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Find Top Financial Advisors in Newton, Massachusetts

Newton, Massachusetts, also known as the Garden City, is a suburban city just outside Boston. According to the latest studies, the cost of living in Newton is approximately 84% higher than the national average, making it extremely expensive to live in. It would perhaps be beneficial, if you live in an area this expensive, to have a financial advisor help you make your money work. Research has shown that those who work closely with a financial advisor tend to accumulate more wealth over a period of time than those who tried to DIY it. Finding a financial advisor who will work with your specific financial needs in mind could be a bit daunting. There are over 8,000 financial advisors to choose from in the Boston area and over 230 in Newton itself. At WiserAdvisor, we screen financial advisors and create a list of vetted advisors in the area as you can see in the list below. To help make it easier for individuals to find the right advisors that would be best suited for their needs, we also have a free tool to match you to 2-3 screened advisors. You may interview these advisors and choose the one that would work best for you. There is no obligation to hire any of these advisors. This free service can save you a lot of time.


We have been in business for the last 2 decades and constantly update and maintain a highly trusted directory of vetted fiduciary advisors that meet rigorous standards. You need a financial advisor who will understand your specific financial situation, and has the relevant financial qualifications in Newton, Massachusetts.

Finding the Top Financial Advisor in Newton, Massachusetts

Last Updated - November 27, 2023

Newton has 4 WiserAdvisor vetted Financial Planners and Advisors on the online list below for you to choose from and 10 non-vetted advisors in your local area. These financial advisors in Newton, Massachusetts have an average of 22 years of experience.

NOTE: The list of vetted financial advisors in Newton, Massachusetts mentioned below does not include all the advisors in our network due to their compliance listing restrictions. More vetted advisors may be available when you use our free match service to compare financial advisors near you in Newton, Massachusetts.

Qualified Financial Advisors in Newton, Massachusetts

Financial Advisor Experience AUM Minimum Assets Fee Structure
Allworth Financial
ALLWORTH FINANCIAL
800 South Street Suite 350,
Waltham, MA 02453
Not Disclosed Not Specified Not Specified Fee-Based
Jonathan Straus
CSNA (Certified Special Needs Advisor)
COMMONS CAPITAL
254 Second Avenue, Suite 130,
Needham, MA 02494
24 Years $24,000,000,000 $25,000,000 Fee-Based
Josh Darwin
REGAL FINANCIAL
669 South St,
Needham, MA 02492
30 Years Not Specified $10,000,000 Fee-Based
Michael MacLean
CFP®
MERCANTILE PRIVATE WEALTH MANAGEMENT
255 Park Ave,
STE 1000,
Worcester, MA 01609
14 Years Not Specified Not Specified Fee-Based

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Information on Qualified Financial Advisors in Newton, Massachusetts

Qualifications Firm CRD# 111167

Compensation/Fee Fee-Based


Office Location 800 South Street Suite 350,
Waltham,
MA
02453
Phone Number 888-242-6766

About Allworth Financial

Allworth Financial

Allworth Financial has been providing transparent, straightforward, and honest financial advice to individuals and families for more than 26 years. They are a fiduciary, fee-based firm that focuses on helping people achieve financial confidence. The advisors at Allworth are not salespeople, so their sole interest is providing the recommendations and advice people need to hear. During your free consultation, the advisor will listen to your goals, answer your questions, and lay out a series of next steps for success.

Advisory Services Provided:

Retirement Planning, Tax Advice and Services, Estate Planning & Trusts


Qualifications CRD# 2839717
Firm CRD# 165738
Series 7, 24, 63, 65, 66

Compensation/Fee Fee-Based, Based on Assets


Office Location 254 Second Avenue, Suite 130,
Needham,
MA
02494
Phone Number 617-431-5155

