Massachusetts Wealth Management provides portfolio management for individuals and small businesses and retirement plan services.
Massachusetts Wealth Management reports 324 clients. They include 230 individual clients and 94 high-net-worth individuals. Of its assets, 100.0% ($301M across 541 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 27% |
| High-net-worth individuals | 29% | 68% |
| Pension and profit-sharing plans | Fewer than 5 | 1% |
| Charitable organizations | Fewer than 5 | 3% |
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) | 230 | $82.3M | 27.3% | $358K |
| High-net-worth individuals | 94 | $205M | 67.9% | $2.18M |
| Pension and profit-sharing plans | Fewer than 5 | $3.93M | 1.3% | — |
| Charitable organizations | Fewer than 5 | $10.5M | 3.5% | — |
| Total | 324 | $301M | 100% | — |
- Clients
- 230
- Regulatory AUM
- $82.3M
- AUM share
- 27.3%
- Avg. per client
- $358K
- Clients
- 94
- Regulatory AUM
- $205M
- AUM share
- 67.9%
- Avg. per client
- $2.18M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.93M
- AUM share
- 1.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $10.5M
- AUM share
- 3.5%
- Avg. per client
- —
Total
- Clients
- 324
- Regulatory AUM
- $301M
- 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
Massachusetts Wealth Management charges 0.50%–1.00% a year for its Discretionary Investment Management Services. The fee is billed in arrears and is negotiable.
Fee details and sources
Samuel Conte owns 75% or more of Massachusetts Wealth Management. The leadership team of Massachusetts Wealth Management includes President Samuel Conte. It has 3 employees, 2 of them in advisory roles.
Leadership
- Samuel ConteCCO/President/Managing Member
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Samuel James Conte II
- Kaitlyn Ann O'Neill
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Massachusetts Wealth Management, LLC
Samuel Conte
Control person · since December 2011
Massachusetts Wealth Management’s regulatory assets grew 2.1× from $145M (March 2021) to $301M (March 2026); clients rose from 134 to 324 and employees from 2 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $301M | 324 | 3 | 1 |
| February 2025 | $252M | 305 | 3 | 1 |
| March 2024 | $227M | 268 | 3 | 1 |
| April 2023 | $201M | 169 | 3 | 1 |
| March 2022 | $175M | 140 | 2 | 1 |
| March 2021 | $145M | 134 | 2 | 1 |
Besides its headquarters, Massachusetts Wealth Management has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 807 Turnpike Street, North AndoverHQ
Contact and registration details
- Legal name
- Massachusetts Wealth Management, LLC
- Headquarters
- 807 Turnpike Street, North Andover, MA 01845
- Website
- masswealth.com
- Phone
- 978-685-1050
- SEC file
- 801-112083
- Founded
- 2011
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Massachusetts Wealth Management uses Fidelity ($233M, 77%), Charles Schwab ($68.5M, 23%) and UBS Financial Services ($319K, 0%) as custodians for its separately managed accounts. Massachusetts Wealth Management has custody of $137M in client assets for 134 clients.
- FidelityNational Financial Services LLC · Smithfield, RI · $233M77%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $68.5M23%
- UBS Financial ServicesUBS Financial Services Inc. · Weehawken, NJ · $319K0%
At year end, Massachusetts Wealth Management’s separately managed accounts were mostly in stocks (72%) and cash (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $262M across 98 positions; the largest are J P Morgan Exchange Traded F (5.3%), Select Sector SPDR TR (4.3%) and Micron Technology Inc. (3.5%).
What the accounts hold
- Stocks72%
- Bonds13%
- Investment grade corporate bonds10%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash15%
Reported 13F holdings
- $262M
- Reported 13F value
- 98
- Positions
- 31.1%
- In the 10 largest
- +13.8%
- Value vs. prior quarter
- J P Morgan Exchange Traded F · Ultra Shrt ETF5.3%
- Select Sector SPDR TR · ST Str Techn ETF4.3%
- Micron Technology Inc.3.5%
- Select Sector SPDR TR · ST Str Indl ETF2.8%
- GE Vernova Inc.2.7%
- Citigroup Inc.2.7%
- JPMORGAN Chase & CO2.5%
- Caterpillar Inc.2.5%
- Apple Inc.2.4%
- Exxon Mobil Corp.2.3%
Together, the ten largest are 31.1% of reported value.
How many clients does Massachusetts Wealth Management have?
Massachusetts Wealth Management has 324 clients and manages $301 million for them, as of March 2026. They include 230 individual clients and 94 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Massachusetts Wealth Management offer?
Massachusetts Wealth Management provides portfolio management for individuals and small businesses and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Massachusetts Wealth Management charge?
Massachusetts Wealth Management charges 0.50%–1.00% a year for its Discretionary Investment Management Services. The fee is billed in arrears and is negotiable.
Source: MWM FORM ADV PART 2A-FIRM BROCHURE, filed 24 March 2026
Which custodians does Massachusetts Wealth Management use?
Massachusetts Wealth Management’s separately managed account assets are held at National Financial Services LLC (Smithfield, RI), with $233M, Charles Schwab & Co., Inc. (San Francisco, CA), with $68.5M and UBS Financial Services Inc. (Weehawken, NJ), with $319K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Massachusetts Wealth Management have?
Massachusetts Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 3 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
What does Massachusetts Wealth Management invest in?
At the end of its last fiscal year, Massachusetts Wealth Management’s separately managed accounts held 72% exchange-traded equities, 15% cash and equivalents, 10% investment grade corporate bonds, 2% U.S. government and agency bonds 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
Who owns Massachusetts Wealth Management?
Massachusetts Wealth Management’s direct owner is Samuel Conte (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Massachusetts Wealth Management get paid?
Massachusetts Wealth Management is paid through a percentage of assets under management. 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 Massachusetts Wealth Management registered with the SEC?
Yes, Massachusetts Wealth Management has been registered with the SEC as an investment adviser since 29 November 2017. Its CRD number is 160235 and its SEC file number is 801-112083.
Source: Form ADV Part 1A, Item 1, filed 24 March 2026; IAPD firm record
How do I contact Massachusetts Wealth Management?
Massachusetts Wealth Management’s main office is at 807 Turnpike Street, North Andover, MA 01845. Its phone number is 978-685-1050. Its website is masswealth.com.