# Twelve Points Wealth Management

Twelve Points Wealth Management is a Bank / Wealth / Trust based in Concord, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Concord, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** twelvepointswealth.com
- **LinkedIn:** https://www.linkedin.com/company/bill-koshivas

## Regulatory record

- **CRD number:** 171107
- **SEC file number:** 801-108967
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-01T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/171107

## About

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.

## Questions

### 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 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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Last updated: 2026-06-03T20:00:00.000Z

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