New Century Financial Group, LLC (Princeton)


New Century Financial Group, LLC is a large advisory firm based in Princeton. It manages $216.29 million of regulatory assets for 1,104 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

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

New Century Financial Group: assets under management

The assets under management (AUM) of New Century Financial Group, LLC is $216.29 million. The firm's AUM has grown by 118% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $169.14 million in discretionary accounts and $47.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $98.24 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New Century Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients New Century Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of New Century Financial Group is individuals with 697 clients and $124.36 million of assets under management. Among the 8 most similar advisory firms, New Century Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $216.29 million for 759 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.

New Century Financial Group doesn't advise any private funds.

Careers at New Century Financial Group, LLC

The company employs 21 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 21 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
Jeffrey Allen Hamburger Managing member 1 Nov 1995 75% - 100% 834933
Jeffrey Allan Hamburger Managing member 1 Nov 1995 75% - 100% 834933
Richard Kyle Oring Managing member and chief compliance officer 1 Jan 2014 25% - 50% 3259076

Based in Princeton

The principal office where New Century Financial Group, LLC performs its advisory services is located at One Airport Place, Princeton, NJ 08540, which is also the mailing address of the firm. An additional office of the firm is in Staten Island, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (609)924-2049 or by fax (609)924-0649. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at ncfg.com.