Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Other Investment Advisors
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
First National Corporation Overview
First National Corporation is a registered investment advisory firm that has been in business since 2006, providing investment advice only. The firm is headquartered in Rockland, MA, and focuses on fee-only fee arrangements. They offer a range of services, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, pension consulting services, and the selection of other advisors. Additionally, the firm also offers educational seminars and workshops to help clients gain knowledge and insight related to investment management. The team at First National Corporation is comprised of experienced professionals who specialize in investment advisory services. The firm's focus on providing fee-only fee arrangements ensures transparency and aligns their interests with their clients' goals, giving clients the confidence that their interests are being served. The firm's services, from financial planning to the selection of other advisors, are designed to help clients achieve their financial goals, whether they are individuals or businesses seeking pension consulting services. The seminars and workshops offered by First National Corporation are designed to provide clients with valuable knowledge and expertise. The firm's educational programs cover various topics related to investment management, including portfolio management and financial planning. The firm's commitment to transparency, professionalism, and personalized service makes them an excellent choice for clients seeking investment advisory services.
FIRST NATIONAL CORPORATION is a leading financial firm that serves a diverse range of clients with various needs and goals. The firm caters to individuals looking to grow and protect their assets, high net worth individuals requiring specialized attention, pension and profit sharing plans seeking reliable investment management services, charitable organizations focused on philanthropic initiatives, other investment advisors seeking to collaborate and share expertise, and other corporations not listed previously. With a broad spectrum of clients and expertise, FIRST NATIONAL CORPORATION ensures that every client receives tailored guidance and personalized solutions that align with their unique financial objectives. To best serve its wide-ranging clientele, FIRST NATIONAL CORPORATION offers a variety of fee structures based on the services provided and the level of investment involved. Clients have the option of opting for a percentage of AUM (assets under management) fee structure, where the firm is compensated based on a percentage of the investments being managed on behalf of the client. Alternatively, clients can opt for an hourly fee where financial professionals provide a service on an hourly basis, charging for time spent. Lastly, a fixed fee is also available, which provides clarity and predictability for clients who prefer to budget their expenses. The fee structures offered by FIRST NATIONAL CORPORATION align with its clients' diverse needs and ensure transparency and fairness in all its financial dealings.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for First National Corporation mentions that the firm does not impose a minimum portfolio size or minimum annual fee. However, certain separate account managers (called Independent Managers), may impose more restrictive account requirements and varying billing practices than the Advisor. In such cases, the Advisor may alter its corresponding account requirements and/or billing practices to accommodate those of the Independent Manager[s] or wrap fee program sponsor. Therefore, the Part 2 Brochure for First National Corporation does not mention an investment minimum.
How This Office Can Help Kingston, MA Residents
First National Corporation offers various financial services to clients in Kingston, MA. The bank provides personalized solutions to individuals and businesses who are looking for options to meet their financial goals. The bank understands the unique financial situations someone living in Kingston, MA might be facing, such as expensive home prices, high cost of living, and the need for savings for future expenses. For individuals, First National Corporation provides personal loans, mortgages, and credit cards with competitive interest rates. Moreover, the bank offers various savings and investment options such as certificates of deposit, money market accounts, and retirement accounts to help clients grow their wealth. For businesses, the bank provides commercial loans, cash management, and online banking services to increase efficiency. The bank's professional team is always available to answer any questions and offer sound financial advice to ensure their clients are well-informed before making any financial decisions.
Services Offered by First National Corporation
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 First National Corporation 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
- Mon 9 AM–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
First National Corporation is registered to service clients in the following states:
- Arizona
- California
- Connecticut
- Florida
- Georgia
- Hawaii
- Maine
- Massachusetts
- New Hampshire
- New York
- North Carolina
- Oregon
- Pennsylvania
- Rhode Island
- Texas
- Virginia
Disciplinary History
First National Corporation does not have any disclosures. Please visit it's Form ADV for more details.