The Genwealth Group, Inc
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Overview
The Genwealth Group, Inc operates as an advisory firm based in Maplewood, New Jersey. The company manages $355.2 million in assets under management throughout 702 client accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). The company has a small group, including 3 financial advisors. The Genwealth Group, Inc does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like bonds, equities and options.
The Genwealth Group, Inc administers all of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell choices are made by a portfolio manager without requiring the client's approval. The Genwealth Group, Inc's average account size is $505,937. An average financial advisor at The Genwealth Group, Inc oversees around 234 client accounts.
The company's central office is at 6 Inwood Place, Maplewood, New Jersey 7040. The Genwealth Group, Inc is permitted to provide services to investors throughout a few states, including Florida, Pennsylvania, New York and New Jersey.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Genwealth Group, Inc by the Numbers
$355.2 million
7
702
$505.9 thousand
Products and Services
The Genwealth Group, Inc provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, publication of newsletters and educational seminars. In the prior fiscal year, the company provided 101-250 of its accounts with financial planning services. The Genwealth Group, Inc does not sell products or offer services apart from investment advice to its investment advisory customers. The company also has a number of financial industry affiliations, including with an insurance company or agency.
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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Find a firm that offers this service
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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Find a firm that offers this service
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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Offered by 3% of firms
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
A financial advisor's fees depend on which services are offered. However, fees charged by the firm likely consist of the following fee structures: asset-based or fixed. The firm does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to retail investors and high net worth investors. Out of its 702 clients, The Genwealth Group, Inc's largest client group by number of accounts is retail investors, although it also manages money for 108 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients reside abroad.
- High-Net-Worth Individuals* - 44.63%
- Other Individuals - 55.37%
- 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
The Genwealth Group, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at The Genwealth Group, Inc
Maplewood, NJ
Maplewood, NJ
Maplewood, NJ
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