Nvest Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, insurance, and philanthropic planning. Financial planning was provided to 11–25 clients last fiscal year.
Nvest Financial reports 809 clients. They include 607 individual clients, 192 high-net-worth individuals and 9 charitable organizations. Of its assets, 100.0% ($688M across 2,066 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 30% |
| High-net-worth individuals | 24% | 68% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | 1% | 2% |
| Corporations and other businesses | <1% | <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) | 607 | $204M | 29.6% | $336K |
| High-net-worth individuals | 192 | $468M | 67.9% | $2.44M |
| Pension and profit-sharing plans | Fewer than 5 | $487K | 0.1% | — |
| Charitable organizations | 9 | $12.2M | 1.8% | $1.36M |
| Corporations and other businesses | 1 | $4.06M | 0.6% | $4.06M |
| Total | 809 | $688M | 100% | — |
- Clients
- 607
- Regulatory AUM
- $204M
- AUM share
- 29.6%
- Avg. per client
- $336K
- Clients
- 192
- Regulatory AUM
- $468M
- AUM share
- 67.9%
- Avg. per client
- $2.44M
- Clients
- Fewer than 5
- Regulatory AUM
- $487K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 9
- Regulatory AUM
- $12.2M
- AUM share
- 1.8%
- Avg. per client
- $1.36M
- Clients
- 1
- Regulatory AUM
- $4.06M
- AUM share
- 0.6%
- Avg. per client
- $4.06M
Total
- Clients
- 809
- Regulatory AUM
- $688M
- 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
- 11–25
Nvest Financial charges 0.30%–1.30% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.30% |
| $500K–$1M | 1.00% |
| $1M–$2.5M | 0.60% |
| $2.5M–$5M | 0.40% |
| $5M and above | 0.30% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed hourly at $350 to $475 an hour, or as a fixed fee of $1,750 to $15,000, negotiable.
Nichole Raftopoulos owns 50% to 75% of Nvest Financial. Nichole Raftopoulos is CEO; the leadership team includes President George Raftopoulos. It has 16 employees, 5 of them in advisory roles.
Leadership
- Nichole RaftopoulosChief Executive Officer & Chief Compliance Officer
George RaftopoulosPresident
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 16 employees
- 5 in advisory functions
- 5 state-registered reps
- 4 broker-dealer reps
- 2 insurance agents
- Owns 50% to 75% of Nvest Financial, LLC
Nichole Raftopoulos
Control person · since June 2003
- Owns 25% to 50% of Nvest Financial, LLC
George Raftopoulos
Control person · since September 2020
Nvest Financial’s regulatory assets grew 2.5× from $274M (February 2022) to $688M (August 2026); clients rose from 678 to 809 and employees from 10 to 16.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $688M | 809 | 16 | 4 |
| July 2025 | $523M | 622 | 15 | 4 |
| March 2024 | $380M | 497 | 12 | 3 |
| July 2023 | $268M | 518 | 12 | 2 |
| February 2022 | $274M | 678 | 10 | 2 |
Besides its headquarters, Nvest Financial has 3 offices, with 4 listed addresses in Maine, Massachusetts and New Hampshire.
Maine · 2 listed addresses
- 69 York Street, Kennebunk
- 48 Free Street, Portland
Massachusetts · 1 listed address
- 222 Rosewood Drive, Danvers
New Hampshire · 1 listed address
- Two International Drive, Suite 110, PortsmouthHQ
Contact and registration details
- Legal name
- Nvest Financial, LLC
- Headquarters
- Two International Drive, Suite 110, Portsmouth, NH 03801
- Website
- nvestfinancial.com
- Phone
- 207-985-8585
- @nvestfg
- SEC file
- 801-123374
- Founded
- 2003
- Structure
- New Hampshire LLC
- Fiscal year end
- December
Nvest Financial uses Fidelity ($672M) as custodian for its separately managed accounts. Nvest Financial has custody of $586M in client assets for 634 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $672M100%
At year end, Nvest Financial’s separately managed accounts were mostly in funds (68%) and stocks (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $316M across 150 positions; the largest are iShares TR (6.3%), State Str SPDR S&P 500 ETF T (5.5%) and Apple Inc. (3.9%).
What the accounts hold
- Stocks20%
- Funds68%
- Bonds10%
- Investment grade corporate bonds9%
- U.S. government and agency bonds1%
- Cash1%
- Other1%
- Annuities, non-listed alternatives, foreign bonds1%
Reported 13F holdings
- $316M
- Reported 13F value
- 150
- Positions
- 34.4%
- In the 10 largest
- +17.8%
- Value vs. prior quarter
- iShares TR · Rus 1000 Grw ETF6.3%
- State Str SPDR S&P 500 ETF T · TR Unit5.5%
- Apple Inc.3.9%
- iShares TR · S&P 500 Val ETF3.8%
- ETF Ser Solutions · Defia Quant ETF2.8%
- Alphabet Inc. · Cap Stk CL A2.7%
- Vanguard Scottsdale Fds · Vng Rus2000grw2.5%
- Nvidia Corporation2.4%
- Berkshire Hathaway Inc. Del · CL B New2.3%
- Victory Portfolios II · Vcshs US Smcp HG2.3%
Together, the ten largest are 34.4% of reported value.
How many clients does Nvest Financial have?
Nvest Financial has 809 clients and manages $688 million for them, as of August 2026. They include 607 individual clients, 192 high-net-worth individuals and 9 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 August 2026
What services does Nvest Financial offer?
Nvest Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, insurance, and philanthropic 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 Nvest Financial charge?
Nvest Financial charges 0.30%–1.30% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Nvest Financial use?
Nvest Financial’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $672M. 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 August 2026
How many financial advisors does Nvest Financial have?
Nvest Financial has 5 investment adviser representatives registered with state securities authorities, out of 16 employees, and 5 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 2 employees are 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 Nvest Financial invest in?
At the end of its last fiscal year, Nvest Financial’s separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities, 9% investment grade corporate bonds, 1% U.S. government and agency bonds, 1% cash and equivalents and 1% other. The 1% other category is described as: Annuities, Non-Listed Alternatives, Foreign Bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Nvest Financial?
Nvest Financial’s direct owners are Nichole Raftopoulos (50% to 75%) and George Raftopoulos (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 August 2026
How does Nvest Financial get paid?
Nvest Financial 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
Is Nvest Financial registered with the SEC?
Yes, Nvest Financial has been registered with the SEC as an investment adviser since 4 March 2022. Its CRD number is 128868 and its SEC file number is 801-123374.
Source: Form ADV Part 1A, Item 1, filed 24 August 2026; IAPD firm record
How do I contact Nvest Financial?
Nvest Financial’s main office is at Two International Drive, Suite 110, Portsmouth, NH 03801. Its phone number is 207-985-8585. Its website is nvestfinancial.com.