U.S. Wealth Group, LLC

CRD#141062
Investment Advisor Firm

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Learn more about U.S. Wealth Group, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    U.S. Wealth Group, LLC operates as a financial advisor company located in Woodbury, New York. The company handles $116.6 million in assets over 256 client accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). U.S. Wealth Group, LLC has a small group, including 1 financial advisor. U.S. Wealth Group, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as stocks, options and bonds.

    U.S. Wealth Group, LLC manages all of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by a portfolio manager without requiring the customer's consent. The company's average account size is $455,362. The average financial advisor at U.S. Wealth Group, LLC manages about 256 client accounts.

    The company's headquarters is located at 7600 Jericho Turnpike, Woodbury, New York 11797. U.S. Wealth Group, LLC is registered to provide services to investors in the state of New York.

    Assets Under Management

    $116.6 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    7600 Jericho Turnpike
    Woodbury, NY 11797

    U.S. Wealth Group, LLC by the Numbers

    Total Assets Under Management

    $116.6 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    256

    National Average: 375,227
    Average Account Size

    $455.4 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services that U.S. Wealth Group, LLC offers can include portfolio management for individuals and small businesses and selection of other advisers. The firm does not sell products or offer services other than investment advisory services to its investment advisory clients. U.S. Wealth Group, LLC also has a number of financial industry affiliations, including with an insurance company or agency.

    Core Advisor Services

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      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.

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      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.

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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.

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    Fee Structure

    A financial advisor's fees typically are based on which services the firm provides the client. Fee types charged by U.S. Wealth Group, LLC can be comprised of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

    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 26% of firms

      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.

    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 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 company works with retail investors and high net worth investors. Out of its 256 clients, U.S. Wealth Group, LLC's largest client group is retail investors, though it also manages money for 33 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 12.89%
    • Other Individuals - 87.11%
    • 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

    U.S. Wealth Group, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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