# Financial Solutions Associates

> 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.

- CRD: 130397
- Filed as: FINANCIAL SOLUTIONS ASSOCIATES
- Legal name: Goverman Financial Solutions, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dedham, MA
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/130397
- AdvisorCensus page: https://advisorcensus.com/firm/financial-solutions-associates-dedham-ma-130397

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- 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

> 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 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $171,891,000
- Discretionary: $171,891,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 190 | $40,421,000 |
| High net worth individuals | 80 | $131,470,000 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MA, ME, NH, NY, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- financialsolutions.net
- govermanfinancialsolutions.net

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $129,000,000 | 2 | September 28, 2021 |
| October 2022 | $137,712,000 | 2 | August 31, 2022 |
| October 2023 | $118,473,000 | 2 | August 1, 2023 |
| October 2024 | $132,489,000 | 2 | March 21, 2024 |
| October 2025 | $155,861,000 | 2 | March 25, 2025 |
| October 2026 | $171,891,000 | 2 | April 30, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Financial Solutions Associates (CRD 130397): Form ADV filing data as of October 2026.