New England Private Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
New England Private Wealth Advisors reports 434 clients. They include 338 high-net-worth individuals, 58 charitable organizations and 38 individual clients. Of its assets, 74.8% ($3.81B across 2,911 accounts) are managed with discretion; $1.28B across 200 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 9% | <1% |
| High-net-worth individuals | 78% | 60% |
| Pension and profit-sharing plans | Fewer than 5 | 3% |
| Charitable organizations | 13% | 37% |
| Corporations and other businesses | Fewer than 5 | <1% |
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) | 38 | $24.8M | 0.5% | $654K |
| High-net-worth individuals | 338 | $3.05B | 59.9% | $9.02M |
| Pension and profit-sharing plans | Fewer than 5 | $134M | 2.6% | — |
| Charitable organizations | 58 | $1.87B | 36.8% | $32.3M |
| Corporations and other businesses | Fewer than 5 | $6.3M | 0.1% | — |
| Total | 434 | $5.09B | 100% | — |
- Clients
- 38
- Regulatory AUM
- $24.8M
- AUM share
- 0.5%
- Avg. per client
- $654K
- Clients
- 338
- Regulatory AUM
- $3.05B
- AUM share
- 59.9%
- Avg. per client
- $9.02M
- Clients
- Fewer than 5
- Regulatory AUM
- $134M
- AUM share
- 2.6%
- Avg. per client
- —
- Clients
- 58
- Regulatory AUM
- $1.87B
- AUM share
- 36.8%
- Avg. per client
- $32.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.3M
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 434
- Regulatory AUM
- $5.09B
- 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
- Financial planning clients last fiscal year
- 251–500
New England Private Wealth Advisors charges 0.50%–1.00% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in arrears. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$10M | 0.80% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- Diversified Income Model SMA Strategies
- An annual fee of 1%, debited from the account quarterly in arrears.
- Tax-Related Services
- A separate fee may be charged for tax preparation services; the brochure states no amount.
Aspen Standard Group, LLC owns 75% or more of New England Private Wealth Advisors and is in turn owned by Aspen Standard Group Intermediate Co. LLC (75% or more). Ira Rapaport is CEO; the leadership team includes President Melissa Boccaci and Chief Operating Officer Matthew Maclachlan. It has 21 employees, 10 of them in advisory roles.
Leadership
Ira RapaportChief Executive Officer
Melissa BoccaciPresident/Senior Financial Advisor/Chief Compliance Officer
Matthew MaclachlanChief Operating Officer
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Michael Anthony Abbondanza
- Timothy William Dempsey
- Nicholas Robert Distefano
- James Paul Karamourtopoulos
- Sarah Jane Lewis
- Caitlin Shelagh Polson
- Kelly Joan Saffery
- Jeremy Seth Sandler
- Sara Beth Shores
- David S Young
Staff
- 21 employees
- 10 in advisory functions
- 9 state-registered reps
- Owns 75% or more of New England Private Wealth Advisors, LLC
Aspen Standard Group, LLC
Control person · since April 2025
- Owns 75% or more of Aspen Standard Group, LLC
Aspen Standard Group Intermediate Co. LLC
Control person · since July 2024
- Owns 75% or more of Aspen Standard Group Intermediate Co. LLC
Aspen Standard Group Topco, LP
Control person · since August 2024
- Owns 75% or more of Aspen Standard Group Topco, LP
Evergreen Services Group Topco II, LLC
Control person · since March 2025
- Owns 50% to 75% of Evergreen Services Group Topco II, LLC
Alpine Investors IX-A Splitter Eg II, LP
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Splitter Eg II, LP
Alpine Investors IX-A Blocker Eg II, LLC
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Blocker Eg II, LLC
Alpine Investors IX-A, LP
Control person · since March 2025
- Owns 25% to 50% of Evergreen Services Group Topco II, LLC
Alpine Investors IX, LP
Control person · since May 2021
New England Private Wealth Advisors’ regulatory assets grew 2.2× from $2.31B (March 2021) to $5.09B (March 2026); clients rose from 309 to 434 and employees from 18 to 21. In 2025, DHK Financial Advisors ($1.68B in its last filing) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $5.09B | 434 | 21 | 3 |
| April 2025 | $3B | 372 | 17 | 2 |
| May 2024 | $2.68B | 345 | 18 | 2 |
| March 2023 | $2.36B | 335 | 19 | 2 |
| March 2022 | $2.57B | 327 | 18 | 2 |
| March 2021 | $2.31B | 309 | 18 | 1 |
Firms that joined
20251 joined
- DHK Financial AdvisorsLast filed AUM $1.68B
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, New England Private Wealth Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Massachusetts and New Hampshire.
