AdvisorCensus / Financial advisors / Massachusetts / Boston / Financial Solutions Associates
Financial Solutions Associates
Filed as FINANCIAL SOLUTIONS ASSOCIATES · Legal name Goverman Financial Solutions, LLC
Financial Solutions Associates is an SEC-registered investment advisory firm in Dedham, MA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 30, 2026.
Quick answers
From the filingHow is Financial Solutions Associates compensated?
On its Form ADV (Item 5.E, October 2026), Financial Solutions Associates reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
What does Financial Solutions Associates' brochure say about its fees?
Its Form ADV Part 2A brochure dated March 25, 2026 states: Up to $99,999: 1.5% a year; $100,000 to $999,999: 1% a year; $1,000,000 to $4,999,999: 0.85% a year; Above $5,000,000: 0.75% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Financial Solutions Associates located?
Financial Solutions Associates' principal office is in Dedham, MA, according to its Form ADV.
Is Financial Solutions Associates registered with the SEC or a state?
Financial Solutions Associates is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 130397.
How much does Financial Solutions Associates manage?
Financial Solutions Associates reports $171,891,000 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).
How have Financial Solutions Associates' assets and staff changed since 2021?
In the Form ADV data for Financial Solutions Associates: Regulatory assets under management: $129,000,000 in the October 2021 data and $171,891,000 in the October 2026 data, up 33%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Financial Solutions Associates serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (190); high net worth individuals (80).
Which custodians does Financial Solutions Associates use?
Financial Solutions Associates' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Financial Solutions Associates 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/130397
Does Financial Solutions Associates state an account minimum?
Its Form ADV Part 2A brochure dated March 25, 2026 says: "The minimum account size for engaging Financial Solutions Associates’ investment advisory services is $ 200,000. We may waive the minimum at our sole discretion."
What changed in Financial Solutions Associates' recent Form ADV filings?
In the May 2026 filing data: Registered or notice-filed in VA.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $99,999 | 1.5% |
| $100,000 to $999,999 | 1% |
| $1,000,000 to $4,999,999 | 0.85% |
| Above $5,000,000 | 0.75% |
The brochure's wording
Our Investment Advisory fee schedule is as follows. Account Value Quarterly Fee Annualized Fee $ 0 to $ 99,999 .3750 % 1.50 % $ 100,000 to $ 999,999 .2500 % 1.00 % $ 1,000,000 to $ 4,999,999 .2125 % .85 % $ 5,000,000 or higher .1875 % .75 %
Account minimum: $200,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum account size for engaging Financial Solutions Associates’ investment advisory services is $ 200,000. We may waive the minimum at our sole discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$171,891,000 as of October 2026, filing dated April 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- Goverman Financial Solutions, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 2. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $171,891,000 | 2 | April 30, 2026 |
| October 2025 | $155,861,000 | 2 | March 25, 2025 |
| October 2024 | $132,489,000 | 2 | March 21, 2024 |
| October 2023 | $118,473,000 | 2 | August 1, 2023 |
| October 2022 | $137,712,000 | 2 | August 31, 2022 |
| October 2021 | $129,000,000 | 2 | September 28, 2021 |
Regulatory assets under management: $129,000,000 in the October 2021 data and $171,891,000 in the October 2026 data, up 33%.
Total employees: 2 in October 2021 and 2 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- May 2026
- Registered or notice-filed in VA.
- April 2026
- Regulatory assets under management went from $155,861,000 to $171,891,000 (+10%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Financial Solutions Associates (CRD 130397): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/financial-solutions-associates-dedham-ma-130397