AFG Fiduciary Services Limited Partnership provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 51–100 clients last fiscal year.
AFG Fiduciary Services Limited Partnership reports 159 clients. They include 113 high-net-worth individuals and 46 individual clients. Of its assets, 100.0% ($166M across 323 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $166M. It advised 18 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 29% | 28% |
| High-net-worth individuals | 71% | 70% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 1% |
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) | 46 | $46.5M | 27.9% | $1.01M |
| High-net-worth individuals | 113 | $117M | 70.4% | $1.04M |
| Pension and profit-sharing plans | Fewer than 5 | $945K | 0.6% | — |
| Corporations and other businesses | Fewer than 5 | $1.79M | 1.1% | — |
| Total | 159 | $166M | 100% | — |
- Clients
- 46
- Regulatory AUM
- $46.5M
- AUM share
- 27.9%
- Avg. per client
- $1.01M
- Clients
- 113
- Regulatory AUM
- $117M
- AUM share
- 70.4%
- Avg. per client
- $1.04M
- Clients
- Fewer than 5
- Regulatory AUM
- $945K
- AUM share
- 0.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.79M
- AUM share
- 1.1%
- Avg. per client
- —
Total
- Clients
- 159
- Regulatory AUM
- $166M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 18
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
AFG Fiduciary Services Limited Partnership charges 0.50%–1.50% a year for its Wealth Management Services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is billed hourly at up to $300 an hour, or as a fixed fee negotiated from the expected hours; negotiable.
- Retirement Plan Advisory Services
- Retirement plan advisory services carry an annual asset-based fee of up to 1.00%, billed monthly or quarterly.
Afg GP LLC owns 75% or more of AFG Fiduciary Services Limited Partnership and is in turn owned by Brian Kenney (75% or more). The leadership team of AFG Fiduciary Services Limited Partnership includes Chief Compliance Officer Brian Kenney. It has 3 employees.
Leadership
- Brian KenneyPartner/Principal / Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of Afg Fiduciary Services Limited Partnership
Afg GP LLC
Control person · since June 2020
- Owns 75% or more of Afg GP LLC
Brian Kenney
Control person · since June 2020
AFG Fiduciary Services Limited Partnership’s regulatory assets fell from $186M (April 2021) to $166M (March 2026); clients fell from 314 to 159 and employees from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $166M | 159 | 3 | 1 |
| February 2025 | $229M | 168 | 4 | 1 |
| February 2024 | $213M | 170 | 4 | 1 |
| March 2023 | $175M | 137 | 4 | 2 |
| February 2022 | $199M | 134 | 4 | 1 |
| April 2021 | $186M | 314 | 4 | 1 |
Besides its headquarters, AFG Fiduciary Services Limited Partnership has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 2 Essington Drive, HinghamHQ
Contact and registration details
- Legal name
- Afg Fiduciary Services Limited Partnership
- Headquarters
- 2 Essington Drive, Hingham, MA 02043
- Website
- afgfiduciary.com
- Phone
- 781-741-2540
- SEC file
- 801-119539
- Structure
- Massachusetts limited liability partnership
- Fiscal year end
- December
AFG Fiduciary Services Limited Partnership uses Fidelity ($166M) as custodian for its separately managed accounts. AFG Fiduciary Services Limited Partnership has custody of $28.4M in client assets for 31 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $166M100%
At year end, AFG Fiduciary Services Limited Partnership’s separately managed accounts were mostly in stocks (70%) and cash (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $128M across 60 positions; the largest are State Str SPDR S&P 500 ETF T (17.2%), Pgim ETF TR (10.5%) and Pimco ETF TR (7.9%).
What the accounts hold
- Stocks70%
- Exchange-traded equities69%
- Non-exchange-traded equities1%
- Funds3%
- Bonds7%
- Investment grade corporate bonds5%
- U.S. government and agency bonds1%
- High-yield corporate bonds1%
- Cash20%
Reported 13F holdings
- $128M
- Reported 13F value
- 60
- Positions
- 61.1%
- In the 10 largest
- −24.9%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit17.2%
- Pgim ETF TR · Pgim Ultra SH BD10.5%
- Pimco ETF TR · Enhan Shrt MA AC7.9%
- iShares TR · Core S&P Scp ETF4.9%
- Advanced Micro Devices Inc.4.2%
- SPDR Gold TR · Gold Shs3.8%
- Select Sector SPDR TR · ST Str Techn ETF3.4%
- iShares TR · Core S&P Mcp ETF3.1%
- Amazon Com Inc.3.0%
- Blackrock ETF Trust II · Isha Flex IN ETF3.0%
Together, the ten largest are 61.1% of reported value.
How many clients does AFG Fiduciary Services Limited Partnership have?
AFG Fiduciary Services Limited Partnership has 159 clients and manages $166 million for them, as of March 2026. They include 113 high-net-worth individuals and 46 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026
What services does AFG Fiduciary Services Limited Partnership offer?
AFG Fiduciary Services Limited Partnership provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does AFG Fiduciary Services Limited Partnership charge?
AFG Fiduciary Services Limited Partnership charges 0.50%–1.50% a year for its Wealth Management Services. The fee is billed in advance and is negotiable.
Which custodians does AFG Fiduciary Services Limited Partnership use?
AFG Fiduciary Services Limited Partnership’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $166M. 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 AFG Fiduciary Services Limited Partnership have?
AFG Fiduciary Services Limited Partnership has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 2 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 AFG Fiduciary Services Limited Partnership invest in?
At the end of its last fiscal year, AFG Fiduciary Services Limited Partnership’s separately managed accounts held 69% exchange-traded equities, 20% cash and equivalents, 5% investment grade corporate bonds, 3% registered funds (mutual funds, ETFs, BDCs), 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% high-yield 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 AFG Fiduciary Services Limited Partnership?
AFG Fiduciary Services Limited Partnership is owned through a holding company by Brian Kenney. Its direct owner is Afg GP LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 March 2026
How does AFG Fiduciary Services Limited Partnership get paid?
AFG Fiduciary Services Limited Partnership 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
How do I contact AFG Fiduciary Services Limited Partnership?
AFG Fiduciary Services Limited Partnership’s main office is at 2 Essington Drive, Hingham, MA 02043. Its phone number is 781-741-2540. Its website is afgfiduciary.com.