Main Line Group Wealth Management, LLC

CRD#150964
Investment Advisor Firm

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Overview

Main Line Group Wealth Management, LLC operates as a financial advisory company headquartered in Conshohocken, Pennsylvania. It administers $72.5 million in assets across 241 accounts. The firm has a small team of two employees, all of whom are financial advisors. Main Line Group Wealth Management, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as options, stocks and bonds.

Main Line Group Wealth Management, LLC oversees the majority of the company's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments without requiring the customer's consent. The firm also has one non-discretionary accounts with a total of $100,325 in AUM. The advisory firm's average account size is $300,813. $64,000,000 of its investments for financial planning services were in securities, with under $100,000 invested in non-securities. The typical advisor at Main Line Group Wealth Management, LLC administers around 121 client accounts.

The firm's headquarters is at 101 W Elm St, Conshohocken, Pennsylvania 19428. The firm is registered to provide services to investors across 2 states, including New Jersey and Pennsylvania.

Assets Under Management

$72.5 million

Number of Advisors

2

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

No

Office Location

101 W Elm St
Conshohocken, PA 19428

Main Line Group Wealth Management, LLC by the Numbers

Total Assets Under Management

$72.5 million

National Average: $3.3 billion
Total Number of Employees

2

National Average: 4,943
Total Number of Accounts

241

National Average: 2,522
Average Account Size

$300.8 thousand

National Average: $1.3 million

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Products and Services

Main Line Group Wealth Management, LLC provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the last fiscal year, it provided financial planning services to 26-50 of its accounts. Main Line Group Wealth Management, LLC does not sell products or offer services other than investment advisory services to its investment advisory customers.

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 63% 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 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.

  • Find a firm that offers this service

    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

Financial management fees usually vary depending on the services offered. Fee types billed by the company likely include any combination of the following fee types: asset-based, hourly or fixed. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee. The firm has the ability to withdraw its charges directly from customer accounts.

Available

  • Offered by 75% 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 37% 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 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 3% 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 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 company works with retail investors and high net worth investors. Out of its 241 clients, Main Line Group Wealth Management, LLC's biggest client group is retail investors, though it also manages money for 32 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $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 represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 42.11%
  • Other Individuals - 57.89%
  • 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

Main Line Group Wealth Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Main Line Group Wealth Management, LLC

Douglas Kobak
Conshohocken, PA

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This content was compiled from the SEC and FINRA