Twelve Points Wealth Management

Twelve Points Wealth Management was established in Boston in 2014, positioning itself at the intersection of traditional wealth advisory and...

Twelve Points Wealth Management

Twelve Points Wealth Management was established in Boston in 2014, positioning itself at the intersection of traditional wealth advisory and institutional-caliber investment process. The firm is a registered investment advisor (RIA), meaning it carries a fiduciary obligation to its clients — a structural distinction from broker-dealers that aligns the firm's duties with client outcomes rather than transaction volume. Its client base includes high-net-worth individuals, multigenerational families, and charitable entities, with a focus on integrated financial planning that connects tax strategy, estate planning, and long-term portfolio construction. The firm constructs portfolios that span public equities, fixed income, and alternative investments, typically leaning on third-party fund managers and exchange-traded products for implementation. Twelve Points emphasizes model-driven asset allocation — a systematic tilt away from ad hoc security selection. The geographic focus is domestic, concentrated in New England, and the firm's investment committee draws from market conditions in Boston's deep financial-talent pool. Client portfolios are benchmarked to goals rather than indices, with withdrawal-rate modeling and tax-loss harvesting shaping ongoing rebalancing decisions. Twelve Points operates with a lean structure typical of boutique RIAs — small, partner-led teams rather than large asset-gathering machines. In early 2024, the firm remained active in community-facing financial-literacy programming, consistent with its early positioning around serving both individuals and charitable organizations. The firm's philanthropic-adjacent advisory has included structuring donor-advised funds and evaluating private-foundation portfolio allocations, services that deepen the client relationship beyond the brokerage statement. Twelve Points' structural differentiator is its broker-dealer-free, fiduciary-only architecture — a posture that eliminates product-shelf bias and allows the firm to source best-in-class investment solutions without internal product-manufacturing pressure. This independence shapes everything from manager selection to billing structure, where fee-only compensation aligns the firm's incentives with portfolio durability rather than household asset accumulation.

Website

twelvepointswealth.com

linkedin.com/company/bill-koshivas

General information

Firm type

Bank / Wealth / Trust

Year founded

2014

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Concord

Corporate office

Boston, MA, United States

Is Twelve Points Wealth Management a fiduciary?

Yes. As a registered investment advisor (RIA) regulated by the SEC or relevant state authority, Twelve Points is legally bound to a fiduciary standard under the Investment Advisers Act of 1940. This means the firm must place client interests ahead of its own, disclose conflicts, and cannot receive broker-dealer commissions that would bias product recommendations — a structural compliance posture distinct from the suitability standard applied to broker-dealers.

What types of clients does Twelve Points typically serve?

The firm's client base centers on high-net-worth individuals, multigenerational families, and charitable organizations. This mix informs an advisory model that integrates not just investment management but also estate-planning coordination, tax-aware portfolio construction, and philanthropic structuring — services that multi-generational and endowed entities disproportionately require from their wealth manager.

How does Twelve Points build client portfolios?

Twelve Points employs model-driven asset allocation that typically spans public equities, fixed income, and alternative investment strategies, implemented via third-party fund managers and exchange-traded products. Rebalancing is goal-benchmarked rather than index-benchmarked, with cash-flow modeling and tax-loss harvesting shaping timing and execution — an approach suited to cash-flow-aware private-client portfolios.

Does the firm manage direct private-market investments?

Twelve Points does not publicly promote direct private-equity or venture-capital investing. Its alternative exposure is more likely executed through pooled fund vehicles — interval funds, tender-offer funds, or liquid-alternatives ETFs — preserving the liquidity profile that aligns with private-client planning cycles and the firm's fiduciary-lean operating model.

How does the firm's fee structure work?

The firm operates on a fee-only basis, deriving compensation from advisory fees calculated as a percentage of assets under management. This eliminates commission-driven conflicts. As a boutique with no internal product manufacturing, the fee covers portfolio construction, ongoing rebalancing, and integrated financial planning — bundling investment and non-investment services into a single transparent charge.

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