Scott Facchetti
Scott Facchetti is a registered investment advisor at Flagship Wealth Advisors, LLC., based in Wakefield, MA, with 24 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 447 clients with $610M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Flagship Wealth Advisors offers investment management services through Advisor Managed Portfolios and Model Portfolios programs.
For Advisor Managed Portfolios, the annual fee is a percentage of your portfolio:
- First $1,000,000 — 1.00%
- Next $1,000,000 to $2,000,000 — 0.80%
- Next $2,000,000 to $5,000,000 — 0.60%
- Next $5,000,000 to $25,000,000 — 0.40%
- Next $25,000,000 — 0.30%
For Model Portfolios, the annual fee is a percentage of your portfolio:
- $0 - $250,000 — 1.75%
- $250,000 - $500,000 — 1.75%
- $500,000 - $750,000 — 1.60%
- $750,000 - $1,250,000 — 1.50%
- $1,250,000 - $2,000,000 — 1.30%
- $2,000,000 - $5,000,000 — 1.10%
- Over $5,000,000 — 0.90%
Fees are negotiable and debited from your account quarterly. If you terminate your account, the fee will be credited back to you on a pro-rata basis.
Location
301 Edgewater Place, Suite 400, Wakefield, MA, 01880
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Scott is a partner at Facchetti & Facchetti LTD, providing tax advice, accounting, and business consulting, dedicating nearly full-time hours. He is also a partner at L&S Financial Services LTD, managing rental properties with minimal time commitment, and an Investment Advisor Representative at Flagship Wealth Advisors, LLC, spending a few hours per week.
Employment History
Current Registrations
Flagship Wealth Advisors, LLC.
Osaic Wealth, INC.Broker
Previous Registrations
Osaic Wealth, INC.
Janney Montgomery Scott LLC
Janney Montgomery Scott LLCBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Advest, INC.Broker
Mony Securities Corporation
Mony Securities CorporationBroker
Advest, INC.Broker
State Registrations5 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.