4Thought Financial Group Inc
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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
Number of Advisors
Disclosures
Office Location
4Thought Financial Group Inc by the Numbers
$119.7 million
6
701
$170.7 thousand
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
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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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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.
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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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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 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
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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 0% of firms
Subscription
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Offered by 32% of firms
Fixed
Unavailable
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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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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