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Andrew Novelline joined Abbot Financial Management in September 1999 as an investment advisor. Prior to that, he spent two years working for Thomas Real Estate Advisors, Inc. in San Francisco as a financial analyst and project manager. He worked extensively on projects for the Pacific Stock Exchange and Stanford University. He also worked at First Call Corp. in Boston as a research analyst.

Mr. Novelline is actively involved in the day-to-day management of client portfolios and assists in the firm’s research efforts. He conducts periodic reviews with clients and is also responsible for the internal operations of the firm.

Mr. Novelline is a graduate of Boston College’s Carroll School of Management. He has been awarded his Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analyst Society and the CFA Institute.


Andrew J Novelline, CFA


William T. Novelline graduated from Boston College with a B.A. degree in economics in 1962.  After graduating the University of Chicago Business School he began his career in finance with Loomis Sayles, a leading Boston-based investment counseling firm.  In 1973 he joined David L. Babson & Co. of Boston, where he served as a Senior Investment Analyst.

Mr. Novelline founded Abbot Financial Management in 1983, with the primary focus of providing investment counseling to individuals and smaller entities.  Client service and communication are paramount in Mr. Novelline’s business philosophy.

Mr. Novelline believes in remaining informed about the latest trends in the field of investment management.  He was awarded the Chartered Financial Analyst (CFA) designation and is a member of the Boston Security Analyst Society and the CFA Institute.  He is also a founder and past president of the Bank Analyst Society of Boston.

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William T. Novelline, Jr., CFA


Robert A. McLemore  is responsible for the day-to-day management of client portfolios. He conducts periodic reviews of accounts with clients and updates their investment objectives in one-on-one meetings, and assists in the firms’ research efforts.

Mr. McLemore has been in the investment business since 1984.  Before joining Abbot Financial Management in May 2000, he was a Financial Consultant with Solomon Smith Barney for thirteen years.  While there, he worked with high net worth clients and business owners, and has experience in the equities and fixed income markets.  Prior to that, he was an Account Executive with Merrill Lynch & Co. for three years.

Before entering the investment business, Mr. McLemore was President of International Energy Engineering, Inc., a firm that provided consulting services to the electric power generation industry, as well as various other commercial and industrial clients.  He is a graduate of Wentworth Institute and is a Registered Professional Engineer.


Robert A. McLemore

Dennis C. Wassung joined Abbot Financial Management in June 2019 as a Portfolio Manager and Wealth Advisor.  Dennis has 20 years of experience in the investment management industry, specializing in portfolio management, investment analysis and research. 


Dennis recently spent two years building a wealth management practice at Essex Private Wealth Management (formerly Huntwicke Advisors).  Prior to Essex Private, Dennis spent eight years at Cabot Wealth Management as a global portfolio manager and equity analyst, managing over $120 million in separate accounts for high net worth clients.

Before moving into the wealth management industry with Cabot over 10 years ago, Dennis spent eight years as an equity research analyst, covering technology stocks at Canaccord Genuity (formerly Adams, Harkness & Hill) in Boston.  Prior to his career in the investment management industry, Dennis spent six years as a mechanical design and manufacturing engineer at Teradyne.

Dennis graduated from Rensselaer Polytechnic Institute with a Bachelor of Science in Mechanical Engineering,  and earned an MBA from the University of Southern California Marshall School of Business.  He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and CFA Society Boston.

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Dennis C. Wassung, Jr., CFA

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