Sowa Financial Group Inc (Lincoln)

Name: Sowa Financial Group Inc
Address: 14 Breakneck Hill Road, Lincoln, RI, 02865
Telephone: 401-434-8090

Sowa Financial Group Inc is a large advisory firm based in Lincoln. It manages $231.39 million of regulatory assets for 1,333 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Maine, and 5 other states.

Sowa Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and see schedule d. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sowa Financial Group: assets under management

The assets under management (AUM) of Sowa Financial Group Inc is $231.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 128% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $231.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.58 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sowa Financial Group Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sowa Financial Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Sowa Financial Group is individuals with 576 clients and $159.82 million of assets under management. Among the 11 most similar advisory firms, Sowa Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $231.39 million for 618 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.

Sowa Financial Group doesn't advise any private funds.

Careers at Sowa Financial Group Inc

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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
Donald Joseph Sowa	President / chief compliance officer	1 Jan 2000	75% - 100%	1754537

Based in Lincoln

The principal office where Sowa Financial Group Inc performs its advisory services is located at 14 Breakneck Hill Road, Lincoln, RI 02865, 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 401-434-8090 or by fax 401-434-8360. The normal business hours are 9 to 5 on Monday - Friday. You can find more information about the New York firm at sowafinancial.com.