# Fee-only financial advisors in Massachusetts

> Find financial advisors in Massachusetts who are paid only by client fees. AdvisorCensus lists 449 investment advisory firms with a principal office in Massachusetts that meet AdvisorCensus's fee-only test: paid only by client fees on Form ADV Item 5.E, with no employee registered with a broker-dealer or licensed as an insurance agent, no brokerage, insurance, or real estate sales business or related company, and no referral fees from others, as of October 2026. Firms are listed alphabetically. Sort by years registered or by assets under management, and see how this page is built below.

Updated October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/ma/fee-only/page/2

## At a glance

- Investment advisory firms: 449
- Registration: SEC-registered investment adviser: 166, State-registered investment adviser: 283
- How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 449 (100%); Percentage of assets 398 (89%); Hourly charges 211 (47%); Subscription fees (newsletter or periodical) 6 (1%); Fixed fees 247 (55%)
- Regulatory assets under management (Item 5.F): Under $25 million 149 (33%); $25 million to $100 million 97 (22%); $100 million to $500 million 90 (20%); $500 million to $1 billion 24 (5%); $1 billion to $5 billion 32 (7%); Over $5 billion 12 (3%); Not reported 45 (10%)
- Years registered: Under 5 years 132 (29%); 5 to 9 years 86 (19%); 10 to 19 years 115 (26%); 20 years or more 116 (26%)

