Winthrop Wealth Management, a Boston-based independent wealth advisory firm, has launched its independent hybrid registered investment adviser with $1.3 billion in fee-based advisory assets under management. The firm was previously affiliated with LPL Financial.
As part of the new hybrid RIA, Winthrop has also launched its new independent advisory practice acquisition platform, Empower Advisor.
Founded in 1985, Winthrop is a second-generation family-owned firm led by chief executive officer Max Winthrop and chief operating officer Lucas Winthrop. The firm is comprised of 16 employees, including financial advisors and support staff.
“In this new fiduciary era, the greatest differentiator for successful advisors and firms is the ability to leverage technology, data and analytics to develop a superior understanding of each client’s unique needs, resulting in deepened personal engagement with clients,” said Max Winthrop.
“In many ways, the industry’s new ‘fiduciary era’ is simply catching up to how our firm has operated for the past 30 years,” said Lucas Winthrop. “For decades, every client touch point has been purposeful and relevant simply because it is driven by a profound appreciation of the client’s best interests. Meeting our clients’ needs is not good enough. We are on a mission to consistently raise the bar, seeking to exceed clients’ expectations at every stage of the relationship.”
Winthrop Wealth Management is an independent wealth advisory firm and multi-family office with additional locations in Westborough, MA; Rockville Centre, NY; and Stratham, NH. The firm provides wealth planning, investment management and tax and estate planning services to high net worth and ultra-high net worth individuals, families and business owners. It also advises retirement plans for small- to medium-sized businesses as well as institutions and endowments.