Wells Financial Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Wells Financial Advisors reports 132 clients. They include 75 high-net-worth individuals and 57 individual clients. Of its assets, 100.0% ($279M across 425 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 11% |
| High-net-worth individuals | 57% | 89% |
| Charitable organizations | 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) | 57 | $30.9M | 11.0% | $541K |
| High-net-worth individuals | 75 | $248M | 88.9% | $3.31M |
| Charitable organizations | Fewer than 5 | $44.1K | 0.0% | — |
| Total | 132 | $279M | 100% | — |
- Clients
- 57
- Regulatory AUM
- $30.9M
- AUM share
- 11.0%
- Avg. per client
- $541K
- Clients
- 75
- Regulatory AUM
- $248M
- AUM share
- 88.9%
- Avg. per client
- $3.31M
- Clients
- Fewer than 5
- Regulatory AUM
- $44.1K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 132
- Regulatory AUM
- $279M
- 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
- 1–10
Wells Financial Advisors charges 0.50%–1.25% a year for its Account Portfolio Management. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning is typically a fixed fee of $1,900 to $5,900, negotiable; special consulting projects are charged up to $350 an hour.
Terry Wells owns 75% or more of Wells Financial Advisors. The leadership team of Wells Financial Advisors includes Chief Compliance Officer Sarah Wells. It has 5 employees, 2 of them in advisory roles.
Leadership
- Sarah WellsChief Compliance Officer, Principal
- Terry WellsManaging Principal
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Sarah Ann Wells
- Terry Bradley Wells
Staff
- 5 employees
- 2 in advisory functions
- 2 state-registered reps
- 3 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of Wells Financial Advisors, Inc.
Terry Wells
Control person · since August 1996
- Owns 5% to 10% of Wells Financial Advisors, Inc.
Sarah Wells
since February 2026
Wells Financial Advisors’ regulatory assets grew from $204M (March 2021) to $279M (March 2026); clients rose from 123 to 132 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $279M | 132 | 5 | 3 |
| March 2025 | $249M | 130 | 5 | 1 |
| March 2024 | $223M | 127 | 5 | 1 |
| March 2023 | $203M | 134 | 5 | 1 |
| March 2022 | $234M | 132 | 6 | 1 |
| March 2021 | $204M | 123 | 5 | 1 |
Besides its headquarters, Wells Financial Advisors has 2 offices (2 private residences, listed without an address), with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 205 Newbury Street, Suite 201, FraminghamHQ
Contact and registration details
- Legal name
- Wells Financial Advisors, Inc.
- Headquarters
- 205 Newbury Street, Suite 201, Framingham, MA 01701
- Website
- tswmanagement.com
- Phone
- 508-655-9303
- @wells-financial-advisors-inc-
- SEC file
- 801-116680
- Founded
- 1996
- Structure
- Massachusetts corporation
- Fiscal year end
- December
Wells Financial Advisors uses Charles Schwab ($243M, 89%) and Investment Distributors ($29.8M, 11%) as custodians for its separately managed accounts. Wells Financial Advisors has custody of $36M in client assets for 26 clients.
- Investment DistributorsInvestment Distributors, Inc. · Birmingham, AL · $29.8M11%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $243M89%
At year end, Wells Financial Advisors’ separately managed accounts were mostly in funds (84%). Its reported 13F holdings for the quarter ended 30 June 2026 total $10.8M across 42 positions; the largest are State Street SPDR Portfolio S&P 500 Growth ETF (13.2%), State Street SPDR Portfolio S&P 500 Value ETF (11.0%) and iShares MSCI USA Quality Factor ETF (9.5%).
What the accounts hold
- Funds84%
- Bonds1%
- Cash3%
- Other12%
- Variable annuity sub-accounts, de minimis amount of exchange traded securities,us state and local bonds, cleitn plan particiant accounts.12%
Reported 13F holdings
- $10.8M
- Reported 13F value
- 42
- Positions
- 66.7%
- In the 10 largest
- −51.0%
- Value vs. prior quarter
- State Street SPDR Portfolio S&P 500 Growth ETFETF13.2%
- State Street SPDR Portfolio S&P 500 Value ETFETF11.0%
- iShares MSCI USA Quality Factor ETFETF9.5%
- SPDR Gold Shares ETFETF7.6%
- iShares Esg Aware Usd Corporate Bond ETFETF5.0%
- Vanguard Mid-cap Index Fund ETFETF4.3%
- Vanguard Growth Index Fund ETFETF4.2%
- iShares MSCI Intl Quality Factor ETFETF4.1%
- Vanguard Intermediate-term Treasury ETFETF3.9%
- iShares U.S. Equity Factor Rotation Active ETFETF3.9%
Together, the ten largest are 66.7% of reported value.
How many clients does Wells Financial Advisors have?
Wells Financial Advisors has 132 clients and manages $279 million for them, as of March 2026. They include 75 high-net-worth individuals and 57 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Wells Financial Advisors offer?
Wells Financial Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, 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 Wells Financial Advisors charge?
Wells Financial Advisors charges 0.50%–1.25% a year for its Account Portfolio Management. The fee is billed in advance and is negotiable.
Source: TSW MANAGEMENT ADV PART 2A BROCHURE, filed 16 March 2026
Which custodians does Wells Financial Advisors use?
Wells Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $243M and Investment Distributors, Inc. (Birmingham, AL), with $29.8M. 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 Wells Financial Advisors have?
Wells Financial Advisors has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 perform investment advisory functions. 3 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 Wells Financial Advisors invest in?
At the end of its last fiscal year, Wells Financial Advisors’ separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 12% other, 3% cash and equivalents and 1% U.S. government and agency bonds. The 12% other category is described as: Variable Annuity Sub-Accounts, De Minimis Amount of Exchange Traded Securities,us State and Local Bonds, Cleitn Plan Particiant Accounts.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wells Financial Advisors?
Wells Financial Advisors’ direct owners are Terry Wells (75% or more) and Sarah Wells (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Wells Financial Advisors get paid?
Wells Financial 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
Is Wells Financial Advisors registered with the SEC?
Yes, Wells Financial Advisors has been registered with the SEC as an investment adviser since 24 May 2019. Its CRD number is 125209 and its SEC file number is 801-116680.
Source: Form ADV Part 1A, Item 1, filed 24 March 2026; IAPD firm record
How do I contact Wells Financial Advisors?
Wells Financial Advisors’ main office is at 205 Newbury Street, Suite 201, Framingham, MA 01701. Its phone number is 508-655-9303. Its website is tswmanagement.com.