Abbot Financial Management, Inc
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Overview
Abbot Financial Management, Inc is located at 63 Park Street, Andover, MA. The firm employs 3 financial advisors to manage client portfolios and provide financial guidance. Abbot Financial Management, Inc is not a registered broker-dealer.
Abbot Financial Management, Inc oversees $240.2 million in assets under management across 472 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors, high net worth investors, pension plans, and charitable organizations, with retail investors being the largest client type by accounts. The fee structure at Abbot Financial Management, Inc is asset-based. The firm has 63 high net worth clients.
Abbot Financial Management, Inc is registered in the states of California, Florida, South Carolina, Virginia, Maryland, New York, Massachusetts, New Hampshire, and New Jersey.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Abbot Financial Management, Inc by the Numbers
$240.2 million
4
472
$508.9 thousand
Products and Services
Abbot Financial Management, Inc offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. In the last fiscal year, Abbot Financial Management, Inc provided 45301 of its accounts with financial planning services. It does not sell products or offer services other than investment advisory services to its investment advisory accounts.
Core Advisor Services
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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.
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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.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees typically depend on which services are offered. Fees billed by Abbot Financial Management, Inc typically consist of the following fee type: asset-based.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with retail investors, high net worth investors, pension plans, and charitable organizations. Out of its 4 clients, Abbot Financial Management, Inc's biggest client group by number of accounts is high net worth investors, though it also manages money for 63 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 32.31%
- Other Individuals - 65.64%
- Corporations - 0.51%
- Charitable Organizations - 1.54%
* 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
Abbot Financial Management, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Abbot Financial Management, Inc
Andover, MA
Andover, MA
Andover, MA
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