Answers to the most commonly asked questions
Firm Overview
When was your firm founded?
Tom McFarland founded Darrow Wealth Management as an independent financial advisory firm in 1987.
What types of client do you work with?
We serve high net worth individuals and families, many of whom are medical, high-tech or biotech professionals and entrepreneurs. We serve a national client base with offices in Concord and Boston, MA and Los Angeles, CA.
Investment Process
What is your investment approach?
We have a broad mandate in our investment approach and look for attractive investment returns wherever they can be found. We use a global approach in selecting opportunities and employ both passive and active investments.
Does your firm pick stocks and bonds?
Typically not. We employ a mix of passive investments such as ETFs and actively managed mutual funds to build a broadly diversified portfolio designed to withstand market volatility.
Do you use index funds or ETFs?
Yes. We incorporate them when they are the best available option.
What will happen to my existing portfolio if I transition to Darrow?
Darrow takes care of all the paperwork to move over existing accounts and tie up loose ends. We have the ability to invest in almost any type of investment and we work with your existing custodians to ensure a smooth transition. While we are likely to recommend changes to your portfolio to improve its risk/return characteristics, we try to incorporate existing managers and positions where appropriate and are likely to implement the changes over time so as to minimize any disruption and tax consequences to the portfolio.
Client Service
Who will I work with at Darrow?
Darrow’s proactive team approach means that any of our seasoned financial planning and investment management experts are available to answer your concerns.
How can I view my investment performance and holdings?
You may view your accounts and performance at any time via Darrow’s secure client portal. You will also be able to review your holdings daily through our third party custodian’s website.
How is your firm compensated?
As fee-only advisors we are compensated only by our clients. We do not receive compensation from any of our managers or the investments we make, or from our custodians. We do not receive any commissions from transactions.
What are your fees?
For asset management and ongoing advisory services, our fees are based on assets under management. The annual fee for most equity portfolios between $500,000 and $2,000,000 is one percent of assets under management. The fee percentage decreases as the asset level increases. Fees may be reduced at Darrow’s sole discretion. For more information, see our disclosure page.
The preparation of a financial model for Darrow Private Wealth Management clients is a flat fee of $5,000.
What is included in your fees?
Our wealth management fees are all-inclusive. We do not bill for additional advice or services within the standard scope of wealth management.
What is a fiduciary duty?
As a registered investment advisor, Darrow Wealth Management has a fiduciary obligation to act at all times for the sole benefit and interest of our clients. This is the highest act of loyalty, trust and care as established by law.
