Magnus Financial Group LLC is an SEC-registered, independent investment advisory firm headquartered in New York City. Established in 2017, the firm specializes in providing customized wealth management and financial planning services to clients at various stages of their financial journeys. As an independent Registered Investment Advisor (RIA), Magnus emphasizes delivering high-quality service through a personalized client approach.
Key Strategic Focus
Magnus Financial Group's strategic focus centers on offering comprehensive wealth management solutions tailored to individual client needs. The firm's core objectives include asset management, risk management, tax planning, retirement income distribution planning, and estate preservation. By integrating these services, Magnus aims to assist clients in achieving their financial goals through both offensive and defensive financial planning approaches.
Financials and Funding
As of December 31, 2023, Magnus Financial Group managed over $1 billion in assets under management (AUM). The firm has demonstrated consistent growth, earning a place on Financial Advisor Magazine's 2024 list of the Top 50 Fastest Growing RIAs and being included in the magazine's RIA rankings for the seventh consecutive year.
Leadership Team
The leadership team at Magnus Financial Group comprises experienced professionals dedicated to delivering exceptional financial services:
- Michael S. Schwartz, CFP®, AEP®: Founder, Chief Executive Officer, and Wealth Management Advisor. With over 20 years in finance, Michael has been recognized nationally for his expertise in wealth management. He has been named to Forbes' Best-In-State Wealth Advisors list for New York City and has contributed to various financial publications.
- James S. Kephart: Investment Advisor Representative with over 32 years of experience in the finance industry.
- Chase Wickenheiser: Investment Advisor Representative with over 3 years of experience in the finance industry.
Competitor Profile
In the wealth management industry, Magnus Financial Group operates alongside several prominent firms. Key competitors include:
- UBS Global Wealth Management: With $2.26 trillion in AUM as of 2019, UBS is a leading global wealth manager.
- Morgan Stanley Wealth Management: Managing $1.046 trillion in AUM as of 2019, Morgan Stanley offers comprehensive wealth management services.
- Bank of America Global Wealth and Investment Management: With $1.021 trillion in AUM as of 2019, this division provides extensive wealth management solutions.
These competitors have established significant market presence and offer a wide range of services to high-net-worth individuals and families.
Strategic Collaborations and Partnerships
Magnus Financial Group has developed strategic partnerships to enhance its service offerings. The firm collaborates with various financial institutions and industry leaders to provide clients with a comprehensive suite of financial products and services. These partnerships enable Magnus to deliver tailored solutions that align with clients' unique financial goals.
Operational Insights
Magnus Financial Group differentiates itself through a personalized client approach, integrating various financial planning services to address individual client needs comprehensively. The firm's commitment to high-quality service and its independent RIA status allow it to offer unbiased financial advice, setting it apart from competitors.
Strategic Opportunities and Future Directions
Looking ahead, Magnus Financial Group aims to continue its growth trajectory by expanding its client base and enhancing its service offerings. The firm plans to leverage technological advancements to improve client engagement and operational efficiency. Additionally, Magnus seeks to strengthen its strategic partnerships to provide clients with innovative financial solutions.
Contact Information
For more information about Magnus Financial Group and its services, visit the firm's website.
