Financial Resources Group, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Financial Resources Group provides investment management and financial planning to a diversified client base that includes individual and high‑net‑worth clients, trusts, pension and profit‑sharing plans, charitable organizations, and other business entities. The firm generally manages client portfolios on a discretionary basis, offers a non‑wrap program (FRG Fundamental), and serves as sponsor and portfolio manager for a wrap‑fee program (FRG PLUS); it may also oversee held‑away retirement plan assets and engage sub‑advisors for certain strategies.
The firm follows a value‑oriented investment style that blends growth and value stock selection with multi‑asset, passive and active strategies, using factor‑based or alternatively weighted ETFs and fundamentally weighted bond indices. Portfolios may incorporate hedging and derivative strategies, alternative “liquidalts” sleeves, and option overlays such as covered calls and writing puts, with regular monitoring and rebalancing when allocations move beyond established bands.
Distinctive features in the brochure include the firm’s routine distribution of impersonal newsletters and educational flipbooks and the hosting of public workshops at no charge. The firm also discloses affiliations with an insurance company and a separate tax‑planning entity; compensation for insurance and tax services is paid to those affiliated entities and clients are under no obligation to use them.
Client services
Expertise
Fee options
Financial planning fees up to $15,000 fixed fee, typically half paid in advance.
$0 - $100,000: 1.5% $100,000 - $1,000,000: 1.0% $1,000,001 - $2,000,000: 0.88% $2,000,000 - $5,000,000: 0.75% $5,000,000 - $10,000,000: 0.50% $10,000,001+: Negotiable
May receive brokerage commissions from non-advisory accounts; advisory fees are separate and based on AUM.
Main office
116 Oak Street, 2nd Floor
Glastonbury CT 06033
Advisors at this office
3
Most active in
Connecticut · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Nicholas B
Series 65
Glastonbury, CT
Financial Resources Group, LLC
Nicholas Broska is a financial advisor at Financial Resources Group, LLC with a Series 65 designation and one year of industry experience. His prior work includes roles at Sanford and Hawley and Express Kitchens. He is in the process of starting a part-time bookkeeping business. Financial Resources Group provides investment management and financial planning to individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and business entities. The firm follows a value-oriented investment style using multi-asset portfolios and offers discretionary portfolio management along with a wrap fee program.
Richard R
CFP®, Series 63
Glastonbury, CT
Financial Resources Group, LLC
Richard Rake is a CFP® with 48 years of industry experience, currently serving at Financial Resources Group, LLC since 2018. His prior experience includes roles at Lincoln Financial Securities Corporation and Independent Advisers Group Corp. He is also the owner of Insurvest Group, which markets insurance and annuity products. Financial Resources Group provides investment management and financial planning services to individuals, trusts, estates, pension plans, charitable organizations, and businesses. The firm employs a value-oriented investment approach using multi-asset portfolios and offers discretionary management through various programs, including a wrap fee option.
Mark P
Series 63, Series 65
Glastonbury, CT
Financial Resources Group, LLC
Mark Pappa is a financial advisor with Financial Resources Group, LLC in Glastonbury, CT, holding Series 63 and Series 65 licenses and having 22 years of industry experience. His work history includes roles at Lincoln Financial Securities and a long-standing sales position with The Energy Authority. Outside of advising, he is involved in developing a social media app as president and board member of SpatsApp, Inc., and operates Facts Report, LLC, a website focused on combating fake news. Financial Resources Group provides investment management and financial planning to individuals, trusts, estates, pension and profit-sharing plans, charitable organizations, and business entities. The firm employs a value-oriented investment approach combining growth and value stock selection with diversified multi-asset portfolios, and it offers discretionary management, a wrap fee program, and oversight of held-away retirement accounts.
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