93 Financial Group, LLC
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Overview
93 Financial Group, LLC operates as a financial advisor firm that has its headquarters in Woburn, Massachusetts. The company administers $563.7 million in assets under management across 2,397 accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). The firm has a small team, including 5 financial advisors. 93 Financial Group, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as options, bonds and stocks.
93 Financial Group, LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell judgments for the client's account are made by an investment advisor without requiring client authorization. The firm oversees roughly $235,167 for every customer account. The typical financial advisor at 93 Financial Group, LLC administers around 479 client accounts.
The firm's headquarters is located at 600 Unicorn Park Drive, Woburn, Massachusetts 1801. The company is permitted to serve customers across 9 states, including California, Connecticut, Florida, Maine, Massachusetts, New Hampshire, Pennsylvania, Rhode Island and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
93 Financial Group, LLC by the Numbers
$563.7 million
8
2,397
$235.2 thousand
Products and Services
Financial services that 93 Financial Group, LLC offers can include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, 93 Financial Group, LLC provided financial planning services to 11-25 of its customers. 93 Financial Group, LLC is involved in selling products or offering services aside from investment advisory services to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees largely depend on the financial services provided. However, fees billed by 93 Financial Group, LLC typically consist of the following fee structure: asset-based. 93 Financial Group, LLC does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It provides services to retail investors and high net worth investors. Out of its 2,397 customers, 93 Financial Group, LLC's biggest client type by number of accounts is retail investors, although it also serves 136 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are non-U.S. persons.
- High-Net-Worth Individuals* - 11.81%
- Other Individuals - 88.19%
- 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
93 Financial Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at 93 Financial Group, LLC
Woburn, MA
Woburn, MA
Woburn, MA
Woburn, MA
Woburn, MA
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