AAF Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
AAF Wealth Management reports 293 clients. They include 140 high-net-worth individuals, 131 individual clients and 12 charitable organizations. Of its assets, 79.8% ($580M across 873 accounts) are managed with discretion; $147M across 24 accounts are not. Of its clients, 1% are outside the U.S. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 45% | 9% |
| High-net-worth individuals | 48% | 68% |
| Pension and profit-sharing plans | 3% | 15% |
| Charitable organizations | 4% | 9% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 131 | $66.5M | 9.1% | $507K |
| High-net-worth individuals | 140 | $491M | 67.5% | $3.51M |
| Pension and profit-sharing plans | 8 | $106M | 14.6% | $13.3M |
| Charitable organizations | 12 | $62.3M | 8.6% | $5.19M |
| Corporations and other businesses | Fewer than 5 | $1.15M | 0.2% | $577K |
| Total | 293 | $728M | 100% | — |
- Clients
- 131
- Regulatory AUM
- $66.5M
- AUM share
- 9.1%
- Avg. per client
- $507K
- Clients
- 140
- Regulatory AUM
- $491M
- AUM share
- 67.5%
- Avg. per client
- $3.51M
- Clients
- 8
- Regulatory AUM
- $106M
- AUM share
- 14.6%
- Avg. per client
- $13.3M
- Clients
- 12
- Regulatory AUM
- $62.3M
- AUM share
- 8.6%
- Avg. per client
- $5.19M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.15M
- AUM share
- 0.2%
- Avg. per client
- $577K
Total
- Clients
- 293
- Regulatory AUM
- $728M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
AAF Wealth Management charges 0.15%–1.50% a year for its Asset Management. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Billed hourly ($350 for financial advisors, $150 for para-planners) or as a flat fee generally ranging from $1,500 to $10,000.
Aafcpas, Inc. owns 75% or more of AAF Wealth Management. The leadership team of AAF Wealth Management includes Chief Compliance Officer Andrew Hammond. It has 10 employees, 6 of them in advisory roles.
Leadership
Andrew HammondChief Compliance Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 10 employees
- 6 in advisory functions
- 6 state-registered reps
- 4 insurance agents
- Owns 75% or more of Aaf Wealth Management, LLC
Aafcpas, Inc.
Control person · since February 2001
AAF Wealth Management’s regulatory assets grew 2.0× from $369M (June 2021) to $728M (March 2026); clients rose from 183 to 293 and employees from 7 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $728M | 293 | 10 | 1 |
| March 2025 | $607M | 267 | 9 | 1 |
| March 2024 | $507M | 242 | 9 | 1 |
| May 2023 | $385M | 241 | 9 | 1 |
| March 2022 | $413M | 203 | 8 | 1 |
| June 2021 | $369M | 183 | 7 | 1 |
Besides its headquarters, AAF Wealth Management has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 50 Washington Street, WestboroughHQ
Contact and registration details
- Legal name
- Aaf Wealth Management, LLC
- Headquarters
- 50 Washington Street, Westborough, MA 01581
- Website
- aafwealthmanagement.com
- Phone
- 508-366-9100
- @aaf-wealth-management
- SEC file
- 801-76885
- Structure
- Massachusetts LLC
- Fiscal year end
- December
AAF Wealth Management uses Fidelity ($721M) as custodian for its separately managed accounts. AAF Wealth Management has custody of $123M in client assets for 113 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $721M100%
At year end, AAF Wealth Management’s separately managed accounts were mostly in funds (81%). Its reported 13F holdings for the quarter ended 30 June 2026 total $271M across 57 positions; the largest are iShares TR (22.5%), Vanguard Index Fds (14.1%) and iShares TR (13.4%).
What the accounts hold
- Stocks7%
- Exchange-traded equities6%
- Non-exchange-traded equities1%
- Funds81%
- Registered funds80%
- Pooled vehicles1%
- Bonds7%
- U.S. government and agency bonds4%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash5%
Reported 13F holdings
- $271M
- Reported 13F value
- 57
- Positions
- 86.0%
- In the 10 largest
- +11.2%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF22.5%
- Vanguard Index Fds · Value ETF14.1%
- iShares TR · Core MSCI Intl13.4%
- Invesco Exch Traded FD TR II · Nasdaq 100 ETF10.9%
- Vanguard Whitehall Fds · Intl High ETF8.7%
- iShares TR · Core S&P Mcp ETF4.8%
- Invesco Exch Traded FD TR II · S&P Intl Momnt4.1%
- World Gold TR · SPDR Gld Minis3.4%
- Apple Inc.2.2%
- iShares TR · Core MSCI Eafe1.8%
Together, the ten largest are 86.0% of reported value.
How many clients does AAF Wealth Management have?
AAF Wealth Management has 293 clients and manages $728 million for them, as of March 2026. They include 140 high-net-worth individuals, 131 individual clients and 12 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026
What services does AAF Wealth Management offer?
AAF Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does AAF Wealth Management charge?
AAF Wealth Management charges 0.15%–1.50% a year for its Asset Management. The fee is billed in arrears and is negotiable.
Which custodians does AAF Wealth Management use?
AAF Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $721M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 March 2026
How many financial advisors does AAF Wealth Management have?
AAF Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 10 employees, and 6 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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
What does AAF Wealth Management invest in?
At the end of its last fiscal year, AAF Wealth Management’s separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 6% exchange-traded equities, 5% cash and equivalents, 4% U.S. government and agency bonds, 2% state and local bonds, 1% non-exchange-traded equities, 1% investment grade corporate bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns AAF Wealth Management?
AAF Wealth Management’s direct owner is Aafcpas, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 March 2026
How does AAF Wealth Management get paid?
AAF Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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
Is AAF Wealth Management registered with the SEC?
Yes, AAF Wealth Management has been registered with the SEC as an investment adviser since 24 July 2012. Its CRD number is 164646 and its SEC file number is 801-76885.
Source: Form ADV Part 1A, Item 1, filed 5 March 2026; IAPD firm record
How do I contact AAF Wealth Management?
AAF Wealth Management’s main office is at 50 Washington Street, Westborough, MA 01581. Its phone number is 508-366-9100. Its website is aafwealthmanagement.com.