Strategic Planning Group, Inc. (Wellesley)

Name: Strategic Planning Group, Inc.
Address: 57 River Street, Wellesley, MA, 02481
Telephone: 781-444-9010

Strategic Planning Group, Inc. is a large advisory firm based in Wellesley. It manages $214.18 million of regulatory assets for 1,088 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, Florida, Massachusetts, and New Hampshire.

Strategic Planning Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Strategic Planning Group: assets under management

The assets under management (AUM) of Strategic Planning Group, Inc. is $214.18 million. The firm's AUM has grown by 38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.47 million in discretionary accounts and $5.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $259.63 thousand.

Strategic Planning Group has custody of $99.2 million in cash and securities for 290 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Strategic Planning Group, Inc. for their services and products based on a percentage of assets under management 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 David Alexander Rourke serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Alexander Rourke is high net worth individuals with 62 clients and $107.46 million of assets under management. Among the 10 most similar advisory firms, Strategic Planning Group has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $214.18 million for 417 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.

Strategic Planning Group doesn't advise any private funds.

Careers at Strategic Planning Group, Inc.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

David Alexander Rourke has been acting as President since 1 Sep 2004. Jarrod Andrew Sherman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Alexander Rourke	Shareholder	1 Mar 1995	75% - 100%	2089364
David Alexander Rourke	Director	1 Sep 2004	75% - 100%	2089364
Jarrod Andrew Sherman	Chief compliance officer	1 Dec 2009	Other	2868422

Based in Wellesley

The principal office where Strategic Planning Group, Inc. performs its advisory services is located at 57 River Street, Wellesley, MA 02481, which is also the mailing address of the firm. An additional office of the firm is in Mashpee, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-444-9010 or by fax 781-444-8876. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at relaxingretirement.com.