The Family Financial Group

The Family Financial Group provides comprehensive financial planning, investment advisement, full-service tax preparation and personal accounting, estate and trust planning, and small-business services for high-net-worth individuals, families, trusts and small family businesses. In addition to individual clients, the firm advises other registered investment advisers and—unusually for a small supported firm—reports relationships with institutional clients including a sovereign wealth fund, banking or thrift institutions, state or municipal entities and insurance companies.

The firm acts as a non-discretionary adviser and “quarterback” for clients’ advisory teams, reviewing asset allocations prepared by primary RIAs, conducting due diligence on recommended advisers, and meeting with clients at least annually. It operates on an hourly, fee-only billing model, reports approximately $115.8 million in assets under advisement across 226 accounts, and does not provide portfolio management for individuals or charge percentage-of-AUM fees.

A distinctive feature is its affiliation with an affiliated CPA firm that provides integrated tax preparation, bookkeeping and accounting services alongside financial planning. The firm also has a recent regulatory history — an SEC review prompted reclassification of its regulatory assets as assets under advisement and the firm resolved a Massachusetts consent order regarding registration timing — matters prospective clients may consider in evaluating the small, two-advisor practice and its limited custody (fee-deduction) arrangements.