The Financial Network Group, Ltd (Cincinnati)

Name: The Financial Network Group, Ltd
Address: 7890 E Kemper Road, Suite 200, Cincinnati, OH, 45249
Telephone: 513-469-7500

The Financial Network Group, Ltd is a large advisory firm based in Cincinnati. It manages $788.22 million of regulatory assets for 1,849 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Florida, and 11 other states.

The Financial Network Group provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Financial Network Group: assets under management

The assets under management (AUM) of The Financial Network Group, Ltd is $788.22 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 382% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $788.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $426.3 thousand each.

The Financial Network Group has custody of $5.52 million in cash and securities for 37 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Financial Network Group, Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edward Joseph Finke serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Edward Joseph Finke is individuals with 1,657 clients and $491.95 million of assets under management. Among the 11 most similar advisory firms, The Financial Network Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $788.22 million for 1,849 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.

The Financial Network Group doesn't advise any private funds.

Careers at The Financial Network Group, Ltd

The company employs 28 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 19 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.

Edward Joseph Finke has been acting as President since 1 Jan 1995. Corey C Gamble joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nathan Jacobs Bachrach	Ceo	1 Jan 1995	50% - 75%	1124585
Edward Joseph Finke	President	1 Jan 1995	50% - 75%	807754
Steven Martin Sprovach	Chief compliance office	1 Jan 2005	Other	734203
Martin James Murray	Chief operating officer	1 Jul 2011	Other	6027568
Julie Lynn Seifert	Chief compliance officer	1 Feb 2012	Other	2409883
Daniel Littman	Cfo	1 May 2012	Other	6431733
Andrew Roy Stout	Chief compliance officer	1 Nov 2014	Other	5225522
Amy Rebecca Bender	Chief compliance officer	1 Dec 2014	Other	4534365
Daniel Littman	Cfo	1 Dec 2014	Other	6431733
Kenneth Anthony Madsen	Chief compliance officer	1 Aug 2016	Other	1126819
Matthew Edward Lynch	Director	1 Jan 2017	Other	1678785
Lp Hanson Mcclain Group	Partner	1 Mar 2018	75% - 100%	68-0415440
Corey C Gamble	Chief compliance officer	1 Jun 2018	Other	4919573

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Hmgi Intermediate	Owner	1 Mar 2018	75% - 100%	82-2144143
Lp Hmg Parent	Owner	1 Mar 2018	75% - 100%	82-2144106
Inc. Hmg Holdco	Owner	1 Mar 2018	25% - 50%	82-1980862
Scott Thomas Hanson	Owner	1 Mar 2018	25% - 50%	2137903
Patrick Carl Mcclain	Owner	1 Mar 2018	25% - 50%	2055994
Lp Parthenon V Hm Holdings	Owner	1 Mar 2018	50% - 75%	82-2160820
L.P. Parthenon Investors V Hm Aiv	Owner	1 Mar 2018	75% - 100%	82-217650
Inc Parthenon Investors V Hm Blocker	Owner	1 Mar 2018	25% - 50%	82-2161049
L.P Parthenon Investors V Hm Holdco Aiv	Owner	1 Mar 2018	75% - 100%	82-2190726

Based in Cincinnati

The principal office where The Financial Network Group, Ltd performs its advisory services is located at 7890 E Kemper Road, Suite 200, Cincinnati, OH 45249, which is also the mailing address of the firm. An additional office of the firm is in Florence, KY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-469-7500 or by fax 513-469-1234. The normal business hours are 8:30 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at simplymoney.net.