New England Financial Planning Group, LLC (Burlington)

Name: New England Financial Planning Group, LLC
Address: 69 Winn Street, Burlington, MA, 01803
Telephone: 781-272-2200

New England Financial Planning Group, LLC is a large advisory firm based in Burlington. It manages $119.28 million of regulatory assets for 153 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, Georgia, Massachusetts, and 3 other states.

New England Financial Planning Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New England Financial Planning Group: assets under management

The assets under management (AUM) of New England Financial Planning Group, LLC is $119.28 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $779.62 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New England Financial Planning Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients New England Financial Planning Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of New England Financial Planning Group is high net worth individuals with 41 clients and $87.64 million of assets under management. Among the 12 most similar advisory firms, New England Financial Planning Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.28 million for 155 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

New England Financial Planning Group doesn't advise any private funds.

Careers at New England Financial Planning Group, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Joseph Wojcik	Member/chief compliance officer	1 Mar 1989	50% - 75%	471029
Bradford Bergh Nichols	Member	1 Apr 2019	Other	2624137

Based in Burlington

The principal office where New England Financial Planning Group, LLC performs its advisory services is located at 69 Winn Street, Burlington, MA 01803, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-272-2200 or by fax 781-273-4117. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at nefpg.com.