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Duncan Financial Group Review

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Duncan Financial Group, LLC

Duncan Financial Group, LLC is a financial advisor firm located in Maywood, New Jersey that specializes in investment and financial planning. Rather than manage investments on their clients' behalf, Duncan offers planning and consulting services without directly managing assets. The firm has just two financial advisors on its team, but provides a range of services including investment planning, retirement planning, tax planning and more.

Duncan Financial is a fee-based advisory firm. This means that its advisors may receive commissions and other compensation from the sale of financial products, such as insurance policies and securities. A fee-only firm, on the other hand, strictly earns income from client-based fees for whatever services it may offer.

Duncan Financial Group Background

Duncan Financial has been in business since 2004. The firm currently has just six employees, and only two of them perform advisory functions. These advisors are managing principal Timothy Duncan and Jason Armenti. Both Duncan and Armenti hold law degrees, though neither of them are currently practicing. Duncan is the founder of the firm and holds an accredited invesment fiduciary (AIF) certification.

What Types of Clients Does Duncan Financial Group Accept?

Duncan Financial Group's services are geared primarily towards individuals (with and without a high net worth), families, pension plans and profit-sharing plans.

Duncan Financial Group Minimum Account Size

Duncan Financial does not have a minimum account requirement for any of its services.

Services Offered by Duncan Financial Group

Duncan Financial provides a wide range of financial planning and other advisory services. These include, but are not limited to:

  • Tax planning
  • Estate planning
  • Business planning
  • Retirement planning
  • Education planning
  • Budget planning
  • Cost of living needs planning
  • Cash flow analysis
  • Fringe benefit analysis
  • Investment analysis
    • Objective determination
    • Time horizon

The firm does not provide direct asset management; indeed, the firm's Form ADV doesn't list any assets under management (AUM).

Duncan Financial Group Investment Philosophy

Duncan Financial Group looks to provide specific advice to help each of its clients grow their assets in a sustainable manner. The firm's recommendations typically include mutual funds, exchange-traded funds (ETFs), stocks, bonds, certificates of deposit (CDs), money market funds and annuities.

To guide these recommendations, Duncan Financial analyzes each client's financial situation from multiple angles, including their distinct investment objectives, tax bracket information, cost of living needs and more. The firm uses such software programs as MoneyGuide Pro, Morningstar and fi360 to complete its security analyses.

Fees Under Duncan Financial Group

Duncan Financial charges fixed fees for its investment and financial planning services. Fees are not usually negotiable, and they are determined by the firm based upon the specific services requested by the client. Fees typically fall somewhere between $2,500 and $30,000 per year, as advisory agreements last that long unless otherwise stated. Duncan Financial does not charge performance-based fees.

What to Watch Out For

Duncan Financial Group is a fee-based financial advisory firm. This means that it receives commissions from the sale of certain financial products like insurance and specific securities. These commissions may create the potential for a conflict of interest, although the firm is still bound by fiduciary duty. That means it is obligated to act with your best interest in mind at all times.

Duncan Financial Group is only registered to operate in the state of New Jersey. That means anyone living outside of the Garden State won't have access to its services.

Disclosures

Duncan Financial Group does not have any disclosures on its Form ADV.

Opening an Account With Duncan Financial Group

Anyone looking to work with Duncan Financial Group can either stop by the firm's office in Maywood or call (201) 612-9572.

Where Is Duncan Financial Group Located?

Duncan Financial Group is located in Maywood, New Jersey at 25 East Spring Valley Avenue in Suite 260. The firm does not have any additional offices.

Tips for Financial Planning

  • Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • Use SmartAsset’s investment calculator to see how your current savings can be expected to grow over the years at different rates of return. If your nest egg won't grow enough to let you meet your long-term goals, you may need to increase your savings rate or employ a different investing strategy.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research