees to help their clients achieve their goals. They are located in Boston, Massachusetts.

Claro Advisors

Service Focus
34% Financial Planning
6% Asset Management
4% Financial Advisory
15% Budget Management
25% Retirement
16% Other
Service Focus
34% Financial Planning
6% Asset Management
4% Financial Advisory
15% Budget Management
25% Retirement
16% Other
Financial planning is not just about your future, it's about your Present as well. Their focus on the needs and goals of their clients in combination with their deep experience, adaptive use of technology, and an innovative investment Process help them create better outcomes and happier clients. This company is founded in 2012 in Boston.

Crestwood Advisors

Service Focus
21% Financial Planning
1% Asset Management
27% Financial Advisory
25% Budget Management
21% Retirement
5% Other
Service Focus
21% Financial Planning
1% Asset Management
27% Financial Advisory
25% Budget Management
21% Retirement
5% Other
They strive to understand your unique circumstances, goals, and values and then develop strategies that seek to Protect, Preserve and grow your wealth. Their interests are aligned; fees are based on a percentage of assets under management. They not only help you achieve your individual goals, they forge lasting relationships.

Appleton Partners

Service Focus
4% Financial Planning
12% Asset Management
18% Financial Advisory
26% Budget Management
9% Retirement
31% Other
Service Focus
4% Financial Planning
12% Asset Management
18% Financial Advisory
26% Budget Management
9% Retirement
31% Other
As a trusted wealth management partner since 1986, Appleton Partners takes equal stock in relationships and investment performance to meet the individual needs of its clients. Their investment apProach starts with the belief that portfolio parameters ought to be aligned with client goals. Appleton Partners is a registered investment adviser.

Falcon Investment Advisors

Service Focus
29% Financial Planning
13% Asset Management
24% Financial Advisory
16% Budget Management
0% Retirement
18% Other
Service Focus
29% Financial Planning
13% Asset Management
24% Financial Advisory
16% Budget Management
0% Retirement
18% Other
Falcon is a Private equity firm that invests subordinated debt and equity capital in leading middle-market companies. With $3.6 billion of capital under management and an experienced investment team, Falcon is a responsive and resourceful financing partner. Falcon evaluates investment sizes from $30 to $150 million per transaction and has significant capital available for investment.