Monument Group Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, family office services, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Monument Group Wealth Advisors reports 173 clients. They include 149 high-net-worth individuals, 20 individual clients and 3 other clients. Of its assets, 100.0% ($679M across 702 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 12% | 1% |
| High-net-worth individuals | 86% | 98% |
| Charitable organizations | <1% | <1% |
| Other | 2% | 0% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 20 | $9.71M | 1.4% | $485K |
| High-net-worth individuals | 149 | $668M | 98.4% | $4.49M |
| Charitable organizations | Fewer than 5 | $892K | 0.1% | $892K |
| Other | 3 | $0 | 0.0% | $0 |
| Total | 173 | $679M | 100% | — |
- Clients
- 20
- Regulatory AUM
- $9.71M
- AUM share
- 1.4%
- Avg. per client
- $485K
- Clients
- 149
- Regulatory AUM
- $668M
- AUM share
- 98.4%
- Avg. per client
- $4.49M
- Clients
- Fewer than 5
- Regulatory AUM
- $892K
- AUM share
- 0.1%
- Avg. per client
- $892K
- Clients
- 3
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 173
- Regulatory AUM
- $679M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Monument Group Wealth Advisors charges 0.50%–1.00% a year for its Investment Management - Master Planning. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2.5M | 1.00% |
| $2.5M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Family Office Services
- Typically $100,000 to $200,000 per annum, asset-based or on a retainer basis, paid quarterly in advance or in arrears.
- Financial Planning and Consulting
- Fixed fee of $2,000 to $30,000, which may be negotiable depending on complexity; on a limited basis, hourly at $250 to $500 per hour.
The Lee Christopher McGowan 2005 Trust Dated August 5, 2005 owns 50% to 75% of Monument Group Wealth Advisors. The leadership team of Monument Group Wealth Advisors includes President Lee McGowan. It has 7 employees, 3 of them in advisory roles.
Leadership
- Lee McGowanPresident, Chief Compliance Officer & Senior Wealth Advisor
- Byron WoodmanFounder and CEO
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Lee Christopher McGowan
- Gregory Racki Jr.
- Byron Ewart Woodman JR.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Monument Group Wealth Advisors, LLC
The Lee Christopher McGowan 2005 Trust Dated August 5, 2005
Control person · since August 2005
Lee McGowan
Trustee · Control person · since August 2005
Rose McGowan
Trustee · since August 2005
- Owns 50% to 75% of Monument Group Wealth Advisors, LLC
The Lee Christopher McGowan
Control person · since August 2005
- Owns 25% to 50% of Monument Group Wealth Advisors, LLC
The Byron Ewart Woodman Trust of 1992
Control person · since June 2015
Byron Woodman
Trustee · Control person · since January 1992
Lauren Donahue
Trustee · since September 2025
- Owns 25% to 50% of Monument Group Wealth Advisors, LLC
The Byron Ewart Woodman
Control person · since June 2015
Monument Group Wealth Advisors’ regulatory assets grew 1.8× from $378M (July 2021) to $679M (July 2026); clients rose from 117 to 173 and employees from 4 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $679M | 173 | 7 | 2 |
| March 2025 | $579M | 170 | 7 | 2 |
| July 2024 | $536M | 171 | 8 | 1 |
| March 2023 | $429M | 149 | 6 | 1 |
| May 2022 | $456M | 138 | 4 | 1 |
| July 2021 | $378M | 117 | 4 | 1 |
Besides its headquarters, Monument Group Wealth Advisors has 1 office, with 2 listed addresses in Massachusetts.
Massachusetts · 2 listed addresses
- 801 Main Street, Suite 14, ConcordHQ
- 55 Union Street, Boston
Contact and registration details
- Legal name
- Monument Group Wealth Advisors, LLC
- Headquarters
- 801 Main Street, Suite 14, Concord, MA 01742
- Website
- Not reported
- Phone
- 978-369-7705
- SEC file
- 801-60480
- Founded
- 2001
- Structure
- Delaware LLC
- Fiscal year end
- December
Monument Group Wealth Advisors uses Charles Schwab ($340M, 63%) and Fidelity ($200M, 37%) as custodians for its separately managed accounts. Monument Group Wealth Advisors has custody of $270M in client assets for 130 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $340M63%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $200M37%
At year end, Monument Group Wealth Advisors’ separately managed accounts were mostly in funds (82%). Its reported 13F holdings for the quarter ended 30 June 2026 total $208M across 44 positions; the largest are Dimensional U.S. Core Equity 2 ETF (46.0%), Dimensional International Core Equity Market ETF (17.0%) and Vanguard Total Stk Mkt (10.3%).
What the accounts hold
- Stocks3%
- Funds82%
- Bonds9%
- U.S. government and agency bonds8%
- State and local bonds1%
- Cash3%
- Other3%
- Certificates of deposit3%
Reported 13F holdings
- $208M
- Reported 13F value
- 44
- Positions
- 92.1%
- In the 10 largest
- +15.6%
- Value vs. prior quarter
- Dimensional U.S. Core Equity 2 ETFETF46.0%
- Dimensional International Core Equity Market ETFETF17.0%
- Vanguard Total Stk MktETF10.3%
- Dimensional Emerging Core Equity Market ETFETF5.0%
- Vanguard FTSE Developed Markets ETFETF4.8%
- Apple Inc.3.0%
- Vanguard Value ETFETF2.0%
- Vanguard Small-cap ETFETF1.9%
- Vanguard FTSE Emerging Markets ETFETF1.1%
- Dimensional US Sustainability Core 1 ETFETF0.9%
Together, the ten largest are 92.1% of reported value.
How many clients does Monument Group Wealth Advisors have?
Monument Group Wealth Advisors has 173 clients and manages $679 million for them, as of July 2026. They include 149 high-net-worth individuals, 20 individual clients and 3 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 July 2026
What services does Monument Group Wealth Advisors offer?
Monument Group Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, family office services, and tax planning.
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 Monument Group Wealth Advisors charge?
Monument Group Wealth Advisors charges 0.50%–1.00% a year for its Investment Management - Master Planning. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: FORM ADV 2A DISCLOSURE BROCHURE, filed 13 March 2026
Which custodians does Monument Group Wealth Advisors use?
Monument Group Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $340M and Fidelity Brokerage Services LLC (Smithfield, RI), with $200M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 July 2026
How many financial advisors does Monument Group Wealth Advisors have?
Monument Group Wealth Advisors has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 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 Monument Group Wealth Advisors invest in?
At the end of its last fiscal year, Monument Group Wealth Advisors’ separately managed accounts held 82% registered funds (mutual funds, ETFs, BDCs), 8% U.S. government and agency bonds, 3% exchange-traded equities, 3% cash and equivalents, 3% other and 1% state and local bonds. The 3% other category is described as: Certificates of Deposit.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Monument Group Wealth Advisors?
Monument Group Wealth Advisors’ direct owners are the Byron Ewart Woodman Trust of 1992 (25% to 50%), the Byron Ewart Woodman (25% to 50%), the Lee Christopher McGowan 2005 Trust Dated August 5, 2005 (50% to 75%) and the Lee Christopher McGowan (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 13 July 2026
How does Monument Group Wealth Advisors get paid?
Monument Group Wealth Advisors 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 Monument Group Wealth Advisors?
Monument Group Wealth Advisors’ main office is at 801 Main Street, Suite 14, Concord, MA 01742. Its phone number is 978-369-7705.