{
  "crd_number": 122609,
  "slug": "northeast-financial-group-inc-allentown-pa-122609",
  "primary_business_name": "NORTHEAST FINANCIAL GROUP, INC.",
  "legal_name": "NORTHEAST FINANCIAL GROUP, INC.",
  "dbas": [],
  "city": "Allentown",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "10900",
  "metro": {
    "cbsa_code": "10900",
    "common_name": "Allentown",
    "msa_name": "Allentown-Bethlehem-Easton, PA-NJ",
    "path": "/advisors/pa/allentown"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-06-14",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-07-28",
  "carried_forward": false,
  "raum_total": 1442742559.0,
  "raum_discretionary": 707986819.0,
  "raum_non_discretionary": 734755740.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 3830103.0,
      "count": 61,
      "description": "LIMITED POWER OF ATTORNEY ACCESS ACCOUNTS, MUTUAL FUND DIRECT ACCOUNTS."
    },
    "charitable": {
      "raum": 76757389.0,
      "count": 17
    },
    "individuals": {
      "raum": 148566424.0,
      "count": 393
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 266458012.0,
      "count": 31
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 401069715.0,
      "count": 58
    },
    "other_investment_advisers": {
      "raum": 121117889.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 383648779.0,
      "count": 160
    },
    "pooled_investment_vehicles": {
      "raum": 22390796.0,
      "count": 4
    },
    "corporations_other_businesses": {
      "raum": 18903452.0,
      "count": 14
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "CA",
    "DE",
    "FL",
    "IL",
    "NC",
    "NH",
    "NJ",
    "NY",
    "PA",
    "SC",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/NORTHEAST-FINANCIAL-GROUP-INC.",
    "https://nefginc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122609",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "ALLENTOWN",
  "url": "https://advisorcensus.com/firm/northeast-financial-group-inc-allentown-pa-122609",
  "display_name": "Northeast Financial Group, Inc.",
  "summary": "Northeast Financial Group, Inc. is an SEC-registered investment advisory firm in Allentown, PA, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 28, 2026.",
  "citation": "AdvisorCensus. Northeast Financial Group, Inc. (CRD 122609): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Northeast Financial Group, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Northeast Financial Group, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "What does Northeast Financial Group, Inc.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated July 28, 2026 states: Asset-based fee: 0.2% to 1.35% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Northeast Financial Group, Inc. located?",
      "a": "Northeast Financial Group, Inc.'s principal office is in Allentown, PA, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Northeast Financial Group, Inc. registered with the SEC or a state?",
      "a": "Northeast Financial Group, Inc. is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 122609."
    },
    {
      "q": "How much does Northeast Financial Group, Inc. manage?",
      "a": "Northeast Financial Group, Inc. reports $1,442,742,559 in regulatory assets under management in its Form ADV filing dated July 28, 2026 (49% discretionary)."
    },
    {
      "q": "How have Northeast Financial Group, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Northeast Financial Group, Inc.: Regulatory assets under management: $696,481,363 in the October 2021 data and $1,442,742,559 in the October 2026 data, up 107%. Total employees: 11 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Northeast Financial Group, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (393); high net worth individuals (160); other (61)."
    },
    {
      "q": "Which custodians does Northeast Financial Group, Inc. use?",
      "a": "Northeast Financial Group, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Matrix Trust Co. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Northeast Financial Group, Inc. report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/122609"
    },
    {
      "q": "What changed in Northeast Financial Group, Inc.'s recent Form ADV filings?",
      "a": "In the August 2026 filing data: Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.C(2), 11.C(4), 11.C(5))."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 696481363.0,
      "total_employees": 11,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 864734210.0,
      "total_employees": 12,
      "filing_date": "2022-08-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 775066299.0,
      "total_employees": 7,
      "filing_date": "2023-04-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1000469143.0,
      "total_employees": 9,
      "filing_date": "2024-04-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1205206195.0,
      "total_employees": 10,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1442742559.0,
      "total_employees": 1,
      "filing_date": "2026-07-28"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.C(2), 11.C(4), 11.C(5))."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 1.",
        "Regulatory assets under management went from $1,205,206,195 to $1,442,742,559 (+20%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 28, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.2% to 1.35% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.2% to 1.35% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "NEFG provides investment management services for an annual fee based upon a percentage of assets under management. The annual fee for the Firm’s portfolios varies from 0.20% to 1.35% and is largely determined by the size and composition of a client’s investment portfolio."
        ]
      }
    ],
    "quotes": [
      "NEFG provides investment management services for an annual fee based upon a percentage of assets under management. The annual fee for the Firm’s portfolios varies from 0.20% to 1.35% and is largely determined by the size and composition of a client’s investment portfolio."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Matrix Trust Co.",
      "name_as_filed": "MATRIX TRUST CO.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/northeast-financial-group-inc-allentown-pa-122609.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 393,
      "fewer_than_5": false,
      "raum": 148566424.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 160,
      "fewer_than_5": false,
      "raum": 383648779.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 22390796.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 58,
      "fewer_than_5": false,
      "raum": 401069715.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 17,
      "fewer_than_5": false,
      "raum": 76757389.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 31,
      "fewer_than_5": false,
      "raum": 266458012.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": true,
      "raum": 121117889.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 14,
      "fewer_than_5": false,
      "raum": 18903452.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 61,
      "fewer_than_5": false,
      "raum": 3830103.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/122609",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}