{"url":"https://nivawealth.com/firms/goverman-financial-solutions-130397","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/130397","regulatoryAum":171891000,"crd":"130397","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1939080","suffix":null,"lastName":"GOVERMAN","firstName":"BARNET","middleName":null},{"crd":"6606767","suffix":null,"lastName":"Goverman","firstName":"Brett","middleName":"Charles"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-03-11","regulatoryAum":137712000,"clients":235,"employees":2,"offices":1},{"filedOn":"2023-08-01","regulatoryAum":118473000,"clients":249,"employees":2,"offices":1},{"filedOn":"2024-03-21","regulatoryAum":132489000,"clients":251,"employees":2,"offices":1},{"filedOn":"2025-03-25","regulatoryAum":155861000,"clients":260,"employees":2,"offices":1},{"filedOn":"2026-04-30","regulatoryAum":171891000,"clients":270,"employees":2,"offices":1}],"secFileNumber":"801-121840","legalName":"Goverman Financial Solutions, LLC","displayName":"Goverman Financial Solutions","slug":"goverman-financial-solutions-130397","website":"https://govermanfinancialsolutions.net/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Massachusetts limited liability company","fiscalYearEnd":"December","headquarters":{"street":"990 Washington Street, Suite 317","city":"Dedham","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02026"},"tradeNames":[],"registration":{"secApproved":"26 July 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":636633.3333333334,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":171891000,"discretionary":171891000,"discretionaryAccounts":570,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":190,"regulatoryAum":40421000},{"label":"High-net-worth individuals","clients":80,"regulatoryAum":131470000}],"feePrograms":[{"role":"main","program":"Investment Advisory","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025874","versionId":1025874,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-25","documentName":"FINANCIAL SOLUTIONS ASSOCIATES - FORM ADV PART 2 3-21-2024","fee_rate_low":0.75,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":200000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning","summary":"Financial planning is billed at $300 an hour, non-negotiable, or at an agreed fixed fee; existing advisory clients generally receive it at no additional charge.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025874","versionId":1025874,"submittedOn":"2026-03-25","documentName":"FINANCIAL SOLUTIONS ASSOCIATES - FORM ADV PART 2 3-21-2024"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:03:56.353921+00:00","documents":[{"name":"FINANCIAL SOLUTIONS ASSOCIATES - FORM ADV PART 2 3-21-2024","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025874","versionId":1025874,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":148919000}],"custodyNote":"Goverman Financial Solutions has custody of $120M for 204 clients.","otherCustodians":[],"leadership":[{"name":"Brett Goverman","title":"Managing Member/Chief Compliance Officer","crd":"6606767"},{"name":"Brett Goverman","title":"Managing Member","crd":"6606767"}],"ownership":[{"label":"Brett Goverman","detail":"Managing member in the 75% or more ownership band and a control person, since May 2023. Also managing member/chief compliance officer in the 75% or more ownership band and a control person, since May 2023."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"990 Washington Street, Suite 317","city":"Dedham","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"781-251-0505","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"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":62},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":36,"detail":"Exchange Traded Funds (Etfs) 34 %, Variable Annuities 2%"}],"privateFunds":0},"sources":{"adv1FilingDate":"30 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/130397/PDF/130397.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025874","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 Goverman Financial Solutions have?","answer":"Goverman Financial Solutions has 270 clients and manages $172 million for them, as of April 2026. They include 190 individual clients and 80 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Goverman Financial Solutions offer?","answer":"Goverman Financial Solutions 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Goverman Financial Solutions charge?","answer":"Goverman Financial Solutions charges 0.75%–1.50% a year for its Investment Advisory. The fee is billed in advance, is negotiable and requires an account of at least $200,000.","source":"FINANCIAL SOLUTIONS ASSOCIATES - FORM ADV PART 2 3-21-2024, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Goverman Financial Solutions use?","answer":"Goverman Financial Solutions’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $149M. 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Goverman Financial Solutions have?","answer":"Goverman Financial Solutions has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Goverman Financial Solutions invest in?","answer":"At the end of its last fiscal year, Goverman Financial Solutions’ separately managed accounts held 62% registered funds (mutual funds, ETFs, BDCs), 36% other, 1% exchange-traded equities and 1% cash and equivalents. The 36% other category is described as: Exchange Traded Funds (Etfs) 34 %, Variable Annuities 2%.","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":"Does Goverman Financial Solutions have a minimum investment?","answer":"Yes, Goverman Financial Solutions’ minimum account size for its Investment Advisory is $200K.","source":"FINANCIAL SOLUTIONS ASSOCIATES - FORM ADV PART 2 3-21-2024, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Goverman Financial Solutions?","answer":"Goverman Financial Solutions’ direct owner is Brett Goverman (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Goverman Financial Solutions get paid?","answer":"Goverman Financial Solutions 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":"How do I contact Goverman Financial Solutions?","answer":"Goverman Financial Solutions’ main office is at 990 Washington Street, Suite 317, Dedham, MA 02026. Its phone number is 781-251-0505. Its website is govermanfinancialsolutions.net.","source":"Form ADV Part 1A, Item 1.F, filed 30 April 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."}