Fairfield Financial Advisors Ltd (Wellesley)

Name: Fairfield Financial Advisors Ltd
Address: The Wellesley Office Park, Wellesley, MA, 02481
Telephone: 781-431-1119

Fairfield Financial Advisors Ltd is a large advisory firm based in Wellesley. It manages $174.73 million of regulatory assets for 404 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Massachusetts, New Hampshire, New York, and Texas.

Fairfield Financial Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fairfield Financial Advisors: assets under management

The assets under management (AUM) of Fairfield Financial Advisors Ltd is $174.73 million. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.86 million in discretionary accounts and $151.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $380.64 thousand.

Fairfield Financial Advisors has custody of $58.55 million in cash and securities for 58 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fairfield Financial Advisors Ltd for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jane Virginia King serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jane Virginia King is high net worth individuals with 50 clients and $124.02 million of assets under management. Among the 11 most similar advisory firms, Fairfield Financial Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $174.73 million for 191 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fairfield Financial Advisors doesn't advise any private funds.

Careers at Fairfield Financial Advisors Ltd

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jane Virginia King has been acting as President since 1 Jan 1993. Lori Ann Colella joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jane Virginia King	President	1 Jan 1993	75% - 100%	269934
Lori Ann Colella	Chief compliance officer	1 Jan 2003	Other	5030647

Based in Wellesley

The principal office where Fairfield Financial Advisors Ltd performs its advisory services is located at The Wellesley Office Park, Wellesley, MA 02481, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-431-1119 or by fax 781-431-7611. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at fairfieldfinadvisors.com.