Wealth manager, independent · Boston, MA
TFC Financial Management Inc
TFC Financial Management, Inc. · SEC-registered investment adviser · CRD 105062 · SEC 801-17784
At a glance
TFC Financial Management Inc is an SEC-registered investment adviser based in Boston, Massachusetts, with $1.8B in regulatory assets under management as of its Form ADV filed March 4, 2026. It reports 415 individual clients, 302 of them high-net-worth, holding an average of about $4.3 million each, and 22 employees. That ranks it 618th among the nation’s 5,657 independent wealth management RIAs and 35th of 202 in Massachusetts. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 617-210-6700tfcfinancial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among independent wealth managers
- #618 of 5,657
- Rank among all SEC RIAs
- #3,877 of 17,210
- Rank in Massachusetts
- #35 of 202
- Individual clients
- 415
- High-net-worth clients
- 302
- Accounts
- 1,619
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 12
- Offices
- 1
Owners and executives on its Form ADV
- Renee K. KwokPresident, CEO
- Constance H. WyllieChief Compliance Officer
- Leann N. SullivanSR. Vice President
- Brian J. PrestiChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
TFC Financial Management Inc reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 302 | $1.7B | 97% |
| Individuals | 113 | $50M | 3% |
| Corporations or other businesses | – | $9M | <1% |
Disciplinary disclosures
TFC Financial Management Inc reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗tfcfinancial.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,202 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Massachusetts
All of Massachusetts →| Firm | Regulatory AUM | Clients |
|---|---|---|
| John Hancock Personal Financial Services, LLCBoston | $2.2B | 35,589 |
| Boston Family Office LLCBoston | $2.0B | 332 |
| SHP Wealth Management, LLCPlymouth | $1.9B | 2,261 |
| Fiduciary Wealth Partners, LLCNewton Lower Falls | $1.5B | 109 |
| Bay Colony AdvisorsConcord | $1.4B | 2,650 |
| Wingate Wealth Advisors, Inc.Lexington | $1.4B | 642 |
Background
Questions
How much does TFC Financial Management Inc manage?
TFC Financial Management Inc reports $1.8B in regulatory assets under management across 1,619 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 4, 2026.
How many clients does TFC Financial Management Inc have?
It reports 415 individual clients: 302 high-net-worth individuals and 113 other individuals. Individuals account for about 99% of its regulatory assets.
Where is TFC Financial Management Inc headquartered?
Its main office is in Boston, Massachusetts. It reports 1 office in total and 22 employees, 12 of whom perform investment advisory functions.
How does TFC Financial Management Inc charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does TFC Financial Management Inc use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 4, 2026, it reports these amounts held: Charles Schwab ($1.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is TFC Financial Management Inc a hybrid RIA with a broker-dealer?
TFC Financial Management Inc reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is TFC Financial Management Inc a fiduciary?
As an SEC-registered investment adviser, TFC Financial Management Inc owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is TFC Financial Management Inc’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-04), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →