# Northeast Advisers Northeast Advisers is a Bank / Wealth / Trust based in Paoli, United States. ## Overview - **Organization type:** Bank / Wealth / Trust - **Headquarters:** Paoli, United States - **Region:** North America - **Address:** 163 W Lancaster Ave, Paoli, PA 19301, United States - **Founded:** 1998 - **Assets under management:** Undisclosed - **Website:** northeastadvisers.com ## Regulatory record - **CRD number:** 108835 - **SEC file number:** 801-57720 - **Registration status:** Registered - **Reports private funds:** No - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/108835 ## About Michael Devine established Northeast Advisers in 1998 after more than a decade of providing investment advisory services. The firm operates from a single office in Paoli, Pennsylvania and was structured from inception as an independent, fiduciary-based Registered Investment Advisor. The practice serves institutional clients and wealthy individuals, distinguishing itself by not operating under a broker-dealer umbrella — a deliberate architectural choice that places client interests ahead of product-distribution incentives. Northeast Advisers builds portfolios through a process-heavy methodology rooted in long-term asset allocation rather than tactical market timing. The advisory team constructs plans spanning equities, fixed income, and cash-equivalent sleeves, then stress-tests them through scenario analysis that includes “what if” examinations and liability modeling. Third-party custodial reporting is a core operating feature: client assets sit with an external custodian that produces independent statements and tax forms, not the advisor. The firm also coordinates estate and tax planning by working directly with a client's external CPAs and attorneys, and explicitly offers ongoing portfolio rebalancing as goals or market weights shift. The firm lists five team members on its website, with known principals Michael Devine, Becca (Cummings) Proetto, and Eric J. Bleiler. Proetto is a CPA who previously served private equity and hedge fund audit clients at KPMG's Philadelphia office; Bleiler carries dual CPA/PFS and CFP credentials. This concentration of CPA and CFP holders on a small advisory team underpins the firm's tax-aware and financial-planning-driven investment framework. Northeast Advisers maintains no additional office locations and no disclosed affiliated vehicles, philanthropic foundations, or club memberships. Its structural differentiator is the combination of an intentionally flat team, a fiduciary-only charter since 1998, and a mandatory external custodian. Most advisors of similar vintage began inside broker-dealer structures; Northeast Advisers was formed as an RIA from day one. The resulting model produces a compliance posture in which trade execution and asset custody are structurally walled off from investment advice — an architecture more commonly associated with institutional consultants than with high-net-worth practices of this size. ## Sectors - Financial Planning - Investment Advisory ## People - Michael Devine — Founder - Becca (Cummings) Proetto — CPA, CFP® - Eric J. Bleiler — CPA/PFS, CFP® - Kim Cardamone - Sarah Cardamone ## Questions ### Who runs investment decisions at Northeast Advisers? Investment strategy and portfolio construction sit with the advisory team led by founder Michael Devine. Devine has more than 25 years of experience in institutional and private-client advisory work. Two additional team members, Becca Proetto and Eric Bleiler, carry CPA designations and integrate tax-aware analysis into portfolio recommendations, but final decision-making authority on client allocations rests with the lead advisor assigned to each relationship. ### Is Northeast Advisers a broker-dealer or a fiduciary-based RIA? Northeast Advisers is an independent, fiduciary-based Registered Investment Advisor. Michael Devine established the firm under this structure in 1998, deliberately avoiding the broker-dealer model. The firm states it embraces a duty to act in clients' best interests and reinforces this through independent third-party custodial reporting rather than proprietary product distribution. ### What investment stages or asset classes does Northeast Advisers typically target? The firm's stated methodology centers on long-term, disciplined asset allocation rather than on any specific stage or niche. Published materials point to customized portfolios spanning equities, fixed income, and cash-equivalent instruments, with an emphasis on portfolio consolidation and ongoing rebalancing. There is no mention of direct private equity, venture capital, or real asset exposure as a dedicated allocation line. ### How is Northeast Advisers' tax and financial-planning capability structured? Tax awareness is embedded through headcount rather than through a separate division. Becca Proetto joined from KPMG's audit practice covering private equity, hedge funds, and mutual funds and holds a CPA license and CFP designation. Eric Bleiler is both a CPA/PFS and CFP. The firm incorporates estate, tax, and legal coordination by working alongside a client's outside accountants and attorneys to consolidate the total financial picture. ### What is Northeast Advisers' known posture on client asset custody? The firm explicitly uses a third-party custodian to safeguard client assets and produce independent statements and tax forms. This separation of advice and custody is a structural feature meant to reduce conflicts of interest. The custodian's identity is not public, but the practice aligns with standard RIA custody arrangements through national clearing and custody platforms. ## Related profiles - [North Dakota Development Fund](https://altss.com/profile/north-dakota-development-fund) - [Northeastern Star Asset Management](https://altss.com/profile/northeastern-star-asset-management) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/northeast-advisers Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology