Newsholme Financial Group, Inc (Yorktown Hts)

Newsholme Financial Group, Inc is a mid-sized advisory firm based in Yorktown Hts. It manages $56.5 million of regulatory assets for 312 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Florida, New Jersey, and New York.

Newsholme Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Newsholme Financial Group: assets under management

The assets under management (AUM) of Newsholme Financial Group, Inc is $56.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 116% since the beginning of its operation, and $57.68 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $56.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $181.09 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in non-exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newsholme Financial Group, Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Donald Eugene Newsholme serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Donald Eugene Newsholme is high net worth individuals with 23 clients and $30.73 million of assets under management. Among the 1 most similar advisory firms, Newsholme Financial Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $56.5 million for 113 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Newsholme Financial Group doesn't advise any private funds.

Careers at Newsholme Financial Group, Inc

The company employs 3 people that are either part- or full-time employees. 100 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.

Donald Eugene Newsholme has been acting as President since 1 Jul 2001. Janet Ann Filangeri joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Eugene Newsholme	President	1 Jul 2001	75% - 100%	1182213
Janet Ann Filangeri	Vice president/chief compliance officer	1 Jul 2001	Other	4646775

Based in Yorktown Hts

The principal office where Newsholme Financial Group, Inc performs its advisory services is located at 2326 Crompond Road, Yorktown Hts, NY 10598, 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 914-243-6700 or by fax 914-243-6725. The normal business hours are 9am - 5pm on Monday - Friday.