New England Capital Financial Advisors LLC

CRD#109203
Investment Advisor Firm

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Learn more about New England Capital Financial Advisors LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    New England Capital Financial Advisors LLC is an advisory company that has its headquarters in Meriden, Connecticut. It administers $440.6 million in total assets throughout 2,479 customer accounts, making it one of the larger firms in the United States by assets under management (AUM). The company has a small team, including 10 financial advisors. New England Capital Financial Advisors LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are tradable financial assets such as options, bonds and equities.

    New England Capital Financial Advisors LLC oversees 2,460 of the firm's accounts in a discretionary manner. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without requiring client authorization. The company also oversees 19 non-discretionary accounts with a total of $31.2 million in assets under management. New England Capital Financial Advisors LLC's average account size is $177,725. The typical financial advisor at New England Capital Financial Advisors LLC manages about 248 client accounts.

    The company's headquarters is at 79 Main Street, Meriden, Connecticut 06451-5118. It is legally permitted to serve customers across 18 U.S. states and territories.

    Assets Under Management

    $440.6 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    79 Main Street
    Meriden, CT 06451-5118

    New England Capital Financial Advisors LLC by the Numbers

    Total Assets Under Management

    $440.6 million

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    2,479

    National Average: 375,227
    Average Account Size

    $177.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    New England Capital Financial Advisors LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and educational seminars. In the prior fiscal year, the company provided 1-10 of its clients with financial planning services. It does not sell products or offer services other than investment advice to its investment advisory accounts.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Find a firm that offers this service

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors largely depend on which service is offered. However, fees charged by the company can consist of any combination of the following fee types: asset-based, hourly or fixed. New England Capital Financial Advisors LLC does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company works with retail investors, high net worth investors and pension plans. Out of its 2,479 clients, New England Capital Financial Advisors LLC's biggest client group is retail investors, although it also serves 180 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 16.5%
    • Other Individuals - 81.76%
    • Corporations - 1.74%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    New England Capital Financial Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at New England Capital Financial Advisors LLC

    Ann Marie Ocone
    Meriden, CT
    Christopher Beale
    Meriden, CT
    Christopher Lee
    Meriden, CT
    Darren Tapley
    Meriden, CT

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