Socha Financial Group, LLC

Wealth Management Firm in Corning, NY

Firm Info
Address: 181 E 2nd St, Corning, NY 14830, USA
Phone: (607) 962-0605

Firm Size
Assets Under Management: $357.4 million
# of Advisors: 5
# of Clients: 722
Client to Advisor Ratio: 144:1
Average Account Size: $494,978
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Other

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

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


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

Get Connected with a Financial Advisor

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Socha Financial Group, LLC Overview

Socha Financial Group, LLC is a fee-only investment advisory firm headquartered in Corning, NY. The firm has been providing investment advice since 2019 and is registered as an investment advisory firm. As a fee-only firm, the company does not rely on commissions or selling products to earn money. Instead, they offer a clear and transparent fee arrangement that focuses solely on investment advice for clients. Socha Financial Group, LLC offers a range of services to both individuals and small businesses. They specialize in financial planning, helping clients create a roadmap to achieve their financial goals. Additionally, they provide portfolio management services, helping clients navigate the complex world of investments and maximize their investment returns. For small businesses, the firm offers customized portfolio management services that align with the business objectives. Finally, the firm also provides tax preparation services, to help clients manage their taxes and maximize their returns. Overall, Socha Financial Group, LLC is a full-service investment advisory firm that helps clients make informed decisions about their investments and financial future.

SOCHA FINANCIAL GROUP, LLC caters to a diverse range of clients, including both individuals and high net worth individuals. Whether providing advice on retirement planning, investment management, or estate planning, SOCHA FINANCIAL GROUP, LLC has the expertise and resources to tailor solutions that meet the unique needs of each client. Through their comprehensive approach and personalized service, SOCHA FINANCIAL GROUP, LLC has earned a reputation as a trusted and reliable partner in the world of wealth management. One of the many benefits of working with SOCHA FINANCIAL GROUP, LLC is the flexibility of their fee structures. Depending on the service provided, clients can choose between a percentage of assets under management, hourly rates, or fixed fees. This means that clients can select the payment method that makes the most sense for their particular financial situation and investment goals. With transparent and straightforward pricing, clients can rest assured that they are receiving value-added services that will help them achieve their desired outcomes. In the complex and ever-changing world of finance, SOCHA FINANCIAL GROUP, LLC is committed to providing clarity, transparency, and peace of mind to their clients.

Typical Clients, Fee Structures & Investment Minimum

According to the note in SOCHA FINANCIAL GROUP, LLC's Part 2 Brochure, the firm does not have an investment minimum. They do not require a minimum account size or a minimum annual fee to manage assets for their clients, which can include individuals, high net worth individuals, charitable organizations, and small businesses. Therefore, potential clients can reach out to the firm without worrying about meeting a certain investment threshold.

How This Office Can Help Corning, NY Residents

Socha Financial Group, LLC provides comprehensive financial planning and investment management services to clients in Corning, NY. As a trusted advisor, the firm helps clients achieve their financial goals by assessing their current situation, identifying areas of improvement, and developing a personalized plan to build and preserve wealth. Living in Corning, NY, individuals may be facing various financial situations such as planning for retirement, managing debt, saving for college, or navigating the complex tax system. Socha Financial Group, LLC offers specialized services to address these concerns and provide solutions that align with clients' short and long-term goals. The firm also provides guidance on insurance planning, estate planning, and risk management to ensure clients have a comprehensive plan in place to protect their assets and loved ones. With its personalized approach and commitment to delivering exceptional client service, Socha Financial Group, LLC is dedicated to helping clients in Corning, NY achieve financial success.

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

Services Offered by Socha Financial Group, 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 Socha Financial Group, 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)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

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 181 E 2nd St, Corning, NY 14830, USA
Phone (607) 962-0605
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

This firm has no other locations.

State Registrations

Socha Financial Group, LLC is registered to service clients in the following states:

  • California
  • Connecticut
  • Florida
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Texas
  • Virginia

Disciplinary History

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