Retirement Planning » Financial Advisors » Boston, MA

Financial Advisors Boston, MA

Latest update: November 14, 2019

Population4,870,000
State Income Tax5.05%
Median Home Price$656,200
City Sales Tax6.25%

Boston is the largest city in Massachusetts and is the twenty-first largest city in the United States.

Find a financial advisor in Boston, MA

A total of 8,740 financial advisors work in the Boston, Massachusetts area. Finding the right financial advisor in Boston can be an exhausting task.

We considered many financial advisors in Boston and chose the best options based on customer reviews, professional certifications, asset requirements and Securities and Exchange Commission filings.

Balanced Rock Investment Advisors

  • Assets Managed: $44 million
  • Minimum Assets: N/A

Balanced Rock Investment Advisors is an independent mission-driven financial advisor. The firm offers fee-only wealth management and financial planning services without selling financial products to clients. Balanced Rock provides customized low-cost and tax-efficient investment strategies.

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Beyond Your Hammock

  • Assets Managed: $17.8 million
  • Minimum Assets: N/A

Beyond Your Hammock specializes in helping professionals age 30 to 49 who earn over six figures strategize and take action to live well today while planning responsibly for tomorrow. All BYH systems, tools and strategies are designed to enhance the wealth of this particular demographic.

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Boston Retirement Advisors

  • Assets Managed: $254.7 million
  • Minimum Assets: N/A

Boston Retirement Advisors provides financial planning, retirement planning and asset management services. The firm has been in Boston since 1982 and recently partnered with Beck Bode Wealth Management to share resources and offer a broader range of services to clients. Financial advisory services are client-centered and comprehensive, with a disciplined approach to asset management.

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Artemis Financial Advisors

  • Assets Managed: $1.3 million
  • Minimum Assets: Varies

Artemis Financial Advisors helps clients realize goals with services and professionals who develop and help implement a comprehensive financial strategy. Clients benefit from financial planning and investment management services that are fully integrated. Artemis Financial Advisors also specializes in working with life transitions like divorce.

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Claro Advisors

  • Assets Managed: $340 million
  • Minimum Assets: N/A

Claro Advisors provides a fresh perspective on goals-based financial planning utilizing technology. This approach lends itself well to managing money efficiently. The average age for a financial advisor at Claro is 40 years old, which appeals to many who are seeking a financial advisor.

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Boston Financial Management

  • Assets Managed: $2.2. billion
  • Minimum Assets: $2 million

The financial specialists at Boston Financial Management work with clients to create a comprehensive and understandable financial plan to guide clients through financial needs throughout their life. One financial advisor works with each client, but that client has access to the firm’s comprehensive network of experts to answer any questions on financial challenges.

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Balanced Rock Investment Advisors

Financial advisors at Balanced Rock Investment Advisors focus on the controllable aspects of financial planning. Advisors keep investment expenses low while working with high-quality providers. Portfolios are typically well-diversified with some global and multi-asset classes. Balanced Rock’s mission statement is, “To provide you with the highest quality advice and management, personalized for your values and goals.”

Balance Rock Investment Advisors offers a broad range of financial advisory services. The firm can help individuals and families with budgeting, taxes, retirement planning, real estate and college and financial aid planning. Balanced Rock’s advisors provide several investment-related services, including tax-sheltered accounts like IRAs. The firm works with those who prefer values-based investing. See the website for more details, since this firm covers more financial areas than most others.

Balanced Rock Investment Advisors typically charges $200 hourly to work with a financial advisor, but the fee is negotiable. Wealth management services are billed at 0.75% of assets under management, with a minimum of $2,250 annually. The firm does not use a tiered percentage fee structure and charges nothing to manage 529 education savings plans.

Balanced Rock Investment Advisors
Assets Managed $44 Million
Minimum Assets N/A
Number of Advisors 3
Fee Structure Fee-Based
Address 252 Roslindale Ave

Beyond Your Hammock

Beyond Your Hammock in Boston provides financial advice, planning and investment management to professionals in their 30s and 40s. By focusing on one age group, BYH can develop and implement solutions and strategies that are particularly effective. A Certified Financial Planner at Beyond Your Hammock assists clients with using money as a tool to reach current goals while planning responsibly for future expenses.

Beyond Your Hammock offers three programs for working with a financial advisor. Financially Sound is a comprehensive financial planning program that provides a custom-designed plan and strategy to organize finances and prioritize goals with an action plan for growth. Investment Management is for those who don’t have the time to effectively manage their portfolio with the advantage of investment options unavailable to the general public. The Quick Start Financial Plan focuses on two or three financial topics with 90-minute to two-hour meetings with a financial advisor.

Beyond Your Hammock’s Quick Start program costs $200 to $300 per hour or a flat rate of $500 to $5,000. Fees for more comprehensive financial planning are between $750 and $3,000 upfront plus $100 to $500 per month. Investment advisory service fees are based on a percentage of assets managed.

Beyond Your Hammock
Assets Managed $17.8 Million
Minimum Assets N/A
Number of Advisors 1
Fee Structure Varies
Address 50 Milk St 15th Floor

Artemis Financial Advisors

Artemis offers fully integrated financial planning and investment management services that work hand-in-hand to provide clients with financial stability and growth. The firm works with all types of clients but specializes in helping with saving for retirement and moving through transitional life phases. Most Artemis clients meet with financial advisors because they don’t have time to spend on managing finances.