## Firms (page 2 of 9, 51 to 100 of 449, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [Bounty Management Corp](https://advisorcensus.com/firm/bounty-management-corp-boston-ma-105732) ([md](https://advisorcensus.com/firm/bounty-management-corp-boston-ma-105732.md)) | 105732 | Boston, MA | State-registered investment adviser | $25 million to $100 million | 10 | % of assets |
| [Boylston Capital Management](https://advisorcensus.com/firm/boylston-capital-management-133140) ([md](https://advisorcensus.com/firm/boylston-capital-management-133140.md)) | 133140 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 30 | % of assets |
| [Brave Boat Capital Advisors](https://advisorcensus.com/firm/brave-boat-capital-advisors-boston-ma-275029) ([md](https://advisorcensus.com/firm/brave-boat-capital-advisors-boston-ma-275029.md)) | 275029 | Boston, MA | State-registered investment adviser | $25 million to $100 million | 11 | % of assets, Hourly, Fixed fee |
| [Breakwater Financial, LLC](https://advisorcensus.com/firm/breakwater-financial-llc-needham-ma-282401) ([md](https://advisorcensus.com/firm/breakwater-financial-llc-needham-ma-282401.md)) | 282401 | Needham, MA | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Hourly, Fixed fee |
| [Breckinridge Capital Advisors Inc](https://advisorcensus.com/firm/breckinridge-capital-advisors-inc-boston-ma-107143) ([md](https://advisorcensus.com/firm/breckinridge-capital-advisors-inc-boston-ma-107143.md)) | 107143 | Boston, MA | SEC-registered investment adviser | Over $5 billion | 33 | % of assets |
| [Broad Brook Financial](https://advisorcensus.com/firm/broad-brook-financial-173835) ([md](https://advisorcensus.com/firm/broad-brook-financial-173835.md)) | 173835 | Not reported, Not reported | State-registered investment adviser | Not reported | 8 | % of assets, Hourly, Fixed fee |
| [Broadwater Capital Management LLC](https://advisorcensus.com/firm/broadwater-capital-management-llc-boston-ma-125509) ([md](https://advisorcensus.com/firm/broadwater-capital-management-llc-boston-ma-125509.md)) | 125509 | Boston, MA | SEC-registered investment adviser | $100 million to $500 million | 4 | % of assets |
| [Brooknoll Advisors LLC](https://advisorcensus.com/firm/brooknoll-advisors-llc-boston-ma-298297) ([md](https://advisorcensus.com/firm/brooknoll-advisors-llc-boston-ma-298297.md)) | 298297 | Boston, MA | SEC-registered investment adviser | $1 billion to $5 billion | 7 | Hourly, Fixed fee |
| [Buff Capital Management, LLC](https://advisorcensus.com/firm/buff-capital-management-llc-newton-ma-110197) ([md](https://advisorcensus.com/firm/buff-capital-management-llc-newton-ma-110197.md)) | 110197 | Newton, MA | State-registered investment adviser | $25 million to $100 million | 14 | % of assets, Hourly |
| [Burr & Company, LLC](https://advisorcensus.com/firm/burr-and-company-llc-osterville-ma-141975) ([md](https://advisorcensus.com/firm/burr-and-company-llc-osterville-ma-141975.md)) | 141975 | Osterville, MA | State-registered investment adviser | $25 million to $100 million | 14 | % of assets |
| [By the Square Investments](https://advisorcensus.com/firm/by-the-square-investments-269971) ([md](https://advisorcensus.com/firm/by-the-square-investments-269971.md)) | 269971 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 9 | % of assets, Hourly |
| [C.j.gilbert Financial LLC](https://advisorcensus.com/firm/c-j-gilbert-financial-llc-weston-ma-300837) ([md](https://advisorcensus.com/firm/c-j-gilbert-financial-llc-weston-ma-300837.md)) | 300837 | Weston, MA | State-registered investment adviser | $25 million to $100 million | 7 | % of assets |
| [Cabot Wealth Management](https://advisorcensus.com/firm/cabot-wealth-management-beverly-ma-107327) ([md](https://advisorcensus.com/firm/cabot-wealth-management-beverly-ma-107327.md)) | 107327 | Beverly, MA | SEC-registered investment adviser | $1 billion to $5 billion | 43 | % of assets, Hourly, Fixed fee |
| [Cambridge Cape COD Advisors, LLC](https://advisorcensus.com/firm/cambridge-cape-cod-advisors-llc-sandwich-ma-133301) ([md](https://advisorcensus.com/firm/cambridge-cape-cod-advisors-llc-sandwich-ma-133301.md)) | 133301 | Sandwich, MA | SEC-registered investment adviser | $100 million to $500 million | 8 | % of assets, Fixed fee |
| [Cambridge Trustee Advisors Inc](https://advisorcensus.com/firm/cambridge-trustee-advisors-inc-106149) ([md](https://advisorcensus.com/firm/cambridge-trustee-advisors-inc-106149.md)) | 106149 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 14 | % of assets |
| [Canby Financial Advisors](https://advisorcensus.com/firm/canby-financial-advisors-framingham-ma-338797) ([md](https://advisorcensus.com/firm/canby-financial-advisors-framingham-ma-338797.md)) | 338797 | Framingham, MA | SEC-registered investment adviser | $500 million to $1 billion | 0 | % of assets, Hourly, Fixed fee |
