Flagship Private Wealth

CRD#175277
Investment Advisor Firm

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Overview

Flagship Private Wealth operates as an advisory firm located in Woburn, Massachusetts. The company administers $252.3 million in assets under management throughout 910 customer accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). It has a small team, including 4 financial advisors. Flagship Private Wealth does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like stocks, options and bonds.

Flagship Private Wealth administers all of the company's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell judgments for the client's account without requiring the client's authorization. The advisory firm's average account size is $277,239. An average financial advisor at Flagship Private Wealth administers around 228 client accounts.

Flagship Private Wealth's main office is located at 400 Trade Center - Suite 4990, Woburn, Massachusetts 1801. It is legally permitted to provide services to investors throughout a number of states, including California, Colorado, Connecticut, Florida, Maine, Massachusetts, New Hampshire, New York, Pennsylvania and Texas.

Assets Under Management

$252.3 million

Number of Advisors

4

Disclosures

No

Office Location

400 Trade Center - Suite 4990
Woburn, MA 01801

Flagship Private Wealth by the Numbers

Total Assets Under Management

$252.3 million

National Average: $8.6 billion
Total Number of Employees

4

National Average: 64
Total Number of Accounts

910

National Average: 375,227
Average Account Size

$277.2 thousand

National Average: $23.0 thousand
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Products and Services

Flagship Private Wealth provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior financial year, it provided 11-25 of its customers with financial planning services. The firm is not involved in selling products or offering services apart from investment advisory services to its investment advisory clients.

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.

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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

  • Offered by 20% of firms

    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.

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Fee Structure

A financial advisor's fees usually vary depending on the financial services offered. However, fee types billed by the company may include some blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

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 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 21% of firms that offer this fee type

    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.

  • 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

Flagship Private Wealth provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 910 accounts, Flagship Private Wealth's biggest client group is high net worth investors, though it also manages money for 337 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management 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 company's accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 62.29%
  • Other Individuals - 37.34%
  • Corporations - 0.18%
  • Charitable Organizations - 0.18%

* 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

Flagship Private Wealth does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Flagship Private Wealth

Giana Hebert
Woburn, MA
Elizabeth Johnson
Woburn, MA
Ronald Giunta
Woburn, MA
Karl Warner
Woburn, MA

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