Pension & Wealth Management Advisors, Inc.
Pension & Wealth Management Advisors, Inc. is an independent, fee-based advisory firm with a principal office in Waltham, Massachusetts. Its stated services include wealth management, portfolio management, financial planning, retirement-plan fiduciary guidance, institutional advisory, and M&A advisory. Public announcements identify acquisitions of Simpson Investment Counsel and Devonshire Asset Management Inc.
PWMA publicly presents both an advisory platform and an acquisition program for boutique advisory firms.
Its disclosed services span portfolio management, financial planning, retirement-plan advisory, institutional advice, and M&A support for business owners. Public acquisition announcements identify Simpson Investment Counsel and Devonshire Asset Management Inc., while the cited announcements do not disclose purchase price, valuation, acquired assets under management, financing, or other consideration terms.[1][2][3][4][5][7][8][9]
What does Pension & Wealth Management Advisors, Inc. do?
Pension & Wealth Management Advisors, Inc. provides investment advisory services from its principal office at 800 South Street, Suite 160, Waltham, Massachusetts. The firm publicly presents wealth management, institutional-investor advisory, retirement-plan advisory, and M&A services.
The official homepage states that PWMA serves 350+ families and institutions, has 35 years in business, and offers 100% independent fee-based advisory. A separate official page states 125+ current clients and describes the firm as fee-only.[1][7]
PWMA states that it provides portfolio management, financial planning, regular monitoring, and both discretionary and non-discretionary advisory services. Its wealth-management services include estate planning, retirement planning, wealth forecasting, investment management, risk management, alternative investments, succession planning, generational planning, ESOP and deferred-compensation analysis, and M&A.
For employer-sponsored retirement plans, the firm states that it provides independent ERISA 3(21) and 3(38) fiduciary guidance, including plan-design reviews, fee benchmarking, vendor management, investment due diligence, quarterly reviews, and employee education.[3][4][5]
Owners comparing advisory firms can also review Auxo’s M&A advisor vs. business broker vs. investment bank comparison, advisor-selection guide, and sell-side advisor evaluation framework.
What should a business owner evaluate before hiring Pension & Wealth Management Advisors, Inc.?
Owners evaluating PWMA as a potential succession partner or buyer of an advisory practice can verify how the firm’s selective acquisition program applies to their circumstances. Public materials establish acquisition activity and successor positioning. The cited Simpson and Devonshire acquisition announcements do not disclose purchase price, valuation, acquired assets under management, financing, or other consideration terms.
Prospective sellers should also address purchase-price methodology, payment structure, rollover requirements, transition obligations, integration responsibilities, post-closing roles, and the client, employee, custodial, investment-model, and compliance-transition process directly.[1][8][9]
Would an acquisition require seller rollover equity, continued employment, or a specified transition period
How would clients, employees, custodial relationships, investment models, and compliance responsibilities be integrated
What size transactions and clients does Pension & Wealth Management Advisors, Inc. focus on?
The firm publicly describes serving wealthy individuals and families, institutional investors, endowments, foundations, retirement plans, business owners, professionals, executives, and employees. Its retirement advisory materials specifically address business owners, executives, and employees through services involving succession planning, 401(k) exit strategies, executive compensation, and retirement-income planning.[1][5]
PWMA announced the successful acquisition of Simpson Investment Counsel, a Lexington, Massachusetts advisory firm, on September 3, 2024. It also announced the acquisition of Devonshire Asset Management Inc., a Winchester, Massachusetts advisory practice serving high-net-worth individuals and families, on September 2, 2025.
The Devonshire announcement states that the transaction represented PWMA’s third successful acquisition in recent years. The release does not identify the other acquisition by name.[8][9]
PWMA presents M&A advisory for business owners seeking a liquidity event, add-on acquisitions, or a capital raise. The firm also states that it remains selectively open to acquisitions of advisory firms and seeks to serve as a preferred successor for advisors.[4][9]
What does Pension & Wealth Management Advisors, Inc. publicly disclose about fees, process and engagement terms?
The cited Devonshire acquisition announcement does not disclose purchase price, valuation, acquired assets under management, financing, or other consideration terms. The cited Simpson acquisition announcement likewise does not disclose those terms.
The official homepage describes an M&A practice but does not itself provide transaction values, buyer or seller identities for completed transactions, or detailed M&A engagement economics.[1][8][9]
The SEC Investment Adviser Public Disclosure record identifies Pension & Wealth Management Advisors, Inc. as CRD #309546 and SEC #801-119016. The record shows SEC registration status as Approved, with an effective date of July 6, 2020. The firm’s CRS also states that it is an investment adviser registered with the Securities and Exchange Commission.[2][3]
The CRS states that client fees for certain advisory services are payable in advance based on the value of the account at the end of the previous quarter. It also states that fees may be fixed or negotiable depending on the relationship.
The CRS does not provide the detailed fee schedule and directs readers to Form ADV Part 2A for additional fee information.[3]
Questions to ask before hiring Pension & Wealth Management Advisors, Inc.
What valuation methodology, payment structure, earn-out or retention provisions, and financing sources would apply to an advisory-firm acquisition?
Would an acquisition require seller rollover equity, continued employment, or a specified transition period?
How would clients, employees, custodial relationships, investment models, and compliance responsibilities be integrated?
What purchase-price and assets-under-management metrics applied to the Simpson and Devonshire transactions?
What geographic and client-profile criteria determine whether PWMA will pursue another acquisition?
How does PWMA distinguish its M&A advisory service for business owners from its acquisition program for advisory firms?
Sources & research notes
- Official website / firm overview
- SEC investment adviser record
- SEC filing / regulatory record
- Services / capabilities
- Services / capabilities
- Geography / market coverage
- Transaction size / criteria
- Transaction / portfolio evidence
- Transaction / portfolio evidence
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
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