Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
New World Advisors LLC Overview
New World Advisors LLC is a fee-only, registered investment advisory firm that specializes in providing investment advice to individuals, small businesses, and institutional clients. Headquartered in Hingham, MA, the firm has been in business since 2018 and has established itself as a trusted advisor within its community. As a fee-only firm, New World Advisors LLC operates with a fiduciary responsibility to its clients, meaning that it always acts in their best interests. The firm's services include financial planning, portfolio management, pension consulting, and the selection of other advisors. Whether clients are looking to plan for their retirement, invest their savings, or manage their business's assets, New World Advisors LLC offers tailored solutions to fit their unique needs. Its portfolio management services are designed to help clients achieve their financial goals while minimizing risk, and its pension consulting services can help businesses maximize the benefits they offer to their employees. Overall, New World Advisors LLC is a reputable investment advisory firm that offers comprehensive financial planning and investment management services to clients. With a commitment to acting in its clients' best interests and a track record of success, the firm is well-positioned to help its clients achieve their financial goals.
NEW WORLD ADVISORS LLC is a premier financial advisory firm serving a wide range of clients. The firm caters to individuals with high net worth and pension or profit sharing plans. They assist these clients with a range of financial goals such as managing assets, investing in stocks and bonds, and planning for a comfortable retirement. NEW WORLD ADVISORS LLC believes in offering personalized solutions that cater to the unique financial needs and goals of each client, providing in-depth guidance, and long-term support throughout the financial lifecycle. When it comes to fees, NEW WORLD ADVISORS LLC offers a range of fee structures depending on the services that clients require. The firm charges a percentage of AUM for clients looking for comprehensive wealth management services, asset allocation, and ongoing portfolio management. Alternatively, clients can opt for fixed fees for specific services, such as financial planning, estate planning, or tax planning. No matter which fee structure clients choose, NEW WORLD ADVISORS LLC ensures transparent communication and reasonable pricing without any hidden charges or surprises.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, NEW WORLD ADVISORS LLC's Part 2 Brochure does not mention an investment minimum.
How This Office Can Help Hingham, MA Residents
New World Advisors is a financial planning and investment management firm that provides guidance and support to clients in Hingham, MA. The firm offers a range of services that are tailored to meet the specific needs and goals of each individual client. Whether someone is just starting out and looking to build a strong financial foundation, or they are approaching retirement and need help managing their investments and creating a retirement income strategy, New World Advisors has the expertise and resources to assist. For those living in Hingham, financial situations can vary widely. Some may be dealing with the high cost of living in the area and struggling to save for the future. Others may be facing unexpected medical expenses or trying to figure out how best to fund their child's education. Still, others may be concerned about how to protect their assets and provide for their loved ones in the event of an unexpected tragedy. Whatever the situation may be, New World Advisors can help clients develop a personalized plan that maximizes their financial potential and mitigates risk.
Services Offered by New World Advisors LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by New World Advisors LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–5 PM
- Tue 8 AM–5 PM
- Wed 8 AM–5 PM
- Thu 8 AM–5 PM
- Fri 8 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
New World Advisors LLC is registered to service clients in the following states:
- Connecticut
- Massachusetts
- New Hampshire
Disciplinary History
New World Advisors LLC does not have any disclosures. Please visit it's Form ADV for more details.