Monte Financial Group, LLC (Guilford)

Name: Monte Financial Group, LLC
Address: 30 Long Hill Road, Guilford, CT, 06437
Telephone: 203-453-6851

Monte Financial Group, LLC is a large advisory firm based in Guilford. It manages $228.27 million of regulatory assets for 269 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut, Florida, Maine, and 6 other states.

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

Monte Financial Group: assets under management

The assets under management (AUM) of Monte Financial Group, LLC is $228.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 277% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $228.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $848.58 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is government bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Monte Financial Group, LLC 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 Monte Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Monte Financial Group is high net worth individuals with 70 clients and $170.48 million of assets under management. Among the 5 most similar advisory firms, Monte Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $228.27 million for 269 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.

Monte Financial Group doesn't advise any private funds.

Careers at Monte Financial Group, LLC

The company employs 7 people that are either part- or full-time employees. 57 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 compensates 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
Robert John Monte	Managing member/chief compliance officer	1 Jun 2009	75% - 100%	1259890

Based in Guilford

The principal office where Monte Financial Group, LLC performs its advisory services is located at 30 Long Hill Road, Guilford, CT 06437, 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 203-453-6851 or by fax 203-453-6855. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at montefinancialgroup.com.