Coastal Wealth Management

Tel: 860-245-0251
56 Williams Avenue
Mystic, CT 06355
Coastal Wealth Management | Financial Advisor in Mystic ,CT

Don't Keep Your Financial Success a Secret!

About Coastal Wealth Management

Putting clients first; it's what we do.

We provide personalized financial advice to help you make it through today's challenges and stay focused on tomorrow's goals.

It's our honor to share that Ameriprise earned a 2021 Hearts & Wallets Top Performer recognition in:

  • "Unbiased, puts my interest first"
  • "Investment ideas knowledgeable, timely, and tactical"
  • "Offers personal financial advice"

  • About Coastal Wealth Management

    Your financial goals are individual, and we can help you achieve them.

    We take the time to understand whats truly important to you, whether its saving for college, retiring the way you want, making smart investments or anything else.

    The personalized financial advice we offer can help you prepare for the expected and unexpected things in life. As a result, you can feel more confident, connected and in control of your financial life.

    With the right financial advice, life can be brilliant.

    We focus as a firm on the following niches: retirement planning strategies, tax planning strategies, and employee stock options.

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    General Information

    Firm Start Year:   2007
    No. of Employees:   10-19
    Insurance License#:   6371173
    Name of Broker/Dealer:   Ameriprise
    Name of Custodial Firm:   Ameriprise
    States Licensed in:   All States
    Number of Years with Current Firm:   2
    Work with the following types of clients:   Businesses, Non-Profit Organizations, Individual Investors
    Foreign Languages Serviced:   English
    Advisory Services Provided:   Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Legal Advice and Services, Financial Advice & Consulting


    Investment Types:   Insurance, Annuities, Stocks, Bonds, Options & Futures, Mutual Funds, Mortgages & Real Estate, Alternative Investments, Exchange Traded Funds (ETFs), Commodities, Socially Responsible Investments (SRI)
    Can meet clients in the following ways:   Our Office, Phone, Email, Your Office, Your Home, Video Conference, Our Offices

    Qualifications & Memberships

    Insurance and Annuity Licenses:   Long Term Care, Accident, Annuity, Health, Life, Disability, Variable Life, HMO, Casualty, Property, Variable Annuity

    Firm Information

    Firm's Number of Clients:   1500
    Firm's Number of Planning Clients:   280
    Firm's Number of Managed Clients:   1500
    Assets Managed by Firm:   815000000
    Advisor's Number of Clients:   1500
    Advisor's Number of Managed Clients:   1500
    Advisor's Number of Planning Clients:   280
    Assets Managed by Advisor:   815,000,000

    Compensation and Fees

    Fee Structure:   Fee-Based
    Minimum Portfolio Size for New Managed Accounts:   500,000
    Compensation Methods:   Based on Assets, Flat Fee
    Fee % Based on Assets:   1
    Additional Details on Charges:   The only fee charged is the management fee plus a comprehensive planning fee if you choose financial planning. We do not charge extra for ticket charges or administrative charges.
    Minimum Fee Charged for Managed Accounts:   0
    Minimum Fee Charged for Hourly Planning Accounts:   0


    Bachelors  - Economics   Yale University  - New Haven

    Financial Services

    Portfolio Management

    As a firm, we learned how to build diversified portfolios based on the risk parameters required from a variety of different firms. At CWM, we use the combined experience of over 100 years to use asset allocation to effectively minimize risk, protect principal, and drive returns based on various risk profiles. We determine the strengths, weaknesses, threats, and opportunities regarding the assets and their performance and make an optimum choice so as to maximize the returns from the pool of assets.

    401K Rollovers

    The key to successful 401K rollovers is for the advisor to become intimately aware of the client's employers process and ensure a smooth transition. At CWM, we do the legwork and have a seamless process to make sure the rollover is successful and with few headaches for the client.

    Retirement Planning

    Retirement planning is the process of determining retirement income goals, and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, sizing up expenses, implementing a savings program, and managing assets and risk. At CWM, we embrace retirement planning.

    Insurance Planning

    As experienced insurance agents, we do offer insurance as needed by the client.


    As experienced insurance agents, we do offer fixed or variable annuities as needed by the client. However, we prefer to stick to overall wealth management and prefer vehicles other than annuities to achieve our clients wealth targets.

