DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Financial Strategies Group, Inc
Latest filing Mar 25, 2026
First filing on the tape Jun 27, 2017 · 37 filings
SEC status approved since Aug 1, 2017
RAUM
$677M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$665M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$96.8M
derived; firm RAUM over IAPD count
Employees
27
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$677M as of Mar 25, 2026
Mar 5, 2018$151M then
HNW client RAUM$351M as of Mar 25, 2026
Mar 5, 2018$56.4M then
State-registered IARs (5.B.3)7 as of Mar 25, 2026
Mar 5, 20185 then
Employees (5.A)27 as of Mar 25, 2026
Mar 5, 20189 then
Private funds: no history
RAUM +23% over the last fiscal year+20% a year over threeIARs 8 to 7
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $96.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 183derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $195,605derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.9derivedItem 5.A over advisors
- Advisors per office
- 3.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- -13%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, publications, educational seminarsreportedItem 5.G
- Custody
- $66.4M, 350 clientsreportedItem 9.A
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- controlled by a public reporting company (10.A)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$351M52%
- Individuals$315M46%
- Pension and profit-sharing plans$9.7M1.4%
- Charitable organizations$2.3M0.3%
- Individual clients
- 1,086reported
- HNW clients
- 195reported
- Pension plan clients
- 1reported
- Charitable clients
- 2reported
- Accounts
- 3,463reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $66.4M for 350 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Brandon Ellis CarterCertified Financial Planner, Chartered Financial Consultant | Okemos, Mi | Aug 1, 2017 | 20 y | 1 |
| Kyle Robert CooperCertified Financial Planner, Chartered Financial Consultant | Okemos, Mi | Sep 7, 2017 | 14 y | 2 |
| Mark Ellis CarterChartered Financial Consultant | Okemos, Mi | Mar 5, 2019 | 38 y | 1 |
| Justin Tyler MeyerChartered Financial Consultant | Okemos, Mi | Jul 31, 2019 | 12 y | 1 |
| Brittany Ann Culver | Okemos, Mi | Feb 16, 2022 | 16 y | 0 |
| Joel Hoffman | Okemos, Mi | Jul 12, 2024 | 12 y | 0 |
| Brice Patrick CarterCertified Financial Planner, Chartered Financial Consultant | Fenton, Mi | Jul 17, 2024 | 15 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Ronald Stephen Thompson to Corecap AdvisorsAug 16, 2022 · RIA to affiliated broker-dealer or bank
- Ronald Stephen Thompson to Corecap AdvisorsAug 16, 2022 · RIA to affiliated broker-dealer or bank
- Steven Wilbourn to Corecap AdvisorsAug 16, 2022 · RIA to affiliated broker-dealer or bank
- David Claude Roberts to Vima, LLCSep 14, 2020 · RIA to RIA
Joined, latest
- Brice Patrick Carter from Eagle Strategies LLCJul 17, 2024 · Other
- David Claude Roberts from Securian Financial Services, Inc.Oct 18, 2019 · Affiliated broker-dealer or bank to independent RIA
- Justin Tyler Meyer from Eagle Strategies LLCJul 31, 2019 · Affiliated broker-dealer or bank to independent RIA
- Steven Wilbourn from Osaic Wealth, Inc.Jun 18, 2019 · Affiliated broker-dealer or bank to independent RIA
- Mark Ellis Carter from Eagle Strategies LLCMar 5, 2019 · Affiliated broker-dealer or bank to independent RIA
- Kyle Robert Cooper from Eagle Strategies LLCSep 7, 2017 · Other
- Ronald Stephen Thompson from Eagle Strategies LLCAug 1, 2017 · Other
- Brandon Ellis Carter from Eagle Strategies LLCAug 1, 2017 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Corecap AdvisorsAug 16, 2022 · Okemos, Mi
- 3 joined from Eagle Strategies LLCAug 2, 2017 · Northville, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ellis Brandon Carter · Principalcontrolsince 08/2017 · owns 50% to 75%
- Patrick Brice Carter · Vice President & Chief Investment Officercontrolsince 08/2017 · owns 25% to 50%
- Ann Brittany Culver · Chief Compliance Officersince 05/2023 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Okemos, Mi · principal | 7 | 0 | 0 | ||
