Abbot Financial Management, Inc
Firm details
- Headquarters
- Andover, Massachusetts
- CRD number
- 111040
- Registered since
- November 3, 1983
- Website
- www.abbotfm.com
- Custodians
- NATIONAL FINANCIAL SERVICES LLC
- Fee structure
- Percentage of AUM
- Client types
- HNWI86.15%
- Individuals11.02%
- Charitable Organizations2.83%
- Services
- Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension Consulting
Firm profile
FINTRXOverview
Abbot Financial Management, Inc. is an independent, SEC-registered registered investment adviser that has been operating since 1983. The firm is owned by an individual and serves primarily individual and family clients on a percentage-of-assets-under-management fee model. Its advisory scope includes financial planning, portfolio management for individuals and small businesses, portfolio management for business or institutional accounts, and pension consulting. Abbot does not describe itself as an active ESG investor and is not positioned as a capital allocator; it relies on external managers for alternative exposure.
Assets & Accounts
Public Holdings
Investments & Alternatives
Location & Offices
Investment profile
FINTRXTraditional investments used
Alternative investments used
Active ESG investor
Technology & operations
FINTRXCRM & tech providers
TAMPs used
Clients
FINTRXClient base
Client personas
Asset composition
- Exchange Traded Equities58%
- Public Funds/Mutual Funds33%
- Cash & Cash Equivalents7%
- US Government Bonds1%
- State & Local Bonds1%
Owners & executives
1 of 1
Andrew Novelline
President and CEOCRD 4422210
Contacts
2 of 2
Dennis Wassung
Portfolio Manager and Wealth AdvisorCRD 4127189
Robert Mclemore
Advisor & Portfolio ManagerCRD 1226566
Wealth teams
FINTRXNewly hired reps
FINTRXRecent M&A activity
FINTRXRecent filings
FINTRXAwards
FINTRXETF holdings
1 of 67Active vs passive
$121M in ETFs
88%
$107M
7%
$14.9M
| ETF | Provider | Style | Category | Value | Shares | % of portfolio |
|---|---|---|---|---|---|---|
| VANGUARD GROWTH INDEX FUND (VUG) | Vanguard | Passive | Large Growth | $8.9M | 103,627 | 7.35% |
Location
Andover, MA
Essex
Location
Andover, MA
Headquartered in Andover, MA, anchoring the Boston-Worcester-Providence, MA-RI-NH-CT metro in the Northeast.
- Metro area
- Boston-Worcester-Providence, MA-RI-NH-CT
- Region
- Northeast
- County
- Essex
- Address
- 63 Park St
- Time zone
- ET (UTC-5)
- Office locations
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