Abbot Financial Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Abbot Financial Management provides discretionary investment management, financial planning, and retirement-plan consulting for individuals (including high-net-worth clients), families, trusts, estates, retirement plans, and charitable organizations. The firm manages approximately $359 million in client assets and constructs portfolios from stocks, bonds, ETFs, options, mutual funds and other public and private securities.
Advisors tailor portfolios to each client’s goals, risk tolerance and time horizon, using both fundamental and technical analysis and generally intending to hold positions for the long term while rebalancing at least annually; trading frequency may increase when circumstances warrant and tax implications are considered. Financial and estate planning is offered to asset management clients at no additional fee, and retirement-plan services include fiduciary consulting, vendor management, RFP assistance and participant education under ERISA and the Pension Protection Act.
Notably, the firm permits the use of borrowing in separately managed accounts, a practice that is relatively uncommon among peers and that can introduce leverage into client portfolios. The firm operates with a small advisory team that includes CFA-designated professionals, has no stated account minimum, does not sponsor wrap-fee programs, and arranges custody and fee-debiting through qualified custodians.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.25% $1,000,001 - $3,000,000: 1.00% $3,000,001 - $5,000,000: 0.75% $5,000,001+: 0.50%
Main office
See office63 Park Street, Suite 202
Andover MA 01810
Advisors at this office
2
Offices (2)
Most active in
California · Florida · Maryland · Massachusetts · New Hampshire · New Jersey · New York · North Carolina · South Carolina · Texas · Virginia
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Robert M
Series 63, Series 65
Pawley's Island, SC
Abbot Financial Management, Inc.
Robert Mclemore is a financial advisor at Abbot Financial Management, Inc. with 42 years of industry experience. He holds Series 63 and Series 65 credentials and has been with Abbot Financial Management since 2000. Abbot Financial Management provides discretionary investment management, financial planning, and retirement-plan consulting for individuals, families, trusts, estates, retirement plans, and charitable organizations. The firm manages approximately $359 million in client assets and employs a tailored approach using both fundamental and technical analysis to construct long-term portfolios.
Dennis W
CFA®, Series 63
Andover, MA
Abbot Financial Management, Inc.
Dennis Wassung Jr. is a financial advisor at Abbot Financial Management, Inc. with 24 years of industry experience. He holds the CFA® designation and Series 63 license. His prior experience includes roles at Huntwicke Securities, LLC, Huntwicke Advisors, LLC, and Cabot Wealth Management. Abbot Financial Management provides discretionary investment management, financial planning, and retirement-plan consulting for individuals, families, trusts, estates, retirement plans, and charitable organizations. The firm manages approximately $359 million in client assets and constructs customized portfolios using a variety of securities, employing both fundamental and technical analysis with a generally long-term investment approach.
Andrew N
CFA®
Andover, MA
Abbot Financial Management, Inc.
Andrew Novelline is a CFA® charterholder with 23 years of industry experience. He has been with Abbot Financial Management, Inc. since 2005. Abbot Financial Management provides discretionary investment management, financial planning, and retirement-plan consulting for individuals, families, trusts, estates, retirement plans, and charitable organizations. The firm manages approximately $359 million in client assets and uses both fundamental and technical analysis to tailor portfolios based on client goals, risk tolerance, and time horizon.
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