Sgroi Wealth Advisory Group LLC
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Overview
Sgroi Wealth Advisory Group LLC operates as a financial advisor company headquartered in Buffalo, New York. The company oversees $691.6 million in total assets throughout 5,085 accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). The firm has a small group, including 12 financial advisors. Sgroi Wealth Advisory Group LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments such as bonds, options and stocks.
Sgroi Wealth Advisory Group LLC manages all of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction judgments for the client's account without needing client approval. Sgroi Wealth Advisory Group LLC oversees about $136,017 in assets for each account. The typical financial advisor at Sgroi Wealth Advisory Group LLC administers about 424 client accounts.
The company's central office is at 965 Union Road, Buffalo, New York 14224. The firm is legally registered to serve investors across 9 states, including Florida, Georgia, Illinois, New York, North Carolina, Pennsylvania, South Carolina, Tennessee and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sgroi Wealth Advisory Group LLC by the Numbers
$691.6 million
22
5,085
$136.0 thousand
Products and Services
Sgroi Wealth Advisory Group LLC provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the past financial year, it provided 3500 of its accounts with financial planning services. The firm does sell products or offer services apart from investment advice 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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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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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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees usually are based on which services are provided. Fees billed by the firm typically consist of the following fee type: asset-based. Sgroi Wealth Advisory Group LLC does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with retail investors and high net worth investors. Out of its 5,085 customers, Sgroi Wealth Advisory Group LLC's largest client group is retail investors, but it also serves 69 high-net-worth individuals. A high-net-worth individual is defined by the SEC 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 firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 1.84%
- Other Individuals - 98.16%
- 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
Sgroi Wealth Advisory Group LLC does not have any disclosures.
Please visit its Form ADV for more details.
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