Carr Financial Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$824,841,218
Clients
619
Advisors
6
across 2 offices
About
Carr Financial Group provides investment advisory and financial planning services to individuals, high‑net‑worth clients, trusts, estates, charitable organizations, corporations and retirement plans. The firm offers wealth management, retirement plan consulting, and a separately negotiated family office practice (Lucey Advisory Group), and reports approximately $744 million in discretionary assets under management across a small team of advisors.
The firm’s portfolio approach emphasizes strategic asset allocation implemented primarily through diversified mutual funds and ETFs, with selective use of individual securities, REITs, options, and independent managers when appropriate. Accounts are generally managed on a discretionary basis, monitored on an ongoing basis, and the firm typically recommends Charles Schwab for custody while disclosing receipt of related custodial and practice‑support benefits.
Distinctive disclosures include a detailed family office service offering—covering bill paying, payroll coordination, vendor and contract review, and liaison services with CPAs and attorneys—treated under a separate fee arrangement. The brochure also notes that some investment adviser representatives are licensed insurance agents who may receive separate insurance compensation (including fixed and equity‑indexed annuities) and describes related conflicts such as those arising from rollover recommendations and certain custody arrangements.
Client services
Expertise
Fee options
Financial planning and consulting fees from $1,000 to $10,000; Family office fees up to $12,000 monthly; retirement plan consulting fees up to $10,000 fixed per annum
0+: Up to 2.00% 0+: Up to 1.00% (retirement plan consulting fees)
Minimum fee: Financial planning fees range from $1,000 to $10,000; Family office fees up to $12,000 per month
Main office
See office20 Park Avenue, Ste #201
Worcester MA 01605
Advisors at this office
5
Offices (2)
Most active in
California · Connecticut · Florida · Maine · Massachusetts · New Hampshire · North Carolina · Rhode Island · Texas
Also doing business as
Carr Financial Group · Carr Financial Group Corporation · Lucey Advisory Group Dba
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.
Is not active or affiliated with:
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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
Leah M
Series 65
Worcester, MA
Carr Financial Group
Leah Michalowski is a financial advisor at Carr Financial Group in Worcester, MA, holding a Series 65 credential with one year of industry experience. Her prior work includes roles at Leominster Credit Union, Stonehill College, and other local organizations. Outside of advising, she coaches volleyball for CMASS Junior Volleyball. Carr Financial Group provides investment advisory and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations, and retirement plans. The firm emphasizes strategic asset allocation using diversified mutual funds and ETFs, managing approximately $744 million in discretionary assets across a small team of advisors.
Richard C
CFP®, ChFC®, Series 63
Bradenton, FL
Carr Financial Group
Richard Carr is a CFP® and ChFC® with 35 years of industry experience. He is currently with Carr Financial Group, where he has worked since 2022, following prior roles at Lucey Advisory Group and Private Advisor Group, LLC. In addition to his advisory work, Carr serves as an adjunct instructor teaching basic financial concepts and holds board positions with several nonprofit and social organizations. Carr Financial Group provides investment advisory and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations, and retirement plans. The firm employs a strategic asset allocation approach using diversified mutual funds and ETFs, with selective use of individual securities and alternative investments, and offers specialized family office services under separate arrangements.
Andrea L
CFP®, ChFC®, Series 63
Worcester, MA
Carr Financial Group
Andrea Lucey is a CFP® and ChFC® professional with 21 years of industry experience. She has worked at Carr Financial Group since 2022 and previously operated the Lucey Advisory Group and worked with LPL Financial. Carr Financial Group provides investment advisory and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations, and retirement plans. The firm employs a portfolio approach focused on strategic asset allocation using diversified mutual funds and ETFs, with discretionary management and a family office practice under a separate fee arrangement.
Spencer L
CFP®, Series 63, Series 65
Worcester, MA
Carr Financial Group
Spencer Lyons is a CFP® with six years of industry experience, currently serving at Carr Financial Group in Worcester, MA. His career includes roles at LPL Financial, Mass Mutual Investors Services, Edelman Financial Engines, and Commonwealth Financial Network. Carr Financial Group provides investment advisory and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations, and retirement plans. The firm emphasizes strategic asset allocation through diversified mutual funds and ETFs, managing approximately $744 million in discretionary assets across a team of seven advisors.
Christopher C
Series 63, Series 66
Worcester, MA
Carr Financial Group
Christopher Carelli is a financial advisor at Carr Financial Group with 22 years of industry experience. He holds the Series 63 and Series 66 designations and previously worked at Private Advisor Group, LLC and LPL Financial. He also acts as an independent insurance agent, periodically selling life insurance and fixed annuity products. Carr Financial Group provides investment advisory and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations, and retirement plans. The firm emphasizes strategic asset allocation using diversified mutual funds and ETFs, with discretionary account management and a family office practice under a separate fee arrangement.
Benjamin C
CFP®, Series 66
Worcester, MA
Carr Financial Group
Benjamin Cauley is a CFP® with 10 years of industry experience. He has been with Carr Financial Group since 2022 and previously worked at Private Advisor Group, LLC and LPL Financial, LLC. Outside of his advisory role, he is an independent agent selling life insurance and fixed annuity products through ASH Brokerage. Carr Financial Group serves individuals, high-net-worth clients, trusts, estates, charitable organizations, corporations, and retirement plans, offering wealth management, retirement plan consulting, and a family office practice. The firm focuses on strategic asset allocation using diversified mutual funds and ETFs, with selective use of other securities, and manages approximately $744 million in discretionary assets.
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