What has become known today as Access Financial Group, was started in the mid 1960s by Victor Chigas. Today the company is run by Victor’s Sons, V.J. and Chris. With the addition of a talented and dedicated staff, the Access Financial Group family has become a valuable resource based on personal service and industry experience.
Access Financial Group Information
Access Financial Group, a full-service financial firm established in the mid-1960s, offers investment services, including personal investments, company retirement services, and investment advisory.
Known for its personalized service and industry experience, the firm boasts a talented and dedicated team led by Victor Chigas' sons, V.J. and Chris. While Access Financial Group provides a range of services, it lacks a dedicated trading platform or app, which may be a limitation for some investors seeking modern digital solutions.
Pros & Cons
Pros:
Access Financial Group is regulated by FINRA, ensuring adherence to industry standards. The firm offers multiple tradable securities, including funds and options, and provides various investment services. Their team is known for personalized service and industry experience, making them a valuable resource for investors.
Cons:
The fee structure of Access Financial Group is uncertain, which will be a concern for potential clients. The firm lacks a unique trading platform and mobile app, limiting digital accessibility. Additionally, there is a lack of diverse account options, which will not meet all investor needs.
Is Access Financial Group Safe？
Regulations:
Access Financial Group is regulated by the Financial Industry Regulatory Authority (FINRA) in the United States. Established in 2007, FINRA is a non-governmental organization that regulates trading practices in the over-the-counter (OTC) markets and oversees the operations of investment banks. Access Financial Group operates under the license numbers CRD#: 33065 and SEC#: 801-48092, 8-46065, ensuring adherence to regulatory standards and investor protection measures.
Funds Safety:
Client account funds at Access Financial Group are protected through membership in the Securities Investor Protection Corporation (SIPC), which provides limited coverage in the event of broker-dealer failure. SIPC insurance typically covers up to $500,000 per customer, including a $250,000 limit for cash. This protection helps ensure that client funds are secure against potential losses due to firm insolvency.
Safety Measures:
Access Financial Group employs encryption technologies to secure the storage and transmission of client data. Their Quick Access app for mobile devices enhances security by requiring a username, password, and a 4-digit PIN for access. Additionally, the firm implements strict security protocols to protect investor information and transactions, reducing the risk of unauthorized access and data breaches.
What are securities to trade with Access Financial Group？
Access Financial Group offers a broad range of securities for trading, ensuring that clients have diverse investment options to meet their financial goals. As a fully registered broker-dealer, Access Financial Group provides access to the following financial instruments:
Mutual Funds:
Invest in a variety of mutual funds, which pool money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.
Stocks & Options:
Trade individual stocks and options, allowing for direct investment in companies or hedging strategies to manage investment risk.
Bonds:
Purchase government and corporate bonds, providing fixed income investments with varying levels of risk and return.
Treasury Bills:
Invest in short-term government securities, offering a safe and liquid option for preserving capital and earning interest.
Money Market Funds:
Access money market funds that invest in short-term, high-quality investments, ideal for those seeking stability and liquidity.
Services
Access Financial Group provides a range of financial services designed to meet the diverse needs of their clients. These services include:
Personal Investments:
Offering various personal investment accounts such as IRA, Roth IRA, Rollover IRA, Individual Accounts, Joint Accounts, Trust Accounts, and Custodial Accounts. They guide clients through the investment process, helping them select the best options to match their objectives and adapt as those objectives change over time.
Brokerage:
As a fully registered broker-dealer, Access Financial Group enables clients to buy and sell a wide array of financial instruments, including mutual funds, stocks, options, bonds, treasury bills, and money market funds.
Life Planning:
Clients can work with Certified Financial Planners™ to create a financial plan that includes income and expenses, assets and debt, insurance, investments, and retirement goals.
Company Retirement Services:
Specializing in creating and maintaining retirement plans for small businesses, Access Financial Group offers solutions such as 401(k) plans, profit-sharing plans, SIMPLE plans, money purchase pension plans, and SEP plans. These plans help employers support their employees' retirement savings goals.
Investment Advisory:
Providing tailored investment strategies based on an in-depth survey of the client's financial situation, goals, investment horizon, and risk tolerance. This service aims to formulate a personalized investment plan to help clients achieve their financial objectives.
Interment Trust Services:
Focused on funeral homes and cemeteries, this service helps manage Pre-need and Perpetual Care accounts. They offer secure asset management, monthly record keeping, and an easy-to-use account management system through Web Access, ensuring the security and efficiency of client assets and records
Access Financial Group APP Review
Access Financial Group offers the “Quick Access” app for easy management of participant information from mobile devices. The Quick Access app is available for both Apple and Android devices, ensuring accessibility and convenience for users on the go.
Users can log in using their Web Access account credentials and create a secure 4-digit PIN for added security. The app features a flexible search function allowing users to find participant information by last name, first name, or participant DTM#, with an advanced search option using specific letters followed by an asterisk.
Customer Support
Interment Trust Services provides customer support to assist with inquiries and services. Visitors can contact the team directly by calling the main line at 312.655.8200 or sending a fax to 312.655.8224.
For more detailed inquiries, customers can fill out an online form specifying their interest in services for funeral homes, cemeteries, third-party recordkeeping, or other areas. The office is located at 118 N. Clinton Street, Suite 450, Chicago, IL 60661. Customers can also request directions through the provided link for a visit.
Conclusion
Access Financial Group offers a suite of financial services including personal investments, company retirement plans, investment advisory, and interment trust services.
With a history dating back to the mid-1960s, the company prides itself on personalized service, industry expertise, and regulatory compliance through FINRA and SIPC.
Despite lacking a unique trading platform and mobile app, Access Financial Group stands out with its broad range of investment options and personalized financial planning services.
FAQs
- Is Access Financial Group regulated？
- Yes, Access Financial Group is regulated by the Financial Industry Regulatory Authority (FINRA) and is a member of the Securities Investor Protection Corporation (SIPC).
- What types of investment accounts does Access Financial Group offer？
- Access Financial Group offers a variety of investment accounts including IRAs, individual and joint accounts, trust accounts, and custodial accounts.
- Does Access Financial Group provide a mobile app for account access？
- Yes, clients can use the Quick Access app to manage their accounts on the go. The app is available for download on both Apple and Android devices.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
