Concord Wealth Partners

Retirement Planning Firm in Worcester, MA

Firm Info
Address: 1 Kelley Sq #208, Worcester, MA 01610, USA
Phone: (508) 719-8510

Firm Size
Assets Under Management: $770.1 million
# of Advisors: 11
# of Clients: 2,628
Client to Advisor Ratio: 239:1
Average Account Size: $293,054
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Selection of Others Advisors

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
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Concord Wealth Partners Overview

Concord Wealth Partners is a fee-only registered investment advisory firm that operates out of its headquarters in Abingdon, VA. Since its establishment in 2014, the firm has been dedicated to providing expert investment advice to its clients. As a fee-only firm, Concord Wealth Partners is focused on offering unbiased financial guidance to its clientele. The firm specializes in investment advice only, catering to a wide range of clients that include individuals, small businesses, and institutional clients. Concord Wealth Partners offers a comprehensive set of financial planning services, ranging from retirement planning to estate planning. In addition, the firm provides portfolio management services for both individuals and businesses, ensuring that its clients' investment objectives are met. Concord Wealth Partners is committed to helping its clients achieve their financial goals. The firm's team of experienced advisors offers personalized guidance tailored to each client's unique circumstances. Furthermore, the firm employs a thorough selection process for other advisors, ensuring that their clients receive the best possible service. With years of experience in the industry, Concord Wealth Partners is a reputable firm known for its sound investment advice and unwavering commitment to its clients.

CONCORD WEALTH PARTNERS serves a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and various other corporation types not explicitly outlined. The firm offers a range of fee structures to accommodate the unique needs and preferences of each client. Depending on the service provided, clients can opt for a percentage of assets under management (AUM), an hourly fee, or a fixed fee. These different payment options allow clients to choose what works best for them and their financial situation. AUM-based fees typically involve a percentage charged on the total assets the firm manages, ensuring the company has sufficient financial incentives aligned with its clients' interests. Similarly, a fixed fee agreement charges a pre-agreed-upon amount for specific services, allowing clients to better budget and maintain control over their finances. Finally, hourly payments are generally suited for clients who require short-term planning or consulting services. In summary, CONCORD WEALTH PARTNERS offers a wide range of fee structures designed to cater to the diverse needs and preferences of its clients.

Typical Clients, Fee Structures & Investment Minimum

According to the note in Concord Wealth Partners' Part 2 Brochure, the firm does not require a minimum dollar amount to open and maintain an advisory account. However, the firm reserves the right to terminate an account if it falls below a minimum size that is deemed too small to manage effectively by their sole opinion. Therefore, there is no investment minimum mentioned in their Part 2 Brochure.

How This Office Can Help Worcester, MA Residents

Concord Wealth Partners offers a wide range of financial services and assistance to clients living in Worcester, MA. They understand that each client has unique financial goals and objectives and provide tailor-made solutions to meet their needs. The company's team of financial advisors have years of experience and a deep understanding of the local economy and financial trends. The financial situations of individuals living in Worcester, MA vary widely. Some may be dealing with significant debt or struggling to save for their future, while others may be business owners seeking tax-efficient investment strategies. Concord Wealth Partners can help clients with retirement planning, tax planning, estate planning, investment management, insurance planning, and more. They can assist with debt consolidation, student loan repayment strategies, budgeting, and debt management. Their team can also offer guidance on managing unexpected expenses or financial emergencies. Whatever the situation, Concord Wealth Partners can help clients in Worcester, MA achieve their financial goals and secure their financial future.

To view the Minimum Investment and Fee Schedule for Concord Wealth Partners, visit their Part 2 Brochure.

Services Offered by Concord Wealth Partners

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 Concord Wealth Partners 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)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

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

Firm location 1 Kelley Sq #208, Worcester, MA 01610, USA
Phone (508) 719-8510
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 955 WEST MAIN STREET, ABINGDON, VA 24210-2427, United States

This firm has no other locations.

State Registrations

Concord Wealth Partners is registered to service clients in the following states:

  • California
  • Colorado
  • Connecticut
  • District of Columbia
  • Florida
  • Maryland
  • Massachusetts
  • Minnesota
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Vermont
  • Virginia
  • Washington
  • West Virginia

Disciplinary History

Concord Wealth Partners does not have any disclosures. Please visit it's Form ADV for more details.