Colman Knight Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
Colman Knight Advisory Group reports 127 clients. They include 71 individual clients, 51 high-net-worth individuals, and 3 corporations and other businesses. Of its assets, 88.8% ($167M across 377 accounts) are managed with discretion; $21.1M across 64 accounts are not. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 13% |
| High-net-worth individuals | 40% | 86% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 71 | $24.1M | 12.9% | $340K |
| High-net-worth individuals | 51 | $161M | 85.6% | $3.15M |
| Pension and profit-sharing plans | 1 | $212K | 0.1% | $212K |
| Charitable organizations | 1 | $2.47M | 1.3% | $2.47M |
| Corporations and other businesses | 3 | $138K | 0.1% | $46K |
| Total | 127 | $188M | 100% | $1.48M |
- Clients
- 71
- Regulatory AUM
- $24.1M
- AUM share
- 12.9%
- Avg. per client
- $340K
- Clients
- 51
- Regulatory AUM
- $161M
- AUM share
- 85.6%
- Avg. per client
- $3.15M
- Clients
- 1
- Regulatory AUM
- $212K
- AUM share
- 0.1%
- Avg. per client
- $212K
- Clients
- 1
- Regulatory AUM
- $2.47M
- AUM share
- 1.3%
- Avg. per client
- $2.47M
- Clients
- 3
- Regulatory AUM
- $138K
- AUM share
- 0.1%
- Avg. per client
- $46K
Total
- Clients
- 127
- Regulatory AUM
- $188M
- AUM share
- 100%
- Avg. per client
- $1.48M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Colman Knight Advisory Group is paid through hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Fixed fees generally from $10,000 to $120,000, negotiable, or an hourly rate of $400 in certain circumstances.
Gayle Colman owns 25% to 50% of Colman Knight Advisory Group. The leadership team of Colman Knight Advisory Group includes President Joseph Colman and Chief Compliance Officer David Manteau. It has 8 employees, 4 of them in advisory roles.
Leadership
- Joseph ColmanPresident
David ManteauChief Compliance Officer
Gayle ColmanCo-CEO
Richard ColmanCo-CEO
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 4 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Colman Knight Advisory Group, LLC
Gayle Colman
Control person · since January 2003
- Owns 25% to 50% of Colman Knight Advisory Group, LLC
Richard Colman
Control person · since January 2003
- Owns 10% to 25% of Colman Knight Advisory Group, LLC
Joseph Colman
Control person · since December 2018
- Owns 10% to 25% of Colman Knight Advisory Group, LLC
David Manteau
Control person · since January 2025
Colman Knight Advisory Group’s regulatory assets grew from $154M (March 2021) to $188M (June 2026); clients rose from 90 to 127 and employees from 5 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $188M | 127 | 8 | 5 |
| February 2025 | $175M | 124 | 5 | 4 |
| March 2024 | $152M | 116 | 5 | 4 |
| February 2023 | $129M | 98 | 4 | 3 |
| March 2022 | $158M | 93 | 5 | 1 |
| March 2021 | $154M | 90 | 5 | 1 |
Besides its headquarters, Colman Knight Advisory Group has 4 offices (4 private residences, listed without an address), with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 530 Great Road, ActonHQ
Contact and registration details
- Legal name
- Colman Knight Advisory Group, LLC
- Headquarters
- 530 Great Road, Acton, MA 01720
- Website
- colmanknight.com
- Phone
- 978-371-2015
- SEC file
- 801-61940
- Structure
- Delaware LLC
- Fiscal year end
- December
Colman Knight Advisory Group uses Fidelity ($180M) as custodian for its separately managed accounts. Colman Knight Advisory Group does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Los Angeles, CA · $180M100%
At year end, Colman Knight Advisory Group’s separately managed accounts were largely in stocks (39%) and funds (34%).
What the accounts hold
- Stocks39%
- Funds34%
- Registered funds32%
- Pooled vehicles2%
- Bonds7%
- U.S. government and agency bonds3%
- Investment grade corporate bonds3%
- State and local bonds1%
- Cash11%
- Other9%
- Alternatives9%
How many clients does Colman Knight Advisory Group have?
Colman Knight Advisory Group has 127 clients and manages $188 million for them, as of June 2026. They include 71 individual clients, 51 high-net-worth individuals, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 June 2026
What services does Colman Knight Advisory Group offer?
Colman Knight Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Colman Knight Advisory Group use?
Colman Knight Advisory Group’s separately managed account assets are held at Fidelity Brokerage Services LLC (Los Angeles, CA), with $180M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 June 2026
How many financial advisors does Colman Knight Advisory Group have?
Colman Knight Advisory Group has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 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 Colman Knight Advisory Group invest in?
At the end of its last fiscal year, Colman Knight Advisory Group’s separately managed accounts held 39% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 11% cash and equivalents, 9% other, 3% U.S. government and agency bonds, 3% investment grade corporate bonds, 2% pooled vehicles (private funds and similar) and 1% state and local bonds. The 9% other category is described as: Alternatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Colman Knight Advisory Group?
Colman Knight Advisory Group’s direct owners are Gayle Colman, Richard Colman, Joseph Colman and David Manteau, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 12 June 2026
How does Colman Knight Advisory Group get paid?
Colman Knight Advisory Group is paid through 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 Colman Knight Advisory Group?
Colman Knight Advisory Group’s main office is at 530 Great Road, Acton, MA 01720. Its phone number is 978-371-2015. Its website is colmanknight.com.