Massachusetts · 1 listed address
- 36 Washington Street, Suite 280, WellesleyHQ
New Hampshire · 1 listed address
- 3 Greenleaf Woods Drive, Portsmouth
Contact and registration details
- Legal name
- New England Private Wealth Advisors, LLC
- Headquarters
- 36 Washington Street, Suite 280, Wellesley, MA 02481-1922
- Website
- nepwealth.com
- Phone
- 781-416-1700
- SEC file
- 801-63830
- Structure
- Massachusetts LLC
- Fiscal year end
- December
New England Private Wealth Advisors uses Fidelity ($2.13B, 53%) and Charles Schwab ($1.92B, 47%) as custodians for its separately managed accounts. New England Private Wealth Advisors has custody of $9.27M in client assets for 7 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.92B47%
- FidelityFidelity Brokerage Services LLC · Wilmington, DE · $2.13B53%
At year end, New England Private Wealth Advisors’ separately managed accounts were mostly in funds (58%) and stocks (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.04B across 205 positions; the largest are Vanguard Specialized Funds (5.1%), Vanguard Index Fds (4.7%) and First TR Exchange-traded FD (3.7%).
What the accounts hold
- Stocks25%
- Funds58%
- Registered funds57%
- Pooled vehicles1%
- Bonds5%
- U.S. government and agency bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- High-yield corporate bonds1%
- Cash11%
- Other1%
- Other includes annuities, 529 plans, and charitable gift funds1%
Reported 13F holdings
- $1.04B
- Reported 13F value
- 205
- Positions
- 33.9%
- In the 10 largest
- +19.5%
- Value vs. prior quarter
- Vanguard Specialized Funds · Div App ETF5.1%
- Vanguard Index Fds · Total Stk Mkt4.7%
- First TR Exchange-traded FD3.7%
- Broadstone Net Lease Inc.3.4%
- Janus Detroit Str TR · Hendrson Aaa CL3.1%
- Invesco Exchange Traded FD T · S&P500 Pur Gwt3.1%
- Vanguard Index Fds · Extend Mkt ETF2.9%
- Capital Group Dividend Value · Shs Creat Unit2.8%
- Invesco Exch Traded FD TR II · S&P500 Low Vol2.7%
- Neos ETF Trust · Neos Enh Inc. 1-32.5%
Together, the ten largest are 33.9% of reported value.
How many clients does New England Private Wealth Advisors have?
New England Private Wealth Advisors has 434 clients and manages $5.09 billion for them, as of March 2026. They include 338 high-net-worth individuals, 58 charitable organizations and 38 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does New England Private Wealth Advisors offer?
New England Private Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does New England Private Wealth Advisors charge?
New England Private Wealth Advisors charges 0.50%–1.00% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in arrears.
Which custodians does New England Private Wealth Advisors use?
New England Private Wealth Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Wilmington, DE), with $2.13B and Charles Schwab & Co., Inc. (San Francisco, CA), with $1.92B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does New England Private Wealth Advisors have?
New England Private Wealth Advisors has 9 investment adviser representatives registered with state securities authorities, out of 21 employees, and 10 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 New England Private Wealth Advisors invest in?
At the end of its last fiscal year, New England Private Wealth Advisors’ separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 25% exchange-traded equities, 11% cash and equivalents, 2% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds, 1% high-yield corporate bonds, 1% pooled vehicles (private funds and similar) and 1% other. The 1% other category is described as: Other Includes Annuities, 529 Plans, and Charitable Gift Funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns New England Private Wealth Advisors?
New England Private Wealth Advisors is owned through a chain of holding companies by Alpine Investors IX, LP and Alpine Investors IX-A, LP. Its direct owner is Aspen Standard Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does New England Private Wealth Advisors get paid?
New England Private Wealth Advisors is paid through a percentage of assets under management 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 New England Private Wealth Advisors?
New England Private Wealth Advisors’ main office is at 36 Washington Street, Suite 280, Wellesley, MA 02481-1922. Its phone number is 781-416-1700. Its website is nepwealth.com.