Northeast Financial Group, Inc
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Learn more about Northeast Financial Group, Inc
Northeast Financial Group, Inc is a financial advisor firm that has its headquarters in Tannersville, Pennsylvania. Northeast Financial Group, Inc oversees $775.1 million in assets under management throughout 1,524 customer accounts, making it one of the bigger investment advisory firms in the nation by assets under management (AUM). The firm has a small team, including 7 financial advisors. Northeast Financial Group, Inc 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 tradable financial investments like bonds, equities and options.
Northeast Financial Group, Inc oversees most of the firm's client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction choices for the client's account without requiring client approval. The firm also oversees 108 non-discretionary accounts totaling $385.8 million in assets under management. The company's typical account size is $508,574. The typical financial advisor at Northeast Financial Group, Inc administers about 218 client accounts.
The firm's headquarters is at 2813 Route 611, Tannersville, Pennsylvania 18372. It is legally allowed to provide services to clients across 6 states, including Delaware, Illinois, Maryland, New Jersey, New York and Pennsylvania.
Assets Under Management
Number of Advisors
Northeast Financial Group, Inc by the Numbers
Products and Services
Northeast Financial Group, Inc provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the past financial year, it provided financial planning services to 11-25 of its customers. The company is engaged in selling products or offering services other than investment advisory services to its customers.
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
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.
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
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial management largely depend on which services the firm provides the client. However, fee types billed by the company likely are comprised of the following fee structures: asset-based, hourly, fixed or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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
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 26% of firms
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.
Offered by 32% of firms
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 1% of firms that offer this fee type
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
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 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company manages money for a broad range of investors. The firm works with retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers and corporations. Out of its 1,524 customers, Northeast Financial Group, Inc's largest client type is retail investors, though it also serves 108 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 12.63%
- Other Individuals - 72.28%
- Corporations - 14.97%
- Charitable Organizations - 0.12%
* 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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Northeast Financial Group, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Northeast Financial Group, Inc
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