Abbot Financial Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and estate planning. Financial planning was provided to 11–25 clients last fiscal year.
Abbot Financial Management reports 213 clients. They include 119 individual clients and 94 high-net-worth individuals. Of its assets, 100.0% ($359M across 534 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 11% |
| High-net-worth individuals | 44% | 86% |
| Charitable organizations | Fewer than 5 | 3% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 119 | $39.6M | 11.0% | $332K |
| High-net-worth individuals | 94 | $309M | 86.2% | $3.29M |
| Charitable organizations | Fewer than 5 | $10.1M | 2.8% | — |
| Total | 213 | $359M | 100% | — |
- Clients
- 119
- Regulatory AUM
- $39.6M
- AUM share
- 11.0%
- Avg. per client
- $332K
- Clients
- 94
- Regulatory AUM
- $309M
- AUM share
- 86.2%
- Avg. per client
- $3.29M
- Clients
- Fewer than 5
- Regulatory AUM
- $10.1M
- AUM share
- 2.8%
- Avg. per client
- —
Total
- Clients
- 213
- Regulatory AUM
- $359M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Abbot Financial Management charges 0.50%–1.25% a year for its Asset Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.25% |
| $1M–$3M | 1.00% |
| $3M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Retirement Plan Consulting
- Retirement plan consulting is an annualized 0.35% to 0.50% of plan assets, generally billed quarterly in arrears, or a negotiated fixed fee.
Andrew Novelline owns 75% or more of Abbot Financial Management. The leadership team of Abbot Financial Management includes President Andrew Novelline. It has 4 employees, 3 of them in advisory roles.
Leadership
- Andrew NovellinePresident and Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Robert Alan McLemore
- Andrew James Novelline
- Dennis Carl Wassung JR.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Abbot Financial Management, Inc
Andrew Novelline
Control person · since July 2005
Abbot Financial Management’s regulatory assets grew 1.7× from $213M (December 2020) to $359M (September 2026); clients rose from 180 to 213 and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $359M | 213 | 4 | 2 |
| September 2025 | $303M | 202 | 4 | 2 |
| December 2023 | $240M | 195 | 4 | 2 |
| January 2023 | $243M | 193 | 4 | 2 |
| June 2022 | $309M | 188 | 5 | 2 |
| December 2020 | $213M | 180 | 5 | 2 |
Besides its headquarters, Abbot Financial Management has 1 office (1 private residence, listed without an address), with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 63 Park Street, Suite 202, AndoverHQ
Contact and registration details
- Legal name
- Abbot Financial Management, Inc
- Headquarters
- 63 Park Street, Suite 202, Andover, MA 01810
- Website
- abbotfm.com
- Phone
- 978-688-9010
- @abbot-financial-management-inc
- SEC file
- 801-19944
- Founded
- 1983
- Structure
- Massachusetts corporation
- Fiscal year end
- June
Abbot Financial Management uses Fidelity ($357M) as custodian for its separately managed accounts. Abbot Financial Management does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $357M100%
At year end, Abbot Financial Management’s separately managed accounts were mostly in stocks (58%) and funds (33%). Its reported 13F holdings for the quarter ended 30 June 2026 total $293M across 141 positions; the largest are Apple Inc. (5.5%), Nvidia Corporation (4.7%) and Microsoft Corp. (4.4%).
What the accounts hold
- Stocks58%
- Funds33%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash7%
Reported 13F holdings
- $293M
- Reported 13F value
- 141
- Positions
- 38.1%
- In the 10 largest
- +22.3%
- Value vs. prior quarter
- Apple Inc.5.5%
- Nvidia Corporation4.7%
- Microsoft Corp.4.4%
- Nvidia Corporation · CallPut4.3%
- Alphabet Inc. · Cap Stk CL A4.3%
- Corning Inc.3.5%
- JPMORGAN Chase & CO3.4%
- Vanguard Index Fds · Growth ETF3.0%
- Select Sector SPDR TR · ST Str Techn ETF2.5%
- Cisco Sys Inc.2.5%
Together, the ten largest are 38.1% of reported value.
How many clients does Abbot Financial Management have?
Abbot Financial Management has 213 clients and manages $359 million for them, as of September 2026. They include 119 individual clients and 94 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026
What services does Abbot Financial Management offer?
Abbot Financial Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and estate planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Abbot Financial Management charge?
Abbot Financial Management charges 0.50%–1.25% a year for its Asset Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: 09 24 2026 ABB FORM ADV PART 2A AND 2B FINAL, filed 24 September 2026
Which custodians does Abbot Financial Management use?
Abbot Financial Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $357M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026
How many financial advisors does Abbot Financial Management have?
Abbot Financial Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Abbot Financial Management invest in?
At the end of its last fiscal year, Abbot Financial Management’s separately managed accounts held 58% exchange-traded equities, 33% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Abbot Financial Management?
Abbot Financial Management’s direct owner is Andrew Novelline (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 September 2026
How does Abbot Financial Management get paid?
Abbot Financial Management 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
How do I contact Abbot Financial Management?
Abbot Financial Management’s main office is at 63 Park Street, Suite 202, Andover, MA 01810. Its phone number is 978-688-9010. Its website is abbotfm.com.