Proctor Financial, Inc.

What Proctor Financial, Inc. does

Proctor Financial, Inc. is a privately held, fee-only investment management and financial advisory firm headquartered in Sherborn, Massachusetts, founded in August 1994 by Tony Proctor. The firm serves primarily high-net-worth individuals with $500,000 to $10 million in investable assets, with a standard client minimum of $500,000 and a President's Club tier requiring $1,000,000. Core services include retirement income planning, investment management with monitoring and rebalancing, estate planning, tax return preparation, business retirement plan consulting, and 401(k) guidance, with face-to-face annual reviews as a stated service standard. The firm operates exclusively in the Metro Boston / New England region and serves over 200 clients, with some relationships dating back to its founding year.

The firm's intellectual and technical core is its proprietary TCM™ (Time-weighted Cash flow Management) system, which performs year-by-year calculations of the net cash flow required from a client's total portfolio and selects assets to deliver desired retirement income while maximizing long-term value. This sits alongside a secure client web portal (built with third-party providers Performance Technologies for electronic services and Yodlee for account aggregation), an integrated suite of online financial calculators, and the trademarked 'Retire Better®' brand. All client assets are held in custody by Charles Schwab & Co., and Proctor Financial acts as an SEC-registered investment advisor with no affiliations to broker-dealers or product manufacturers.

Revenue is generated primarily through a graduated, AUM-based advisory fee billed quarterly by direct deduction from client accounts, with the percentage declining as assets increase. A separate revenue stream comes from tax return preparation billed at an independent rate to financial management clients. Client acquisition combines an educational seminar channel ('Financial Strategies for Successful Retirement®', a four-part, ten-hour course that has drawn over 4,000 attendees in ten years), in-office corporate seminars, client referrals, and Tony Proctor's media presence on CNBC and Bloomberg Television. The firm is family-influenced in ownership and operation, with Andrea Proctor serving as Special Projects Manager since 1998 and Rosemary Chiasson having served as Client Service Manager for 25 years before retirement.

Name

Proctor Financial, Inc.

Legal name

Proctor Financial

Website

https://proctorfinancial.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Proctor Financial is a fee-only, SEC-registered financial advisory firm founded in 1994, providing retirement planning, investment management, estate planning, and tax preparation to high-net-worth individuals in the Metro Boston and New England region with a $500,000 minimum investable assets requirement.

Ownership category

akta.pro rank

Product category

Wealth Management Services

akta.pro primary industry

Fee-Only Advisory (FSAEAAAL)

Keywords

• Retirement planning
• Investment management
• Financial advisory
• Wealth management
• Estate planning

Headquarters

HQ city

Sherborn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Advisory Fee (AUM-based): Fees based upon a percentage of assets invested under management. The more assets invested, the lower the percentage charged. This fee-based structure is investment-agnostic with no motivation to favor one investment vehicle over another. Fees are paid quarterly by direct deduction from accounts. IRA fees are paid in pre-tax dollars.
2. Tax Preparation Services: Tax return preparation offered to financial management clients, billed at a separate rate from advisory fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Proctor Financial is a fee-only, SEC-registered investment advisory firm that provides investment management and comprehensive retirement planning services to high-net-worth individuals and select businesses. The firm employs its proprietary TCM (Time-weighted Cash flow Management) system to deliver year-by-year customized cash flow planning, asset allocation, monitoring, and rebalancing, supported by a secure client web portal and in-house tax preparation.

Product overview

Proctor Financial is a financial planning firm offering a unified set of retirement planning and investment management services centered on its proprietary TCM™ (Time-weighted Cash flow Management) system. The core offering combines a secure Client Website Portal for account access with comprehensive Investment Management Services. Additional services include Business Planning, Estate Planning, Tax Return Preparation, and the Financial Strategies for Successful Retirement® Seminar for client education. The firm provides these services primarily to high net worth individuals with $500,000 to $10 million in investable assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Services Full-service investment management including investment selection, ongoing monitoring, rebalancing, and adjustments based on each client's retirement plan, delivered through direct senior-advisor relationships with annual face-to-face reviews.
• Business Planning Services Business planning services helping companies choose cost-effective retirement plan solutions with the best investment choices for employees, transition plans for company owners approaching retirement, and strategies to maximize after-tax return on employer stock options.
• Estate Planning Services Identification of gaps in clients' current estate plans, coordination with attorneys to create and implement new plans, and periodic reviews to minimize estate taxes.
• Tax Return Preparation

Quantifiable outcome

• Over 4,000 people attended in-person seminars over the past 10 years
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

One partnership is on record.

• Charles Schwab & Co.coreTechnology or IntegrationCharles Schwab & Co. functions as a custodian for client invested assets. All client assets are held by Schwab. Proctor Financial manages but never holds client money. This is a core service provider relationship essential to the firm's operations.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Creative Planning: Large fee-only RIA serving HNW and mass-affluent clients with comprehensive financial planning, investment management, and tax services. Highly comparable as a fiduciary advisor offering AUM-based recurring revenue and integrated planning, though at significantly larger scale than Proctor.
• Mercer Advisors: Fee-only RIA focused on HNW individuals with comprehensive retirement, tax, and estate planning services. Directly comparable service mix to Proctor Financial, with national footprint and substantially larger AUM.
• Carson Group: RIA platform serving HNW households with holistic financial planning, investment management, and tax services. Comparable in offering and target client, but operates a partner-firm model rather than a single boutique firm.
• Ronald Blue Trust: Fee-only Christian-based RIA offering comprehensive financial planning, investment management, and tax/estate services to HNW individuals. Direct comparable in service model and client focus, though faith-based positioning differs.
• Mariner Wealth Advisors: National fee-only RIA providing HNW clients with holistic financial planning, tax, estate, and investment management services. Direct peer in service offering and target market, operating at much greater scale.

Broad incumbents

• Edelman Financial Engines: One of the largest independent RIAs in the U.S. providing fee-only financial planning and investment management to a broad HNW and mass-affluent base. Comparable fiduciary model, but at much greater scale and with employer-sponsored plan services.
• Focus Financial Partners: RIA aggregator and partner firm platform serving HNW clients through a federation of boutique RIAs. Comparable to the long-term strategic trajectory Proctor might pursue via partnership/sale.
• Schwab Wealth Advisory: Charles Schwab's fee-based advisory solution for clients with substantial investable assets. Directly relevant as Proctor Financial's custodian is Schwab and Schwab's competing advisory offering creates channel and competitive overlap.
• Fidelity Wealth Services: Large incumbent offering fee-based wealth management and financial planning to HNW households, including through Fidelity Personal Advisors. Relevant as a competitive incumbent; Proctor's team includes alumni of Fidelity Investments.
• Brown Brothers Harriman Wealth Management: Historic private bank and trust company providing HNW wealth planning, investment management, and estate services. Comparable as an established fiduciary advisor in the HNW retirement/estate space, with deeper institutional infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/proctor-financial-inc.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Proctor Financial, Inc.