Top 5 financial advisor firms in Westborough

5 SEC-registered financial advisor firms are headquartered in Westborough, MA, with $8.13B in combined regulatory assets under management. The largest by assets are Grimes & Company Wealth Management ($6.3B), AAF Wealth Management ($728M) and Cadence Wealth Management ($448M).

5
Financial advisor firms: $8.13B
Their combined AUM: $448M
Median firm AUM: 5,927
Clients of the top 5

The 5 largest by assets

1
Grimes & Company Wealth Management
RIA
$6.3B
0.50% to 1.25% a year
2
AAF Wealth Management
RIA
$728M
0.15% to 1.50% a year
3
Cadence Wealth Management
RIA
$448M
1.00% to 2.50% a year
4
Melfa Wealth Management
RIA
$349M
Up to 1.30% a year
5
Finivi
RIA
$308M
Regulatory AUM

Profiles of the top 5

No. 1 · RIA

Grimes & Company Wealth Management

Grimes & Company Wealth Management is an investment adviser based in Westborough, MA, registered with the SEC since 2000. 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 $6.3 billion, as filed on 30 September 2026.

Grimes & Company Wealth Management charges 0.50%–1.25% a year for its Investment advisory services.

Regulatory AUM: $6.3B
Clients: 3,764
Advisory staff: 36
Fee schedule: 0.50% to 1.25% a year
Custodians: Charles Schwab, Fidelity
Headquarters: One Technology Drive, Suite 100, Westborough, MA 01581
Phone: 508-366-3883
Website: grimesco.com

No. 2 · RIA

AAF Wealth Management

AAF Wealth Management is an investment adviser based in Westborough, MA, registered with the SEC since 2012. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $728 million, as filed on 5 March 2026.

AAF Wealth Management charges 0.15%–1.50% a year for its Asset Management.

Regulatory AUM: $728M
Clients: 293
Advisory staff: 6
Fee schedule: 0.15% to 1.50% a year
Custodians: Fidelity
Headquarters: 50 Washington Street, Westborough, MA 01581
Phone: 508-366-9100
Website: aafwealthmanagement.com

No. 3 · RIA

Cadence Wealth Management

Cadence Wealth Management is an investment adviser based in Westborough, MA, registered with the SEC since 2014. It provides financial planning and investment management. Its clients include individual clients and high-net-worth individuals. Its regulatory assets under management total $448 million, as filed on 17 March 2026.

Cadence Wealth Management charges 1.00%–2.50% a year for its Investment Management Services.

Regulatory AUM: $448M
Clients: 696
Advisory staff: 6
Fee schedule: 1.00% to 2.50% a year
Custodians: Charles Schwab
Headquarters: 1800 West Park Drive, Suite 330, Westborough, MA 01581
Phone: 508-898-0400
Website: cadencewm.com

No. 4 · RIA

Melfa Wealth Management

Melfa Wealth Management is an investment adviser based in Westborough, MA, registered with the SEC since 2021. 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 $349 million, as filed on 24 July 2026.

Melfa Wealth Management charges up to 1.30% a year for its Wealth management fees.

Regulatory AUM: $349M
Clients: 491
Advisory staff: 4
Founded: 2009
Fee schedule: Up to 1.30% a year
Custodians: Fidelity
Headquarters: 8 Lyman Street, Suite 204, Westborough, MA 01581
Phone: 508-366-6040
Website: factorinvestinggroup.com

No. 5 · RIA

Finivi

Finivi is an investment adviser based in Westborough, MA, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include individual clients and high-net-worth individuals. Its regulatory assets under management total $308 million, as filed on 8 July 2026.

Regulatory AUM: $308M
Clients: 683
Advisory staff: 9
Custodians: Charles Schwab
Headquarters: 1400 Computer Drive, Westborough, MA 01581
Phone: 508-870-0440
Website: finivi.com

Questions about financial advisors in Westborough

How many financial advisor firms are headquartered in Westborough?

5 SEC-registered financial advisor firms report their principal office in Westborough, MA, managing $8.13B in regulatory assets between them.

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

What is the largest financial advisor firm in Westborough?

Grimes & Company Wealth Management, with $6.3B in regulatory assets under management on its latest Form ADV. The next largest are AAF Wealth Management ($728M) and Cadence Wealth Management ($448M).

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

How large is a typical financial advisor firm in Westborough?

The median firm manages $448M in regulatory assets. That is the midpoint of the 5 firms headquartered in Westborough.

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

How much do financial advisors in Westborough charge?

Of the 5 largest firms, 4 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.25% to 2.50% 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 Westborough?

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

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