4Thought Financial Group Inc

CRD#162997
Investment Advisor Firm

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Overview

4Thought Financial Group Inc operates as an advisory firm headquartered in Syosset, New York. The company administers $119.7 million in total assets over 701 client accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). It has a small group, including 5 financial advisors. 4Thought Financial Group Inc is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as bonds, stocks and options.

4Thought Financial Group Inc manages most of its client assets in a discretionary manner. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without needing client consent. 4Thought Financial Group Inc also manages 22 non-discretionary accounts with a total of $3.8 million in AUM. The company's typical account size is $170,730. The average advisor at 4Thought Financial Group Inc manages about 140 client accounts.

The company's central office is located at 6851 Jericho Turnpike, Syosset, New York 11791. 4Thought Financial Group Inc is permitted to serve customers throughout a number of states, including California, Connecticut, Florida, Massachusetts, New Jersey and New York.

Assets Under Management

$119.7 million

Number of Advisors

5

Disclosures

No

Office Location

6851 Jericho Turnpike
Syosset, NY 11791

4Thought Financial Group Inc by the Numbers

Total Assets Under Management

$119.7 million

National Average: $8.6 billion
Total Number of Employees

6

National Average: 64
Total Number of Accounts

701

National Average: 375,227
Average Account Size

$170.7 thousand

National Average: $23.0 thousand
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Products and Services

4Thought Financial Group Inc offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and publication of newsletters. In the prior fiscal year, the firm provided 11-25 of its customers with financial planning services. It does sell products or offer services apart from investment advice to its clients. The company also has a number of financial industry affiliations, including with an insurance company or agency.

Core Advisor Services

  • 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.

  • 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.

  • 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

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 3% of firms

    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.

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Fee Structure

A financial advisor's fees largely depend on which service is offered. However, fees charged by 4Thought Financial Group Inc likely include any combination of the following fee structures: asset-based, hourly or fixed. 4Thought Financial Group Inc participates in a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 69% 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 21% 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.

  • Offered by 0% of firms

    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.

  • Offered by 32% of firms

    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.

Unavailable

  • Find one of the 1% 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 26% 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 10% 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

It provides services to retail investors, pension plans and corporations. Out of its 701 clients, 4Thought Financial Group Inc's largest client group is retail investors. None of the firm's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 86.76%
  • Corporations - 13.24%
  • 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

4Thought Financial Group Inc does not have any disclosures.

Please visit its Form ADV for more details.

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