| [Canopy Capital Group](https://advisorcensus.com/firm/canopy-capital-group-woburn-ma-326730) ([md](https://advisorcensus.com/firm/canopy-capital-group-woburn-ma-326730.md)) | 326730 | Woburn, MA | SEC-registered investment adviser | $1 billion to $5 billion | 1 | % of assets |
| [Cape ANN Capital, Inc.](https://advisorcensus.com/firm/cape-ann-capital-inc-concord-ma-128942) ([md](https://advisorcensus.com/firm/cape-ann-capital-inc-concord-ma-128942.md)) | 128942 | Concord, MA | SEC-registered investment adviser | $100 million to $500 million | 20 | % of assets, Fixed fee |
| [Capital Impact Advisors](https://advisorcensus.com/firm/capital-impact-advisors-boston-ma-168313) ([md](https://advisorcensus.com/firm/capital-impact-advisors-boston-ma-168313.md)) | 168313 | Boston, MA | SEC-registered investment adviser | $1 billion to $5 billion | 13 | % of assets |
| [Capital Wealth Management](https://advisorcensus.com/firm/capital-wealth-management-tewksbury-ma-137223) ([md](https://advisorcensus.com/firm/capital-wealth-management-tewksbury-ma-137223.md)) | 137223 | Tewksbury, MA | State-registered investment adviser | Under $25 million | 20 | % of assets, Hourly |
| [Capshift Advisors](https://advisorcensus.com/firm/capshift-advisors-west-newton-ma-309860) ([md](https://advisorcensus.com/firm/capshift-advisors-west-newton-ma-309860.md)) | 309860 | West Newton, MA | SEC-registered investment adviser | $500 million to $1 billion | 6 | % of assets, Fixed fee |
| [Carey S. Roebuck Financial Services, LLC](https://advisorcensus.com/firm/carey-s-roebuck-financial-services-llc-south-dennis-ma-280029) ([md](https://advisorcensus.com/firm/carey-s-roebuck-financial-services-llc-south-dennis-ma-280029.md)) | 280029 | South Dennis, MA | State-registered investment adviser | Under $25 million | 11 | % of assets |
| [Carl P. Sherr & Co., LLC](https://advisorcensus.com/firm/carl-p-sherr-and-co-llc-worcester-ma-3394) ([md](https://advisorcensus.com/firm/carl-p-sherr-and-co-llc-worcester-ma-3394.md)) | 3394 | Worcester, MA | SEC-registered investment adviser | $500 million to $1 billion | 20 | % of assets, Hourly |
| [Carlisle Financial Group, LLC](https://advisorcensus.com/firm/carlisle-financial-group-llc-157415) ([md](https://advisorcensus.com/firm/carlisle-financial-group-llc-157415.md)) | 157415 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 14 | % of assets, Hourly |
| [Cascade Wealth LLC](https://advisorcensus.com/firm/cascade-wealth-llc-322216) ([md](https://advisorcensus.com/firm/cascade-wealth-llc-322216.md)) | 322216 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 4 | % of assets, Hourly, Fixed fee |
| [Cascade Wealth Management Solutions Inc.](https://advisorcensus.com/firm/cascade-wealth-management-solutions-inc-333821) ([md](https://advisorcensus.com/firm/cascade-wealth-management-solutions-inc-333821.md)) | 333821 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 1 | % of assets, Hourly |
| [Catalyst Financial Partners](https://advisorcensus.com/firm/catalyst-financial-partners-boston-ma-299335) ([md](https://advisorcensus.com/firm/catalyst-financial-partners-boston-ma-299335.md)) | 299335 | Boston, MA | SEC-registered investment adviser | $1 billion to $5 billion | 7 | % of assets |
| [Cedar Rock Investment Advisors](https://advisorcensus.com/firm/cedar-rock-investment-advisors-143327) ([md](https://advisorcensus.com/firm/cedar-rock-investment-advisors-143327.md)) | 143327 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 19 | Hourly, Fixed fee |
| [Centerpoint Advisors, LLC](https://advisorcensus.com/firm/centerpoint-advisors-llc-needham-ma-156698) ([md](https://advisorcensus.com/firm/centerpoint-advisors-llc-needham-ma-156698.md)) | 156698 | Needham, MA | SEC-registered investment adviser | $500 million to $1 billion | 15 | % of assets, Hourly |
| [Centre Street Cambridge Corporation](https://advisorcensus.com/firm/centre-street-cambridge-corporation-cambridge-ma-128110) ([md](https://advisorcensus.com/firm/centre-street-cambridge-corporation-cambridge-ma-128110.md)) | 128110 | Cambridge, MA | State-registered investment adviser | Under $25 million | 31 | % of assets |
| [CFS Financial, LLC](https://advisorcensus.com/firm/cfs-financial-llc-salem-ma-173972) ([md](https://advisorcensus.com/firm/cfs-financial-llc-salem-ma-173972.md)) | 173972 | Salem, MA | State-registered investment adviser | Under $25 million | 5 | % of assets |
| [Charlesbridge Advisors](https://advisorcensus.com/firm/charlesbridge-advisors-dedham-ma-341159) ([md](https://advisorcensus.com/firm/charlesbridge-advisors-dedham-ma-341159.md)) | 341159 | Dedham, MA | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Fixed fee |
| [Cherrywood Private Capital, LLC](https://advisorcensus.com/firm/cherrywood-private-capital-llc-139240) ([md](https://advisorcensus.com/firm/cherrywood-private-capital-llc-139240.md)) | 139240 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 20 | % of assets, Hourly, Fixed fee |
