# Factor Investing Group

> Factor Investing Group is an SEC-registered investment advisory firm in Westborough, MA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 24, 2026.

- CRD: 315131
- Filed as: FACTOR INVESTING GROUP
- Legal name: Melfa Wealth Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westborough, MA
- Filing period: October 2026
- Form ADV filing dated: July 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315131
- AdvisorCensus page: https://advisorcensus.com/firm/factor-investing-group-westborough-ma-315131

## Quick answers

**How is Factor Investing Group compensated?**
On its Form ADV (Item 5.E, October 2026), Factor Investing Group reports these compensation arrangements: a percentage of assets under its management.

**What does Factor Investing Group's brochure say about its fees?**
Its Form ADV Part 2A brochure dated July 24, 2026 states: Asset-based fee: up to 1.3% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Factor Investing Group located?**
Factor Investing Group's principal office is in Westborough, MA, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Factor Investing Group registered with the SEC or a state?**
Factor Investing Group is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315131.

**How much does Factor Investing Group manage?**
Factor Investing Group reports $348,829,624 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (100% discretionary).

**How have Factor Investing Group's assets and staff changed since 2021?**
In the Form ADV data for Factor Investing Group: Regulatory assets under management: $0 in the October 2021 data and $348,829,624 in the October 2026 data. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Factor Investing Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (388); high net worth individuals (103).

**Which custodians does Factor Investing Group use?**
Factor Investing Group'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.

**Does Factor Investing Group report any disciplinary disclosures?**
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/315131

**Does Factor Investing Group state an account minimum?**
Its Form ADV Part 2A brochure dated July 24, 2026 says: "FIG generally does not impose a minimum relationship size."

**What changed in Factor Investing Group's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $309,527,063 to $348,829,624 (+13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated July 24, 2026)

- Asset-based fee: up to 1.3% of assets a year (the maximum the brochure states)

> Wealth management fees range up to 1.30% annually based on several factors, including the complexity of the services to be provided, the inclusion of financial planning services, the level of assets to be managed, and the overall relationship with the Advisor.

- Account minimum: None

> FIG generally does not impose a minimum relationship size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $348,829,624
- Discretionary: $348,829,624
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 388 | $59,871,490 |
| High net worth individuals | 103 | $286,034,787 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,543,998 |
| Charitable organizations | Fewer than 5 | $1,379,349 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2021 (5 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, ME, MI, NH, RI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Boston, MA
- Newport, RI
- Traverse City, MI

### Websites listed on Form ADV (Item 1.I)
- factorig.com
- LinkedIn @melfa-wealth-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $0 | 5 | July 14, 2021 |
| October 2022 | $230,801,739 | 5 | August 25, 2022 |
| October 2023 | $213,733,657 | 6 | September 13, 2023 |
| October 2024 | $228,000,000 | 5 | June 3, 2024 |
| October 2025 | $309,527,063 | 6 | March 7, 2025 |
| October 2026 | $348,829,624 | 6 | July 24, 2026 |

Regulatory assets under management: $0 in the October 2021 data and $348,829,624 in the October 2026 data.
Total employees: 5 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $309,527,063 to $348,829,624 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Factor Investing Group (CRD 315131): Form ADV filing data as of October 2026.