Peter Somich is a CFA, CFP-designated registered investment advisor at Modera Wealth Management, LLC, based in Boston, MA, with 11 years of industry experience. Peter operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 6,106 clients with $16B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Modera Wealth Management offers wealth management and portfolio management services. You'll pay an annual fee based on the value of the assets they manage.
The annual fee ranges from 0.15% to 1.00% for wealth management and 0.10% to 0.80% for portfolio management. The minimum quarterly fee is generally between $2,500 and $5,000 for wealth management and between $2,000 and $4,000 for portfolio management. These minimums can cause smaller accounts to pay higher percentage fees.
Contact
Peter Somich
Location
535 Boylston Street, Boston, MA, 02116
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
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Current Registrations
Modera Wealth Management, LLC
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
Additional Information
PROFESSIONAL EXPERIENCE - Peter graduated from Boston College with a Bachelor of Arts degree in mathematics and economics, and went on to earn a Master of Science in finance from Syracuse University. Peter holds the Chartered Financial Analyst® certification, the Certified Financial Planner™ certification and a Series 65 License. He is a member of the Boston Security Analysts Society, National Association of Personal Financial Advisors (NAPFA) as well as NAPFA Genesis.