Sloan Advisory Group, Inc. (Glens Falls)

Name: Sloan Advisory Group, Inc.
Address: 12 E. Washington Street, Glens Falls, NY, 12801
Telephone: 888-978-8880

Sloan Advisory Group, Inc. is a mid-sized advisory firm based in Glens Falls. It manages $32.44 million of regulatory assets for 143 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of New York and Texas.

Sloan Advisory Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and financial coaching services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sloan Advisory Group: assets under management

The assets under management (AUM) of Sloan Advisory Group, Inc. is $32.44 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $24.28 million in discretionary accounts and $8.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $311.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $125.55 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sloan Advisory Group, Inc. 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 Sloan Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sloan Advisory Group is high net worth individuals with 11 clients and $18.64 million of assets under management. Among the 3 most similar advisory firms, Sloan Advisory Group has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $32.44 million for 58 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.

Sloan Advisory Group doesn't advise any private funds.

Careers at Sloan Advisory Group, Inc.

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 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
Rachel Lee Sloan	Managing member & chief compliance officer	1 Apr 2009	75% - 100%	2412421

Based in Glens Falls

The principal office where Sloan Advisory Group, Inc. performs its advisory services is located at 12 E. Washington Street, Glens Falls, NY 12801, 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 888-978-8880 or by fax 888-978-8880. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at sloanadvisorygroup.com.