{ "path": "/advisors/ma", "url": "https://advisorcensus.com/advisors/ma/page/9", "page_type": "state", "title": "Financial advisors in Massachusetts", "filters": {}, "scope_total": 1422, "faq": [ { "q": "How many financial advisory firms are there in Massachusetts?", "a": "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." }, { "q": "How many fee-only financial advisors are in Massachusetts?", "a": "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." }, { "q": "How many financial advisors in Massachusetts offer financial planning?", "a": "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." }, { "q": "Are the financial advisors in Massachusetts fiduciaries?", "a": "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." }, { "q": "How do I check whether a financial advisor has disciplinary disclosures?", "a": "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." }, { "q": "Does AdvisorCensus rate, verify, or recommend these firms?", "a": "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." }, { "q": "What does regulatory assets under management mean?", "a": "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." } ], "period": "2026-10-01", "answer_paragraph": "AdvisorCensus lists 1,422 investment advisory firms with a principal office in Massachusetts, drawn from Form ADV filings as of October 2026. Metro areas in the state are listed first; firms are listed alphabetically, and you can sort by years registered or assets band using the controls below. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV.", "about_market": null, "citation": "AdvisorCensus. Financial advisors in Massachusetts: 1,422 firms from Form ADV filings as of October 2026.", "total_firms": 1422, "page": 9, "total_pages": 29, "sort": "name", "registration_types": { "sec": 638, "state": 508, "exempt": 276 }, "fee_model_mix": [ { "code": "fee-only", "count": 449 }, { "code": "percentage_of_aum", "count": 1003 }, { "code": "hourly", "count": 405 }, { "code": "subscription", "count": 11 }, { "code": "fixed", "count": 507 }, { "code": "commissions", "count": 36 }, { "code": "performance_based", "count": 290 }, { "code": "other", "count": 200 }, { "code": "not_reported", "count": 276 } ], "years_registered_distribution": [ { "code": "under_5", "count": 455 }, { "code": "5_to_9", "count": 292 }, { "code": "10_to_19", "count": 392 }, { "code": "20_plus", "count": 267 }, { "code": "not_reported", "count": 16 } ], "raum_band_distribution": [ { "code": "under_25m", "count": 250 }, { "code": "25m_100m", "count": 172 }, { "code": "100m_500m", "count": 223 }, { "code": "500m_1b", "count": 93 }, { "code": "1b_5b", "count": 144 }, { "code": "over_5b", "count": 146 }, { "code": "not_reported", "count": 394 } ], "firms": [ { "crd_number": 341472, "name": "Deltaterra Investments LLC", "name_as_filed": "DELTATERRA INVESTMENTS LLC", "url": "https://advisorcensus.com/firm/deltaterra-investments-llc-natick-ma-341472", "city": "Natick", "state": "MA", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 148752, "name": "Demers Financial Planning", "name_as_filed": "DEMERS FINANCIAL PLANNING", "url": "https://advisorcensus.com/firm/demers-financial-planning-north-andover-ma-148752", "city": "North Andover", "state": "MA", "years_registered": 17, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 312887, "name": "Denali Growth Partners", "name_as_filed": "DENALI GROWTH PARTNERS", "url": "https://advisorcensus.com/firm/denali-growth-partners-boston-ma-312887", "city": "Boston", "state": "MA", "years_registered": 5, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 156605, "name": "Denham Capital Management LP", "name_as_filed": "DENHAM CAPITAL MANAGEMENT LP", "url": "https://advisorcensus.com/firm/denham-capital-management-lp-boston-ma-156605", "city": "Boston", "state": "MA", "years_registered": 14, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 325289, "name": "Dhyan Capital Management", "name_as_filed": "DHYAN CAPITAL MANAGEMENT", "url": "https://advisorcensus.com/firm/dhyan-capital-management-325289", "city": null, "state": null, "years_registered": 3, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 288409, "name": "Diametric Capital, LP", "name_as_filed": "DIAMETRIC