Andover Advisory Group

Andover Advisory Group has not publicly named its key principals or investment committee members. Standard filing databases reflect a bare-minimum regulatory footprint typical of a very small or closely held RIA. Without a firm website or public disclosures, the identity of the decision-makers remains private, suggesting the firm serves a closed network where introductions happen without public credentialing.

Given the absence of a public marketing presence, Andover Advisory Group almost certainly relies on personal and professional networks to source clients. Institutional RIAs operating with this kind of discretion typically cultivate a small number of deep, multi-generational family relationships or a handful of institutional mandates. There is no public evidence of broker-dealer affiliations that would drive client acquisition through a sales force.

Public records classify Andover Advisory Group as a Registered Investment Advisor (RIA), not a dedicated single-family office. RIAs serve external clients under a fiduciary standard, which creates a legal obligation to prioritize client interests. The firm's minimal public disclosure suggests it functions more like a private family or institutional office than a broad-market asset gatherer.

The firm's regulatory designation as an RIA indicates it provides continuous advisory services, which can include discretionary management via separately managed accounts or non-discretionary consulting. However, no Form ADV details are publicly detailed here regarding the split between discretionary assets and assets under advisement. Many boutique RIAs operate exclusively as gatekeepers, recommending external managers rather than managing portfolios internally.

As an independent RIA, Andover Advisory Group is bound by a fiduciary duty to its clients, legally obligating it to act in their best interest. Large broker-dealers traditionally operate under a suitability standard for brokerage accounts, which is a lower bar. An independent RIA also typically avoids proprietary product conflicts, meaning its advice on asset allocation and manager selection can be less biased toward in-house funds.