New England Professional Planning Group Inc. (Westerly)

Name: New England Professional Planning Group Inc.
Address: 9 Granite Street, Westerly, RI, 02891
Telephone: 401-596-2800

New England Professional Planning Group Inc. is a large advisory firm based in Westerly. It manages $755.9 million of regulatory assets for 2,146 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, and 13 other states.

New England Professional Planning Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

New England Professional Planning Group: assets under management

The assets under management (AUM) of New England Professional Planning Group Inc. is $755.9 million. The firm's AUM has grown by 108% since the beginning of its operation, and $3.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $698.09 million in discretionary accounts and $57.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $387.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $168.54 thousand.

New England Professional Planning Group has custody of $19.48 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New England Professional Planning Group Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 New England Professional Planning Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of New England Professional Planning Group is individuals with 1,947 clients and $457.69 million of assets under management. Among the 7 most similar advisory firms, New England Professional Planning Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $755.9 million for 2,146 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.

New England Professional Planning Group doesn't advise any private funds.

Careers at New England Professional Planning Group Inc.

The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 7 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
Malcolm Alfred Makin	Sole shareholder, president, director, chief compliance officer	1 Jul 1980	75% - 100%	851143
Malcolm Alfred Makin	Sole shareholder, president, director, chief compliance officer	1 Jun 1988	75% - 100%	851143
Kathleen Anne Nealon	Chief financial officer, manager	1 Jan 1997	Other	3126475
Joanna Valentini	Chief financial officer	1 Dec 2017	Other	6892433

Based in Westerly

The principal office where New England Professional Planning Group Inc. performs its advisory services is located at 9 Granite Street, Westerly, RI 02891, 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 401-596-2800 or by fax 401-596-5980. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ppgadvisors.com.