Newman Dignan & Sheerar, Inc

CRD#107565
Investment Advisor Firm

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Learn more about Newman Dignan & Sheerar, Inc

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

    • Overview

    Newman Dignan & Sheerar, Inc is located at 260 West Exchange Street, Providence, RI. The firm employs 5 financial advisors to manage client portfolios and provide financial guidance. Newman Dignan & Sheerar, Inc is not a registered broker-dealer.

    Newman Dignan & Sheerar, Inc oversees $612.9 million in assets under management across 1,042 accounts, of which 1,024 are discretionary and 18 are non-discretionary. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and other services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Newman Dignan & Sheerar, Inc includes asset-based, hourly, fixed, and other fees. The firm has 167 high net worth clients.

    Newman Dignan & Sheerar, Inc is registered in the states of Connecticut, Florida, Louisiana, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Texas, and Virginia.

    Assets Under Management

    $612.9 million

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    260 West Exchange Street
    Providence, RI 02903

    Newman Dignan & Sheerar, Inc by the Numbers

    Total Assets Under Management

    $612.9 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    1,042

    National Average: 375,227
    Average Account Size

    $588.2 thousand

    National Average: $23.0 thousand
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    Products and Services

    Newman Dignan & Sheerar, Inc offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and other services. Notably, Newman Dignan & Sheerar, Inc did not provide financial planning services to any of its accounts in the last financial year. The Firm is not engaged in selling products or offering services other than investment advisory services 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

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    Fee Structure

    A financial advisor's fees usually depend on which services are offered. Fees billed by Newman Dignan & Sheerar, Inc likely include any blend of the following fee structures: asset-based, hourly, fixed, or other.

    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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    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.

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    Types of Clients

    The firm does business with a broad range of clients. The company caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, Newman Dignan & Sheerar, Inc's largest client group by number of accounts is high net worth investors, but it also manages money for 167 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 37.28%
    • Other Individuals - 56.47%
    • Corporations - 3.12%
    • Charitable Organizations - 3.12%

    * 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

    Newman Dignan & Sheerar, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Newman Dignan & Sheerar, Inc

    Erik Manchester
    Providence, RI
    Richard Cavanagh
    Providence, RI
    Edward Buxton
    Providence, RI
    Ann Keating
    Providence, RI
    William Newman
    Providence, RI
    John Sheerar
    Providence, RI

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