Mike and Kris came together in 2000 because they believe doing the right thing leads to success. They’re right. So, we make sure we have the time, energy, and resources to do the right thing by you. That means personal attention, concierge services, and truly custom-built solutions to help you reach your goals. Lexington Wealth Management was at the vanguard of a national trend, focusing on the emotional and psychological factors that often affect financial decisions.
We connect the head and the heart of wealth management, where logic and emotion come together and sometimes clash. So we listen with the heads of entrepreneurs and the hearts of social workers. (Always thinking and ready to help objectively.) We get to know who you are and how you feel about your money and what it does for you.
Money can be complex, confusing, and emotional. We believe that if you’re not comfortable with a financial decision, it’s not a successful one.
At LWM, we take a 360º view of your needs, resources, and goals. We understand that financial decisions during major life events can be profoundly affected by a client’s state of mind. (Lots of research supports this!1) That’s why we’re one of the first wealth management practices in the country to include a psychologist early on as part of our team. We believe managing the ups and downs of both the portfolio and emotional volatility that our clients face and feel is critical. Sticking to your plan and reducing the magnitude of losses can have significant compounding benefits and makes rebounding quicker. Significant life decisions should be part of the process. So should your comfort in addressing them.
Because our clients often turn to us to help cope with life-changing events, our knowledge of investment management and risk management is sometimes just part of your plan. We work closely with CPAs, estate attorneys, divorce attorneys, and other professionals to cover all the bases. Real conversations about what you’re worried about can help guide us to a plan you can stick with. Whatever your circumstances, we assemble the team that will do the job with as little stress as possible.
We are and have been early adopters of new technologies and services. Asset allocation and asset location, consolidated performance reporting, Monte Carlo Simulation Analysis, tax efficient strategies, concentrated wealth strategies, alternative investments—we love this stuff. Just so you know, they’re part of making your portfolio work hard for you.
We believe strongly in teamwork, humility, staying connected, and being proactive and passionate. Our investment philosophy is to balance highly-quantitative information with a qualitative asset allocation approach. But by far the most important question is: Is it working for you?
LWM is fee-only and structured to mitigate conflicts of interest. We take no commission or soft dollars; we offer no prepackaged models. We recommend and construct the financial framework that aligns with and works hardest to meet your goals.
We listen. Then we add in insights from nationally-recognized financial and tax planners, sophisticated research, a comprehensive reporting package, forward-thinking investment strategies—and lots of conversations with clients.
Today, Lexington Wealth Management has over $2.2 billion of assets under advisement and serves more than 800 individuals, wealthy families, and small businesses with a net worth in the $2 million to $150 million range. We’re based in Lexington, MA, but we serve clients all over the world— and we’re happy to come to you wherever that may be!
1Dalbar and many other behavioral studies have shown the significant emotional/behavioral impact that regular investors can have on their portfolios.