Community Financial Services Group

What Community Financial Services Group does

Community Financial Services Group, LLC (CFSG) is a privately held, fiduciary wealth management company headquartered in Newport, Vermont, founded in 2002 by three community banks in Vermont and New Hampshire. It provides fee-based investment management, comprehensive financial planning, retirement plan administration (401(k), 403(b), Simple IRA), life insurance guidance, and trust and estate services to individuals, families, business owners, retirement plan participants, and high-net-worth households across more than 40 states, with eight physical offices across Vermont and New Hampshire. CFSG operates under a no-commission, no-account-minimum flat-fee model that aligns advisor incentives with client outcomes, distinguishing it from traditional minimum-driven wealth managers.

CFSG is the trust and investment management affiliate of Community National Bank and National Bank of Middlebury and provides non-affiliate trust and investment services to People's Trust Company of St. Albans; Community Bancorp, the holding company of Community National Bank, owns 50% of CFSG. The firm manages more than $1.6 billion in client assets (per Community Bancorp's May 2026 AGM) and is governed by a Board of Managers including bank executives and independent professionals. Its core technology stack is delivered by SEI Investments Company, including the Total Wealth Management mobile application (iOS/Android) and web-based account access with authentication, electronic statements, and customizable dashboards.

Name

Community Financial Services Group

Legal name

Community Financial Services Group, LLC

Website

https://cfsgtrust.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

CFSG is a fiduciary, fee-based wealth manager founded in 2002 by Vermont and New Hampshire community banks, serving individuals, families, business owners, and retirement plan participants across 40+ states with $1.5–1.6B in AUM and no account minimums.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (525920)

SIC

Finance Services (6199)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

akta.pro secondary industry

Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Fiduciary wealth management
• Investment management services
• Financial planning advisory
• Retirement plan administration
• Trust and estate services

Headquarters

HQ city

Newport

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fee-Based Financial Planning: CFSG operates as a fiduciary wealth management company offering fee-based financial planning services without minimum account requirements. Revenue is generated through advisory fees rather than product commissions, aligning the firm's interests with clients.
2. Asset Management Fees: The company manages more than $1.6 billion in assets for clients, generating revenue through asset-based management fees proportional to assets under management.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Community Financial Services Group (CFSG) is a fiduciary wealth management firm that provides personalized investment management, financial planning, retirement plan administration, life insurance guidance, and trust services to individuals, families, and business owners. The firm operates under a fee-based, flat-fee model with no minimum account requirements, managing more than $1.5 billion in client assets across Vermont, New Hampshire, and more than 40 states. Services are delivered through credentialed advisors stationed across eight branch offices and supported by an SEI-powered digital platform.

Product overview

Community Financial Services Group (CFSG) operates as a fiduciary wealth management company offering a unified suite of financial services built around core offerings of Asset Management, Financial Planning, Life Insurance Services, and Retirement Planning. The company supplements its advisory services with the CFSG Mobile Application (developed by SEI Investments Company) for account access, The Navigator quarterly newsletter for investment insights, and a comprehensive Resource Center providing educational content. CFSG manages over $1.5 billion in assets for clients across New Hampshire, Vermont, and more than 40 states under a flat-fee, client-aligned business model.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management
• Financial Planning
• Life Insurance Services
• Retirement Planning
• CFSG Mobile Application
• The Navigator Newsletter
• Resource Center

Quantifiable outcome

• Manages more than $1.6 billion in client assets
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SEI Investments CompanycoreTechnology or IntegrationSEI Investments Company developed and maintains the Total Wealth Management App used by CFSG clients. SEI provides technology and data services under agreement with CFSG, including account access, authentication, and secure data management. SEI does not provide financial advice or enter direct client relationships.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Charter Trust Company: New Hampshire-based trust and investment management firm serving individuals and families with a fee-based fiduciary model. Operates in essentially the same New England geography, with the same business mix of trust administration, investment management, and retirement planning — making it the closest direct competitor to CFSG.
• Ledyard Financial Advisors: New Hampshire-based wealth management firm that is the investment and trust affiliate of Ledyard National Bank. Mirrors CFSG's community-bank-affiliate RIA model, with the same fiduciary, fee-based structure and a similar focus on individuals, families, and business owners in northern New England.
• Bar Harbor Wealth Management: The wealth management division of Bar Harbor Bank & Trust, which acquired Woodsville Guaranty Savings Bank (a CFSG founding institution) in 2025. Now a community-bank-affiliated RIA serving northern New England — directly overlapping CFSG's territory and one of its former referral sources.
• Mascoma Bank Wealth Management: Trust and investment management affiliate of Mascoma Bank serving Vermont and New Hampshire clients. Closely comparable business model to CFSG (community-bank-affiliated RIA, trust administration, retail wealth advisory in northern New England).
• Lake Sunapee Bank Wealth Management: New Hampshire community bank's wealth management division providing trust and investment services to individuals and families in the same Upper Valley / Lake region CFSG serves through its Littleton, NH office. Same community-bank RIA model.

Regional players

• NorthStar Asset Management: Independent New England-based RIA offering personalized investment management and financial planning for individuals and families. Comparable in fiduciary model and client focus but does not operate through a community-bank affiliation.

Emerging players

• Concentric Wealth Advisors: Independent, fee-only RIA providing financial planning and investment management to individuals and business owners. Comparable in client segments (HNW individuals, business owner succession, retirement plan services) and fiduciary model; larger than CFSG by AUM.

Broad incumbents

• Mariner Wealth Advisors: Large national RIA offering comprehensive wealth advisory including investment management, financial planning, retirement, tax, and estate services — directly overlapping CFSG's product suite at greater scale and geographic reach; competes for HNW individuals and business owners.
• Edelman Financial Engines: One of the largest independent RIAs in the U.S., offering fiduciary wealth management and retirement plan services to individuals and corporate plans. Direct product overlap with CFSG's retirement plan and individual advisory business, at vastly greater scale and with digital onboarding.

Others

• SS&C Trust & Wealth Management (Trust Company of America): SS&C's wealth management technology and trust services platform serving RIAs including custody, trust, and back-office — comparable to CFSG's reliance on SEI as technology backbone, but operating as a competing wealth-services vendor in the broader ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CFSGWealthNH
• Facebookfacebook.com/cfsgtrustnh

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Financial Services Group