{"url":"https://nivawealth.com/firms/back-bay-financial-planning-and-investments-335236","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/335236","regulatoryAum":120474144,"crd":"335236","secFileNumber":"801-137070","legalName":"Back Bay Financial Planning & Investments, LLC","displayName":"Back Bay Financial Planning & Investments","slug":"back-bay-financial-planning-and-investments-335236","website":"https://backbayfp.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Maryland limited liability company","fiscalYearEnd":"December","headquarters":{"street":"39682 Sunrise Court #303","city":"Bethany Beach","state":"DE","stateName":"Delaware","country":"United States","postalCode":"19930"},"tradeNames":[],"registration":{"secApproved":"13 August 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1269621.0212765958,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":120474144,"discretionary":118508594,"discretionaryAccounts":274,"nonDiscretionary":1965550,"nonDiscretionaryAccounts":12,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":53,"regulatoryAum":23420169},{"label":"High-net-worth individuals","clients":41,"regulatoryAum":95924207},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":893585},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":236183}],"feePrograms":[{"role":"main","program":"Investment Management Services","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1.25,"from":0},{"to":1500000,"pct":0.75,"from":500000},{"to":3000000,"pct":0.65,"from":1500000},{"to":null,"pct":0.5,"from":3000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060529","versionId":1060529,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-10-08","documentName":"ADV PART 2A","fee_rate_low":0.5,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Fee-Based Annuities","summary":"The fee for fee-based insurance products is billed at 0.50% based on the account value.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060529","versionId":1060529,"submittedOn":"2026-10-08","documentName":"ADV PART 2A"},{"role":"other","program":"Project-Based Financial Planning","summary":"Fixed planning fees range from $2,500 to $5,000; hourly planning is $400 an hour after an initial fee of no more than $2,500.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060529","versionId":1060529,"submittedOn":"2026-10-08","documentName":"ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:58:37.582267+00:00","documents":[{"name":"ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060529","versionId":1060529,"submittedOn":"2026-10-08"}]},"custodians":[],"custodyNote":"Back Bay Financial Planning & Investments has custody of $106M in client assets for 87 clients.","leadership":[],"ownership":[],"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Delaware","offices":1,"addresses":[{"street":"39682 Sunrise Court #303","city":"Bethany Beach","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"302-316-1820","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":93},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":4},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"31 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/335236/PDF/335236.pdf","brochureDate":"8 October 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060529","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 Back Bay Financial Planning & Investments have?","answer":"Back Bay Financial Planning & Investments has 94 clients and manages $120 million for them, as of August 2026. They include 53 individual clients and 41 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Back Bay Financial Planning & Investments offer?","answer":"Back Bay Financial Planning & Investments provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Back Bay Financial Planning & Investments charge?","answer":"Back Bay Financial Planning & Investments charges 0.50%–1.25% for its Investment Management Services. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"ADV PART 2A, filed 8 October 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does Back Bay Financial Planning & Investments have?","answer":"Back Bay Financial Planning & Investments has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 Back Bay Financial Planning & Investments invest in?","answer":"At the end of its last fiscal year, Back Bay Financial Planning & Investments’ separately managed accounts held 93% exchange-traded equities, 4% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents and 1% state and local bonds.","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":"How does Back Bay Financial Planning & Investments get paid?","answer":"Back Bay Financial Planning & Investments 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Back Bay Financial Planning & Investments registered with the SEC?","answer":"Yes, Back Bay Financial Planning & Investments has been registered with the SEC as an investment adviser since 13 August 2026. Its CRD number is 335236 and its SEC file number is 801-137070.","source":"Form ADV Part 1A, Item 1, filed 31 August 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Back Bay Financial Planning & Investments?","answer":"Back Bay Financial Planning & Investments’ main office is at 39682 Sunrise Court #303, Bethany Beach, DE 19930. Its phone number is 302-316-1820. Its website is backbayfp.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"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."}