Ross Financial Group

CRD#157627
Investment Advisor Firm

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Overview

Ross Financial Group is a financial advisory firm that has its headquarters in Los Angeles, California. The company administers $5.4 million in total assets across 26 customer accounts. The firm has a small group of two employees, of which 1 is a financial advisor. Ross Financial Group is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as options, stocks and bonds.

Ross Financial Group administers all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell judgments are made by a portfolio manager without requiring client permission. Ross Financial Group's typical account size is $208,536. Under $100,000 of its financial planning investments were in securities, with under $100,000 invested in non-securities. The average financial advisor at Ross Financial Group administers about 26 client accounts, making it about average in terms of personalization.

The company's headquarters is located at 611 Wilshire Blvd., Los Angeles, California 90017. Ross Financial Group is allowed to serve investors in the state of California.

Assets Under Management

$5.4 million

Number of Advisors

1

Disclosures

No

Office Location

611 Wilshire Blvd.
Los Angeles, CA 90017

Ross Financial Group by the Numbers

Total Assets Under Management

$5.4 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

26

National Average: 2,073
Average Account Size

$208.5 thousand

National Average: $1.8 million

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Fee Structure

Financial advisory fees largely vary depending on which service is offered. However, fees charged by the firm can consist of any blend of the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company. Ross Financial Group is able to withdraw the charges directly from customer accounts.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Ross Financial Group provides services to retail investors. Out of its 26 accounts, Ross Financial Group's biggest client type is retail investors. None of its accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Ross Financial Group does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Ross Financial Group

David Ross
Los Angeles, CA

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This content was compiled from the SEC and FINRA