{"url":"https://nivawealth.com/firms/93-financial-group-144235","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/144235","regulatoryAum":899661209,"crd":"144235","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4119803","suffix":null,"lastName":"BAKER","firstName":"DAVID","middleName":"ROBERT"},{"crd":"4615463","suffix":null,"lastName":"WELCH","firstName":"JAMES","middleName":"THOMAS"},{"crd":"4142068","suffix":null,"lastName":"WELCH","firstName":"JOHN","middleName":"ALAN"},{"crd":"2359478","suffix":null,"lastName":"WELCH","firstName":"LAWRENCE","middleName":"EUGENE"},{"crd":"2327685","suffix":null,"lastName":"WELCH","firstName":"PAUL","middleName":"JOSEPH"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-08","regulatoryAum":531543590,"clients":1080,"employees":9,"offices":1},{"filedOn":"2022-03-27","regulatoryAum":629444458,"clients":1123,"employees":8,"offices":1},{"filedOn":"2023-03-06","regulatoryAum":563695961,"clients":1152,"employees":8,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":638884083,"clients":1152,"employees":8,"offices":1},{"filedOn":"2025-03-14","regulatoryAum":780342669,"clients":1172,"employees":8,"offices":1},{"filedOn":"2026-03-23","regulatoryAum":899661209,"clients":1175,"employees":8,"offices":1}],"secFileNumber":"801-78076","legalName":"93 Financial Group, LLC","displayName":"93 Financial Group","slug":"93-financial-group-144235","website":"https://93fg.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2004","organization":"Massachusetts limited liability company","fiscalYearEnd":"December","headquarters":{"street":"600 Unicorn Park Drive","city":"Woburn","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"01801"},"tradeNames":[],"registration":{"secApproved":"31 May 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BROCHURE","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T06:41:02.790484+00:00","documents":[{"name":"DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024025","versionId":1024025,"submittedOn":"2026-03-23"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":899661209}],"custodyNote":"93 Financial Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Welch","title":"Chief Compliance Officer","crd":"4142068"},{"name":"Paul Welch","title":"Principal / Managing Member","crd":"2327685"},{"name":"Lawrence Welch","title":"Principal / Managing Member","crd":"2359478"}],"ownership":[{"label":"Paul Welch","detail":"Principal / managing member in the 50% to 75% ownership band and a control person, since August 2003."},{"label":"Lawrence Welch","detail":"Principal / managing member in the 50% to 75% ownership band and a control person, since August 2003."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"600 Unicorn Park Drive","city":"Woburn","headquarters":true}]}],"brochureServices":["insurance"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"781-938-6361","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"26-50","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":99},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"23 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/144235/PDF/144235.pdf","brochureDate":"23 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024025","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does 93 Financial Group have?","answer":"93 Financial Group has 1,175 clients and manages $900 million for them, as of March 2026. They include 873 individual clients and 302 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does 93 Financial Group offer?","answer":"93 Financial Group provides financial planning, portfolio management for individuals and small businesses, and insurance.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does 93 Financial Group charge?","answer":"93 Financial Group charges 1.00% a year for its Investment Management. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable.","source":"DISCLOSURE BROCHURE, filed 23 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does 93 Financial Group use?","answer":"93 Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $900M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does 93 Financial Group have?","answer":"93 Financial Group has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does 93 Financial Group invest in?","answer":"At the end of its last fiscal year, 93 Financial Group’s separately managed accounts held 99% registered funds (mutual funds, ETFs, BDCs) and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns 93 Financial Group?","answer":"93 Financial Group’s direct owners are Paul Welch (50% to 75%) and Lawrence Welch (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does 93 Financial Group get paid?","answer":"93 Financial Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact 93 Financial Group?","answer":"93 Financial Group’s main office is at 600 Unicorn Park Drive, Woburn, MA 01801. Its phone number is 781-938-6361. Its website is 93fg.com.","source":"Form ADV Part 1A, Item 1.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/93-financial-group-144235/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-29","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2112320/000211232026000003/0002112320-26-000003-index.html","totalValue":253325686,"positionCount":9,"top10Share":1,"top10":[{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"VNG RUS1000GRW","cusip":"92206C680","value":76865575,"shares":601405,"shareType":"SH","priorValue":65726100,"priorShares":599199},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US MID-CAP ETF","cusip":"808524508","value":55278060,"shares":1499269,"shareType":"SH","priorValue":49014055,"priorShares":1583141},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US SML CAP ETF","cusip":"808524607","value":54516706,"shares":1508904,"shareType":"SH","priorValue":46779408,"priorShares":1608645},{"issuer":"ISHARES TR","titleOfClass":"CRE U S REIT ETF","cusip":"464288521","value":23382295,"shares":351878,"shareType":"SH","priorValue":22310447,"priorShares":376929},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"EMRG MKTEQ ETF","cusip":"808524706","value":22382872,"shares":617288,"shareType":"SH","priorValue":20528034,"priorShares":623006},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR BACKE ETF","cusip":"78464A383","value":17878648,"shares":801374,"shareType":"SH","priorValue":17456905,"priorShares":779674},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LRG CAP ETF","cusip":"808524201","value":2496824,"shares":84839,"shareType":"SH","priorValue":1953136,"priorShares":76175},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR CONV ETF","cusip":"78464A359","value":302376,"shares":2804,"shareType":"SH","priorValue":283926,"priorShares":3102},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US TIPS ETF","cusip":"808524870","value":222330,"shares":8390,"shareType":"SH","priorValue":215720,"priorShares":8107}],"positionsListed":9,"positions":[{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"VNG RUS1000GRW","cusip":"92206C680","value":76865575,"shares":601405,"shareType":"SH","priorValue":65726100,"priorShares":599199},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US MID-CAP ETF","cusip":"808524508","value":55278060,"shares":1499269,"shareType":"SH","priorValue":49014055,"priorShares":1583141},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US SML CAP ETF","cusip":"808524607","value":54516706,"shares":1508904,"shareType":"SH","priorValue":46779408,"priorShares":1608645},{"issuer":"ISHARES TR","titleOfClass":"CRE U S REIT ETF","cusip":"464288521","value":23382295,"shares":351878,"shareType":"SH","priorValue":22310447,"priorShares":376929},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"EMRG MKTEQ ETF","cusip":"808524706","value":22382872,"shares":617288,"shareType":"SH","priorValue":20528034,"priorShares":623006},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR BACKE ETF","cusip":"78464A383","value":17878648,"shares":801374,"shareType":"SH","priorValue":17456905,"priorShares":779674},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LRG CAP ETF","cusip":"808524201","value":2496824,"shares":84839,"shareType":"SH","priorValue":1953136,"priorShares":76175},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR CONV ETF","cusip":"78464A359","value":302376,"shares":2804,"shareType":"SH","priorValue":283926,"priorShares":3102},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US TIPS ETF","cusip":"808524870","value":222330,"shares":8390,"shareType":"SH","priorValue":215720,"priorShares":8107}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}