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The Financial Network Group, Ltd (Cincinnati)


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.

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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. 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 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.


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