Foresight Global Investors, Inc

CRD#281818
Investment Advisor Firm

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Overview

Foresight Global Investors, Inc operates as a financial advisor firm located in Purchase, New York. Foresight Global Investors, Inc has $701.4 million in assets throughout 22 customer accounts, placing it among the bigger firms in the country by assets under management (AUM). The firm has a small group, including 3 financial advisors. Foresight Global Investors, Inc does not act as a registered broker-dealer, signifying that the advisor cannot 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 financial investments like bonds, options and equities.

Foresight Global Investors, Inc administers all of the firm's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments without needing to seek the customer's authorization. Foresight Global Investors, Inc's average account size is $31.9 million. The typical financial advisor at Foresight Global Investors, Inc administers about seven client accounts, making it one of the more individualized advisor firms in the country.

Foresight Global Investors, Inc's main office is located at 2900 Westchester Ave., Purchase, New York 10577. It is registered to serve investors in the state of New York.

Assets Under Management

$701.4 million

Number of Advisors

3

Disclosures

No

Office Location

2900 Westchester Ave.
Purchase, NY 10577

Foresight Global Investors, Inc by the Numbers

Total Assets Under Management

$701.4 million

National Average: $8.6 billion
Total Number of Employees

7

National Average: 64
Total Number of Accounts

22

National Average: 375,227
Average Account Size

$31.9 million

National Average: $23.0 thousand
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Fee Structure

A financial advisor's fees depend on which services the firm provides the client. Fees billed by the company typically consist of the following fee type: asset-based. The firm does not supply a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    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.

  • 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

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    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 0% of firms that offer this fee type

    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.

  • Find one of the 32% of firms that offer this fee type

    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.

  • 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

The firm caters to high net worth investors and state or municipal government entities. Out of its 22 customers, Foresight Global Investors, Inc's largest client group by number of accounts is state or municipal government entities, but it also serves nine high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management 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). None of the company's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 40.91%
  • Other Individuals - 0%
  • Corporations - 59.09%
  • 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

Foresight Global Investors, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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