Next Financial Group

Retirement Planning Firm in Newport News, VA

Firm Info
Address: 610 Thimble Shoals Blvd STE 102, Newport News, VA 23606, USA
Phone: (757) 246-9733

Firm Size
Assets Under Management: $3.1 billion
# of Advisors: 399
# of Clients: 15,664
Client to Advisor Ratio: 39:1
Average Account Size: $198,572
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Selection of Others Advisors
  • Educational Seminars & Workshops

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)
  • Other

Get Connected with a Financial Advisor

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Next Financial Group, Inc. Overview

Next Financial Group, Inc. is a broker-dealer and insurance broker/agent firm that provides investment advice to its clients on a fee-based arrangement. With its headquarters located in Houston, TX, the firm has been in business since 1999, offering a range of services to its clients. As a registered investment advisory firm, Next Financial Group specializes in financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses or institutional clients. This firm has built a reputation for providing a high level of quality financial guidance to its clients. The firm's services go beyond investment advice and also includes the selection of other advisors to help clients develop a complete financial plan. In addition to personalized investment strategies, Next Financial Group offers educational seminars and workshops that extend its services beyond the individual client and into the broader community. With its focus on providing a comprehensive range of financial planning and investment management services, Next Financial Group, Inc. has become a trusted advisor to many clients over the years. The firm's commitment to delivering high-quality advice and services has set it apart as a leading provider of investment management solutions, and its highly experienced team of professionals are well-equipped to provide tailored solutions that meet the unique needs of each of its clients.

NEXT FINANCIAL GROUP, INC. serves a wide range of clients from individuals seeking financial advice and guidance to high net worth individuals with complex financial portfolios, pension or profit sharing plans, charitable organizations, and other types of corporations. The firm specializes in providing customized financial planning services that cater to the unique needs and goals of each client. To accommodate these different types of clients and their specific needs, NEXT FINANCIAL GROUP, INC. offers various fee structures such as a percentage of Assets Under Management (AUM), hourly, fixed fees, or other types of fees depending on the service provided. The firm ensures transparency and clarity in its fee structures, making sure that clients understand the terms and conditions upfront before any service is provided. This allows clients to have a clear picture of the costs associated with the financial service offered. NEXT FINANCIAL GROUP, INC. understands that clients have diverse financial planning needs, and as such, the firm provides flexible fee structures that offer value and peace of mind to its clients.

Typical Clients, Fee Structures & Investment Minimum

According to the note about investment minimums in NEXT FINANCIAL GROUP, INC.'s Part 2 Brochure, the minimum initial account size for both the Visionary Program and VAMPP is $25,000. However, the minimum account size for these programs can be waived at NEXT's discretion. Third-party money managers and advisory programs have varying minimum investment amounts required for each program. There is no minimum asset amount required for Investment Fiduciary & Retirement Plan Consulting, Plan Participant Advice Services, or Consulting Services. The initial minimum account size for NEXT Select program options is determined by the program, but these minimums can be waived at NEXT's discretion. In the SMP, a higher minimum may be required by the SMA Manager. In the Multi-Manager Program, the minimum account size for each model style is determined by the Model Provider.

How This Office Can Help Newport News, VA Residents

Next Financial Group is a reputable financial planning firm with a proven track record of providing clients in Newport News, VA, with personalized financial solutions. The firm offers comprehensive financial planning and management services to individuals, families, and businesses. Whether a client is just starting to save money, nearing retirement, or already retired, the firm has services to meet their specific needs. Newport News residents face a range of financial challenges including rising healthcare costs, increasing taxes, and insufficient retirement savings. The team at Next Financial Group helps clients navigate these financial challenges by providing them with a personalized financial roadmap. The firm offers investment planning, estate planning, retirement income planning, and insurance planning services. Moreover, their advisors help clients to build an investment portfolio well-suited to their specific risk appetite and financial goals. During times of market volatility, the firm offers a disciplined and patient approach to investing. At Next Financial Group, the client's financial well-being is their top priority, and their team is always available to provide guidance and support when needed.

To view the Minimum Investment and Fee Schedule for Next Financial Group, Inc., visit their Part 2 Brochure.

Services Offered by Next Financial Group, Inc.

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 Next Financial Group, Inc. 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)
Hourly
Fixed Fees (Other than subscription)
Other
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 610 Thimble Shoals Blvd STE 102, Newport News, VA 23606, USA
Phone (757) 246-9733
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 2500 WILCREST, SUITE 620, HOUSTON, TX 77042, United States

This firm has no other locations.

State Registrations

Next Financial Group, Inc. is registered to service clients in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin

Disciplinary History

Next Financial Group, Inc. does not have any disclosures. Please visit it's Form ADV for more details.