Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- 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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Sloan Advisory Group, Inc. Overview
Sloan Advisory Group, Inc. is a fee-only Registered Investment Advisory firm based in Glens Falls, New York. The firm has been in business since 2016 and has established a reputation for providing quality investment advice to its clients. As a fee-only firm, Sloan Advisory Group is committed to acting in the best interests of its clients and does not receive commissions for recommending specific products. The firm specializes in investment advice only and offers a range of services, including financial planning, portfolio management for individuals and small businesses, and educational seminars and workshops. The team at Sloan Advisory Group has extensive experience in the financial industry and is dedicated to providing personalized and strategic advice to help clients achieve their financial goals. Headquartered in Glens Falls, New York, Sloan Advisory Group is well positioned to serve clients throughout the region. The firm takes a holistic approach to financial planning, taking into account each client's unique financial situation and goals. Whether you are an individual looking to grow your wealth or a small business owner seeking guidance on managing your investments, Sloan Advisory Group can help.
Sloan Advisory Group, Inc. has successfully built a reputation for providing exceptional financial advisory services to various types of clients. These include businesses, high net worth individuals, and regular individuals in need of financial guidance. The firm caters to the financial needs of its clients by putting together comprehensive financial plans that align with their individual goals and objectives. Whether it's through investment management or portfolio analysis, the team at Sloan Advisory Group, Inc. is well-equipped to deliver quality advice and guidance to all their clients. As for fee structures, Sloan Advisory Group, Inc. offers clients different options depending on the service provided. The firm charges a percentage of assets under management (AUM) for investment management that can range from 1%-2% of AUM. This fee structure gives the company an incentive to perform well since its compensation grows with the client’s portfolio. Alternatively, the firm also offers hourly rates for consulting and project-based engagements. This is a suitable option when dealing with identifiable and discrete issues with distinct timeframes. Finally, the firm offers a fixed-fee structure for long-term engagements, which is generally appropriate for clients that require fundamental assistance in planning, such as estate planning and retirement planning, that may require an ongoing relationship with the firm. The various fee structures offered by Sloan Advisory Group, Inc. assure clients of transparency and accountability, ensuring that the firm will work with them to create a customized financial plan that suits their needs and budget.
Typical Clients, Fee Structures & Investment Minimum
Sloan Advisory Group, Inc. has an investment minimum of $100,000 as stated in their Part 2 Brochure. The brochure notes that this amount may be negotiable based on individual circumstances. Clients who wish to participate in the wrap fee program are required to submit an account application, portfolio management agreement, and questionnaire in order to be considered.
How This Office Can Help Warren County, NY Residents
Sloan Advisory Group, Inc. is a financial consulting firm that provides a wide range of services to clients in Warren County, NY. The company is committed to helping its clients manage their finances and make sound financial decisions. The firm's team of financial experts work closely with clients to understand their specific financial situations, and then develop custom strategies to meet their unique needs. Clients in Warren County, NY may face a variety of financial challenges, from managing their personal finances and investments to planning for their retirement. The area is home to many retirees, and as such, retirement planning and income management are critical areas of focus for clients. Additionally, many residents may need assistance with debt management, tax planning, and estate planning. Sloan Advisory Group, Inc. offers a comprehensive suite of services to help clients navigate these challenges and achieve their financial goals.
Services Offered by Sloan Advisory Group, Inc.
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 Sloan Advisory Group, Inc. 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
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Sloan Advisory Group, Inc. is registered to service clients in the following states:
- New York
- Texas
Disciplinary History
Sloan Advisory Group, Inc. does not have any disclosures. Please visit it's Form ADV for more details.