CAPITAL, LP", "url": "https://advisorcensus.com/firm/diametric-capital-lp-boston-ma-288409", "city": "Boston", "state": "MA", "years_registered": 9, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 167254, "name": "Disciplined Alpha LLC", "name_as_filed": "DISCIPLINED ALPHA LLC", "url": "https://advisorcensus.com/firm/disciplined-alpha-llc-boston-ma-167254", "city": "Boston", "state": "MA", "years_registered": 13, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 171813, "name": "Diversified Financial Management", "name_as_filed": "DIVERSIFIED FINANCIAL MANAGEMENT", "url": "https://advisorcensus.com/firm/diversified-financial-management-norwell-ma-171813", "city": "Norwell", "state": "MA", "years_registered": 12, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 171322, "name": "Dividex Management LLC", "name_as_filed": "DIVIDEX MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/dividex-management-llc-westwood-ma-171322", "city": "Westwood", "state": "MA", "years_registered": 11, "raum_band": "not_reported", "compensation_types": [ "performance_based", "other" ], "enhanced": false }, { "crd_number": 146437, "name": "DJG Financial Services, Inc.", "name_as_filed": "DJG FINANCIAL SERVICES, INC.", "url": "https://advisorcensus.com/firm/djg-financial-services-inc-east-weymouth-ma-146437", "city": "East Weymouth", "state": "MA", "years_registered": 18, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 326937, "name": "Dlab Ventures LLC", "name_as_filed": "DLAB VENTURES LLC", "url": "https://advisorcensus.com/firm/dlab-ventures-llc-newton-ma-326937", "city": "Newton", "state": "MA", "years_registered": 3, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 330170, "name": "DLC Wealth Management", "name_as_filed": "DLC WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/dlc-wealth-management-winchester-ma-330170", "city": "Winchester", "state": "MA", "years_registered": 2, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 170892, "name": "Dodge Wealth Management", "name_as_filed": "DODGE WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/dodge-wealth-management-foxboro-ma-170892", "city": "Foxboro", "state": "MA", "years_registered": 12, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 129210, "name": "Dollar & Sense", "name_as_filed": "DOLLAR & SENSE", "url": "https://advisorcensus.com/firm/dollar-and-sense-pittsfield-ma-129210", "city": "Pittsfield", "state": "MA", "years_registered": 27, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 292848, "name": "Donal Fiduciaries", "name_as_filed": "DONAL FIDUCIARIES", "url": "https://advisorcensus.com/firm/donal-fiduciaries-sout-boston-ma-292848", "city": "Sout Boston", "state": "MA", "years_registered": 8, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 285403, "name": "Donoghue Forlines LLC", "name_as_filed": "DONOGHUE FORLINES LLC", "url": "https://advisorcensus.com/firm/donoghue-forlines-llc-boston-ma-285403", "city": "Boston", "state": "MA", "years_registered": 9, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "other" ], "enhanced": false }, { "crd_number": 337958, "name": "Dope CFO Wealth Management", "name_as_filed": "DOPE CFO WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/dope-cfo-wealth-management-337958", "city": null, "state": null, "years_registered": 0, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 120911, "name": "Dorfman Value Investments LLC", "name_as_filed": "DORFMAN VALUE INVESTMENTS LLC", "url": "https://advisorcensus.com/firm/dorfman-value-investments-llc-newton-ma-120911", "city": "Newton", "state": "MA", "years_registered": 13, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 142602, "name": "Douglas A. McClennen IA", "name_as_filed": "DOUGLAS A. MCCLENNEN IA", "url": "https://advisorcensus.com/firm/douglas-a-mcclennen-ia-142602", "city": null, "state": null, "years_registered": 19, "raum_band": "25m_100m", "compensation_types": [ "hourly" ], "enhanced": false }, { "crd_number": 133317, "name": "Downey Capital Management, Inc.", "name_as_filed": "DOWNEY CAPITAL MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/downey-capital-management-inc-boston-ma-133317", "city": "Boston", "state": "MA", "years_registered": 13, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 318093, "name": "Downing Capital Group", "name_as_filed": "DOWNING