Jonathan is the Founding Principal of Commons Capital. He has worked for many of the big Wall Street firms over his career including Smith Barney, Tucker Anthony, RBC Dain Rauscher, Advest and Merrill Lynch/Bank of America  three of them by way of acquisition. Jonathan has an extensive background providing comprehensive wealth management advice and services to individuals, multigenerational families, businesses and institutions. He is a member of a select group of advisors who can offer personalized, discretionary asset management services. This enables him to function as your personal portfolio manager and to construct a portfolio that is aligned with your investment objectives, time horizon, risk tolerance, and overall financial strategy. For the last 13 consecutive years, Jonathan received the Boston Magazine FIVE STAR Wealth Manager Award for Overall Satisfaction. Five Star Professional partnered with Boston Magazine to conduct research to identify a select group of wealth managers who are exceptional in both their ability and their commitment to overall satisfaction. Fewer than 3% of the 20,000 wealth managers in the Boston area were selected. For the last 12 years, Jonathan was named to the Barron's Winners Circle Top Independent Advisors and invited to attend the annual conference. The Barron's Winner's Circle Top Independent Advisors Summit brings together the best in the business. It is designed to facilitate a free-flowing exchange of information, ideas and insights through peer-based communication and an unwavering focus on best practices and winning wealth management strategies.

About Commons Capital

Commons Capital

Commons Capital is an independent, boutique private wealth management firm delivering an extraordinary multi-family office experience. Founded in 2009, the firm is headquartered in Needham, Massachusetts and maintains an office in New York City. We were established on the belief that we can greatly improve on the traditional Wall Street relationship. While economies of scale may substantially benefit financial institutions, they also create potential costs in the form of conflicts of interest. Our independence frees us from those biases and allows us to focus on what is important  you. We have created a dynamic organization offering effective, flexible, and visionary financial services to a select client base, transcending the capabilities and limitations of traditional firms. We work across continents and across cultures, calling upon all that our distinctive team have learned and have lived, to create innovative and decisive possibilities with the certainty of action.

Advisory Services Provided:

Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Insurance Products & Annuities


Qualifications CRD# 2153443
Firm CRD# 125004
Series 63, 65

Compensation/Fee Fee-Based


Office Location 669 South St,
Needham,
MA
02492
Phone Number 617-281-2721

Josh Darwin is a Registered Investment Advisor who helps investors of all sizes and experince levels. Josh has been helping investors in the markets since he graduated from Tufts in 1991. Josh beleives in holistic investing that starts with sound asset allocation and securities selection. Josh communicates well and provides a high touch advisory service. Josh lives in Needham and Fairhaven MA with his wife Ricki and sons Jack (18) and George (16). Josh enjoys following Boston Sports, golfing, boating, cooking, gardening and following markets of all types.

About Regal Financial

Regal Financial

Regal Investment Advisors focuses on the client relationship to understand your risk tolerance, time horizons, and objectives. We want to know your goals and dreams, and apply our expertise to help you achieve your desired outcome. Our goal is to help you become a better investor and create a financial plan that is right for you.

Advisory Services Provided:

Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Investment Advice & Management


Qualifications CRD# 5457640
Firm CRD# 5457640
Series 7, 66

Compensation/Fee Fee-Based, Commissions, Based on Assets


Office Location 255 Park Ave,
STE 1000,
Worcester,
MA
01609
Phone Number 774-239-1862

As a seasoned Certified Financial Planner® with over 13 years of industry experience, Mike brings objective insight to help his clients effectively address their most important financial priorities. He provides customized advice and investment strategies to affluent individuals, multi-generational families, and small business owners in Massachusetts and across the country. His holistic approach to financial management includes a thorough planning process and personalized strategies for his clients. Mike is a graduate of UMASS-Dartmouth, where he earned a Bachelor of Science in Finance. Prior to forming Mercantile Private Wealth Management, Mike was a Vice President of Investments at Morgan Stanley. Mike has been recognized by Forbes as a Next-Gen Best-In-State Wealth Advisor in 2019. He is actively involved in the community, serving on the Board of Directors for Canines for Disabled Kids, as well as coaching youth Baseball.

About Mercantile Private Wealth Management

Mercantile Private Wealth Management

Mercantile Private Wealth Management was founded with a determination to provide informed, unbiased, and customized advice to help clients reach their goals. We believe forging long-term relationships that serve you well is at the heart of everything we do.

