Nick Silva

Owner and Co-Founder of ProWealth

 

Passion and purpose.
Owner and Co-Founder of ProWealth 

  • Five Star Wealth Manager1 2017, 2018, 2019, 2020, 2021 – recognized in Forbes Magazine, the Wall Street Journal, and Boston Magazine
     
  • Five Star 40 under 40 Wealth Managers1 award winner 2020  – recognized in Fortune Magazine
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I grew up in Massachusetts and continue to reside here now with my beautiful wife, Alyssa, and our amazing one-year-old son, Nicholas. 

My fascination and passion for economics and finance began in my freshman year at St. John's Prep High School and continued to grow throughout my college years at Bentley University, where I majored in Economics and Finance. My interest and education in the industry helped me jump start a career in financial services beginning back in 2009. 

Over the years, with the help of my team, we have grown into a full-fledged financial services practice helping clients achieve better lives through better money decisions. 

Outside of financial services, here are some personal and fun facts about me:

  • I am proud to serve on the board of the Boys & Girls Club of Greater Salem. I was also a youth member of this club as a child and a volunteer worker as a teenager.
     
  • My family is extremely important to me. I cherish spending down time with my son and wife, and enjoy playing competitive yard games with our large extended family. 
     
  • Although I played lacrosse at Bentley University, basketball is my favorite sport. I continue to play competitively in men's leagues and tournaments across the state. (I'm 6'4 and good if you ever need an extra player.)
     
  • I enjoy golf, but need to work on my game. It is a slow work in progress.
     
  • I love to eat and I love to work out, luckily those things complement each other when done correctly.

At ProWealth, my specific focus is helping physicians, business owners, and executives clarify and achieve their ideal lifestyles, both now and in retirement, through ongoing financial guidance. 

Please feel more than welcome to reach out with any questions about your financial situation and goals, or if you prefer, to schedule a complimentary introductory call. It all starts with a conversation!

 

1 The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional's consumer complaint process; feedback may not be representative of any one clients' experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 3,580 Boston wealth managers were considered for the award; 463 (13% of candidates) were named 2020 Five Star Wealth Managers. 2019: 3,619 considered, 566 winners; 2018: 2,819 considered, 532 winners; 2017: 2,467 considered, 623 winners; 2016: 2,530 considered, 632 winners; 2015: 3,542 considered, 801 winners; 2014: 1,707 considered, 655 winners; 2013: 2,362 considered, 713 winners; 2012: 2,591 considered, 454 winners.

Phone 781.392.1767
Mobile Phone 781.392.1767