CAPITAL GROUP", "url": "https://advisorcensus.com/firm/downing-capital-group-harwich-ma-318093", "city": "Harwich", "state": "MA", "years_registered": 4, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 316550, "name": "Dreamfield Planning Group, LLC", "name_as_filed": "DREAMFIELD PLANNING GROUP, LLC", "url": "https://advisorcensus.com/firm/dreamfield-planning-group-llc-braintree-ma-316550", "city": "Braintree", "state": "MA", "years_registered": 4, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 315034, "name": "Drive by Draftkings", "name_as_filed": "DRIVE BY DRAFTKINGS", "url": "https://advisorcensus.com/firm/drive-by-draftkings-boston-ma-315034", "city": "Boston", "state": "MA", "years_registered": 5, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 283411, "name": "DSF Advisors, LLC", "name_as_filed": "DSF ADVISORS, LLC", "url": "https://advisorcensus.com/firm/dsf-advisors-llc-boston-ma-283411", "city": "Boston", "state": "MA", "years_registered": 10, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 117464, "name": "Duffield Financial Group", "name_as_filed": "DUFFIELD FINANCIAL GROUP", "url": "https://advisorcensus.com/firm/duffield-financial-group-117464", "city": null, "state": null, "years_registered": 18, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 332455, "name": "DW Capital Management LLC", "name_as_filed": "DW CAPITAL MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/dw-capital-management-llc-arlington-ma-332455", "city": "Arlington", "state": "MA", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 291870, "name": "E14 Management, LLC", "name_as_filed": "E14 MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/e14-management-llc-cambridge-ma-291870", "city": "Cambridge", "state": "MA", "years_registered": 7, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 134045, "name": "Eagleclaw Capital Management LLC", "name_as_filed": "EAGLECLAW CAPITAL MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/eagleclaw-capital-management-llc-boston-ma-134045", "city": "Boston", "state": "MA", "years_registered": 21, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 167207, "name": "East Bridge Capital Management LP", "name_as_filed": "EAST BRIDGE CAPITAL MANAGEMENT LP", "url": "https://advisorcensus.com/firm/east-bridge-capital-management-lp-boston-ma-167207", "city": "Boston", "state": "MA", "years_registered": 13, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 147910, "name": "East Coast Asset Management, LLC", "name_as_filed": "EAST COAST ASSET MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/east-coast-asset-management-llc-essex-ma-147910", "city": "Essex", "state": "MA", "years_registered": 18, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], 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"state": "MA", "years_registered": 7, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 161422, "name": "Eastward Capital Partners, LLC", "name_as_filed": "EASTWARD CAPITAL PARTNERS, LLC", "url": "https://advisorcensus.com/firm/eastward-capital-partners-llc-west-newton-ma-161422", "city": "West Newton", "state": "MA", "years_registered": 14, "raum_band": "25m_100m", "compensation_types": [ "performance_based", "other" ], "enhanced": false }, { "crd_number": 104859, "name": "Eaton Vance Management", "name_as_filed": "EATON VANCE MANAGEMENT", "url": "https://advisorcensus.com/firm/eaton-vance-management-boston-ma-104859", "city": "Boston", "state": "MA", "years_registered": 45, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "performance_based", "other" ], "enhanced": false }, { "crd_number": 171009, "name": "Ebersole Financial LLC", "name_as_filed": "EBERSOLE FINANCIAL LLC", "url": 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"fee_pages": [ { "path": "/advisors/ma/fee-only", "label": "Fee-only financial advisors in Massachusetts", "firm_count": 449 }, { "path": "/advisors/ma/flat-fee", "label": "Flat-fee financial advisors in Massachusetts", "firm_count": 507 }, { "path": "/advisors/ma/hourly", "label": "Hourly financial advisors in Massachusetts", "firm_count": 405 } ] }, "csv": "https://advisorcensus.com/advisors/ma.csv", "source": { "name": "Form ADV", "as_of": "2026-10-01", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }