Charles River Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Charles River Wealth Management reports 103 clients. They include 52 individual clients and 51 high-net-worth individuals. Of its assets, 99.2% ($109M across 336 accounts) are managed with discretion; $898K across 7 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 50% | 14% |
| High-net-worth individuals | 50% | 85% |
| Charitable organizations | 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) | 52 | $15.1M | 13.7% | $290K |
| High-net-worth individuals | 51 | $94.3M | 85.5% | $1.85M |
| Charitable organizations | Fewer than 5 | $896K | 0.8% | — |
| Total | 103 | $110M | 100% | — |
- Clients
- 52
- Regulatory AUM
- $15.1M
- AUM share
- 13.7%
- Avg. per client
- $290K
- Clients
- 51
- Regulatory AUM
- $94.3M
- AUM share
- 85.5%
- Avg. per client
- $1.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $896K
- AUM share
- 0.8%
- Avg. per client
- —
Total
- Clients
- 103
- Regulatory AUM
- $110M
- 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
- 0
Charles River Wealth Management charges 0.50%–1.10% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.10% |
| $500K–$1M | 0.95% |
| $1M–$2M | 0.85% |
| $2M–$3M | 0.75% |
| $3M–$5M | 0.65% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Financial Planning Services
- Hourly rate ranging from $200 to $350; an estimate of total hours and costs is provided before engagement.
Kenan Nacar owns 75% or more of Charles River Wealth Management. The leadership team of Charles River Wealth Management includes Chief Compliance Officer Kenan Nacar. It has 1 employee.
Leadership
- Kenan NacarManaging Partner and Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Charles River Wealth Management, LLC
Kenan Nacar
Control person · since March 2017
Charles River Wealth Management’s regulatory assets grew from $101M (February 2025) to $110M (April 2026); clients were 103 in both filings and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $110M | 103 | 1 | 1 |
| February 2025 | $101M | 101 | 1 | 1 |
Besides its headquarters, Charles River Wealth Management has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 50 Mall Road, Suite 209, BurlingtonHQ
Contact and registration details
- Legal name
- Charles River Wealth Management, LLC
- Headquarters
- 50 Mall Road, Suite 209, Burlington, MA 01803
- Website
- Not reported
- Phone
- 781-270-5400
- SEC file
- 801-132125
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Charles River Wealth Management uses Raymond James ($110M) as custodian for its separately managed accounts. Charles River Wealth Management does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $110M100%
At year end, Charles River Wealth Management’s separately managed accounts were mostly in stocks (72%) and cash (22%).
What the accounts hold
- Stocks72%
- Funds4%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash22%
How many clients does Charles River Wealth Management have?
Charles River Wealth Management has 103 clients and manages $110 million for them, as of April 2026. They include 52 individual clients and 51 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026
What services does Charles River Wealth Management offer?
Charles River Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Charles River Wealth Management charge?
Charles River Wealth Management charges 0.50%–1.10% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: CHARLES RIVER DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT, AND PRIVACY POLICY, filed 30 April 2026
Which custodians does Charles River Wealth Management use?
Charles River Wealth Management’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $110M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 April 2026
How many financial advisors does Charles River Wealth Management have?
Charles River Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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
What does Charles River Wealth Management invest in?
At the end of its last fiscal year, Charles River Wealth Management’s separately managed accounts held 72% exchange-traded equities, 22% cash and equivalents, 4% registered funds (mutual funds, ETFs, BDCs), 1% U.S. government and agency 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 Charles River Wealth Management?
Charles River Wealth Management’s direct owner is Kenan Nacar (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 April 2026
How does Charles River Wealth Management get paid?
Charles River Wealth Management is paid through a percentage of assets under management and hourly charges. 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 Charles River Wealth Management registered with the SEC?
Yes, Charles River Wealth Management has been registered with the SEC as an investment adviser since 7 March 2025. Its CRD number is 288017 and its SEC file number is 801-132125.
Source: Form ADV Part 1A, Item 1, filed 30 April 2026; IAPD firm record
How do I contact Charles River Wealth Management?
Charles River Wealth Management’s main office is at 50 Mall Road, Suite 209, Burlington, MA 01803. Its phone number is 781-270-5400.