Weiss Financial Group LLC
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Overview
Weiss Financial Group LLC operates as an advisory company based in Mahopac, New York. It handles $61.2 million in assets throughout 258 accounts. The firm has a small group, including 2 financial advisors. Weiss Financial Group LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as options, bonds and stocks.
Weiss Financial Group LLC manages more than half of the firm's accounts in a discretionary manner. Discretionary management means that transaction judgments for the client's account are made by an investment advisor without needing the client's consent. It also has three non-discretionary accounts totaling $850,000 in assets. Weiss Financial Group LLC manages about $237,270 in assets for each customer account. The typical financial advisor at Weiss Financial Group LLC oversees about 129 client accounts.
Weiss Financial Group LLC's headquarters is at 704 Route 6, Mahopac, New York 10541. Weiss Financial Group LLC is legally permitted to serve customers throughout 3 states, including Connecticut, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Weiss Financial Group LLC by the Numbers
$61.2 million
2
258
$237.3 thousand
Products and Services
Weiss Financial Group LLC provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the prior financial year, Weiss Financial Group LLC provided financial planning services to 1-10 of its accounts. The firm does not sell products or offer services other than investment advisory services to its investment advisory clients. Weiss Financial Group LLC is also affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm.
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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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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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
Fees charged by financial advisors vary depending on which services are offered. Fee types charged by Weiss Financial Group LLC most likely are comprised of the following fee structures: asset-based, hourly or fixed. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive 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 32% of firms
Fixed
Unavailable
Types of Clients
Weiss Financial Group LLC provides services to retail investors, high net worth investors, pension plans and corporations. Out of its 258 customers, Weiss Financial Group LLC's biggest client is retail investors, but it also serves 27 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $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 from outside of the U.S.
- High-Net-Worth Individuals* - 24.55%
- Other Individuals - 71.82%
- Corporations - 3.64%
- 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
Weiss Financial Group LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Weiss Financial Group LLC
Mahopac, NY
Mahopac, NY
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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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