Sound Financial Strategies Group, Inc. (Flowood)


Sound Financial Strategies Group, Inc. is a large advisory firm based in Flowood. It manages $236.68 million of regulatory assets for 1,054 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Florida, Louisiana, and 3 other states.

Sound Financial Strategies Group provides portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sound Financial Strategies Group: assets under management

The assets under management (AUM) of Sound Financial Strategies Group, Inc. is $236.68 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $236.16 million in discretionary accounts and $520.18 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $130.05 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sound Financial Strategies Group, Inc. for their services and products based on a percentage of assets under management. 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 Sammy Terry Dean serves?

The only and largest group of clients of Sammy Terry Dean is individuals with 1,050 clients and $236.16 million of assets under management. Among the 8 most similar advisory firms, Sound Financial Strategies Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $236.16 million for 1,050 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.

Sound Financial Strategies Group doesn't advise any private funds.

Careers at Sound Financial Strategies Group, Inc.

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No 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.

Sammy Terry Dean has been acting as President since 1 Apr 2015. Karl Glenn Simmons joined the executive team most recently as the Partner/Senior Partner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
August 11 2008 Danny R. Matthew Revocable Trust Founding partner/cfo/cco 1 Dec 1993 25% - 50% xxx-xx-xxxx
Danny Robert Matthews Founding partner/cfo/cco 1 Dec 1993 25% - 50% 1081590
Chris Tyler Mcalpin Managing partner/senior partner 1 Jun 2005 Other 4881404
Joel Rick Holden Partner/coo 1 Jan 2015 Other 5642118
Sammy Terry Dean Founding partner/president 1 Apr 2015 25% - 50% 1040081
Karl Glenn Simmons Partner/senior partner 1 Apr 2015 Other 1837353

Based in Flowood

The principal office where Sound Financial Strategies Group, Inc. performs its advisory services is located at 579 Lakeland East Drive, Flowood, MS 39232 The mailing address of the firm is 921 W New Hope Dr, Cedar Park, TX 78613. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 601-856-3825 or by fax 601-856-1621. The normal business hours are 8:30 am - 5:00 pm; 8:30 am - 4:00 pm on friday on Monday - Friday. You can find more information about the New York firm at soundfsg.com and its LinkedIn profile.

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