Top 10 financial advisor firms in Needham

10 SEC-registered financial advisor firms are headquartered in Needham, MA, with $7.96B in combined regulatory assets under management. The largest by assets are Beaumont Financial Advisors ($3.76B), Armstrong Advisory Group ($1.67B) and Centerpoint Advisors ($732M).

10
Financial advisor firms: $7.96B
Their combined AUM: $350M
Median firm AUM: 5,110
Clients of the top 10

The 10 largest by assets

1
Beaumont Financial Advisors
RIA
$3.76B
Up to 1.00% a year
2
Armstrong Advisory Group
RIA
$1.67B
0.50% to 1.25% a year
3
Centerpoint Advisors
RIA
$732M
0.40% to 1.50% a year
4
Goodman Advisory Group
RIA
$415M
Up to 1.50% a year
5
The Darrow
RIA
$392M
Regulatory AUM
6
Commons Capital
RIA
$307M
0.25% to 2.00%
7
Traub Capital Management
RIA
$211M
Regulatory AUM
8
Forness Financial
RIA
$203M
0.25% to 1.00% a year
9
The Sher Wealth Management Group
RIA
$146M
Up to 1.25% a year
10
Breakwater Financial
RIA
$128M
0.50% to 1.50% a year

Profiles of the top 10

No. 1 · RIA

Beaumont Financial Advisors

Beaumont Financial Advisors is an investment adviser based in Needham, MA, registered with the SEC since 2022. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $3.76 billion, as filed on 24 March 2026.

Beaumont Financial Advisors charges up to 1.00% a year for its Investment Management Services.

Regulatory AUM: $3.76B
Clients: 1,910
Advisory staff: 15
Fee schedule: Up to 1.00% a year
Custodians: Fidelity
Headquarters: 250 1st Avenue, Suite 101, Needham, MA 02494
Phone: 781-400-2800
Website: bfpartners.com

No. 2 · RIA

Armstrong Advisory Group

Armstrong Advisory Group is an investment adviser based in Needham, MA, registered with the SEC since 2022. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $1.67 billion, as filed on 10 July 2026.

Armstrong Advisory Group charges 0.50%–1.25% a year for its Investment Management Fee.

Regulatory AUM: $1.67B
Clients: 1,494
Advisory staff: 10
Fee schedule: 0.50% to 1.25% a year
Custodians: Charles Schwab
Headquarters: 144 Gould Street, Suite 210, Needham, MA 02494
Phone: 781-433-0001
Website: armstrongadvisory.com

No. 3 · RIA

Centerpoint Advisors

Centerpoint Advisors is an investment adviser based in Needham, MA, registered with the SEC since 2011. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $732 million, as filed on 31 March 2026.

Centerpoint Advisors charges 0.40%–1.50% a year for its Investment Management and Advisory Fees.

Regulatory AUM: $732M
Clients: 502
Advisory staff: 7
Fee schedule: 0.40% to 1.50% a year
Custodians: Fidelity
Headquarters: 175 Highland Avenue, Suite 302, Needham, MA 02494
Phone: 781-400-1748
Website: centerpointadvisors.net

No. 4 · RIA

Goodman Advisory Group

Goodman Advisory Group is an investment adviser based in Needham, MA, registered with the SEC since 2016. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $415 million, as filed on 12 March 2026.

Goodman Advisory Group charges up to 1.50% a year for its Investment Management Services.

Regulatory AUM: $415M
Clients: 380
Advisory staff: 6
Founded: 2009
Fee schedule: Up to 1.50% a year
Custodians: LPL Financial
Headquarters: 160 Gould St, Suite 102, Needham, MA 02494
Phone: 781-559-0320
Website: goodmanadvisorygroup.com

No. 5 · RIA

The Darrow

The Darrow is an investment adviser based in Needham, MA, registered with the SEC since 1989. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $392 million, as filed on 9 July 2026.

Regulatory AUM: $392M
Clients: 122
Advisory staff: 4
Founded: 1987
Custodians: Charles Schwab
Headquarters: 200 Reservoir Street, Suite 303, Needham, MA 02494
Phone: 978-369-5144
Website: darrowwealthmanagement.com

No. 6 · RIA

Commons Capital

Commons Capital is an investment adviser based in Needham, MA, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $307 million, as filed on 31 August 2026.

Commons Capital charges 0.25%–2.00% for its Wealth Management Services. The brochure does not state whether the rate is annual.

Regulatory AUM: $307M
Clients: 226
Advisory staff: 6
Founded: 2009
Fee schedule: 0.25% to 2.00%
Custodians: Fidelity
Headquarters: 75 2nd Avenue, Suite 410, Needham, MA 02494
Phone: 617-431-7200
Website: commonsllc.com

No. 7 · RIA

Traub Capital Management

Traub Capital Management is an investment adviser based in Needham, MA, registered with the SEC since 2009. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $211 million, as filed on 5 March 2026.

Regulatory AUM: $211M
Clients: 131
Advisory staff: 4
Founded: 2003
Custodians: Fidelity, Charles Schwab
Headquarters: 97 Chapel St, Suite 7, Needham, MA 02492-2680
Phone: 781-453-3929
Website: traubcapital.com

No. 8 · RIA

Forness Financial

Forness Financial is an investment adviser based in Needham, MA, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $203 million, as filed on 6 February 2026.

Forness Financial charges 0.25%–1.00% a year for its Investment Management Services.

Regulatory AUM: $203M
Clients: 227
Advisory staff: 3
Founded: 2014
Fee schedule: 0.25% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 105 Chestnut Street, Suite 37, Needham, MA 02492
Phone: 781-400-2604
Website: fornessfinancial.com

No. 9 · RIA

The Sher Wealth Management Group

The Sher Wealth Management Group is an investment adviser based in Needham, MA, registered with the SEC since 2025. It provides financial planning and investment management. Its clients include high-net-worth individuals, other clients and individual clients. Its regulatory assets under management total $146 million, as filed on 15 January 2026.

The Sher Wealth Management Group charges up to 1.25% a year for its Account Fee.

Regulatory AUM: $146M
Clients: 56
Advisory staff: 2
Fee schedule: Up to 1.25% a year
Custodians: LPL Financial
Headquarters: 75 Second Ave., Suite 605, Needham, MA 02494
Phone: 617-928-3656
Website: sherwealth.com

No. 10 · RIA

Breakwater Financial

Breakwater Financial is an investment adviser based in Needham, MA, registered with the SEC since 2024. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $128 million, as filed on 13 July 2026.

Breakwater Financial charges 0.50%–1.50% a year for its Investment Advisory Services.

Regulatory AUM: $128M
Clients: 62
Advisory staff: 1
Fee schedule: 0.50% to 1.50% a year
Custodians: Fidelity
Headquarters: 117 Kendrick Street, Suite 300, Needham, MA 02494-2724
Phone: 617-849-8019
Website: breakwaterfinancial.com

Questions about financial advisors in Needham

How many financial advisor firms are headquartered in Needham?

10 SEC-registered financial advisor firms report their principal office in Needham, MA, managing $7.96B in regulatory assets between them. The other 3 advisers headquartered in the city are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Needham?

Beaumont Financial Advisors, with $3.76B in regulatory assets under management on its latest Form ADV. The next largest are Armstrong Advisory Group ($1.67B) and Centerpoint Advisors ($732M).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Needham?

The median firm manages $350M in regulatory assets. That is the midpoint of the 10 firms headquartered in Needham.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Needham charge?

Of the 10 largest firms, 8 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 2.00% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Needham?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the city and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters city.

Source: Niva directory methodology

Needham has 10 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Needham

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