    Estate Planning & Trusts

    We partner with several different estate and trust attorneys to make sure the client experience is seemless.

    Tax Advice and Services

    Although several of our advisors have tax backgrounds, we prefer to liase with CPAs and tax attorney's who specialize in this field to make sure our advice is targeted and on point.

    Investment Advice & Management

    We provide investment advice as needed and have at least two meetings with clients per year to make sure we are sticking to the financial plan and goals of the client.

    Wealth Management

    Wealth management is more about integrating the pieces and advice regarding the financial aspect of an individual. It provides a holistic approach where a manager coordinates with their services so as to manage their money and plan accordingly so as to meet the present and futuristic financial needs and requirements posed by the clientele. / At CWM, we form a designated plan so as to increase the clients wealth based on the financial situation, goals and level of risk tolerance. We develop the plan and continue to update and review the plans so as to rebalance the financial portfolio whenever required. This is usually appropriate for individuals who have an array of diverse requirements and need to balance between them.

    Risk Management

    Risk is inseparable from return. Every investment involves some degree of risk, which is considered close to zero in the case of a U.S. T-bill or very high for something such as emerging-market equities or real estate in highly inflationary markets. Risk is quantifiable both in absolute and in relative terms. A solid understanding of risk in its different forms can help investors to better understand the opportunities, trade-offs, and costs involved with different investment approaches. CWM thinks about risk management in every facet of our clients lives.

    Money Management

    Effective money management is an essential component for achieving your long-term goals like buying a house and starting a family. Maintaining a budget enables you to save for all the things you hope to someday do. At CWM, we practice money management for all of our clients.

    Financial Planning for Businesses

    Integrated financial planning process will involve: Determining both business and personal goals / Conducting an assessment of business and personal resources, and determining which areas have opportunities for improvement / Developing and implementing a strategy to help you achieve your vision and making sure to balance business and personal goals / Monitoring the strategy to determine whether you are on track or if adjustments need to be made in light of changing business and personal goals / There are many important personal financial planning considerations for you to dive into with us at CWM such as: Cash flow planning / Retirement planning / Investment planning / Estate planning / Risk management / Tax planning /

    Financial Planning for Individuals

    A financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. At CWM, financial planning is an ongoing process that will reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement. Financial planning is important because it allows you to make the most of your assets, and helps ensure you meet your future goals.

    Financial Advice & Consulting

    Effective wealth management combines financial advice and consulting into one effective platform and this is just another aspect of our wealth management at CWM.

    Education Funding and Planning

    As part of our comprehensive wealth management, education funding and planning is just one of many goals we will cover and ensure that its met with success.


    WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest.

    Additional Detailed Disclosures



    Ameriprise financial advisors are individually registered to do business only in certain U.S. states. Please refer to an advisors personal website, for additional details. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2005-2021 Ameriprise Financial, Inc. All rights reserved. Users of this site agree to be bound by the terms of the Ameriprise Financial Website Rules and Regulations.

      22 Years of Experience

    • Firm CRD# 6161
    • Insurance License# 6371173
    • SEC File# 6161
    • Series: 6, 7, 24, 53, 63, 65, 66


    Registered Investment Advisor:


    Registered Representative:


    Investment Advisor Representative:


    Acknowledged fiduciary:


    Compliance Disclosures in Last 5 years:

    Have a clean record

    Criminal Disclosures in Last 5 years:

    Have a clean record

    Office Hours

    Mon. 9:00 AM - 5:00 PM
    Tue. 9:00 AM - 5:00 PM
    Wed. 9:00 AM - 5:00 PM
    Thu. 9:00 AM - 5:00 PM
    Fri. 9:00 AM - 4:00 PM

    Communities Served

    Connecticut, New York, Florida, Massachusetts, Vermont, New Jersey, Pennsylvania, Rhode Island

    Awards & Recognitions

    Barron's Top 1200 Advisors State - '17, '18, '20

    Barron's Top Advisors by State

    Financial Times Top 400 Advisor - 2018-2020

    Financial Times Top 400 Advisors in the Country

    Forbes Best-in-State Wealth Advisors - 2018-2020

    Forbes Ranking of Best Advisors in the Country

    Chairman's Advisory Council - Ameriprise Top Adv

    Top 90 Advisors at Ameriprise, 2017-2020

    Compensation Arrangements

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