Long Island Financial Group, INC
Assets Under Management
$36.5M
Number of Clients
138
Number of Advisors
N/A
Average Client AUM
$265K
AUM per Advisor
N/A
Compensation
Fee-Only (AUM)
About This Firm
Long Island Financial Group Inc (LIFG) is a registered broker/dealer transitioning to an Investment Advisory firm. They provide investment management services tailored to individual client needs, considering risk tolerance and investment objectives. LIFG offers both discretionary and non-discretionary services, with IARs providing advice in either an advisory or brokerage capacity.
Fee Structure
LIFG charges an annual advisory fee that ranges up to 2.5% of assets under management. These fees are negotiated with each client. The fee is normally charged quarterly, in advance, based on the value of assets under management on the last day of the prior reporting period. Clients may also incur third-party charges such as IRA and retirement plan fees, custodial fees, and mutual fund expenses.
Areas of Practice
Location
NY, United States