Shapiro Financial Security Group, Inc
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Overview
Shapiro Financial Security Group, Inc operates as an advisory firm based in Hazlet, New Jersey. The firm administers $105.2 million in assets under management throughout 525 customer accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Shapiro Financial Security Group, Inc has a small team, including 2 financial advisors. Shapiro Financial Security Group, Inc does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as equities, bonds and options.
Shapiro Financial Security Group, Inc administers most of the company's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell choices without needing the client's approval. It also administers 43 non-discretionary accounts totaling $12.0 million in AUM. The investment advisory firm oversees an average of $200,316 for every customer account. The average advisor at Shapiro Financial Security Group, Inc manages about 263 client accounts.
Shapiro Financial Security Group, Inc's main office is at 1 Bethany Road, Hazlet, New Jersey 7730. It is legally allowed to serve customers across a number of states, including New Jersey and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Shapiro Financial Security Group, Inc by the Numbers
$105.2 million
6
525
$200.3 thousand
Products and Services
Shapiro Financial Security Group, Inc provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and educational seminars. In the past fiscal year, the firm provided financial planning services to 11-25 of its accounts. It does sell products or offer services aside from investment advisory services to its customers.
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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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on which services the firm provides the client. However, fees billed by Shapiro Financial Security Group, Inc likely include some combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Shapiro Financial Security Group, Inc provides services to retail investors. Out of its 525 customers, Shapiro Financial Security Group, Inc's largest client is retail investors. None of the firm's clients reside abroad.
- 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
Shapiro Financial Security Group, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Shapiro Financial Security Group, Inc
Hazlet, NJ
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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