| [Christopher Investment Advisors](https://advisorcensus.com/firm/christopher-investment-advisors-165611) ([md](https://advisorcensus.com/firm/christopher-investment-advisors-165611.md)) | 165611 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 13 | % of assets, Hourly, Fixed fee |
| [Cigale Financial Services LLC](https://advisorcensus.com/firm/cigale-financial-services-llc-333239) ([md](https://advisorcensus.com/firm/cigale-financial-services-llc-333239.md)) | 333239 | Not reported, Not reported | State-registered investment adviser | Not reported | 1 | % of assets, Hourly, Fixed fee |
| [Clarendon Private LLC](https://advisorcensus.com/firm/clarendon-private-llc-boston-ma-316616) ([md](https://advisorcensus.com/firm/clarendon-private-llc-boston-ma-316616.md)) | 316616 | Boston, MA | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets |
| [Claritas Advisors, LLC](https://advisorcensus.com/firm/claritas-advisors-llc-334055) ([md](https://advisorcensus.com/firm/claritas-advisors-llc-334055.md)) | 334055 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 1 | % of assets |
| [Clary Financial, Inc](https://advisorcensus.com/firm/clary-financial-inc-so-easton-ma-128218) ([md](https://advisorcensus.com/firm/clary-financial-inc-so-easton-ma-128218.md)) | 128218 | So. Easton, MA | State-registered investment adviser | $25 million to $100 million | 22 | % of assets |
| [Clearvue Advisors LLC](https://advisorcensus.com/firm/clearvue-advisors-llc-136600) ([md](https://advisorcensus.com/firm/clearvue-advisors-llc-136600.md)) | 136600 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 21 | % of assets, Hourly, Fixed fee |
| [Clifton, Roger Lambert](https://advisorcensus.com/firm/clifton-roger-lambert-118284) ([md](https://advisorcensus.com/firm/clifton-roger-lambert-118284.md)) | 118284 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 14 | % of assets |
| [Colemma Asset Management LLC](https://advisorcensus.com/firm/colemma-asset-management-llc-326834) ([md](https://advisorcensus.com/firm/colemma-asset-management-llc-326834.md)) | 326834 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 3 | % of assets |
| [Colrain Capital LLC](https://advisorcensus.com/firm/colrain-capital-llc-boston-ma-118098) ([md](https://advisorcensus.com/firm/colrain-capital-llc-boston-ma-118098.md)) | 118098 | Boston, MA | SEC-registered investment adviser | $100 million to $500 million | 24 | % of assets |
| [Compass Planning Associates, Inc.](https://advisorcensus.com/firm/compass-planning-associates-inc-westwood-ma-128014) ([md](https://advisorcensus.com/firm/compass-planning-associates-inc-westwood-ma-128014.md)) | 128014 | Westwood, MA | SEC-registered investment adviser | $100 million to $500 million | 2 | Hourly, Fixed fee |
| [Concordia Wealth Management, LLC](https://advisorcensus.com/firm/concordia-wealth-management-llc-concord-ma-164278) ([md](https://advisorcensus.com/firm/concordia-wealth-management-llc-concord-ma-164278.md)) | 164278 | Concord, MA | SEC-registered investment adviser | $100 million to $500 million | 13 | % of assets, Fixed fee |
| [Connolly Financial Advisors, Inc.](https://advisorcensus.com/firm/connolly-financial-advisors-inc-north-andover-ma-148298) ([md](https://advisorcensus.com/firm/connolly-financial-advisors-inc-north-andover-ma-148298.md)) | 148298 | North Andover, MA | State-registered investment adviser | $25 million to $100 million | 18 | % of assets, Hourly |
| [Constant Guidance Financial, LLC](https://advisorcensus.com/firm/constant-guidance-financial-llc-north-attleboro-ma-172612) ([md](https://advisorcensus.com/firm/constant-guidance-financial-llc-north-attleboro-ma-172612.md)) | 172612 | North Attleboro, MA | SEC-registered investment adviser | $100 million to $500 million | 3 | % of assets, Hourly, Fixed fee |
| [Convergent Capital Partners, LLC](https://advisorcensus.com/firm/convergent-capital-partners-llc-boston-ma-158100) ([md](https://advisorcensus.com/firm/convergent-capital-partners-llc-boston-ma-158100.md)) | 158100 | Boston, MA | State-registered investment adviser | Under $25 million | 15 | % of assets, Hourly, Fixed fee |
| [Copper Beech Wealth Management](https://advisorcensus.com/firm/copper-beech-wealth-management-mansfield-ma-321059) ([md](https://advisorcensus.com/firm/copper-beech-wealth-management-mansfield-ma-321059.md)) | 321059 | Mansfield, MA | State-registered investment adviser | $25 million to $100 million | 4 | % of assets, Hourly, Fixed fee |
| [Cottage Street Advisors](https://advisorcensus.com/firm/cottage-street-advisors-marion-ma-173487) ([md](https://advisorcensus.com/firm/cottage-street-advisors-marion-ma-173487.md)) | 173487 | Marion, MA | SEC-registered investment adviser | $100 million to $500 million | 11 | % of assets, Hourly, Fixed fee |
| [Course Pilot Financial LLC](https://advisorcensus.com/firm/course-pilot-financial-llc-140051) ([md](https://advisorcensus.com/firm/course-pilot-financial-llc-140051.md)) | 140051 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 16 | % of assets, Hourly, Fixed fee |

