Firm Info
Firm Size
Services Offered
- Portfolio Management of Pooled Investment Vehicles
Types of Clients
- Pooled Investment Vehicles
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Performance-based Fees
New Generation Advisors, LLC Overview
New Generation Advisors, LLC is a registered investment advisory firm that has been providing investment advice for over three decades, since its establishment in 1988. Based in Manchester, MA, the firm offers a range of services and operates on a fee-based arrangement. As a commodity pool operator and advisor, New Generation Advisors specializes in managing pooled investment vehicles for its clients. The firm offers portfolio management services and provides investment advice to help clients make informed decisions about their investments. New Generation Advisors takes pride in its team of professionals who have extensive experience in the investment industry. The firm strives to provide client-focused services that are tailored to meet the unique needs and goals of each individual. Through its commitment to excellence and providing personalized investment advice, New Generation Advisors has established a reputation as a reliable and trustworthy advisory firm that clients can count on for sound investment guidance.
NEW GENERATION ADVISORS, LLC serves a diverse range of clients, including pooled investment vehicles such as mutual funds and hedge funds. Their expertise in investment management and financial planning make them a popular choice among high-net-worth individuals, family offices, and institutional investors seeking customized financial solutions. Along with their extensive knowledge and experience in the field, the firm's commitment to ethical and transparent practices further enhances their reputation as a trusted advisor to a broad spectrum of investors. When it comes to fee structures, NEW GENERATION ADVISORS, LLC offers options depending on the services provided. Clients can opt for a percentage of assets under management (AUM) fee, which is a common practice in the investment management industry. This fee is calculated as a percentage of the client's total assets and is paid on a regular basis. The firm also offers performance-based fees, which are tied to the investment's performance. This means that if the investment performs well, the fee charged will be higher, and if it underperforms, the fee will be lower. The availability of these fee structures allows clients to choose the option that best suits their needs and investment goals.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for New Generation Advisors, LLC does not mention an investment minimum as the firm is no longer admitting new investors into their funds. All limited partners in their NGA Funds are required to meet the SEC definition of a "qualified client" or "qualified purchaser."
How This Office Can Help Gloucester, MA Residents
New Generation Advisors, LLC is a financial advisory firm that assists clients in Gloucester, MA by helping them to navigate through challenging financial situations. Gloucester residents may face various financial situations, from managing debt to preparing for retirement, among others. New Generation Advisors, LLC offers services including retirement planning, investment management, estate and tax planning, and insurance to help clients achieve their financial goals. For retirees or those nearing retirement, New Generation Advisors, LLC provides personalized solutions that consider their current financial situation, as well as long-term plans. These solutions help clients in Gloucester, MA to make smart investment choices for their retirement while minimizing taxes and fees. For individuals with young families, New Generation Advisors, LLC offers comprehensive financial planning that incorporates education planning, provisions for unforeseen emergencies, and a roadmap for future financial goals. By working with New Generation Advisors, LLC, clients in Gloucester, MA can feel confident about their financial future.
Services Offered by New Generation Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by New Generation Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
Disciplinary History
New Generation Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.