Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Brio Financial Group Overview
Brio Financial Group is a fee-only registered investment advisory firm headquartered in San Francisco, California. The company has been in business since 2017 and specializes in providing investment advice to both individuals and small businesses. As a fee-only firm, Brio Financial Group does not charge commissions or earn money on the sale of investment products; instead, clients pay a flat fee for the services they receive. This ensures that the advice provided is unbiased and in the clients' best interests. Brio Financial Group offers a range of services, including financial planning, portfolio management, and pension consulting for businesses or institutional clients. The firm's team of experienced financial professionals works closely with clients to understand their unique needs and goals and develop personalized investment strategies that can help them achieve their objectives. Whether clients need help with retirement planning, investment management, or risk management, Brio Financial Group is committed to delivering the highest quality advice and support. In addition to its core services, Brio Financial Group also offers a selection of other advisors who can provide specialized expertise in areas such as tax planning, estate planning, and insurance. By leveraging a diverse network of professionals with different areas of expertise, Brio Financial Group is able to offer clients a comprehensive suite of financial services that can help them navigate even the most complex financial challenges.
With a wide range of clients ranging from individuals to high net worth individuals, BRIO FINANCIAL GROUP offers their financial services for clients from all walks of life. Through their extensive experience and knowledge, the firm provides a range of financial advising and wealth management solutions that are tailored to meet each client's specific needs and goals. Whether it is retirement planning, investment management, or tax planning, the firm is dedicated to delivering exceptional financial services that maximize their clients' financial success. BRIO FINANCIAL GROUP also provides flexible fee structures that align with the needs of their clients. The firm offers a percentage of Assets Under Management (AUM) fee for clients who require comprehensive financial management solutions. This fee is based on the total value of assets that the firm manages for the client, and it is typically charged annually. For clients who need more specific services, BRIO FINANCIAL GROUP offers hourly fees that allow them to pay for financial advising services based on the time spent with a financial advisor. Additionally, the firm provides fixed fees for specific services, such as tax preparation or estate planning. With their diverse range of fee structures, BRIO FINANCIAL GROUP provides their clients with the convenience and flexibility that they require to achieve their financial goals.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Brio Financial Group does not mention an investment minimum requirement for opening and maintaining an account. It states that the firm does not impose any requirements for engaging their services but reserves the right to accept or decline a potential client at their discretion. Therefore, it is best to contact Brio Financial Group directly to inquire about their investment minimums.
How This Office Can Help Somerville, NJ Residents
Brio Financial Group offers a range of financial services to individuals living in Somerville, NJ. Many clients come to Brio seeking assistance with retirement planning, investment management, and tax planning. This is particularly important given the uncertainty surrounding Social Security and the increase in life expectancy. Brio works with clients to develop personalized plans that help them achieve their long-term financial goals, whether that be saving for retirement or generating income in retirement. In addition, many clients in Somerville may also be facing challenges related to debt and credit. Brio offers solutions such as debt consolidation and budgeting, as well as credit monitoring and repair services. This can be especially important for younger clients who are just starting out in their careers and may be struggling to pay off student loans or build up their credit. Overall, Brio Financial Group is committed to helping clients in Somerville and the surrounding areas achieve financial security and peace of mind. So, they can focus on enjoying their lives and building a successful future.
Services Offered by Brio Financial Group
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 Brio Financial Group 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.
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.
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
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
Brio Financial Group is registered to service clients in the following states:
- California
- Colorado
- Florida
- New York
- North Carolina
- Oregon
- Texas
- Washington
Disciplinary History
Brio Financial Group does not have any disclosures. Please visit it's Form ADV for more details.