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## Questions people ask

**How many financial advisory firms are there in Massachusetts?**
AdvisorCensus lists 1,422 investment advisory firms with a principal office in Massachusetts, from Form ADV filings as of October 2026: 638 SEC-registered, 508 state-registered, and 276 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV.

**How many fee-only financial advisors are in Massachusetts?**
449 of the 1,422 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed.

**How many financial advisors in Massachusetts offer financial planning?**
584 of the 1,146 firms in Massachusetts that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports.

**Are the financial advisors in Massachusetts fiduciaries?**
Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 449 firms that meet AdvisorCensus's fee-only test report none of those sales ties.

**How do I check whether a financial advisor has disciplinary disclosures?**
Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck.

**Does AdvisorCensus rate, verify, or recommend these firms?**
No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content.

**What does regulatory assets under management mean?**
Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality.

## Related pages

- [Financial advisors in Massachusetts](https://advisorcensus.com/advisors/ma) (https://advisorcensus.com/advisors/ma.md)
- [Flat-fee financial advisors in Massachusetts](https://advisorcensus.com/advisors/ma/flat-fee) (https://advisorcensus.com/advisors/ma/flat-fee.md)
- [Hourly financial advisors in Massachusetts](https://advisorcensus.com/advisors/ma/hourly) (https://advisorcensus.com/advisors/ma/hourly.md)
- [Fee-only financial advisors in Boston, MA](https://advisorcensus.com/advisors/ma/boston/fee-only) (https://advisorcensus.com/advisors/ma/boston/fee-only.md)
- [Fee-only financial advisors in Barnstable Town, MA](https://advisorcensus.com/advisors/ma/barnstable-town/fee-only) (https://advisorcensus.com/advisors/ma/barnstable-town/fee-only.md)
- [Fee-only financial advisors in Worcester, MA](https://advisorcensus.com/advisors/ma/worcester/fee-only) (https://advisorcensus.com/advisors/ma/worcester/fee-only.md)
- [Fee-only financial advisors in Pittsfield, MA](https://advisorcensus.com/advisors/ma/pittsfield/fee-only) (https://advisorcensus.com/advisors/ma/pittsfield/fee-only.md)
- [Fee-only financial advisors in Springfield, MA](https://advisorcensus.com/advisors/ma/springfield/fee-only) (https://advisorcensus.com/advisors/ma/springfield/fee-only.md)
- [Fee-only financial advisors in Amherst Town, MA](https://advisorcensus.com/advisors/ma/amherst-town/fee-only) (https://advisorcensus.com/advisors/ma/amherst-town/fee-only.md)

Cite as: AdvisorCensus. Fee-only financial advisors in Massachusetts: 449 firms from Form ADV filings as of October 2026.