DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Abbot Financial Management, Inc
Latest filing Sep 24, 2025
First filing on the tape Mar 21, 2012 · 24 filings
SEC status approved since Nov 3, 1983
RAUM
$303M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$294M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$101M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$303M as of Sep 24, 2025
Sep 27, 2012$122M then
HNW client RAUM$256M as of Sep 24, 2025
Sep 28, 2018$160M then
State-registered IARs (5.B.3)3 as of Sep 24, 2025
Sep 27, 20120 then
Employees (5.A)4 as of Sep 24, 2025
Sep 27, 20134 then
Private funds: no history
RAUM +26% over the last fiscal year-0.7% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Sep 24, 2025; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $101MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 67derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $588,340derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.2%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$256M85%
- Individuals$38.0M13%
- Charitable organizations$8.8M2.9%
- Individual clients
- 116reported
- HNW clients
- 86reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 515reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Andrew James NovellineChartered Financial Analyst | Andover, Ma | Feb 1, 2005 | 21 y | 0 |
| Robert Alan Mclemore | Pawley'S Island, Sc | Nov 20, 2006 | 42 y | 0 |
| Dennis Carl WassungChartered Financial Analyst | Andover, Ma | Jul 9, 2019 | 18 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Dennis Carl Wassung from Essex Private Wealth Management LLCJul 9, 2019 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- James Andrew Novelline · President And Chief Compliance Officercontrolsince 07/2005 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Andover, Ma · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 493 to 515Jul 28, 2025 to Sep 24, 2025
- Advisory activities · 3 to 4Jul 28, 2025 to Sep 24, 2025
- Charity clients · 3.0 to unsetJul 28, 2025 to Sep 24, 2025
- HNW clients · 74 to 86Jul 28, 2025 to Sep 24, 2025
- Individual clients · 125 to 116Jul 28, 2025 to Sep 24, 2025
- Discretionary RAUM · $274M to $303MJul 28, 2025 to Sep 24, 2025
- HNW RAUM · $222M to $256MJul 28, 2025 to Sep 24, 2025
- Individual RAUM · $43.7M to $38.0MJul 28, 2025 to Sep 24, 2025
- RAUM · $274M to $303MJul 28, 2025 to Sep 24, 2025
- Financial planning clients · 1-10 to 1-10Sep 20, 2024 to Jul 28, 2025
- Accounts · 472 to 493Dec 11, 2023 to Sep 20, 2024
- HNW clients · 63 to 74Dec 11, 2023 to Sep 20, 2024
- Individual clients · 128 to 125Dec 11, 2023 to Sep 20, 2024
- Pension plan clients · 1.0 to unsetDec 11, 2023 to Sep 20, 2024
- Discretionary RAUM · $240M to $274MDec 11, 2023 to Sep 20, 2024
- HNW RAUM · $185M to $222MDec 11, 2023 to Sep 20, 2024
- Individual RAUM · $44.3M to $43.7MDec 11, 2023 to Sep 20, 2024
- Pension RAUM · 3494214.0 to unsetDec 11, 2023 to Sep 20, 2024
- RAUM · $240M to $274MDec 11, 2023 to Sep 20, 2024
- HQ city · NORTH ANDOVER to ANDOVEROct 4, 2023 to Dec 11, 2023
- Accounts · 480 to 472Jan 16, 2023 to Sep 27, 2023
- HNW clients · 71 to 63Jan 16, 2023 to Sep 27, 2023
- Individual clients · 118 to 128Jan 16, 2023 to Sep 27, 2023
- Discretionary RAUM · $243M to $240MJan 16, 2023 to Sep 27, 2023
- HNW RAUM · $196M to $185MJan 16, 2023 to Sep 27, 2023
- Individual RAUM · $36.9M to $44.3MJan 16, 2023 to Sep 27, 2023
- Pension RAUM · $3.0M to $3.5MJan 16, 2023 to Sep 27, 2023
- RAUM · $243M to $240MJan 16, 2023 to Sep 27, 2023
- Advisory employees · 4 to 3Sep 20, 2022 to Jan 16, 2023
- Employees · 5 to 4Sep 20, 2022 to Jan 16, 2023
- State-registered IARs · 4 to 3Sep 20, 2022 to Jan 16, 2023
- Accounts · 469 to 480Jun 16, 2022 to Sep 20, 2022
- HNW clients · 87 to 71Jun 16, 2022 to Sep 20, 2022
- Individual clients · 97 to 118Jun 16, 2022 to Sep 20, 2022
- Discretionary RAUM · $309M to $243MJun 16, 2022 to Sep 20, 2022
- HNW RAUM · $271M to $196MJun 16, 2022 to Sep 20, 2022
- Individual RAUM · $29.5M to $36.9MJun 16, 2022 to Sep 20, 2022
- Pension RAUM · $3.2M to $3.0MJun 16, 2022 to Sep 20, 2022
- RAUM · $309M to $243MJun 16, 2022 to Sep 20, 2022
- Accounts · 431 to 469Dec 21, 2020 to Sep 2, 2021
Signals
1 dated events
- Thomas William Novelline (Chairman/Treasurer) no longer on Schedule A of Abbot Financial Management, Inc (listed 2020-12-21, absent 2021-09-02)Sep 2, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 978-688-0090reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 978-688-9010reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/abbot-financial-management-increportedpublic record, Form ADV, Sep 18, 2026
- Website
- abbotfm.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (978) 688-9010reportedpublic record, Form ADV, Sep 24, 2025
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $101Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026