Newman Dignan & Sheerar, Inc.

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Client assets under management

$682,178,735

Clients

518

48% high-net worth

Advisors

of 9 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

104

High

Average account size

$1,316,947

About

Newman Dignan & Sheerar provides discretionary investment management, financial planning, retirement plan consulting (including ERISA Section 3(21) services) and standalone consulting to individuals (including high-net-worth clients), pension and profit-sharing plans, trusts, estates, business entities and charitable organizations. The firm also advises on private investment funds and includes legacy or client-directed holdings as part of its managed portfolios.

Portfolios are tailored to each client’s objectives and typically allocate among individual equities, fixed income, mutual funds and ETFs (including inverse and leveraged ETFs), and may include structured notes and ETNs. The firm implements a range of strategies — including options (such as covered calls), margin strategies, interval funds and other less-liquid instruments — generally on a discretionary basis, but it states that borrowing (margin) and certain derivative strategies are employed only in limited circumstances with client authorization.

Several practices are noteworthy relative to peers: the firm discloses the use of compensated promoters for client introductions (an endorsement-type arrangement), and it explicitly permits the use of derivatives and borrowing within managed accounts when client-directed. The brochure also highlights use of DFA funds that require adviser approval, an AI policy for analytical tools, and the inclusion of private fund investments and structured products in its advisory program.

Client services

Financial planning Portfolio management Pension consulting Financial consulting services

Expertise

Options & derivatives strategies Private / alternative investments ESG / Sustainable investing

Fee options

Fixed

Stand-alone consulting services charged on a fixed fee basis

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.75% $2,000,001 - $5,000,000: 0.50% $5,000,001 - $10,000,000: 0.35% $10,000,001+: Negotiable

Project-based

Stand-alone consulting services charged on an hourly basis

Other

Account minimum: $500,000 Fee-only: Fee-only basis; no commissions or other compensation accepted

Main office location

Newman Dignan & Sheerar, Inc.

260 West Exchange Street, Suite 302

Providence RI 02903, United States

Number of offices

Most active in

California · Connecticut · Florida · Louisiana · Maine · Massachusetts · New Hampshire · New York · Rhode Island · Texas · Virginia

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

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.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

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.

Forms ADV

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

Quick links

LinkedIn Website 401-351-4010

Advisors at this firm

Richard C

CFP®, CFA®, ChFC®, Series 63, Series 65

Providence, RI

Newman Dignan & Sheerar, Inc.

Richard Cavanagh is a CFP®, CFA®, and ChFC® with 14 years of experience in financial advisory. He has worked at Newman Dignan & Sheerar, Inc. since 2022 and previously at International Services Incorporated and WhaleRock Point Partners, LLC. Newman Dignan & Sheerar, Inc. provides discretionary investment management, financial planning, and retirement-plan consulting to individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm’s portfolios are tailored to client objectives and utilize a wide range of investment tools, including individual equities, fixed income, mutual funds, ETFs, options strategies, and structured products.

Options & derivatives strategies Private / alternative investments ESG / Sustainable investing

Edward B

Series 65

Providence, RI

Newman Dignan & Sheerar, Inc.

Edward Buxton is a Series 65-licensed financial advisor with 25 years of industry experience. He has been with Newman Dignan & Sheerar, Inc. since 2003. Newman Dignan & Sheerar provides discretionary investment management, financial planning, and retirement-plan consulting to individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm’s portfolios are tailored to client objectives and utilize a range of investment tools including equities, fixed income, mutual funds, ETFs, options strategies, and structured products.

Options & derivatives strategies Private / alternative investments ESG / Sustainable investing

William N

CFP®, Series 65

Providence, RI

Newman Dignan & Sheerar, Inc.

William Newman is a CFP® with 28 years of industry experience and has been with Newman Dignan & Sheerar, Inc. since 2002. He is based in Providence, RI, and holds a Series 65 license. Newman Dignan & Sheerar provides discretionary investment management, financial planning, and retirement-plan consulting to individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm employs tailored portfolios and a range of implementation tools, including options strategies and structured products, with an emphasis on client consent and transparency regarding potential conflicts.

Options & derivatives strategies Private / alternative investments ESG / Sustainable investing

Robert M

Series 63, Series 65

Providence, RI

Newman Dignan & Sheerar, Inc.

Robert Moffett is a financial advisor with Newman Dignan & Sheerar, Inc. in Providence, RI, holding Series 63 and Series 65 licenses and having 11 years of industry experience. His prior work includes 15 years at Capital Group and a role at Olive Ridley Private Client Services LLC. He is also registered as an independent insurance agent, though this activity is not investment-related. Newman Dignan & Sheerar provides discretionary investment management, financial planning, and retirement-plan consulting to individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm offers tailored portfolios using equities, fixed income, mutual funds, ETFs, and various implementation tools, including options strategies and structured products, with an emphasis on client consent for certain investment approaches.

Options & derivatives strategies Private / alternative investments ESG / Sustainable investing

Erik M

CFP®, Series 66

Providence, RI

Newman Dignan & Sheerar, Inc.

Erik Manchester is a CFP® and holds a Series 66 license with 14 years of industry experience. He has been with Newman Dignan & Sheerar, Inc. since 2014. Newman Dignan & Sheerar provides discretionary investment management, financial planning, and retirement-plan consulting to individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm offers tailored portfolios using a variety of investment tools and maintains specific disclosures and client consent practices related to derivatives, borrowing, and cryptocurrency investments.

Options & derivatives strategies Private / alternative investments ESG / Sustainable investing

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