Andover Advisory Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Andover Advisory Group provides comprehensive financial planning, tax preparation, and investor education to individual and high‑net‑worth clients. The firm delivers written financial plans and supplemental materials rather than acting as a custodian or trading manager for client accounts.
The firm’s advice framework emphasizes asset allocation consistent with Modern Portfolio Theory and a risk‑assessment process, but it does not recommend specific securities or execute trades on client accounts. Clients receive a one‑time written plan upon completion and must engage separately if they want ongoing implementation or review services.
The brochure discloses that the firm’s registered representative relationship with a broker‑dealer (Cambridge Investment Research) and its insurance licensing create potential conflicts because supervised persons may receive commissions on securities and insurance sales; the firm states clients may purchase recommended products elsewhere. Andover also distributes client newsletters and operates a weekly live‑streamed radio/podcast for outreach, and it explicitly does not maintain discretionary client accounts or charge percentage‑of‑assets advisory fees.
Client services
Expertise
Fee options
Fixed fee of $2,000 for financial planning services
Commissions accepted from sale of investment products and insurance by registered representative (not primary advisory compensation)
Hourly fee of $150 for financial planning and tax preparation services
Fee-only: Fixed fee of $2,000 for financial planning (negotiated; $750 due at signing, remainder invoiced in installments); hourly fee of $150 per hour for financial planning and tax preparation services
Main office
800 Turnpike Street, Suite 300
North Andover MA 01845
Advisors at this office
1
Most active in
Massachusetts · New Hampshire
Also doing business as
Andover Advisory Group · Shank, Jeffrey A
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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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.
Forms ADV
Quick links
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