The Florio Wealth Management Group

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Client assets under management

Clients

Advisors

of 4 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

Very Low

Average account size

—

About

The Florio Wealth Management Group provides pension consulting, financial planning and consulting, and primarily acts as a solicitor referring institutional and retirement-plan clients to third-party registered investment advisers. The firm discloses the ability to serve as an ERISA Section 3(38) investment manager for retirement plans and to offer wealth management services, although it currently does not directly manage client assets.

In practice the firm facilitates introductions to third-party advisers and receives referral or solicitation fees when a referred party establishes an advisory relationship, and it separately offers negotiable hourly or fixed-fee planning and consulting engagements. When retained for retirement-plan work, the firm may serve as a fiduciary with discretionary responsibility for establishing investment policy and selecting, monitoring, and replacing plan investment options.

What is noteworthy for an investment-manager category firm is the emphasis on retirement-plan fiduciary services (including acting under ERISA 3(38)) and the use of hourly/fixed fees and referral-based revenue rather than relying solely on percentage-of-assets fees as the primary business model. The brochure also discloses brokerage and insurance affiliations for firm principals and describes policies and disclosures intended to address the resulting conflicts of interest.

Client services

Financial planning Pension consulting Solicitor

Expertise

Retirement plans for business owners (SEP, solo 401k) Wealth management

Fee options

Fixed

Fixed fees range from $2,500 to $50,000 for financial planning and consulting services

Percentage

$0 - $1,000,000: 1.25% $1,000,000 - $2,500,000: 1.00% $2,500,000 - $5,000,000: 0.90% $5,000,000+: 0.80%

Commissions

Securities brokerage services and insurance products offered under separate commission-based arrangements; commissions and trail fees received by registered representatives

Project-based

Hourly fees range from $200 to $500 per hour

Other

Minimum fee: Fixed fees ranging from $2,500 to $50,000; Hourly fees ranging from $200 to $500 per hour Fee-only: Fixed fees from $2,500 to $50,000; Hourly fees from $200 to $500 per hour

Main office location

The Florio Wealth Management Group

1025 Old Country Road,, Suite 312

Westbury NY 11590, United States

Number of offices

Most active in

New York

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Website 516-758-2430

Advisors at this firm

Steven F

ChFC®, Series 63

Westbury, NY

The Florio Wealth Management Group

Steven Florio is a financial advisor with The Florio Wealth Management Group in Westbury, NY, holding the ChFC® and Series 63 designations and bringing 12 years of industry experience. He previously worked for Mass Mutual Investors Services and MassMutual Life Insurance Company, where he has been active since 2012. Florio is also licensed as an insurance agent, offering individual and group life and health products. The Florio Wealth Management Group provides pension consulting and financial planning services, primarily referring institutional and retirement-plan clients to third-party registered investment advisers. The firm offers fiduciary retirement-plan services under ERISA Section 3(38) and operates using hourly or fixed-fee engagements and referral arrangements rather than traditional percentage-of-assets fees.

Retirement plans for business owners (SEP, solo 401k) Wealth management

Peter F

ChFC®, Series 63

Westbury, NY

The Florio Wealth Management Group

Peter Florio is a ChFC® registered financial advisor with 36 years of industry experience. He is currently with The Florio Wealth Management Group, where he has served since 2017, and previously held roles at MML Investors Services, Inc. and Purshe Kaplan Sterling Investments. Florio also has involvement in insurance brokerage, including individual and group life and health insurance, as well as fixed annuities. The Florio Wealth Management Group provides pension consulting, financial planning, and acts primarily as a solicitor referring institutional and retirement-plan clients to third-party registered investment advisers. The firm offers fiduciary retirement-plan services under ERISA Section 3(38) and uses hourly or fixed-fee arrangements alongside referral-based revenue.

Retirement plans for business owners (SEP, solo 401k) Wealth management

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