The Mustico Financial Group, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The Mustico Financial Group offers discretionary investment supervisory services, individual portfolio management, financial planning, periodic newsletters, and consulting to individuals (including high-net-worth clients), pension and profit-sharing plans, charities, and other entities. The firm reports managing approximately $316,510,000 across roughly 460 client relationships.
The firm develops client-specific written investment guidelines through in-depth interviews, relies on fundamental analysis, and employs both long- and short-term strategies (including the use of margin and block trading when appropriate). Accounts are typically managed on a discretionary basis, clients may impose written restrictions, and the adviser uses institutional custodial platforms and related research services to support portfolio implementation.
Noteworthy aspects of the firm include an affiliation with a practicing attorney and the subleasing of office space to an attorney, and a member of management who is licensed to practice law, although the advisory business does not provide legal services. In addition, advisers maintain registrations as broker‑dealer representatives and insurance agents and participate in a mutual referral arrangement with a broker‑dealer, creating additional compensation streams and conflicts of interest that the firm discloses and addresses in its policies.
Client services
Expertise
Fee options
$0 - $100,000: Not explicitly stated; additional fees apply ($45 one-time processing fee and $45 annual maintenance fee) $100,000+: 0.65% to 1.95% annually, tiered based on assets under management
Separate commissions earned by licensed representatives when implementing investment recommendations (conflicts disclosed)
Financial planning and consulting services charged hourly at $150 to $250 per hour
Account minimum: $100,000 Minimum fee: $45 one-time processing fee and $45 annual maintenance fee for accounts below $100,000 Fee-only: Financial planning and consulting services charged hourly at $150 to $250 per hour
Main office
221 West Church St.
Elmira NY 14901
Advisors at this office
4
Most active in
Florida · New York · Pennsylvania
Also doing business as
The Mustico Financial Group, Inc. · The Mustico Group
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:
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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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.
Quick links
Advisors at this firm
Damien M
Series 63, Series 65
Elmira, NY
The Mustico Financial Group, Inc.
Damien Mustico is a financial advisor with The Mustico Financial Group, Inc. in Elmira, NY, holding Series 63 and Series 65 licenses and having 21 years of industry experience. He previously worked at FSC Securities Corporation, Inc. for 12 years before joining The Mustico Financial Group and Mutual Securities, Inc. in 2017. His outside activities include operating independent insurance agencies and providing trust and estate planning referrals through affiliated law firms. The Mustico Financial Group provides discretionary investment supervisory services and individualized portfolio management to a diverse client base including high-net-worth individuals, pension plans, and charities. The firm employs fundamental analysis and both long- and short-term strategies, managing about $316 million in assets across approximately 460 client relationships.
Xavier M
CFP®, Series 66
Elmira, NY
The Mustico Financial Group, Inc.
Xavier Mustico is a financial advisor with The Mustico Financial Group, Inc. in Elmira, NY, holding CFP® and Series 66 credentials with seven years of industry experience. Prior to his current role beginning in 2020, he worked at Bank of America and Merrill. He serves on the board of Elmira Downtown Development, Inc., a nonprofit organization. The Mustico Financial Group provides discretionary investment supervisory services, portfolio management, and financial planning to individuals, including high-net-worth clients, as well as pension plans, charities, and other entities. The firm employs client-specific written investment guidelines, fundamental analysis, and both long- and short-term strategies, managing approximately $316 million across around 460 client relationships.
Michael M
Series 63, Series 65
Elmira, NY
The Mustico Financial Group, Inc.
Michael Mustico is an advisor with The Mustico Financial Group, Inc. in Elmira, NY, holding Series 63 and Series 65 designations with two years of industry experience. He has been a managing partner at The Mustico Financial Group and a practicing attorney under the name Michael Mustico, Esquire since 2002. Outside of advisory services, he is a minority managing partner in a local real estate holding company that owns the building housing his firm. The Mustico Financial Group provides discretionary investment supervisory services, portfolio management, financial planning, and consulting to individuals, pension plans, charities, and other entities. The firm manages over $316 million across approximately 460 clients, employs fundamental analysis, and utilizes both long- and short-term strategies tailored to client-specific guidelines.
Elizabeth M
Series 65
Elmira, NY
The Mustico Financial Group, Inc.
Elizabeth Mustico is a financial advisor at The Mustico Financial Group, Inc. with a Series 65 credential and one year of industry experience. She has been affiliated with The Mustico Financial Group since 2021. The Mustico Financial Group provides discretionary investment supervisory services, portfolio management, financial planning, and consulting to individuals, pension plans, charities, and other entities. The firm manages approximately $316.5 million across about 460 clients, using client-specific investment guidelines and a mix of long- and short-term strategies.
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