Top 4 financial advisor firms in Worcester

4 SEC-registered financial advisor firms are headquartered in Worcester, MA, with $2.59B in combined regulatory assets under management. The largest by assets are Carr Financial Group ($836M), New Harbor Financial Group ($821M) and Carl P. Sherr & Co. ($505M).

4
Financial advisor firms: $2.59B
Their combined AUM: $663M
Median firm AUM: 2,082
Clients of the top 4

The 4 largest by assets

1
Carr Financial Group
RIA
$836M
Up to 2.00% a year
2
New Harbor Financial Group
RIA
$821M
0.85% to 2.00% a year
3
Carl P. Sherr & Co.
RIA
$505M
0.50% to 1.50% a year
4
Cutler Capital Management
RIA
$431M
1.00% to 1.00% a year

Profiles of the top 4

No. 1 · RIA

Carr Financial Group

Carr Financial Group is an investment adviser based in Worcester, 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 $836 million, as filed on 30 September 2026.

Carr Financial Group charges up to 2.00% a year for its Wealth Management.

Regulatory AUM: $836M
Clients: 625
Advisory staff: 7
Founded: 2022
Fee schedule: Up to 2.00% a year
Custodians: Charles Schwab
Headquarters: 20 Park Avenue, Ste #201, Worcester, MA 01605
Phone: 508-795-0264
Website: carrfinancial.com

No. 2 · RIA

New Harbor Financial Group

New Harbor Financial Group is an investment adviser based in Worcester, MA, registered with the SEC since 2010. 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 $821 million, as filed on 27 July 2026.

New Harbor Financial Group charges 0.85%–2.00% a year for its Portfolio management services.

Regulatory AUM: $821M
Clients: 1,019
Advisory staff: 6
Founded: 2005
Fee schedule: 0.85% to 2.00% a year
Custodians: Charles Schwab
Headquarters: 146 Main Street, Suite 302, Worcester, MA 01608
Phone: 978-537-7701
Website: newharborfinancial.com

No. 3 · RIA

Carl P. Sherr & Co.

Carl P. Sherr & Co. is an investment adviser based in Worcester, MA, registered with the SEC since 2006. 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 $505 million, as filed on 11 March 2026.

Carl P. Sherr & Co. charges 0.50%–1.50% a year for its Investment Supervisory Services.

Regulatory AUM: $505M
Clients: 292
Advisory staff: 3
Founded: 1964
Fee schedule: 0.50% to 1.50% a year
Custodians: Fidelity
Headquarters: 446 Main Street, Worcester, MA 01608
Phone: 508-791-7126
Website: carlpsherr.com

No. 4 · RIA

Cutler Capital Management

Cutler Capital Management is an investment adviser based in Worcester, MA, registered with the SEC since 2000. It provides financial planning and investment management. Its clients include high-net-worth individuals, pooled investment vehicles, and corporations and other businesses. Its regulatory assets under management total $431 million, as filed on 25 March 2026.

Cutler Capital Management charges 1.00% a year for its Separately managed accounts.

Regulatory AUM: $431M
Clients: 146
Advisory staff: 6
Fee schedule: 1.00% to 1.00% a year
Minimum account: $1,000,000
Custodians: RBC Capital Markets, Fidelity
Headquarters: 306 Main St, 2nd Floor, Worcester, MA 01608-1518
Phone: 508-757-4455
Website: cutlercapital.com

Questions about financial advisors in Worcester

How many financial advisor firms are headquartered in Worcester?

4 SEC-registered financial advisor firms report their principal office in Worcester, MA, managing $2.59B 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 Worcester?

Carr Financial Group, with $836M in regulatory assets under management on its latest Form ADV. The next largest are New Harbor Financial Group ($821M) and Carl P. Sherr & Co. ($505M).

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

How large is a typical financial advisor firm in Worcester?

The median firm manages $663M in regulatory assets. That is the midpoint of the 4 firms headquartered in Worcester.

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

How much do financial advisors in Worcester charge?

Of the 4 largest firms, 4 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% 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 Worcester?

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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