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 and estate planning, retirement plan consulting, and trustee services to individuals (including high net worth clients), families, trusts, retirement plans, and charitable organizations. The firm delivers tailored portfolio management and ongoing consulting rather than participating in wrap-fee programs.
Abbot constructs customized portfolios using individual stocks, bonds, exchange-traded funds, options, and other public and private securities, with account reviews at least annually and rebalancing as needed. To implement strategies, the firm operates under discretionary authority and may employ borrowing (margin) in some separately managed accounts, a practice that is relatively uncommon among similar supported firms.
The firm is a long-established SEC-registered adviser managing roughly $303 million with a compact team of advisors and serves both individual and institutional retirement-plan clients. Staff credentials include CFA charterholders, and the firm maintains formal policies on fiduciary duties, a code of ethics, personal trading oversight, and custodial reporting.
Client services
Expertise
Fee options
Fixed fees for retirement plan consulting services, negotiated case-by-case; trustee services fees 0.25% - 0.50% annually
$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 · 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 has been with the firm since 2000 and holds Series 63 and Series 65 designations. Abbot Financial Management provides discretionary investment management, financial and estate planning, retirement plan consulting, and trustee services to individuals, families, trusts, retirement plans, and charitable organizations. The firm constructs customized portfolios using various securities and operates under discretionary authority, serving both individual and institutional retirement-plan clients.
Dennis W
CFA®, Series 63
Andover, MA
Abbot Financial Management, Inc.
Dennis Wassung is a CFA® charterholder with 23 years of industry experience. He has been with Abbot Financial Management, Inc. since 2019 and previously worked at Huntwicke Securities, LLC, Huntwicke Advisors, LLC, and Cabot Money Management, Inc. Abbot Financial Management provides discretionary investment management, financial and estate planning, retirement plan consulting, and trustee services to individuals, families, trusts, retirement plans, and charitable organizations. The firm constructs customized portfolios using a range of securities and operates under discretionary authority, managing approximately $303 million with a team of three advisors.
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 and estate planning, retirement plan consulting, and trustee services to individuals, families, trusts, retirement plans, and charitable organizations. The firm constructs customized portfolios using a variety of securities and operates under discretionary authority, serving both individual and institutional clients with a focus on tailored portfolio management and ongoing consulting.
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