The Windmill Group, Inc
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Overview
The Windmill Group, Inc operates as a financial advisor company that has its headquarters in Somers, New York. The firm has $40.3 million in assets under management throughout 205 customer accounts. It has a small team, including 3 financial advisors. The Windmill Group, Inc is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, bonds and stocks.
The Windmill Group, Inc oversees all of the company's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction choices without requiring client consent. The investment advisory firm manages an average of $196,585 for every client account. The typical advisor at The Windmill Group, Inc manages around 68 client accounts, making it about average in terms of personalization.
The firm's main office is at 253 Route 202, Somers, New York 10589. The firm is permitted to serve investors across 5 states, including Connecticut, Florida, Massachusetts, New York and Rhode Island.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Windmill Group, Inc by the Numbers
$40.3 million
5
205
$196.6 thousand
Products and Services
Services that The Windmill Group, Inc provides can include financial planning services and portfolio management for individuals and small businesses. In the prior financial year, The Windmill Group, Inc provided 11-25 of its customers with financial planning services. The Windmill Group, Inc is involved in selling products or offering services aside from investment advisory services to its clients. It is affiliated with a number of other companies in the financial services industry, including with an 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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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
A financial advisor's fees usually are based on which services the firm provides the client. Fee types billed by the firm most likely are comprised of any blend of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
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
It works with retail investors and high net worth investors. Out of its 205 customers, The Windmill Group, Inc's biggest client by number of accounts is retail investors, though it also manages money for four high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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 its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 1.95%
- Other Individuals - 98.05%
- 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
The Windmill Group, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at The Windmill Group, Inc
North Kingstown, RI
Somers, NY
Somers, NY
Somers, NY
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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.
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