93 Financial Group, LLC (Woburn)

Name: 93 Financial Group, LLC
Address: 600 Unicorn Park Drive, Woburn, MA, 01801
Telephone: 781-938-6361

93 Financial Group, LLC is a large advisory firm based in Woburn. It manages $335.43 million of regulatory assets for 1,963 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

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

93 Financial Group: assets under management

The assets under management (AUM) of 93 Financial Group, LLC is $335.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 224% since the beginning of its operation, and $1.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $335.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.87 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay 93 Financial Group, LLC 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 93 Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of 93 Financial Group is individuals with 910 clients and $266.25 million of assets under management. Among the 8 most similar advisory firms, 93 Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $335.43 million for 960 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.

93 Financial Group doesn't advise any private funds.

Careers at 93 Financial Group, LLC

The company employs 8 people that are either part- or full-time employees. 63 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
Paul Joseph Welch	Principal / managing member	1 Aug 2003	50% - 75%	2327685
Lawrence Eugene Welch	Principal / managing member	1 Aug 2003	50% - 75%	2359478
John Alan Welch	Chief compliance officer	1 Feb 2008	Other	4142068
Wallace Charles Fischer	Chief operating officer / chief compliance officer	1 Mar 2017	Other	1662955
John Alan Welch	Chief compliance officer	1 Dec 2017	Other	4142068

Based in Woburn

The principal office where 93 Financial Group, LLC performs its advisory services is located at 600 Unicorn Park Drive, Woburn, MA 01801, 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 781-938-6361 or by fax 781-933-4506. 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 93fg.com.