Located in Bellevue, Washington, Snider Financial Group provides investment management and financial planning. The financial advisory firm currently oversees millions in assets under management (AUM).
Snider Financial Group Background
Snider Financial Group first opened its doors in 2001. The firm has been operating as a registered investment advisor (RIA) since 2008. Founder and President Monte Snider holds Series 6, 63, 7, 65, 24, 53, and 3 with LPL Financial. He also is a chartered financial consultant (ChFC) and life underwriter training council fellow (LUTCF). The team also has a certified public accountant (CPA) and a chartered special needs consultant (ChSNC).
Snider Financial Group Client Types and Minimum Account Sizes
Snider provides advice to a variety of clients including:
- Individuals
- Banks or thrift institutions
- Investment companies
- Pension and profit-sharing plans
- Trusts
- Estates
- Charitable organizations
- Business entities
To establish an account, you’d generally need a minimum investment of $200,000. However, the firm may reduce or waive this requirement at its discretion.
Services Offered by Snider Financial Group
Snider Financial Group designs diversified investment portfolios on behalf of its clients. The firm’s advisors also provide financial planning advice on the following topics:
- Cash flow
- Education funding through 529 college savings plans and other vehicles
- Retirement planning
- Tax management
- Estate planning
Snider Financial Group Investment Philosophy
Snider Financial Group strives for strong returns while minimizing risk. In selecting securities, it engages in cyclical, fundamental and technical analysis to make its investment decisions.
The firm turns to various sources for information such as financial media, market research, fund prospectuses and more.
Fees Under Snider Financial Group
Hourly fees for financial planning services range up to $500. For investment management services, the firm charges fees based on a percentage of assets under management. Below is the firm’s current tiered fee schedule:
| Account Balance | Annual Fee |
| $200,000 to $749,999 | 1.50% |
| $750,000 to $999,999 | 1.25% |
| $1,000,0000 to $1,999,999 | 1.00% |
| $2,000,000 to $4,999,999 | 0.90% |
| $5,000,000 to $9,999,999 | 0.75% |
| $10,000,000+ | 0.60% |
The chart below shows estimated fees based on the above schedule:
| Estimated Investment Management Fees at Snider Financial Group* | |
| Your Assets | Snider Financial Group Maximum Fee Amount |
| $749,999 | $11,250 |
| $999,999 | $14,375 |
| $1,999,999 | $24,375 |
| $4,999,999 | $51,375 |
| $9,999,999 | $88,875 |
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
Learn more about advisors' typical costs here.
What to Watch Out For
Some Snider Financial Group advisors are also licensed insurance agents and broker representatives. These multiple roles can pose a potential conflict of interest. They can also be confusing to clients, as sales roles require a lower standard of care when making a recommendation than the advisor role requires. When receiving advice, particularly a product recommendation, make sure you know what it is based on, and how your advisory or the firm may benefit.
According to its most recent filings with the Securities and Exchange Commission, Snider Financial Group has not undergone, within the past 10 years, any disciplinary actions that may be material to a potential client’s fair evaluation of the firm’s business integrity.
All information was accurate as of the writing of this article.
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