{
  "crd_number": 109203,
  "slug": "new-england-capital-financial-advisors-llc-cheshire-ct-109203",
  "primary_business_name": "NEW ENGLAND CAPITAL FINANCIAL ADVISORS LLC",
  "legal_name": "NEW ENGLAND CAPITAL FINANCIAL ADVISORS LLC",
  "dbas": [],
  "city": "Cheshire",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "47930",
  "metro": {
    "cbsa_code": "47930",
    "common_name": "Waterbury",
    "msa_name": "Waterbury-Shelton, CT",
    "path": "/advisors/ct/waterbury"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1999-12-30",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-08-18",
  "carried_forward": false,
  "raum_total": 768042602.0,
  "raum_discretionary": 709690366.0,
  "raum_non_discretionary": 58352236.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 12,
  "advisory_employees": 12,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 6833780.0,
      "count": 6
    },
    "individuals": {
      "raum": 351546272.0,
      "count": 1017
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 63866855.0,
      "count": 17
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 342975513.0,
      "count": 176
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 2820182.0,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "GA",
    "LA",
    "MA",
    "ME",
    "NC",
    "NH",
    "NJ",
    "NY",
    "PA",
    "RI",
    "SC",
    "TN",
    "TX",
    "VA",
    "VT"
  ],
  "websites": [
    "https://facebook.com/NewEnglandCapital",
    "https://linkedin.com/COMPANY/NEW-ENGLAND-CAPITAL-FINANCIAL-ADVISORS-LLC",
    "https://newenglandcapital.com",
    "https://twitter.com/NEWENGLANDCAP?LANG=EN"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109203",
  "city_as_filed": "CHESHIRE",
  "url": "https://advisorcensus.com/firm/new-england-capital-financial-advisors-llc-cheshire-ct-109203",
  "display_name": "New England Capital Financial Advisors LLC",
  "summary": "New England Capital Financial Advisors LLC is an SEC-registered investment advisory firm in Cheshire, CT, registered since 1999, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 18, 2026.",
  "citation": "AdvisorCensus. New England Capital Financial Advisors LLC (CRD 109203): 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",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is New England Capital Financial Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), New England Capital Financial Advisors LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is New England Capital Financial Advisors LLC located?",
      "a": "New England Capital Financial Advisors LLC's principal office is in Cheshire, CT, according to its Form ADV."
    },
    {
      "q": "Is New England Capital Financial Advisors LLC registered with the SEC or a state?",
      "a": "New England Capital Financial Advisors LLC is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 109203."
    },
    {
      "q": "How much does New England Capital Financial Advisors LLC manage?",
      "a": "New England Capital Financial Advisors LLC reports $768,042,602 in regulatory assets under management in its Form ADV filing dated August 18, 2026 (92% discretionary)."
    },
    {
      "q": "How have New England Capital Financial Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for New England Capital Financial Advisors LLC: Regulatory assets under management: $439,519,711 in the October 2021 data and $768,042,602 in the October 2026 data, up 75%. Total employees: 9 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does New England Capital Financial Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,017); high net worth individuals (176); pension and profit sharing plans (but not the plan participants or government pension plans) (17)."
    },
    {
      "q": "Which custodians does New England Capital Financial Advisors LLC use?",
      "a": "New England Capital Financial Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does New England Capital Financial Advisors 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/109203"
    },
    {
      "q": "What changed in New England Capital Financial Advisors LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Regulatory assets under management went from $673,011,670 to $768,042,602 (+14%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 439519711.0,
      "total_employees": 9,
      "filing_date": "2021-07-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 441626951.0,
      "total_employees": 9,
      "filing_date": "2022-03-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 440581266.0,
      "total_employees": 10,
      "filing_date": "2023-03-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 528837865.0,
      "total_employees": 11,
      "filing_date": "2024-02-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 600040689.0,
      "total_employees": 11,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 768042602.0,
      "total_employees": 12,
      "filing_date": "2026-08-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Regulatory assets under management went from $673,011,670 to $768,042,602 (+14%)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 12.",
        "Regulatory assets under management went from $600,040,689 to $673,011,670 (+12%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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/new-england-capital-financial-advisors-llc-cheshire-ct-109203.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1017,
      "fewer_than_5": false,
      "raum": 351546272.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 176,
      "fewer_than_5": false,
      "raum": 342975513.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 17,
      "fewer_than_5": false,
      "raum": 63866855.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 6,
      "fewer_than_5": false,
      "raum": 6833780.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 2820182.0
    }
  ],
  "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/109203",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}