Advisory Services Provided:

Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Investment Advice & Management, Estate Planning & Trusts


Customer Reviews

Top Financial Advisor Firms in Newton, Massachusetts (Ranked by AUM)

Firm Name No. of Advisors No. of Clients AUM Fee Structure
CAPITAL ADVISORS GROUP, INC
29 Crafts Street, Suite 270, Newton, MA 2458
27 151 $24,081,825,908
A percentage of AUM, Fixed fees, Performance Based, Other (A MINIMUM FEE OF UP TO $625.00 PER QUARTER MAY BE CHARGED.)
ASCENSUS INVESTMENT ADVISORS, LLC
95 Wells Avenue, Suite 160, Newton, MA 2459
44 27 $9,417,451,024
A percentage of AUM, Other (PERCENTAGE OF QUALIFIED TUITION/SFRP PROGRAM MANAGEMENT FEE)
GROVESTREET
2221 Washington Street, Building 1, Suite 201, Newton, MA 2462
36 43 $8,638,984,745
Fixed fees, Performance Based, Other (A PERCENTAGE OF COMMITTED CAPITAL;A PERCENTAGE OF REMAINING COST)
ADVISER INVESTMENTS
85 Wells Avenue, Suite 109, Newton, MA 2459
104 12259 $7,249,890,965
A percentage of AUM, Hourly charges, Other (MODEL PROVIDER FEE)
PROFICIO CAPITAL PARTNERS LLC
300 Washington Street Ste 601, One Gateway Center, Newton, MA 02458-1655
16 788 $2,856,308,685
A percentage of AUM, Fixed fees, Performance Based
REDWOOD INVESTMENTS, LLC
One Gateway Center, Suite 802, Suite 802, Newton, MA 2458
16 203 $2,198,985,463
A percentage of AUM
CASTANEA PARTNERS INC.
Three Newton Executive Park Ste 304, Newton, MA 2462
8 6 $937,000,000
A percentage of AUM, Other (CARRIED INTEREST)
EXCALIBUR MANAGEMENT CORP
Three Newton Executive Park, 2223 Washington Street, Suite 202, Newton, MA 02462-1433
9 819 $571,985,553
A percentage of AUM, Fixed fees
TREMONT REALTY CAPITAL LLC
255 Washington Street, Suite 300, Newton, MA 02458-1634
23 2 $456,279,478
Performance Based, Other (A PERCENTAGE OF THE EQUITY OF A CLIENT)
JONATHAN D. POND, LLC
300 Washington Street; One Gateway Center, Suite 413, Newton, MA 2458
3 181 $398,763,287
A percentage of AUM, Hourly charges, Subscription fees
BARCA CAPITAL, LLC
275 Grove Street, Suite 2-400, Newton, MA 2466
3 2 $297,430,314
A percentage of AUM, Performance Based
FINANCIAL PLANNING SOLUTIONS, LLC
120 Wells Avenue, Newton, MA 2459
5 1010 $215,294,824
A percentage of AUM, Hourly charges, Fixed fees

    List of Additional Advisors in Newton, Massachusetts*

    * Additional advisors listing is provided in partnership with Yext

    Financial Advisor Office Location Phone Number
    233 Needham Street, Suite 300, Newton, MA  02464 617-454-1070
    275 Grove Street, Suite 2-400, Newton, MA  02466 617-663-5595
    1126 Beacon St, Newton, MA  02461 781-752-5616
    18 Ripley Terrace, Newton, MA  02459 508-395-2500
    130 Rumford Avenue, Suite 101, Newton, MA  02466 617-527-4505
    130 Rumford Avenue, Suite 101, Newton, MA  02466 617-527-4505
    130 Rumford Avenue, Suite 101, Newton, MA  02466 617-527-4505
    1197 Centre Street, Newton, MA  02459 617-680-8952
    130 Rumford Avenue, Suite 101, Newton, MA  02466 617-527-4505
    1126 Beacon Street, Newton, MA  02461 617-725-5507

      Frequently Asked Questions

      Financial advisors in Massachusetts offer multiple financial services to help their clients including retirement planning, investment management, estate planning, financial planning, and wealth management. The specific services provided by the advisor can vary depending on the advisor's education, area of expertise, credentials, licenses, and more. Read on to better understand how financial advisors can assist you with the specific financial service you are looking for.

