{"url":"https://nivawealth.com/firms/wells-financial-advisors-125209","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/125209","regulatoryAum":279258283,"crd":"125209","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5351896","suffix":null,"lastName":"WELLS","firstName":"SARAH","middleName":"ANN"},{"crd":"2147013","suffix":null,"lastName":"WELLS","firstName":"TERRY","middleName":"BRADLEY"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-26","regulatoryAum":203948315,"clients":123,"employees":5,"offices":1},{"filedOn":"2022-03-27","regulatoryAum":233833812,"clients":132,"employees":6,"offices":1},{"filedOn":"2023-03-21","regulatoryAum":203387997,"clients":134,"employees":5,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":223311497,"clients":127,"employees":5,"offices":1},{"filedOn":"2025-03-20","regulatoryAum":248586439,"clients":130,"employees":5,"offices":1},{"filedOn":"2026-03-24","regulatoryAum":279258283,"clients":132,"employees":5,"offices":3}],"secFileNumber":"801-116680","legalName":"Wells Financial Advisors, Inc.","displayName":"Wells Financial Advisors","slug":"wells-financial-advisors-125209","website":"https://tswmanagement.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/wells-financial-advisors-inc-","founded":"1996","organization":"Massachusetts corporation","fiscalYearEnd":"December","headquarters":{"street":"205 Newbury Street, Suite 201","city":"Framingham","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"01701"},"tradeNames":[],"registration":{"secApproved":"24 May 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2115258.772727273,"staff":{"employees":5,"advisory":2,"brokerDealerReps":3,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":279258283,"discretionary":279258283,"discretionaryAccounts":425,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":57,"regulatoryAum":30851546},{"label":"High-net-worth individuals","clients":75,"regulatoryAum":248362612},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":44125}],"feePrograms":[{"role":"main","program":"Account Portfolio Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019467","versionId":1019467,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-16","documentName":"TSW MANAGEMENT ADV PART 2A BROCHURE","fee_rate_low":0.5,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning and Consulting","summary":"Financial planning is typically a fixed fee of $1,900 to $5,900, negotiable; special consulting projects are charged up to $350 an hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019467","versionId":1019467,"submittedOn":"2026-03-16","documentName":"TSW MANAGEMENT ADV PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:46:22.217442+00:00","documents":[{"name":"TSW MANAGEMENT ADV PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019467","versionId":1019467,"submittedOn":"2026-03-16"}]},"custodians":[{"name":"Investment Distributors, Inc.","shortName":"Investment Distributors","location":"Birmingham, AL","smaAssets":29751793},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":242801051}],"custodyNote":"Wells Financial Advisors has custody of $36M in client assets for 26 clients.","leadership":[{"name":"Sarah Wells","title":"Chief Compliance Officer, Principal","crd":"5351896"},{"name":"Terry Wells","title":"Managing Principal","crd":"2147013"}],"ownership":[{"label":"Terry Wells","detail":"Managing principal in the 75% or more ownership band and a control person, since August 1996."},{"label":"Sarah Wells","detail":"Chief compliance officer, principal in the 5% to 10% ownership band, since February 2026."}],"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"205 Newbury Street, Suite 201","city":"Framingham","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"508-655-9303","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"1-10","assetMix":[{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":84},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":12,"detail":"Variable Annuity Sub-Accounts,  De Minimis Amount of Exchange Traded Securities,us State and Local Bonds, Cleitn Plan Particiant Accounts."}],"privateFunds":0},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/125209/PDF/125209.pdf","brochureDate":"16 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019467","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Wells Financial Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wells Financial Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Wells Financial Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Wells Financial Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Wells Financial Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Wells Financial Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Wells Financial Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wells Financial Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Wells Financial Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Wells Financial Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/wells-financial-advisors-125209/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-23","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1844454/000184445426000004/0001844454-26-000004-index.html","totalValue":10773604,"positionCount":42,"top10Share":0.6665540147939353,"top10":[{"issuer":"STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF","titleOfClass":"ETF","cusip":"78464A409","value":1425143,"shares":11977,"shareType":"SH","priorValue":1171493,"priorShares":11965},{"issuer":"STATE STREET SPDR PORTFOLIO S&P 500 VALUE ETF","titleOfClass":"ETF","cusip":"78464A508","value":1181879,"shares":19442,"shareType":"SH","priorValue":1104725,"priorShares":19525},{"issuer":"ISHARES MSCI USA QUALITY FACTOR 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}