The Sher Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
The Sher Wealth Management Group reports 56 clients. They include 34 high-net-worth individuals, 13 individual clients and 9 other clients. Of its assets, 100.0% ($146M across 146 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 23% | 3% |
| High-net-worth individuals | 61% | 82% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
| Other | 16% | 14% |
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) | 13 | $4.89M | 3.4% | $376K |
| High-net-worth individuals | 34 | $120M | 82.3% | $3.53M |
| Charitable organizations | Fewer than 5 | $103K | 0.1% | — |
| Corporations and other businesses | Fewer than 5 | $110K | 0.1% | — |
| Other | 9 | $20.6M | 14.2% | $2.29M |
| Total | 56 | $146M | 100% | — |
- Clients
- 13
- Regulatory AUM
- $4.89M
- AUM share
- 3.4%
- Avg. per client
- $376K
- Clients
- 34
- Regulatory AUM
- $120M
- AUM share
- 82.3%
- Avg. per client
- $3.53M
- Clients
- Fewer than 5
- Regulatory AUM
- $103K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $110K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 9
- Regulatory AUM
- $20.6M
- AUM share
- 14.2%
- Avg. per client
- $2.29M
Total
- Clients
- 56
- Regulatory AUM
- $146M
- 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
- 26–50
The Sher Wealth Management Group charges up to 1.25% a year for its Account Fee. The fee is billed in advance and is negotiable.
Fee details and sources
Philip Sher owns 75% or more of The Sher Wealth Management Group. The leadership team of The Sher Wealth Management Group includes Chief Compliance Officer Sharlene Wolf. It has 2 employees.
Leadership
- Sharlene WolfChief Compliance Officer
- Philip SherManaging Director
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 broker-dealer reps
- 1 insurance agent
- Owns 75% or more of The Sher Wealth Management Group, Inc.
Philip Sher
Control person · since January 1999
The Sher Wealth Management Group’s regulatory assets grew from $130M (February 2025) to $146M (January 2026); clients were 56 in both filings and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $146M | 56 | 2 | 1 |
| February 2025 | $130M | 54 | 2 | 1 |
Besides its headquarters, The Sher Wealth Management Group has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 75 Second Ave., Suite 605, NeedhamHQ
Contact and registration details
- Legal name
- The Sher Wealth Management Group, Inc.
- Headquarters
- 75 Second Ave., Suite 605, Needham, MA 02494
- Website
- sherwealth.com
- Phone
- 617-928-3656
- SEC file
- 801-131993
- Structure
- Massachusetts corporation
- Fiscal year end
- December
The Sher Wealth Management Group uses LPL Financial ($146M) as custodian for its separately managed accounts. The Sher Wealth Management Group does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $146M100%
At year end, The Sher Wealth Management Group’s separately managed accounts were mostly in funds (92%).
What the accounts hold
- Stocks5%
- Funds92%
- Cash3%
How many clients does The Sher Wealth Management Group have?
The Sher Wealth Management Group has 56 clients and manages $146 million for them, as of January 2026. They include 34 high-net-worth individuals, 13 individual clients and 9 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 January 2026
What services does The Sher Wealth Management Group offer?
The Sher Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does The Sher Wealth Management Group charge?
The Sher Wealth Management Group charges up to 1.25% a year for its Account Fee. The fee is billed in advance and is negotiable.
Source: ADV 2A, filed 15 January 2026
Which custodians does The Sher Wealth Management Group use?
The Sher Wealth Management Group’s separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $146M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 January 2026
How many financial advisors does The Sher Wealth Management Group have?
The Sher Wealth Management Group has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does The Sher Wealth Management Group invest in?
At the end of its last fiscal year, The Sher Wealth Management Group’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Sher Wealth Management Group?
The Sher Wealth Management Group’s direct owner is Philip Sher (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 January 2026
How does The Sher Wealth Management Group get paid?
The Sher Wealth Management Group 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 The Sher Wealth Management Group registered with the SEC?
Yes, The Sher Wealth Management Group has been registered with the SEC as an investment adviser since 18 February 2025. Its CRD number is 172369 and its SEC file number is 801-131993.
Source: Form ADV Part 1A, Item 1, filed 15 January 2026; IAPD firm record
How do I contact The Sher Wealth Management Group?
The Sher Wealth Management Group’s main office is at 75 Second Ave., Suite 605, Needham, MA 02494. Its phone number is 617-928-3656. Its website is sherwealth.com.