      When you are ready to choose a financial advisor in Massachusetts, it is important to consider their qualifications, years of experience, method of compensation, and track record. Look for advisors who are licensed and registered with FINRA or the SEC, have the appropriate education, and have a history of providing sound financial advice to clients in Massachusetts. To learn more, read the guide on choosing the best financial advisor.

      How much a financial advisor charges for their services in Massachusetts depends on the type and scope of services they provide. Some advisors charge approx. 1% of assets under management (AUM), while others may charge an hourly rate or fixed fee of approx. $7,500 and above. It is important to clarify the advisor's fee structure upfront and to understand any potential hidden costs or fees. To get a better understanding of how financial advisors charge and the factors influencing their fees, read more on what are the costs of hiring a financial advisor.

      Often the terms financial advisor and financial planner are used to indicate the same financial professional, but they are slightly different. Financial advisor is a generic and expansive term used for a professional who helps and assists in managing your finances. They provided a vast spectrum of services such as the purchase of stocks, creating investment strategies, managing portfolios etc., depending upon the needs of an individual. On the other hand, a financial planner is a qualified financial professional who works with companies and individuals to create a holistic plan with an aim to save, invest, and grow their clients money. A planner evaluates and analyzes the clients current situation and makes appropriate recommendations to meet their financial goals. Financial planners also hold credentials like CFP or CFA and are obligated to act in the client's best interests. To learn more, read on about the differences between financial advisors and financial planners.

      While already having a 401(k) or other retirement account is a positive step towards saving for retirement, a financial advisor in Massachusetts can provide helpful guidance and expertise beyond just managing your retirement account. They can help you set and prioritize your financial goals, optimize your investment strategy, manage risk, and provide knowledgeable financial market insights. With their knowledge and experience, a financial advisor can help you make informed decisions, navigate complex financial situations, and maximize the potential of your retirement savings. Explore why and when you might require a financial advisor to gain a better understanding of their role.

      The role of a financial advisor is to provide professional financial guidance, advice, and money management services to individuals or businesses. They assist clients in various financial matters, including investment management, retirement planning, wealth management, estate management, and more, depending on the needs of an individual. Financial advisors assess their client's financial goals and risk tolerance and stay updated on market trends, investment options, and regulatory changes to provide informed advice. Additionally, financial advisors often act as fiduciaries, putting their client's best interests first while providing ongoing support and monitoring to help clients achieve their financial objectives. To make sure your best interests are being considered, read more about the role of a fiduciary financial advisor and the support they can provide.

      In Massachusetts, financial advisors are typically required to have qualifications that comply with state and federal regulations, such as having licenses and credentials such as Certified Financial Planners (CFP), Chartered Financial Analysts (CFA), Chartered Financial Consultants (ChFC), and more. Additionally, check if the advisor is registered with the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC), or the Massachusetts Securities Division. Lastly, consider their experience, reputation, and client testimonials to gauge their track record of delivering quality financial advice and services. To further explore a specific financial advisor's qualifications, click the "View Full Profile" button of each advisor listed in the directory above.

      A financial advisor in Massachusetts can assist with retirement planning by assessing your current financial situation, including income, expenses, assets, and liabilities, to determine your retirement goals and estimate the amount of savings required. They can then develop a personalized retirement plan tailored to your specific needs, considering factors like your desired retirement age, lifestyle expectations, and risk tolerance. Advisors can help you choose appropriate retirement accounts, such as IRAs or 401(k)s, and guide you in making investment decisions to grow your retirement savings. They can also analyze your Social Security benefits and provide the guidance you need for a successful retirement. If you are seeking to learn more about how a financial advisor can help you secure your financial future in retirement, learn more about why you should hire a retirement advisor.