Synergy Investment Group, LLC

CRD#46035
Investment Advisor Firm

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Overview

Synergy Investment Group, LLC operates as an advisory company that has its headquarters in Kannapolis, North Carolina. The company oversees $32.9 million in assets under management over 280 accounts. It has a small team of eight employees, including four financial advisors. Synergy Investment Group, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like bonds, equities and options.

Synergy Investment Group, LLC administers all of its accounts on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell decisions for the client's account without needing to seek the customer's consent. The company manages an average of $117,497 for each customer account. Under $100,000 of their financial planning investments were in securities, with under $100,000 invested in non-securities. An average advisor at Synergy Investment Group, LLC administers around 70 client accounts, placing it towards the middle in terms of personalization.

Synergy Investment Group, LLC's headquarters is located at 708 Mclain Road, Kannapolis, North Carolina 28083. The firm is allowed to provide services to customers across a number of states, including Colorado, North Carolina, Pennsylvania and Wyoming.

Assets Under Management

$32.9 million

Number of Advisors

4

Disclosures

No

Office Location

708 Mclain Road
Kannapolis, NC 28083

Synergy Investment Group, LLC by the Numbers

Total Assets Under Management

$32.9 million

National Average: $3.7 billion
Total Number of Employees

8

National Average: 29
Total Number of Accounts

280

National Average: 2,073
Average Account Size

$117.5 thousand

National Average: $1.8 million

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Products and Services

Synergy Investment Group, LLC provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, Synergy Investment Group, LLC provided 1-10 of its customers with financial planning services. The firm does sell products or offer services aside from investment advisory services to its clients. The company is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

Core Advisor Services

  • Offered by 45% 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.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • 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

  • Offered by 23% 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 depend on the financial services offered. Fee types charged by the firm may include the following fee structures: asset-based, hourly, fixed or commission-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Synergy Investment Group, LLC. The company can withdraw the expenses directly from client accounts.

Available

  • Offered by 74% 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 35% of firms

    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.

  • Offered by 2% of firms

    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.

  • Offered by 40% of firms

    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.

Unavailable

  • Find one of the 17% of firms that offer this fee type

    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.

  • Find one of the 1% 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 12% 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 works with retail investors. Out of its 280 clients, Synergy Investment Group, LLC's largest client type is retail investors. None of the firm's accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • 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

Synergy Investment Group, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Synergy Investment Group, LLC

Jeffrey Vaughn
Kannapolis, NC
Joseph Hayes
Kannapolis, NC
Kenneth Eirkson
Kannapolis, NC
Tonimarie Vaughan
Kannapolis, NC
Michael Dipuppo
Kannapolis, NC
Robert Dipuppo
Kannapolis, NC

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.