First Step Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$0
Clients
0
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Clients per advisor
0
Average account size
—
About
First Step Financial is a registered investment adviser that provides comprehensive financial planning and an ongoing subscription advisory service to individual and high‑net‑worth clients rather than acting as an asset custodian or active trader. Its services include delivery of written financial plans, quarterly subscription meetings, and ad‑hoc hourly engagements, with investment advice that typically focuses on mutual funds and ETFs (largely broad index funds and select precious‑metal ETFs).
The firm’s investment approach emphasizes modern portfolio theory and a long‑term trading horizon, recommending diversified portfolios built principally with index mutual funds and ETFs. It delivers tailored, holistic planning through individualized interviews, plan delivery, periodic reviews when engaged, and proactive outreach to clients when legal, regulatory, or economic developments may affect their financial situations.
Notable differences from many investment managers include offering subscription and hourly fee arrangements while not charging percentage‑of‑assets or performance‑based fees, and reporting no assets under management as of the most recent disclosure; the firm also does not trade, custody, or exercise investment discretion over client accounts. The firm uses a client‑selected, flexible fee model for planning engagements and confirms annual subscription participation, practices that are uncommon among peers in the investment‑manager category.
Client services
Financial planning
Subscription service
Expertise
College savings (529s, UTMA, etc.)
Life insurance needs analysis
Long-term care insurance
Disability insurance
Cash flow / budgeting
Fee options
Fixed fees between $540 and $1,800 for creating financial plans
$54 to $180 per hour for ad-hoc services
Subscription fees between $36 and $180 per month
Fee-only: Fixed fees between $540 and $1,800 for financial plans; hourly fees between $54 and $180 for ad-hoc services; subscription fees between $36 and $180 per month
Main office location
First Step Financial
Boston MA, United States
Number of offices
1
Most active in
First Step Financial has reported serving >5 clients in these states in the last 12 months.
Massachusetts
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 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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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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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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