Factor Investing Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Factor Investing Group provides discretionary wealth management and financial planning to individuals, high‑net‑worth clients, trusts, estates, charitable organizations, businesses, and retirement plans. Like many supported firms, it typically charges asset‑based advisory fees and delivers ongoing portfolio management for individual clients.
The firm’s investment approach is evidence‑based and factor‑oriented, drawing on academic research (including Fama‑French style factors), quantitative and statistical methods, fundamental analysis, and macroeconomic assessment to inform portfolio construction. Portfolios are generally implemented with low‑cost ETFs and mutual funds and may be tilted toward or away from specific factors, with quantitative models used as inputs that advisers may override based on judgment and market conditions.
Distinctive features include the firm’s explicit engagement of academic and research professionals who provide non‑discretionary research and strategic guidance, and its formal acknowledgement of factor premium and model risk in its disclosures. The firm manages roughly $349 million across about 491 client relationships with a four‑person advisory team and maintains an institutional relationship with a major custodian (Fidelity) that supplies research, platform tools, and launch support—an arrangement the firm discloses and says it manages as a potential conflict of interest.
Client services
Expertise
Fee options
$0+: up to 1.30% annually (negotiable, tiered or fixed rate possible) not specifically stated+: fees depend on complexity, asset level, planning services, and overall relationship
Fee-only: Wealth management fees paid quarterly in advance; no commissions or other compensation received.
Main office
See office8 Lyman Street, Suite 204
Westborough MA 01581
Advisors at this office
1
Offices (3)
Most active in
Florida · Maine · Massachusetts · Michigan · New Hampshire · Rhode Island · Texas
Also doing business as
Factor Investing Group · Melfa Wealth Management, Inc.
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
Victor M
Series 63, Series 65
Newport, RI
Factor Investing Group
Victor Melfa Jr. is a financial advisor with Factor Investing Group in Newport, RI, holding Series 63 and Series 65 licenses and bringing 27 years of industry experience. He previously worked at Kestra Advisory and Kestra Investment Services, LLC. Outside of advising, he serves as a trustee for his family trust and is a board member of a closely held family business; he also provides advisory support to a media company specializing in podcast production. Factor Investing Group delivers discretionary wealth management and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, businesses, and retirement plans. The firm employs an evidence-based, factor-oriented investment approach using quantitative methods, fundamental analysis, and macroeconomic assessment, typically implementing portfolios with low-cost ETFs and mutual funds.
Christopher C
Series 63, Series 65, Series 66
Traverse City, MI
Factor Investing Group
Christopher Chang is a financial advisor at Factor Investing Group with three years of industry experience. He holds Series 63, Series 65, and Series 66 designations. Prior to joining Factor Investing Group, Chang worked at Melfa Wealth Management, Inc. and Old Mission Investment Company, LLC, and spent twelve years at Fifth Third Securities. Factor Investing Group provides discretionary wealth management and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, businesses, and retirement plans. The firm employs an evidence-based, factor-oriented investment approach using academic research, quantitative methods, and macroeconomic analysis, with portfolios primarily constructed from low-cost ETFs and mutual funds.
Kendra R
Series 65
Traverse City, MI
Factor Investing Group
Kendra Rasner is a financial advisor with Factor Investing Group in Traverse City, MI, holding a Series 65 designation and five years of industry experience. Her prior roles include positions at Melfa Wealth Management, Old Mission Investment Company, and Fifth Third Bank. Factor Investing Group provides discretionary wealth management and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, businesses, and retirement plans. The firm employs an evidence-based, factor-oriented investment approach utilizing quantitative methods, fundamental analysis, and macroeconomic assessment, with portfolios typically implemented via low-cost ETFs and mutual funds.
Victor M
Series 63, Series 66
Westborough, MA
Factor Investing Group
Victor Melfa III is a financial advisor with Factor Investing Group, holding Series 63 and Series 66 licenses and bringing 17 years of industry experience. He has worked with Melfa Wealth Management LLC dba Factor Investing Group since 2021 and previously held roles at Kestra Advisory and Kentra Investment Services, Inc. Factor Investing Group provides discretionary wealth management and financial planning services to individuals, high-net-worth clients, trusts, estates, charitable organizations, businesses, and retirement plans. The firm utilizes an evidence-based, factor-oriented investment approach incorporating academic research, quantitative methods, fundamental analysis, and macroeconomic assessment, typically implementing portfolios through low-cost ETFs and mutual funds.
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