{
  "crd_number": 309546,
  "slug": "pension-and-wealth-management-advisors-waltham-ma-309546",
  "primary_business_name": "PENSION & WEALTH MANAGEMENT ADVISORS",
  "legal_name": "PENSION & WEALTH MANAGEMENT ADVISORS, INC.",
  "dbas": [
    "PENSION & WEALTH MANAGEMENT ADVISORS"
  ],
  "city": "Waltham",
  "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": "2020-07-06",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-05-06",
  "carried_forward": false,
  "raum_total": 529811638.0,
  "raum_discretionary": 511825542.0,
  "raum_non_discretionary": 17986096.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 13,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 5537774.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 92181145.0,
      "count": 388
    },
    "pension_profit_sharing": {
      "raum": 69148336.0,
      "count": 30
    },
    "high_net_worth_individuals": {
      "raum": 362944383.0,
      "count": 105
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "IL",
    "IN",
    "MA",
    "NH",
    "NY",
    "RI",
    "TX"
  ],
  "websites": [
    "https://facebook.com/pensionwealth",
    "https://instagram.com/pensionwealth",
    "https://linkedin.com/company/pension-wealth-management-advisors?viewAsMember=true",
    "https://pensionwealth.com",
    "https://twitter.com/Pension_Wealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309546",
  "city_as_filed": "WALTHAM",
  "url": "https://advisorcensus.com/firm/pension-and-wealth-management-advisors-waltham-ma-309546",
  "display_name": "Pension & Wealth Management Advisors",
  "summary": "Pension & Wealth Management Advisors is an SEC-registered investment advisory firm in Waltham, MA, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.",
  "citation": "AdvisorCensus. Pension & Wealth Management Advisors (CRD 309546): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Pension & Wealth Management Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pension & Wealth Management Advisors reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Pension & Wealth Management Advisors charge?",
      "a": "Its Form ADV Part 2A brochure dated April 28, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Pension & Wealth Management Advisors located?",
      "a": "Pension & Wealth Management Advisors' principal office is in Waltham, MA, according to its Form ADV."
    },
    {
      "q": "Is Pension & Wealth Management Advisors registered with the SEC or a state?",
      "a": "Pension & Wealth Management Advisors is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 309546."
    },
    {
      "q": "How much does Pension & Wealth Management Advisors manage?",
      "a": "Pension & Wealth Management Advisors reports $529,811,638 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (97% discretionary)."
    },
    {
      "q": "How have Pension & Wealth Management Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Pension & Wealth Management Advisors: Regulatory assets under management: $128,053,975 in the October 2021 data and $529,811,638 in the October 2026 data, up 314%. Total employees: 8 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Pension & Wealth Management Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (388); high net worth individuals (105); pension and profit sharing plans (but not the plan participants or government pension plans) (30)."
    },
    {
      "q": "Which custodians does Pension & Wealth Management Advisors use?",
      "a": "Pension & Wealth Management Advisors' 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."
    },
    {
      "q": "Does Pension & Wealth Management Advisors 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/309546"
    },
    {
      "q": "What changed in Pension & Wealth Management Advisors' recent Form ADV filings?",
      "a": "In the May 2026 filing data: Employees performing advisory functions went from 5 to 9. Regulatory assets under management went from $452,222,623 to $529,811,638 (+17%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 128053975.0,
      "total_employees": 8,
      "filing_date": "2021-07-06"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 165208313.0,
      "total_employees": 8,
      "filing_date": "2022-06-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 172137233.0,
      "total_employees": 8,
      "filing_date": "2023-04-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 301257567.0,
      "total_employees": 8,
      "filing_date": "2024-04-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 452222623.0,
      "total_employees": 9,
      "filing_date": "2025-04-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 529811638.0,
      "total_employees": 13,
      "filing_date": "2026-05-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 9.",
        "Regulatory assets under management went from $452,222,623 to $529,811,638 (+17%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Registered or notice-filed in CA, CO, CT, FL, IL, IN, MA, NH, NY, RI, TX."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CA, CT, FL, IL, IN, MA, NH, NJ, PA, TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 28, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "1% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% of assets a year"
        ],
        "quotes": [
          "Our firm charges clients a 1.00% annual fee for portfolio management. Under certain circumstances we may charge a negotiated fee based on the portfolio being managed and the scope of the relationship."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 1.0
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Our firm charges clients a 1.00% annual fee for portfolio management. Under certain circumstances we may charge a negotiated fee based on the portfolio being managed and the scope of the relationship."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE 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/pension-and-wealth-management-advisors-waltham-ma-309546.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 388,
      "fewer_than_5": false,
      "raum": 92181145.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 105,
      "fewer_than_5": false,
      "raum": 362944383.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 30,
      "fewer_than_5": false,
      "raum": 69148336.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 5537774.0
    }
  ],
  "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/309546",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}