Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Northeast Planning Associates, Inc. Overview
Northeast Planning Associates, Inc. is a fee-only Registered Investment Advisory Firm that has been serving clients since 2017. Headquartered in Bedford, NH, the firm provides investment advice exclusively. The firm's fee arrangement ensures that clients receive objective advice that is not influenced by commissions or other incentives. With its focus on investment advice only, the company provides its clients with a specialized team of professionals who can help them achieve their investment objectives. Northeast Planning Associates offers a range of services, including financial planning, portfolio management for individuals and small businesses, and pension consulting services. The firm helps clients assess their financial goals and create a customized plan for meeting those goals. The portfolio management services offered by the firm ensure that clients receive personalized investment advice and attention. The pension consulting services offered by the firm provide businesses with the guidance needed to manage and administer their retirement plans. Northeast Planning Associates also offers a selection of other advisors that are carefully evaluated and vetted by the firm to ensure that clients receive the highest level of service. In addition, the firm offers a white-labelling service to other advisors who wish to provide their clients with the same high-quality services that Northeast Planning Associates offers. This service is designed for advisors who want to outsource aspects of their business to a third party without sacrificing quality or control.
NORTHEAST PLANNING ASSOCIATES, INC. serves a wide variety of clients, including individuals and high net worth individuals. These clients seek the expertise of the firm to receive sound financial advice and planning tailored to their specific needs. The firm recognizes that every client is unique and therefore strives to provide customized solutions to their financial concerns. When it comes to fee structures, NORTHEAST PLANNING ASSOCIATES, INC. offers clients the flexibility to choose from different options based on the services they require. For clients who desire long-term management of their investments, the firm offers a percentage of assets under management (AUM) fee structure, where fees are calculated as a percentage of the total value of the assets being managed. Hourly fees are also available for clients who require specific services such as tax planning or estate planning. Lastly, fixed fees are offered for clients who prefer a more straightforward billing arrangement for specific services provided by the firm. NORTHEAST PLANNING ASSOCIATES, INC. prides itself on being transparent in its fee structures, ensuring that clients are aware of all related costs and fees upfront.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Northeast Planning Associates, Inc. does not impose a minimum relationship size. Therefore, it seems that there is no investment minimum that clients need to meet when working with this firm.
How This Office Can Help Cambridge, MA Residents
Northeast Planning Associates, Inc is a financial advisory firm that offers expert guidance and support to clients in Cambridge, MA. The firm's seasoned financial consultants provide comprehensive planning services, including investment management, retirement planning, estate planning, tax planning, insurance planning, and more. Living in Cambridge, MA can be challenging, even for those with stable finances. The city's high cost of living and rapidly shifting economic landscape can leave many residents feeling uncertain about their financial future. Northeast Planning Associates, Inc. helps clients navigate these challenges by creating customized financial plans that align with their unique needs and goals. Whether someone is looking to grow their wealth, manage debt, plan for retirement, or protect their assets, the firm's experienced advisors offer personalized solutions that take into account their current and future financial situations. With Northeast Planning Associates, Inc on their side, clients in Cambridge, MA can enjoy greater peace of mind and confidence in their financial future.
Services Offered by Northeast Planning Associates, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Northeast Planning Associates, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Northeast Planning Associates, Inc. is registered to service clients in the following states:
- Arizona
- Delaware
- Florida
- Maine
- Massachusetts
- New Hampshire
- New York
- Texas
- Vermont
Disciplinary History
Northeast Planning Associates, Inc. does not have any disclosures. Please visit it's Form ADV for more details.