Flying Point Financial, Inc. logo

Flying Point Financial, Inc.

Updated today

Client assets under management

$202,943,000

Clients

191

41% high-net-worth

Advisors

3

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

64

High

Average account size

$1,062,529

About

Flying Point Financial serves individuals and high-net-worth clients, along with trusts, estates, pension and profit-sharing plans, providing ongoing wealth management and separate financial planning engagements. The firm manages approximately $206.7 million for about 191 clients and delivers discretionary investment management alongside financial planning covering cash management, retirement, tax, insurance, estate, and charitable-giving considerations.

Investment advice is grounded in fundamental analysis and tailored to each client’s objectives, risk tolerance, and time horizon; portfolios may include individual equities, bonds, mutual funds, and ETFs and can incorporate third-party advisers when appropriate. The firm generally manages accounts on a discretionary basis, develops an investment policy for each client, and conducts regular reviews and reporting, typically on a quarterly cadence.

Noteworthy aspects include a small, three-advisor team overseeing just over $200 million in client assets and operating multiple offices, producing a relatively high assets-per-advisor ratio and a large discretionary asset base. The brochure discloses an owner with an outside real estate property management business and that the firm receives technology and operational support from its primary custodian—arrangements the firm notes could influence custodial selection and are potential conflicts it seeks to manage.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

General retirement planning General tax planning Wealth management Cash flow / budgeting

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Fee options

Percentage

$0 - $500,000: Minimum annual fee of $1,500 or 2% of assets under management, whichever is less (if accepted below minimum) $500,000+: 0.50% to 1.50% annually depending on total assets, portfolio composition, and complexity

Project-based

Financial planning fees charged at $250 per hour

Other

Account minimum: $500,000 Minimum fee: Minimum annual fee of $1,500 or 2% of assets under management, whichever is less, may apply for accounts below $500,000 Fee-only: Financial planning charged at $250 per hour

Main office location

Flying Point Financial, Inc.

855 Turnpike Street

North Andover MA 01845, United States

Number of offices

4

Most active in

Florida · Maine · Massachusetts · New Hampshire · South Carolina

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Elaine M

CFP®, Series 63, Series 65

North Andover, MA

Flying Point Financial, Inc.

Elaine Morgillo is a CFP® professional with 27 years of industry experience, currently serving as an advisor at Flying Point Financial, Inc. since 2020. Prior to this, she led Morgillo Financial Management, Inc. for 22 years. She is also managing agent for a condominium owners' association in York Beach, Maine. Flying Point Financial serves individuals, high-net-worth clients, trusts, estates, and retirement plans, providing wealth management and financial planning. The firm employs a fundamental analysis approach tailored to clients’ objectives and manages approximately $206.7 million in discretionary assets.

General retirement planning General tax planning Wealth management Cash flow / budgeting
user avatar

Amy M

Series 63, Series 65

North Andover, MA

Flying Point Financial, Inc.

Amy Mastromonaco is a financial advisor with Flying Point Financial, Inc. and holds Series 63 and Series 65 credentials. She has 22 years of industry experience, including 22 years at Morgillo Financial Management, Inc. prior to joining Flying Point Financial in 2020. Flying Point Financial serves individuals, high-net-worth clients, and institutional accounts such as trusts and pension plans, offering wealth management and financial planning services. The firm emphasizes fundamental analysis and tailors investment strategies to client objectives, managing a discretionary portfolio of over $200 million through a small team of three advisors.

General retirement planning General tax planning Wealth management Cash flow / budgeting
user avatar

Kevin K

Series 63, Series 65

North Andover, MA

Flying Point Financial, Inc.

Kevin Kennedy is a financial advisor at Flying Point Financial, Inc. He holds Series 63 and Series 65 licenses and has 22 years of industry experience. Prior to joining Flying Point Financial in 2020, he spent 19 years at Morgillo Financial Management, Inc. Flying Point Financial serves individuals, high-net-worth clients, trusts, estates, and pension and profit-sharing plans by providing wealth management and financial planning services. The firm manages approximately $206.7 million in discretionary assets, tailoring investment strategies based on fundamental analysis and client objectives.

General retirement planning General tax planning Wealth management Cash flow / budgeting
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