Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Baron Financial Group LLC Overview
Baron Financial Group LLC is an investment advisory firm that is based in Fair Lawn, NJ. The firm has been providing its comprehensive range of investment advice services to clients since 2007. As a registered investment advisory firm, Baron Financial provides investment advice only, which is critical in establishing a certain degree of transparency in the financial services that it offers. The fee arrangement for this firm is a fee-based structure, which means that fees are charged based on the amount of services provided and the level of assets being managed. The firm offers a range of investment services, including financial planning, portfolio management for individuals and small businesses, and pension consulting services. Baron Financial Group also offers educational seminars and workshops that are geared towards empowering its clients with the knowledge and tools needed to make informed decisions about their investments. With a strong reputation for providing sound, customized financial advice to its clients, Baron Financial Group LLC stands out as a competitive and reliable option for those looking for investment advice.
BARON FINANCIAL GROUP LLC serves a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. With a wealth of experience and expertise, the firm is well-equipped to serve the distinct needs and goals of each and every client, whether that be in terms of investment strategies, financial planning, or any other related service. With considerations for the various needs of its clients, BARON FINANCIAL GROUP LLC offers a range of fee structures depending on the particular service provided. The fee structures available include a percentage of assets under management (AUM), whereby a percentage is charged based on the total value of the assets being managed. Additionally, BARON FINANCIAL GROUP LLC offers fixed fees, which are set rates charged for certain predetermined services. These fee structures allow clients to choose the payment method that best fits their financial situation and investment needs.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Baron Financial Group LLC, there is no mention of an investment minimum for the firm.
How This Office Can Help Bergen County, NJ Residents
Baron Financial Group, LLC is a financial planning firm that provides customized financial solutions to its clients in Bergen County, NJ. With an experienced team of financial advisors, the company offers expertise in areas such as retirement planning, investment management, estate planning, and more. For clients who are starting out, the firm works with them to set financial goals, create budgets and establish saving plans. This can be especially valuable for younger clients who are just beginning their careers and may not have much experience in managing their finances. For individuals who are already established, Baron Financial Group offers strategies designed to help them transition into retirement and ensure that they are financially prepared for the future. The firm also offers guidance on college savings planning, insurance, and tax planning, which can particularly benefit individuals or families in Bergen County who are grappling with the high cost of living in the area. Ultimately, Baron Financial Group takes a holistic approach to financial planning, tailoring their services to meet the specific needs of each client, and helping them navigate the unique financial challenges that come with living in Bergen County, NJ.
Services Offered by Baron Financial Group LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Baron Financial Group LLC most likely consist 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 offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Baron Financial Group LLC is registered to service clients in the following states:
- California
- Florida
- Illinois
- New Jersey
- New York
- Pennsylvania
- Texas
Disciplinary History
Baron Financial Group LLC does not have any disclosures. Please visit it's Form ADV for more details.