United Financial Planning Group LLC (Hauppauge)

Name: United Financial Planning Group LLC
Address: 888 Veterans Memorial Hwy., Hauppauge, NY, 11788 2981
Telephone: 631-234-0871

United Financial Planning Group LLC is a mid-sized advisory firm based in Hauppauge. It manages $92.72 million of regulatory assets for 329 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and New York.

United Financial Planning Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

United Financial Planning Group: assets under management

The assets under management (AUM) of United Financial Planning Group LLC is $92.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $92.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $281.81 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay United Financial Planning Group LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Gerard Nmn Barrasso serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gerard Nmn Barrasso is high net worth individuals with 38 clients and $71.9 million of assets under management. Among the 10 most similar advisory firms, United Financial Planning Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $92.72 million for 83 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.

United Financial Planning Group doesn't advise any private funds.

Careers at United Financial Planning Group LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerard Nmn Barrasso	President/chief compliance officer	1 Sep 2007	75% - 100%	5655119

Based in Hauppauge

The principal office where United Financial Planning Group LLC performs its advisory services is located at 888 Veterans Memorial Hwy., Hauppauge, NY 11788 2981, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-234-0871 or by fax 631-584-3763. 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 unitedfpg.com and its LinkedIn profile.