Newbridge Financial Services Group, Inc. (Boca Raton)


Newbridge Financial Services Group, Inc. is a large advisory firm based in Boca Raton. It manages $175.03 million of regulatory assets for 871 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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

Newbridge Financial Services Group: assets under management

The assets under management (AUM) of Newbridge Financial Services Group, Inc. is $175.03 million. The firm's AUM has grown by 484% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $71.17 million in discretionary accounts and $103.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $149.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $262.94 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newbridge Financial Services Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Newbridge Financial Services Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Newbridge Financial Services Group is individuals with 786 clients and $112.62 million of assets under management. Among the 3 most similar advisory firms, Newbridge Financial Services Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $175.03 million for 871 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.

Newbridge Financial Services Group doesn't advise any private funds.

Careers at Newbridge Financial Services Group, Inc.

The company employs 65 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 65 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
Newbridge Financial Inc. Owner 1 Jan 2002 75% - 100% 65-0943968
Kenneth Brown Secretary 1 Jan 2002 Other 1325762
Robin Fran Bush Chief compliance officer 1 Dec 2004 Other 1994431
Gregory Alexander Deaver Chief compliance officer 1 Apr 2009 Other 2742917
Brian Gerard Curtis Chief compliance officer 1 Jul 2010 Other 4784186
Thomas Joseph Casolaro Ceo 1 Mar 2011 Other 1812805
Robert Pendleton Spitler Chief financial officer & president 1 Mar 2011 Other 4050312
James Todd Newton President co-ceo 1 Jan 2012 Other 1196025
Michael Robert Bernadino Chief compliance officer 1 Feb 2012 Other 722309
Charles Joseph Slavinsky Chief compliance officer 1 Mar 2012 Other 2807658
Alan David Lichtman Chief compliance officer 1 Jun 2013 Other 2937928
Leslieanne Moore Chief compliance officer 1 Oct 2014 Other 703910
Gene Robert Abrams Chief compliance officer 1 Oct 2016 Other 1018250
Alan Bruce Levin Chief financial officer 1 Mar 2019 Other 3073530
Tyler Thomas Bashaw Chief compliance officer 1 Jun 2019 Other 4922569

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Guy Steven Amico Shareholder 1 Jan 2002 25% - 50% 1723157
Scott Howard Goldstein Shareholder 1 Jan 2002 25% - 50% 1630008
James Lee Phelps Owner 1 Jan 2002 Other 1725995
Henry C Duques Shareholder 1 Aug 2014 Other 4922249

Based in Boca Raton

The principal office where Newbridge Financial Services Group, Inc. performs its advisory services is located at 5200 Town Center Circle, Boca Raton, FL 33486, which is also the mailing address of the firm. An additional office of the firm is in Mesa, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 954-334-3450 or by fax 954-541-8689. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at newbridgefsg.com.