Materetsky Financial Group, Inc. (Boynton Beach)

Name: Materetsky Financial Group, Inc.
Address: 2240 Woolbright Road, Boynton Beach, FL, 33426
Telephone: 561-735-9227

Materetsky Financial Group, Inc. is a large advisory firm based in Boynton Beach. It manages $260 million of regulatory assets for 1,075 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and 4 other states.

Materetsky Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Materetsky Financial Group: assets under management

The assets under management (AUM) of Materetsky Financial Group, Inc. is $260 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Materetsky Financial Group, Inc. for their services and products based on a percentage of assets under management. 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 Materetsky Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Materetsky Financial Group is high net worth individuals with 125 clients and $130 million of assets under management. Among the 8 most similar advisory firms, Materetsky Financial Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $260 million for 601 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.

Materetsky Financial Group doesn't advise any private funds.

Careers at Materetsky Financial Group, Inc.

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 5 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
Howard Materetsky	Principal	1 Dec 1979	50% - 75%	1003610
Ira Scott Materetsky	Principal/chief compliance officer	1 Jan 2005	50% - 75%	2749161

Based in Boynton Beach

The principal office where Materetsky Financial Group, Inc. performs its advisory services is located at 2240 Woolbright Road, Boynton Beach, FL 33426, which is also the mailing address of the firm. An additional office of the firm is in Syosset, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-735-9227 or by fax 561-735-9815. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at materetsky.com/.