Finer Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, philanthropic planning, tax planning, and tax preparation. Financial planning was provided to 26–50 clients last fiscal year.
Finer Wealth Management reports 277 clients. They include 135 individual clients, 78 high-net-worth individuals, and 57 corporations and other businesses. Of its assets, 100.0% ($306M across 777 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 17% |
| High-net-worth individuals | 28% | 79% |
| Charitable organizations | 3% | 1% |
| Corporations and other businesses | 21% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 135 | $50.5M | 16.5% | $374K |
| High-net-worth individuals | 78 | $243M | 79.5% | $3.12M |
| Charitable organizations | 7 | $4.23M | 1.4% | $605K |
| Corporations and other businesses | 57 | $8.01M | 2.6% | $141K |
| Total | 277 | $306M | 100% | $1.1M |
- Clients
- 135
- Regulatory AUM
- $50.5M
- AUM share
- 16.5%
- Avg. per client
- $374K
- Clients
- 78
- Regulatory AUM
- $243M
- AUM share
- 79.5%
- Avg. per client
- $3.12M
- Clients
- 7
- Regulatory AUM
- $4.23M
- AUM share
- 1.4%
- Avg. per client
- $605K
- Clients
- 57
- Regulatory AUM
- $8.01M
- AUM share
- 2.6%
- Avg. per client
- $141K
Total
- Clients
- 277
- Regulatory AUM
- $306M
- AUM share
- 100%
- Avg. per client
- $1.1M
- 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
- 26–50
Finer Wealth Management is paid through a percentage of assets under management, 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
- Stand-alone financial planning and consulting is a negotiable fixed fee, generally $500 to $10,000 depending on the scope and complexity of the services.
Michael Finer owns 75% or more of Finer Wealth Management. Michael Finer is CEO; the leadership team includes Chief Compliance Officer Gary Coon. It has 7 employees, 2 of them in advisory roles.
Staff
- 7 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- 3 soliciting firms
- Owns 75% or more of Finer Wealth Management, Inc.
Michael Finer
Control person · since December 1996
- Owns 10% to 25% of Finer Wealth Management, Inc.
Stephen Anastos
since January 2000
Finer Wealth Management’s regulatory assets grew 2.3× from $132M (June 2021) to $306M (July 2026); clients rose from 183 to 277 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $306M | 277 | 7 | 5 |
| Mar 2025March 2025 | $250M | 267 | 5 | 4 |
| Mar 2024March 2024 | $210M | 254 | 8 | 4 |
| Mar 2023March 2023 | $166M | 262 | 9 | 4 |
| Mar 2022March 2022 | $164M | 225 | 7 | 3 |
| Jun 2021June 2021 | $132M | 183 | 5 | 2 |
Besides its headquarters, Finer Wealth Management has 4 offices (2 private residences, listed without an address), with 3 listed addresses across 3 states.
Arizona · 1 listed address
- 16427 North Scottsdale Road, Scottsdale
Florida · 1 listed address
- 780 on Fifth, Naples
Massachusetts · 1 listed address
- 530 Loring Avenue, Suite 302, SalemHQ
Contact and registration details
- Legal name
- Finer Wealth Management, Inc.
- Headquarters
- 530 Loring Avenue, Suite 302, Salem, MA 01970
- Website
- finer.com
- Phone
- 978-740-1011
- @finer-wealth-management
- SEC file
- 801-121773
- Structure
- Massachusetts corporation
- Fiscal year end
- December
Finer Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($290M). Finer Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $290M100%
At year end, Finer Wealth Management’s separately managed accounts were mostly in stocks (71%) and funds (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $224M across 88 positions; the largest are Apple Inc. (8.6%), Nvidia Corporation (7.3%) and Eli Lilly & CO (6.7%).
What the accounts hold
- Stocks71%
- Funds25%
- Bonds4%
How many clients does Finer Wealth Management have?
Finer Wealth Management has 277 clients and manages $306 million for them, as of July 2026. They include 135 individual clients, 78 high-net-worth individuals, and 57 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 July 2026
What services does Finer Wealth Management offer?
Finer Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, philanthropic planning, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Finer Wealth Management use?
Finer Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $290M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 July 2026
How many financial advisors does Finer Wealth Management have?
Finer Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 7 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
What does Finer Wealth Management invest in?
At the end of its last fiscal year, Finer Wealth Management’s separately managed accounts held 71% exchange-traded equities, 25% registered funds (mutual funds, ETFs, BDCs) and 4% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Finer Wealth Management?
Finer Wealth Management’s direct owners are Michael Finer (75% or more) and Stephen Anastos (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 2 July 2026
How does Finer Wealth Management get paid?
Finer Wealth Management 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 Finer Wealth Management?
Finer Wealth Management’s main office is at 530 Loring Avenue, Suite 302, Salem, MA 01970. Its phone number is 978-740-1011. Its website is finer.com.