| Fenton, Mi | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Fenton, MI1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- high employee count relative to advisorsStatic outlier · filing Mar 25, 2026employees per registered advisor of 3.9 against a peer median of 1.4 (947 comparable advisers, 99.0th percentile, 6.2 robust deviations)peers: independent wealth managers, $500M to $1B (947) · 99% percentile
- business activity changedChange between filings · filing Mar 25, 2026portfolio management for pooled vehicles (Item 5.G.4): no on the filing of 2025-09-03, yes on the filing of 2026-03-25peers: independent wealth managers, $500M to $1B (1,483)
- HNW share shiftChange between filings · filing Mar 25, 2026HNW share of RAUM moved from 4.0% to 52.0% between the annual amendments of 2025-03-26 and 2026-03-25peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 3,170 to 3,463Sep 3, 2025 to Mar 25, 2026
- Advisory employees · 9 to 7Sep 3, 2025 to Mar 25, 2026
- Advisory activities · 4 to 7Sep 3, 2025 to Mar 25, 2026
- Charity clients · 3 to 2Sep 3, 2025 to Mar 25, 2026
- HNW clients · 11 to 195Sep 3, 2025 to Mar 25, 2026
- Individual clients · 1,209 to 1,086Sep 3, 2025 to Mar 25, 2026
- Assets in custody · $165M to $66.4MSep 3, 2025 to Mar 25, 2026
- Employees · 25 to 27Sep 3, 2025 to Mar 25, 2026
- Financial planning clients · 0 to 1-10Sep 3, 2025 to Mar 25, 2026
- State-registered IARs · 8 to 7Sep 3, 2025 to Mar 25, 2026
- Discretionary RAUM · $550M to $677MSep 3, 2025 to Mar 25, 2026
- HNW RAUM · $21.1M to $351MSep 3, 2025 to Mar 25, 2026
- Individual RAUM · $516M to $315MSep 3, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $920 to $0Sep 3, 2025 to Mar 25, 2026
- Pension RAUM · $9.8M to $9.7MSep 3, 2025 to Mar 25, 2026
- RAUM · $550M to $677MSep 3, 2025 to Mar 25, 2026
- Financial planning clients · 0 to 0Aug 29, 2025 to Sep 3, 2025
- Accounts · 3,111 to 3,170Jan 29, 2025 to Mar 26, 2025
- Advisory employees · 6 to 9Jan 29, 2025 to Mar 26, 2025
- Individual clients · 1,216 to 1,209Jan 29, 2025 to Mar 26, 2025
- Assets in custody · unset to 164575556.0Jan 29, 2025 to Mar 26, 2025
- Custody of client assets · false to trueJan 29, 2025 to Mar 26, 2025
- Employees · 23 to 25Jan 29, 2025 to Mar 26, 2025
- Financial planning clients · More than 500 to 0Jan 29, 2025 to Mar 26, 2025
- Discretionary RAUM · $469M to $550MJan 29, 2025 to Mar 26, 2025
- HNW RAUM · $20.2M to $21.1MJan 29, 2025 to Mar 26, 2025
- Individual RAUM · $437M to $516MJan 29, 2025 to Mar 26, 2025
- Non-discretionary RAUM · $0 to $920Jan 29, 2025 to Mar 26, 2025
- Pension RAUM · $9.1M to $9.8MJan 29, 2025 to Mar 26, 2025
- RAUM · $469M to $550MJan 29, 2025 to Mar 26, 2025
- Accounts · 3,097 to 3,111Sep 22, 2023 to Mar 20, 2024
- Corporate clients · 2.0 to unsetSep 22, 2023 to Mar 20, 2024
- HNW clients · 64 to 11Sep 22, 2023 to Mar 20, 2024
- Individual clients · 1,188 to 1,216Sep 22, 2023 to Mar 20, 2024
- Pension plan clients · 4 to 1Sep 22, 2023 to Mar 20, 2024
- Employees · 21 to 23Sep 22, 2023 to Mar 20, 2024
- Financial planning clients · 251-500 to More than 500Sep 22, 2023 to Mar 20, 2024
- State-registered IARs · 5 to 8Sep 22, 2023 to Mar 20, 2024
- Discretionary RAUM · $376M to $469MSep 22, 2023 to Mar 20, 2024
- HNW RAUM · $116M to $20.2MSep 22, 2023 to Mar 20, 2024
Signals
6 dated events
- Steven Wilbourn left Financial Strategies Group, Inc for Corecap Advisors (registered 2022-08-16)Aug 16, 2022 · Advisor changed firm · fact
- Ronald Stephen Thompson left Financial Strategies Group, Inc for Corecap Advisors (registered 2022-08-16)Aug 16, 2022 · Advisor changed firm · fact
- Ronald Stephen Thompson left Financial Strategies Group, Inc for Corecap Advisors (registered 2023-01-26)Aug 16, 2022 · Advisor changed firm · fact
- 3 advisors left Financial Strategies Group, Inc (Okemos, MI) for Corecap Advisors on the same dayAug 16, 2022 · Team lift-out · derived
- Financial Strategies Group, Inc reported succeeding to the business of Another Adviser (Form ADV Item 4)Sep 19, 2017 · Succession (Item 4) · fact
- Financial Strategies Group, Inc. filed its initial SEC registration (Form ADV)Jun 27, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/financial-strategies-group-inc-reportedpublic record, Form ADV, Sep 17, 2026
- Website
- FSGMICHIGAN.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (800) 804-0420reportedpublic record, Form ADV, Mar 25, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $96.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026