SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Mayflower Advisors
Boston, MA
Mayflower Financial Advisors, LLC, CRD 307857
Firm filing updated August 5, 2026 ·
- $5.8BAssets
- 1,225Clients
- 27Advisory staff
- 2,924Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals593
- High net worth individuals333
- Pension and profit sharing plans249
- Corporations or other businesses27
- Charities21
- and 1 more2
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 593 | $203.5 million |
| High net worth individuals | 333 | $1.1 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1.6 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 249 | $4.4 billion |
| Charitable organizations | 21 | $23.5 million |
| Corporations or other businesses not listed above | 27 | $44.8 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 6 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$5.8 billion
- Accounts2,924
- Discretionary$1.8 billion · 2,735 accounts
- Non-discretionary$4.0 billion · 189 accounts
People
- Employees33
- Advisory staff27
- Broker-dealer reps22
- Licensed insurance agents8
- Planning clients251 to 500
Advisors
14 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- Legal name: Mayflower Financial Advisors, LLC SEC-registered investment advisor. CRD 307857, SEC file 801-118381.
- Registered with the SEC as an investment advisor (status date on record: April 3, 2020).
Is Mayflower Advisors a fiduciary?
Short answer: Mayflower Advisors is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 22 staff are broker-dealer representatives. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
8 staff are licensed insurance agents.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.