Corcoran Wealth Management LLC

Corcoran Wealth Management LLC is a state-registered independent advisory firm that provides discretionary asset management and financial planning to individual and high-net-worth clients, managing accounts based on documented goals, time horizons, and risk tolerances. The firm operates as a solo-practitioner practice with a small client base and centralized decision-making.

Investment strategies are implemented on a discretionary basis and draw on fundamental, technical, charting, and cyclical analysis; the firm also recommends, on a case-by-case basis, third-party managers and monitors their performance while delivering the managers’ disclosures to clients. When third-party managers are used, the firm acts as a liaison and the client is billed under the TPM’s fee schedule, while the advisor receives an ongoing portion of the TPM’s advisory fees.

Distinctive features disclosed in the brochure include the owner’s concurrent business as an independent insurance agent — approximately half of her time — and that advisor representatives receive commissions on insurance sales, a potential conflict of interest that the firm discloses and monitors. The firm also has a formal referral agreement with Gradient Investments, LLC and discloses receipt of referral fees and certain non-monetary incentives from external providers, and it explicitly states that it does not sponsor wrap-fee programs.