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Abbot Financial Management, Inc.

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Client assets under management

$294,222,319

Clients

202

43% high-net worth

Advisors

3

of 4 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

More info

Clients per advisor

67

High

Average account size

$1,456,546

About

Abbot Financial Management provides discretionary investment management, financial and estate planning, retirement plan consulting, and trustee services to individuals (including high net worth clients), families, trusts, retirement plans, and charitable organizations. The firm delivers tailored portfolio management and ongoing consulting rather than participating in wrap-fee programs.

Abbot constructs customized portfolios using individual stocks, bonds, exchange-traded funds, options, and other public and private securities, with account reviews at least annually and rebalancing as needed. To implement strategies, the firm operates under discretionary authority and may employ borrowing (margin) in some separately managed accounts, a practice that is relatively uncommon among similar supported firms.

The firm is a long-established SEC-registered adviser managing roughly $303 million with a compact team of advisors and serves both individual and institutional retirement-plan clients. Staff credentials include CFA charterholders, and the firm maintains formal policies on fiduciary duties, a code of ethics, personal trading oversight, and custodial reporting.

Client services

Financial planning Portfolio management Pension consulting

Expertise

Active portfolio management

Fee options

Fixed

Fixed fees for retirement plan consulting services, negotiated case-by-case; trustee services fees 0.25% - 0.50% annually

Percentage

$0 - $1,000,000: 1.25% $1,000,001 - $3,000,000: 1.00% $3,000,001 - $5,000,000: 0.75% $5,000,001+: 0.50%

Main office location

Abbot Financial Management, Inc.

63 Park Street, Suite 202

Andover MA 01810, United States

Number of offices

2

Most active in

More info

California · Florida · Maryland · Massachusetts · New Hampshire · New Jersey · New York · North Carolina · South Carolina · Virginia

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website (978) 688-9010

Advisors at this firm

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user avatar

Robert M

Series 63, Series 65

Pawley's Island, SC

Abbot Financial Management, Inc.

Robert Mclemore is a financial advisor at Abbot Financial Management, Inc. with 42 years of industry experience. He has held Series 63 and Series 65 licenses and has been with Abbot Financial Management since 2000. Prior to that, he worked at Winslow Evans & Crocker from 2000 to 2016. Abbot Financial Management provides discretionary investment management, financial and estate planning, retirement plan consulting, and trustee services to individuals, families, trusts, retirement plans, and charitable organizations. The firm emphasizes tailored portfolio management and operates under discretionary authority, managing approximately $303 million with a small team of advisors.

Active portfolio management
user avatar

Dennis W

CFA®, Series 63

Andover, MA

Abbot Financial Management, Inc.

Dennis Wassung is a CFA® charterholder with 23 years of industry experience. He has been with Abbot Financial Management, Inc. since 2019 and previously worked at Huntwicke Securities, LLC, Huntwicke Advisors, LLC, and Cabot Money Management, Inc. Abbot Financial Management provides discretionary investment management, financial and estate planning, retirement plan consulting, and trustee services to individuals, families, trusts, retirement plans, and charitable organizations. The firm constructs customized portfolios using a range of securities and operates under discretionary authority, managing approximately $303 million with a team of three advisors.

Active portfolio management
user avatar

Andrew N

CFA®

Andover, MA

Abbot Financial Management, Inc.

Andrew Novelline is a CFA charterholder with 23 years of industry experience. He has been with Abbot Financial Management, Inc. since 2005. Abbot Financial Management provides discretionary investment management, financial and estate planning, retirement plan consulting, and trustee services to individuals, families, trusts, retirement plans, and charitable organizations. The firm constructs customized portfolios using a variety of securities and operates under discretionary authority, serving both individual and institutional clients with a focus on tailored portfolio management and ongoing consulting.

Active portfolio management
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