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Salem Advisory Group LLC

Updated today

Client assets under management

$71,818,485

Clients

288

9% high-net-worth

Advisors

4

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

72

High

Average account size

$249,370

About

Salem Advisory Group, LLC is a registered investment adviser managing roughly $76 million for about 288 clients, including individual and high-net-worth households, trusts, estates, charitable organizations, and employer-sponsored retirement plans. The firm offers discretionary investment management, complimentary financial planning, and pension consulting services, including Section 3(21) advisory work for 401(k) profit-sharing plans.

The firm tailors portfolios to each client's objectives, time horizon, and risk tolerance, using a combination of fundamental and technical analysis and employing long- and short-term strategies, dollar-cost averaging, and occasional use of leveraged ETFs. Most client accounts are managed on a discretionary basis, are reviewed at least quarterly, and clients receive periodic reporting and performance information.

Noteworthy features compared with peers include a quarterly client newsletter and the dual role of many advisory representatives as licensed insurance agents, who may offer annuities and Medicare-related products for commissions; these relationships and potential conflicts are disclosed and governed by the firm’s Code of Ethics. The firm’s Form ADV also discloses prior state consent orders addressing supervisory and privacy deficiencies that resulted in fines and remediation, matters that the firm reports in its regulatory filings.

Client services

Financial planning Portfolio management Pension consulting

Expertise

Retirement plans for business owners (SEP, solo 401k) Long-term care insurance Medicare planning Wealth management Annuities

Occupation focus

Founder/Business Owner Retired

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Fee options

Percentage

$0 - $999,999: 0.1% - 1.50%, Negotiable $1,000,000 - $2,499,999: 0.1% - 1.25%, Negotiable $2,500,000+: 0.1% - 1.25%, Negotiable

Commissions

Commissions from insurance product sales at non-negotiable rates; paid at time of purchase.

Other

Fee-only: Annual fees based on assets under management, negotiable within stated ranges.

Main office location

Salem Advisory Group LLC

1332 Post Road, Suite 2 A

Wells ME 04090, United States

Number of offices

1

Most active in

Florida · Maine · Massachusetts · New Hampshire · Ohio · Texas

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

Warren B

ChFC®, Series 63

Wells, ME

Salem Advisory Group LLC

Warren Berger is a financial advisor with Salem Advisory Group LLC, holding the ChFC® and Series 63 designations and bringing 42 years of industry experience. He has been with Salem Advisory Group since 2009 and also worked at Lamaine Industries from 2011 to 2023. Salem Advisory Group serves individual investors, trusts, estates, charitable organizations, and employer-sponsored retirement plans, offering fee-based investment management and financial planning. The firm tailors investment strategies to client goals and risk tolerance using a combination of fundamental and technical analysis, with account reviews at least quarterly.

Retirement plans for business owners (SEP, solo 401k) Long-term care insurance Medicare planning Wealth management Annuities Founder/Business Owner Retired
user avatar

Kevin C

CFP®, Series 63

Wells, ME

Salem Advisory Group LLC

Kevin Colley is a CFP® with 27 years of industry experience, currently serving at Salem Advisory Group LLC since 2009. He has been self-employed since 1983. Colley also serves as an ad hoc non-voting member of the investment committee at Cheverus High School, a nonprofit Jesuit high school in Portland, ME. Salem Advisory Group LLC works with individual investors, trusts, estates, charitable organizations, and employer-sponsored retirement plans, offering fee-based investment management and financial planning. The firm provides tailored investment strategies using fundamental and technical analysis, with quarterly account reviews and custody through Charles Schwab.

Retirement plans for business owners (SEP, solo 401k) Long-term care insurance Medicare planning Wealth management Annuities Founder/Business Owner Retired
user avatar

Peter B

Series 63, Series 65

Wells, ME

Salem Advisory Group LLC

Peter Bishop is a financial advisor with Salem Advisory Group LLC in Wells, ME, holding Series 63 and Series 65 credentials and 35 years of industry experience. He has been with Salem Advisory Group since 2013. Salem Advisory Group serves individual investors, high-net-worth clients, trusts, estates, charitable organizations, and employer-sponsored retirement plans. The firm offers fee-based investment management and financial planning, tailoring strategies based on client goals, risk tolerance, and time horizon, with portfolio reviews at least quarterly.

Retirement plans for business owners (SEP, solo 401k) Long-term care insurance Medicare planning Wealth management Annuities Founder/Business Owner Retired
user avatar

William R

Series 65

Wells, ME

Salem Advisory Group LLC

William Rispoli is a financial advisor at Salem Advisory Group LLC with 10 years of industry experience. He holds a Series 65 designation and has worked at Village Accounting since 2019, alongside his roles at Salem Advisory Group starting in 2015. Rispoli is also involved with Hostile Valley Corporation, where he has been active since 2002. Salem Advisory Group serves individual investors, trusts, estates, charitable organizations, and employer-sponsored retirement plans by providing fee-based investment management and financial planning. The firm customizes investment strategies based on client goals and risk tolerance, employing both fundamental and technical analysis and regularly reviews accounts at least quarterly.

Retirement plans for business owners (SEP, solo 401k) Long-term care insurance Medicare planning Wealth management Annuities Founder/Business Owner Retired
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