{
  "crd_number": 130397,
  "slug": "financial-solutions-associates-dedham-ma-130397",
  "primary_business_name": "FINANCIAL SOLUTIONS ASSOCIATES",
  "legal_name": "GOVERMAN FINANCIAL SOLUTIONS, LLC",
  "dbas": [],
  "city": "Dedham",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-07-26",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-04-30",
  "carried_forward": false,
  "raum_total": 171891000.0,
  "raum_discretionary": 171891000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 40421000.0,
      "count": 190
    },
    "high_net_worth_individuals": {
      "raum": 131470000.0,
      "count": 80
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "MA",
    "ME",
    "NH",
    "NY",
    "TX",
    "VA"
  ],
  "websites": [
    "https://financialsolutions.net",
    "https://govermanfinancialsolutions.net"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/130397",
  "city_as_filed": "DEDHAM",
  "url": "https://advisorcensus.com/firm/financial-solutions-associates-dedham-ma-130397",
  "display_name": "Financial Solutions Associates",
  "summary": "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.",
  "citation": "AdvisorCensus. Financial Solutions Associates (CRD 130397): 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"
  ],
  "quick_answers": [
    {
      "q": "How is Financial Solutions Associates compensated?",
      "a": "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)."
    },
    {
      "q": "What does Financial Solutions Associates' brochure say about its fees?",
      "a": "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."
    },
    {
      "q": "Where is Financial Solutions Associates located?",
      "a": "Financial Solutions Associates' principal office is in Dedham, MA, according to its Form ADV."
    },
    {
      "q": "Is Financial Solutions Associates registered with the SEC or a state?",
      "a": "Financial Solutions Associates is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 130397."
    },
    {
      "q": "How much does Financial Solutions Associates manage?",
      "a": "Financial Solutions Associates reports $171,891,000 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Financial Solutions Associates' assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Financial Solutions Associates serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (190); high net worth individuals (80)."
    },
    {
      "q": "Which custodians does Financial Solutions Associates use?",
      "a": "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."
    },
    {
      "q": "Does Financial Solutions Associates 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/130397"
    },
    {
      "q": "Does Financial Solutions Associates state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in Financial Solutions Associates' recent Form ADV filings?",
      "a": "In the May 2026 filing data: Registered or notice-filed in VA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 129000000.0,
      "total_employees": 2,
      "filing_date": "2021-09-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 137712000.0,
      "total_employees": 2,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 118473000.0,
      "total_employees": 2,
      "filing_date": "2023-08-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 132489000.0,
      "total_employees": 2,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 155861000.0,
      "total_employees": 2,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 171891000.0,
      "total_employees": 2,
      "filing_date": "2026-04-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Registered or notice-filed in VA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $155,861,000 to $171,891,000 (+10%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 25, 2026",
    "tiers": [
      {
        "band": "Up to $99,999",
        "rate": "1.5%"
      },
      {
        "band": "$100,000 to $999,999",
        "rate": "1%"
      },
      {
        "band": "$1,000,000 to $4,999,999",
        "rate": "0.85%"
      },
      {
        "band": "Above $5,000,000",
        "rate": "0.75%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$200,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "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 $5,000,000: 0.75% a year"
        ],
        "quotes": [
          "Our Investment Advisory fee schedule is as follows.\n\nAccount Value  Quarterly Fee Annualized Fee \n$ 0 to $ 99,999 .3750 % 1.50 % \n$ 100,000 to $ 999,999 .2500 % 1.00 % \n$ 1,000,000 to $ 4,999,999 .2125 % .85 % \n$ 5,000,000 or higher .1875 % .75 %"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $200,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum account size for engaging Financial Solutions Associates’ investment advisory services is $ 200,000. We may waive the minimum at our sole discretion."
        ]
      }
    ],
    "quotes": [
      "Our Investment Advisory fee schedule is as follows.\n\nAccount Value  Quarterly Fee Annualized Fee \n$ 0 to $ 99,999 .3750 % 1.50 % \n$ 100,000 to $ 999,999 .2500 % 1.00 % \n$ 1,000,000 to $ 4,999,999 .2125 % .85 % \n$ 5,000,000 or higher .1875 % .75 %",
      "The minimum account size for engaging Financial Solutions Associates’ investment advisory services is $ 200,000. We may waive the minimum at our sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/financial-solutions-associates-dedham-ma-130397.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 190,
      "fewer_than_5": false,
      "raum": 40421000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 80,
      "fewer_than_5": false,
      "raum": 131470000.0
    }
  ],
  "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/130397",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}