Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
The Yanker Group Overview
The Yanker Group is a registered investment advisory firm that provides investment advice only. With headquarters in Manchester, MO, the firm has been in business since 2020. Their fee arrangement is fee-only, meaning that they do not receive any commission-based compensation for their services. The Yanker Group specializes in financial planning and portfolio management for both individuals and small businesses. They work with clients to develop comprehensive financial plans that take into account their goals, risk tolerance, and investment preferences. The firm also provides guidance and advice on asset allocation, investment selection, and tax planning. As a fee-only firm, The Yanker Group is committed to providing unbiased and transparent advice to their clients. They do not receive any compensation from third-party vendors, which means that their advice is solely based on the best interests of their clients. With its focus on investment advice only, The Yanker Group is well-suited to help clients achieve their investment goals.
THE YANKER GROUP caters to an expansive set of clients, including individuals, high net worth individuals, pension or profit sharing plans, and other types of corporations not listed. With such a diverse range of clients, the firm is well-equipped to tailor their services to the needs of each individual party, offering a comprehensive suite of financial solutions to meet any demand. THE YANKER GROUP offers an array of fee structures depending on the service provided. For those requiring investment management programs, the firm typically employs a percentage of assets under management structure. This aligns the interests of the client and the firm, with rewards potentially emerging for both parties as the portfolio grows. For other services, such as financial planning, tax management, and trust services, an hourly fee structure may be appropriate. This approach allows the client to pay for the specific services rendered, ultimately minimizing any extraneous costs. Finally, for certain services, THE YANKER GROUP may offer a fixed fee structure. This structure is particularly advantageous for clients who require a well-defined set of services over a particular period, allowing them to accurately forecast the costs associated with the engagement. Through these flexible approaches, THE YANKER GROUP has made their services accessible and approachable by a diverse range of clients.
Typical Clients, Fee Structures & Investment Minimum
According to THE YANKER GROUP's Part 2 Brochure, there is no investment minimum required to open an account with the firm. The note about investment minimums explicitly states that "there is no account minimum," meaning that investors can start with any amount they choose. Therefore, clients have the flexibility to invest according to their financial situation and goals without the pressure of meeting a minimum investment requirement. Overall, this lack of investment minimum can be seen as a benefit for potential clients who may not have large sums of money to invest initially.
How This Office Can Help Manchester, MO Residents
SteelOaks Investment Advisers is a trusted financial management firm providing comprehensive investment advisory and financial planning services to clients in Weirton, WV. They offer personalized investment strategies tailored to each client’s unique financial goals and objectives. The expert team at SteelOaks Investment Advisers is well-equipped to help clients navigate complex investment portfolios and develop a comprehensive financial plan that takes into account factors such as retirement planning, asset allocation, and risk tolerance. For clients in Weirton, WV who are facing particular financial challenges such as a limited income, debt management, or healthcare costs, SteelOaks Investment Advisers offers targeted advice and recommendations to help them achieve their financial objectives. They understand the local economy and work diligently to help clients maximize their financial resources and build a secure financial future. Whether it is developing a customized retirement plan, creating a college savings plan, or navigating the complexities of estate planning, SteelOaks Investment Advisers is dedicated to helping clients achieve their financial goals and achieve financial peace of mind.
Services Offered by The Yanker Group
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 The Yanker Group 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.
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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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.
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).
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
*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
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
The Yanker Group is registered to service clients in the following states:
- Illinois
- Missouri
Disciplinary History
The Yanker Group does not have any disclosures. Please visit it's Form ADV for more details.