4 Thought Financial Group Inc. (Syosset)

Name: 4 Thought Financial Group Inc.
Address: 6851 Jericho Turnpike, Syosset, NY, 11791
Telephone: 516-300-1617

4 Thought Financial Group Inc. is a mid-sized advisory firm based in Syosset. It manages $83.74 million of regulatory assets for 539 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.

4 Thought Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

4 Thought Financial Group: assets under management

The assets under management (AUM) of 4 Thought Financial Group Inc. is $83.74 million. The firm's AUM has grown by 147% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $66.55 million in discretionary accounts and $17.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $138.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $301.5 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 4 Thought Financial Group Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients 4 Thought Financial Group serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of 4 Thought Financial Group is individuals with 182 clients and $67.74 million of assets under management. Among the 3 most similar advisory firms, 4 Thought Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $83.74 million for 207 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

4 Thought Financial Group doesn't advise any private funds.

Careers at 4 Thought Financial Group Inc.

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 19 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jesse Brian Mackey	Chief compliance officer, chief investment officer, shareholder	1 Dec 2010	25% - 50%	4646885
Martin Elliot Levine	Chief financial officer, shareholder	1 Dec 2010	25% - 50%	1281040
Brian Craig Mackey	Chief executive officer, shareholder	1 Dec 2010	25% - 50%	1042992

Based in Syosset

The principal office where 4 Thought Financial Group Inc. performs its advisory services is located at 6851 Jericho Turnpike, Syosset, NY 11791, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-300-1617 or by fax 516-802-7524. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at 4tfg.com.