Artemis Financial Advisors divides services into financial plan development, personal finance education, wealth management, sustainable and responsible investing and divorce financial analysis. There is no minimum asset requirement for any financial planning services, other than $1 million to receive wealth management services. Financial advisors at the firm assist people who have lost a spouse, are selling a business or need to manage an inheritance. Divorce financial planning takes place before and during the divorce proceedings.

Artemis Financial Advisors offers subscription-based fees for financial advising with ongoing support and a financial plan. Clients pay a $2,000 to $3,000 one-time fee, then $299 per month, with a one-year commitment. Clients with under $1 million in assets who want Artemis to manage their investments pay 0.5% of managed assets. Clients who invest $1 million or more pay a percentage based on a four-tier schedule, or a $10,000 retainer for wealth management services. Wealth management includes initial and ongoing financial planning fees.

Artemis Financial Advisors
Assets Managed $1.3 Million
Minimum Assets Varies
Number of Advisors 3
Fee Structure Varies
Address 115 Newbury St, 302

Boston Retirement Advisors

Boston Retirement Advisors’ client-centered financial advisory and investment management services are intended to be ongoing rather than completed in a few sessions. The firm recently announced a partnership with Beck Bode Wealth Management, which offers responsive long-term investment guidance. Clients meet with their financial advisor a minimum of once or twice yearly, depending on the program they select.

Each Boston Retirement Advisors client receives a tailored financial management program. This program starts with an interview to determine the client’s requirements. Once the financial plan is developed, Boston Retirement Advisors and Beck Bode manage assets for the client based on long-term objectives.

Retirement planning clients receive a customized retirement plan after an in-depth conversation about lifestyle expectations and funding requirements to meet those expectations. Boston Retirement Advisors’ asset management program aims to create and preserve wealth and retirement income while reducing taxes and minimizing risk.

Boston Retirement Advisors charges a fixed fee for financial planning ranging from $1,500 to $12,000. The firm also offers hourly rates from $100 to $1,000. Asset management clients pay 2% of managed assets plus a 20% performance fee based on capital appreciation. If the portfolio loses value, there is no performance fee.

Boston Retirement Advisors
Assets Managed $254.7 Million
Minimum Assets N/A
Number of Advisors 19
Fee Structure Fee-Based
Address 858 Washington St Suite 100

Claro Advisors

Although the average age a financial advisor at Claro Advisors is 40, the team has experience assisting people through challenging financial situations as well as general financial planning. Financial advisors at the firm work with clients to simplify managing money while preserving capital and implementing the growth of wealth.

Claro Advisors’ financial advisory services include investment, retirement, insurance and college planning. The cash management program addresses finding the funds needed to see a financial plan through and then ensuring the cash is used to meet the client’s goals. Clients also learn to save for considerable expenses and to manage short- and long-term spending. The firm also handles estate and Social Security planning.

Claro charges a fee based on a percentage of managed assets for investment management services. Retirement planning services get capped at 0.50% of assets or a flat fee of up to $40,000 per year, depending on the size of the portfolio. Working with a financial advisor and financial planning costs up to $300 per hour unless the client negotiates a flat fee with the advisor.

Claro Advisors
Assets Managed $340 Million
Minimum Assets N/A
Number of Advisors 10
Fee Structure Fee-Based
Address 185 Dartmouth St 6th Floor

Boston Financial Management

Financial advisors and other specialists at Boston Financial Management are available to answer any questions clients have and to create a financial plan. The firm implements adjustments to financial plans and portfolios in response to life changes. Boston Financial Management breaks down personal financial services into different areas: wealth management, estate and financial planning, trust and fiduciary services, family office and endowments.

Boston Financial Management provides intergenerational wealth management services with estate and financial planning advice. A team of attorneys and financial planners help clients create a financial plan while considering complex family structures, taxes and future transfers of assets to heirs. There is no charge to work with a financial advisor for investment advisory clients.

Fees for Boston Financial Management services are based on a percentage of assets under management. Clients invested only in fixed income securities pay a minimum of $4,000 annually. All others pay a $24,000 minimum. Those who do not invest through the firm can still take advantage of services, but pay a negotiated fee that depends on the complexity of their finances.

Boston Financial Management
Assets Managed $2.2 Billion
Minimum Assets $2 Million
Number of Advisors 19
Fee Structure Fee-Based
Address 255 State Street 6th Floor

Conclusion

When choosing a financial advisor in Boston, MA, it’s important to do your homework. We recommend speaking with multiple advisors to ensure you have reviewed all of your options and have clear expectations.

When compiling our list we make sure to provide advisors suitable for all financial situations. We’ve included financial advisors that serve clients of all asset levels.

Boston Financial Advisors
Company Assets Managed Minimum Assets Fee Structure
Balanced Rock Investment Advisors $44 Million N/A Fee-Based
Beyond Your Hammock $17.8 Million N/A Varies
Artemis Financial Advisors $1.3 Million Varies Varies
Boston Retirement Advisors $254.7 Million N/A Fee-Based
Claro Advisors $340 Million N/A Fee-Based
Boston Financial Management $2.2 Billion $2 Million Fee-Based

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