De Groote Financial Group, LLC is a large advisory firm based in Westlake Village. It manages $239 million of regulatory assets for 915 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.
De Groote Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of De Groote Financial Group, LLC is $239 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay De Groote Financial Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of De Groote Financial Group is high net worth individuals with 50 clients and $136.2 million of assets under management. Among the 10 most similar advisory firms, De Groote Financial Group has the 3rd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $239 million for 309 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.
De Groote Financial Group doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Andrew Paul Krout has served as the Chief Investment Officer since 1 Jul 2019. Fadi Mohamed Ahmed joined the executive team most recently as the Chief Compliance Officer & Chief Operations Officer.
The principal office where De Groote Financial Group, LLC performs its advisory services is located at 2660 Townsgate Road, Westlake Village, CA 91361, which is also the mailing address of the firm. An additional office of the firm is in Upton, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (805) 230-0111 or by fax (805) 230-0061. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at degrootefinancial.com.