The Patriot Financial Group, LLC
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Overview
The Patriot Financial Group, LLC is a financial advisor firm located in Westborough, Massachusetts. The company controls $1.6 billion in assets over 5,972 client accounts, making it one of the biggest firms in the country by assets under management (AUM). The company has an average-sized group, including 53 financial advisors. The Patriot Financial Group, LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as bonds, equities and options.
The Patriot Financial Group, LLC manages all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which transaction decisions are made by a portfolio manager without needing the client's permission. The company's typical account size is $272,900. An average advisor at The Patriot Financial Group, LLC manages about 113 client accounts.
The company's central office is at 182 Turnpike Road, Westborough, Massachusetts 1581. The company is legally allowed to provide services to customers across 31 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Patriot Financial Group, LLC by the Numbers
$1.6 billion
75
5,972
$272.9 thousand
Products and Services
The Patriot Financial Group, LLC offers multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the past fiscal year, The Patriot Financial Group, LLC provided financial planning services to 26-50 of its clients. It does not sell products or offer services other than investment advisory services to its investment advisory customers. The firm also has a number of financial industry affiliations, including with a lawyer or law firm and insurance company or agency.
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 for financial advice typically depend on which service is provided. However, fee types billed by the company most likely are comprised of any blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by The Patriot Financial Group, LLC.
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
The Patriot Financial Group, LLC works with a broad range of customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 5,972 clients, The Patriot Financial Group, LLC's largest client by number of accounts is retail investors, though it also serves 185 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 considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.
- High-Net-Worth Individuals* - 6.48%
- Other Individuals - 87.64%
- Corporations - 5.85%
- Charitable Organizations - 0.04%
* 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
The Patriot Financial Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at The Patriot Financial Group, LLC
Omaha, NE
Newfields, NH
Shrewsbury, MA
Westborough, MA
Shrewsbury, MA
Westborough, MA
Westborough, MA
Westborough, MA
Westborough, MA
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