Silver Grove Financial Group, Inc. (Orchard Park)

Name: Silver Grove Financial Group, Inc.
Address: 4201 North Buffalo Road, Orchard Park, NY, 14127
Telephone: (716) 957-4182

Silver Grove Financial Group, Inc. is a large advisory firm based in Orchard Park. It manages $101.69 million of regulatory assets for 1,036 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, New York, and Texas.

Silver Grove Financial Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Silver Grove Financial Group: assets under management

The assets under management (AUM) of Silver Grove Financial Group, Inc. is $101.69 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 $101.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.15 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Silver Grove Financial 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 Silver Grove Financial Group serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Silver Grove Financial Group is individuals with 947 clients and $101.33 million of assets under management. Among the 8 most similar advisory firms, Silver Grove Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $101.69 million for 948 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.

Silver Grove Financial Group doesn't advise any private funds.

Careers at Silver Grove Financial Group, Inc.

The company employs 13 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jason Joseph Weber	Founder - president	1 Jan 2017	50% - 75%	5522878
Ryan Daniel Seufert	Founder - vice president and chief compliance officer	1 Jan 2017	50% - 75%	5551651
Jason J Weber	Founder - president	1 Jan 2017	50% - 75%	5522878

Based in Orchard Park

The principal office where Silver Grove Financial Group, Inc. performs its advisory services is located at 4201 North Buffalo Road, Orchard Park, NY 14127, which is also the mailing address of the firm. An additional office of the firm is in Williamsville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (716) 957-4182 or by fax (716) 970-4545. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at silvergrovegroup.com.