Connolly Financial Advisors, Inc.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$93,285,207
Clients
125
37% high-net worth
Advisors
1
of 5 employees
Firm type
Supported
1-3 advisors or $200M+ in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
125
Very HighAverage account size
$746,282
About
Connolly Financial Advisors provides wealth management, investment advisory and comprehensive financial planning primarily for individual clients, and also serves trusts, estates, charitable organizations, business entities and retirement plans. Services include ongoing investment oversight, financial planning and business retirement plan consulting, with implementation and custody arranged through a dedicated third‑party platform.
The firm manages client portfolios on a non‑discretionary basis only, requiring client approval before trades or strategy changes, and monitors accounts continuously with formal reviews at least annually. Investment implementation is executed through the SEI Private Trust Company platform in a manager‑of‑managers structure, using mutual funds, ETFs and separately managed accounts selected and monitored via the SEI program.
Noteworthy for its size and structure, the firm manages roughly $93 million across about 125 client relationships while operating with a relatively small advisory team, and it reports that essentially all assets are handled non‑discretionarily — an arrangement that is uncommon among peers. The advisory business is affiliated with a separate CPA/tax and bookkeeping practice owned by the same principal; those accounting and tax services are offered under distinct engagements and billing and can affect how clients coordinate implementation and reporting.
Client services
Financial planning
Portfolio management
Pension consulting
Expertise
Wealth management
General retirement planning
Income planning
General tax planning
Fee options
1% to 1.5% annually depending on asset types and services provided; fees may be negotiated in limited circumstances
Pension consulting services at $250/hour plus out of pocket expenses.
Account minimum: $250,000; however, this may be negotiable. No minimum for other client types such as trusts, charitable organizations, foundations, pension and profit-sharing plans, and business entities. No minimum for Financial Planning Services clients. Minimum fee: Minimum fee may be required for wealth management, investment advisory or financial planning services and if so, it will be stipulated in the agreement. Fee-only: Financial planning services only without investment advisory services at rates ranging from $1,100 to $10,000.
Main office location
Connolly Financial Advisors, Inc.
231 Sutton Street, Suite 2 D 1
North Andover MA 01845, United States
Number of offices
2
Most active in
Connolly Financial Advisors, Inc. has reported serving >5 clients in these states in the last 12 months.
Massachusetts · Pennsylvania
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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