AdvisorFacts summary93 Financial Group began as an insurance agency in 2004 and registered as an investment adviser in 2008. Based in Woburn, MA, it is a family firm led by brothers Lawrence, Paul, James, and John Welch, and operates as both a registered investment adviser and a licensed insurance agency, with its advisors also earning commissions on insurance products they sell. The firm builds long-term portfolios primarily from mutual funds and ETFs for individuals, families, business owners, trusts, and estates, and includes financial planning at no separate charge. 93 Financial charges a flat 1.00% annual fee on all assets rather than a tiered schedule.
Overview
- Headquarters
- Woburn, MA
- Total Firm Assets
- $900 million
- Average High-Net-Worth Client Portfolio Size
- $1.7 million
Recent Rankings
Fee Disclosure
Source: DISCLOSURE BROCHURE (2026-03-23) · View brochure text
| Min | Max | Disclosed Annual Rate |
|---|---|---|
| $0 | and above | 1.00% |
Estimated Annual Advisory Fees
| Portfolio Value | Estimated Annual Fee | Effective Fee Rate |
|---|---|---|
| $1 million | $10,000 | 1.00% |
| $5 million | $50,000 | 1.00% |
| $10 million | $100,000 | 1.00% |
| $50 million | $500,000 | 1.00% |
| $100 million | $1,000,000 | 1.00% |
Actual fees may vary; other investment costs may apply.
Compare fees: lowest-fee advisors in Massachusetts for $2M portfolios · $10M portfolios
Clients
- High-Net-Worth Share of Firm Assets
- 57.68%
- Number of High-Net-Worth Clients
- 302
- Total Client Accounts
- 2,466
- Discretionary Accounts
- 2,466
Services Offered
Services: Financial Planning, Portfolio Management for Individuals
Regulatory Filings
- SEC CRD Number
- 144235
- DISCLOSURE BROCHURE (2026-03-23) (fee schedule source) · View brochure text
View firm on SEC ↗ · Current Form ADV (PDF) ↗