Advisor at Beantown Financial Advisors LLC
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Firm
Beantown Financial Advisors LLC
Location
Jefferson, MA
Credentials
CFA®
Industry experience
21 years
Joseph Somerset is a CFA® charterholder with 20 years of experience in the financial industry. He founded and has operated Beantown Financial Advisors LLC since 2003 and previously worked at Bentley University from 2011 to 2017. Beantown Financial Advisors provides personalized financial planning and investment advisory services to individuals, families, trusts, estates, charitable organizations, pension and profit-sharing plans, and small businesses. The firm focuses on strategic asset allocation and global diversification using primarily no-load and low-load mutual funds and ETFs, offering discretionary investment management and limited-scope hourly planning engagements under written agreements.
Based on Beantown Financial Advisors LLC
Up to $300 per hour for hourly planning engagements
Minimum fee: Minimum annual fees: Wealth Management Relationship $2,500; Investment Advisory Relationship $3,000 Fee-only: Fixed annual fees ranging from $2,500 to $15,000 per year for Wealth Management; hourly rate up to $300/hour for limited scope planning
Jefferson, MA
Massachusetts
Bentley University
2011 - 2017 (6 years)
Beantown Financial Advisors
2003 - Present (23 years)
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Is active or affiliated with:
Accountant / CPA / tax prep
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Is not active or affiliated with:
Insurance agent
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Broker-dealer / trader
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Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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