Next Financial Group, Inc

CRD#46214
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

Next Financial Group, Inc is a financial advisory firm located in Houston, Texas. Next Financial Group, Inc has $2.9 billion in assets across 16,162 accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). The firm has a large group, including 410 financial advisors. Next Financial Group, Inc does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments like equities, options and bonds.

Next Financial Group, Inc administers 15,853 of the company's client assets in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make transaction choices for the client's account without needing client permission. It also has 309 non-discretionary accounts totaling $13.4 million in assets. The advisory firm manages roughly $180,612 in assets for each customer account. The typical advisor at Next Financial Group, Inc administers around 39 client accounts, placing it towards the middle in terms of personalization.

The firm's main office is located at 11740 Katy Freeway, Houston, Texas 77079. The company is legally allowed to serve clients across 51 U.S. states and territories.

Assets Under Management

$2.9 billion

Number of Advisors

410

Disclosures

No

Office Location

11740 Katy Freeway
Houston, TX 77079

Next Financial Group, Inc by the Numbers

Total Assets Under Management

$2.9 billion

National Average: $8.6 billion
Total Number of Employees

587

National Average: 64
Total Number of Accounts

16,162

National Average: 375,227
Average Account Size

$180.6 thousand

National Average: $23.0 thousand
Back to Overview
Back to Overview

Products and Services

Next Financial Group, Inc provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the prior fiscal year, Next Financial Group, Inc provided 251-500 of its clients with financial planning services. It is involved in selling products or offering services other than investment advice to its clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and insurance company or agency.

Core Advisor Services

  • 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.

  • 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.

  • 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 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.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

Back to Overview

Fee Structure

Fees for financial advice usually vary depending on which services the firm provides the client. Fee types billed by the firm likely include any blend of the following fee structures: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.

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 21% 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 32% 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.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • 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 26% 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 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.

Back to Overview

Types of Clients

The company does business with a broad range of investors. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 16,162 clients, Next Financial Group, Inc's largest client is retail investors, but it also caters to 783 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 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 company's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 4.84%
  • Other Individuals - 94.31%
  • Corporations - 0.56%
  • Charitable Organizations - 0.29%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

Find an advisor who will work directly with you

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Disclosures

Next Financial Group, Inc does not have any disclosures.

Please visit its Form ADV for more details.

Back to Overview
Back to Overview

Find a financial advisor near you

If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

Back to Overview

Financial Advisors at Next Financial Group, Inc

Ryan Delcarlo
Sacramento, CA
Brianne Kokemuller
Altoona, PA
Matthew Giese
Waterford, WI
Steven Carlson
Canton, OH
Erik Truxal
Sacramento, CA
Bradley Laczny
Roseville, CA
Jason Pfitzinger
Chesterfield, MO
Peter Gutschenritter
Atlanta, GA
Ryan Hussey
Ravena, NY

Not sure which advisor is right for you? Use our matching tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today

Back to Overview

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.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

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 the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.