{
  "crd_number": 164646,
  "slug": "aaf-wealth-management-llc-westborough-ma-164646",
  "primary_business_name": "AAF WEALTH MANAGEMENT, LLC",
  "legal_name": "AAF WEALTH MANAGEMENT, LLC",
  "dbas": [],
  "city": "Westborough",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "49340",
  "metro": {
    "cbsa_code": "49340",
    "common_name": "Worcester",
    "msa_name": "Worcester, MA",
    "path": "/advisors/ma/worcester"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-07-24",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-03-05",
  "carried_forward": false,
  "raum_total": 727644200.0,
  "raum_discretionary": 580355274.0,
  "raum_non_discretionary": 147288926.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 10,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 62253057.0,
      "count": 12
    },
    "individuals": {
      "raum": 66472436.0,
      "count": 131
    },
    "pension_profit_sharing": {
      "raum": 106362676.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 491401839.0,
      "count": 140
    },
    "corporations_other_businesses": {
      "raum": 1154192.0,
      "count": 2,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "MA",
    "ME",
    "NH",
    "NY",
    "RI",
    "TX"
  ],
  "websites": [
    "https://aafwealthmanagement.com",
    "https://facebook.com/aafwealthmanagement",
    "https://linkedin.com/company/aaf-wealth-management"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164646",
  "city_as_filed": "WESTBOROUGH",
  "url": "https://advisorcensus.com/firm/aaf-wealth-management-llc-westborough-ma-164646",
  "display_name": "AAF Wealth Management, LLC",
  "summary": "AAF Wealth Management, LLC is an SEC-registered investment advisory firm in Westborough, MA, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 5, 2026.",
  "citation": "AdvisorCensus. AAF Wealth Management, LLC (CRD 164646): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is AAF Wealth Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), AAF Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does AAF Wealth Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 5, 2026 states: Hourly rate: $350 an hour (financial planning and consulting services for financial…); Hourly rate: $150 an hour (financial planning and consulting services for para-planners); Hourly rate: $75 an hour (financial planning and consulting services for…); Flat fee: $1,500 to $10,000 (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is AAF Wealth Management, LLC located?",
      "a": "AAF Wealth Management, LLC's principal office is in Westborough, MA, according to its Form ADV."
    },
    {
      "q": "Is AAF Wealth Management, LLC registered with the SEC or a state?",
      "a": "AAF Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164646."
    },
    {
      "q": "How much does AAF Wealth Management, LLC manage?",
      "a": "AAF Wealth Management, LLC reports $727,644,200 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (80% discretionary)."
    },
    {
      "q": "How have AAF Wealth Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for AAF Wealth Management, LLC: Regulatory assets under management: $369,011,634 in the October 2021 data and $727,644,200 in the October 2026 data, up 97%. Total employees: 7 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does AAF Wealth Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (140); individuals (other than high net worth individuals) (131); charitable organizations (12)."
    },
    {
      "q": "Which custodians does AAF Wealth Management, LLC use?",
      "a": "AAF Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does AAF Wealth Management, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/164646"
    },
    {
      "q": "Does AAF Wealth Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 5, 2026 says: \"Our firm requires a minimum account balance of $100,000 for our services. Generally, this minimum account balance requirement is not negotiable and would be required throughout the course of the client’s relationship with our firm.\""
    },
    {
      "q": "What changed in AAF Wealth Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $607,331,627 to $727,644,200 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 369011634.0,
      "total_employees": 7,
      "filing_date": "2021-06-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 413417456.0,
      "total_employees": 8,
      "filing_date": "2022-03-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 385347888.0,
      "total_employees": 9,
      "filing_date": "2023-05-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 507143594.0,
      "total_employees": 9,
      "filing_date": "2024-03-18"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 607331627.0,
      "total_employees": 9,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 727644200.0,
      "total_employees": 10,
      "filing_date": "2026-03-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $607,331,627 to $727,644,200 (+20%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 5, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $350 an hour (financial planning and consulting services for financial…)",
      "Hourly rate: $150 an hour (financial planning and consulting services for para-planners)",
      "Hourly rate: $75 an hour (financial planning and consulting services for…)",
      "Flat fee: $1,500 to $10,000 (financial planning and consulting services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000"
        ],
        "quotes": [
          "Our firm requires a minimum account balance of $100,000 for our services. Generally, this minimum account balance requirement is not negotiable and would be required throughout the course of the client’s relationship with our firm."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $350 an hour (financial planning and consulting services for financial…)"
        ],
        "quotes": [
          "Our hourly fees are $350 for financial advisors, $150 per hour for para-planners and $75 for administrative time."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 an hour (financial planning and consulting services for para-planners)"
        ],
        "quotes": [
          "Our hourly fees are $350 for financial advisors, $150 per hour for para-planners and $75 for administrative time."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $75 an hour (financial planning and consulting services for…)"
        ],
        "quotes": [
          "Our hourly fees are $350 for financial advisors, $150 per hour for para-planners and $75 for administrative time."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $10,000 (financial planning and consulting services)"
        ],
        "quotes": [
          "Flat fees generally range from $1,500 to $10,000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 100000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 350.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning and consulting services for financial advisors"
        },
        {
          "kind": "hourly",
          "amount": 150.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning and consulting services for para-planners"
        },
        {
          "kind": "hourly",
          "amount": 75.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning and consulting services for administrative time"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 10000.0,
          "period": "one_time",
          "service": "financial planning and consulting services"
        }
      ]
    },
    "quotes": [
      "Our firm requires a minimum account balance of $100,000 for our services. Generally, this minimum account balance requirement is not negotiable and would be required throughout the course of the client’s relationship with our firm.",
      "Our hourly fees are $350 for financial advisors, $150 per hour for para-planners and $75 for administrative time.",
      "Our hourly fees are $350 for financial advisors, $150 per hour for para-planners and $75 for administrative time.",
      "Our hourly fees are $350 for financial advisors, $150 per hour for para-planners and $75 for administrative time.",
      "Flat fees generally range from $1,500 to $10,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/aaf-wealth-management-llc-westborough-ma-164646.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 131,
      "fewer_than_5": false,
      "raum": 66472436.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 140,
      "fewer_than_5": false,
      "raum": 491401839.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 106362676.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 12,
      "fewer_than_5": false,
      "raum": 62253057.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1154192.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164646",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}