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
Carter Financial Group, Inc.
Latest filing Mar 5, 2026
First filing on the tape Feb 19, 2020 · 32 filings
SEC status approved since Jun 19, 2020
RAUM
$382M
reported, Item 5.F
Discretionary
87%
of RAUM
Private clients
98%
$373M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$76.4M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$382M as of Mar 5, 2026
Feb 19, 2021$208M then
HNW client RAUM$137M as of Mar 5, 2026
Feb 19, 2021$115M then
State-registered IARs (5.B.3)6 as of Mar 5, 2026
Feb 19, 20211 then
Employees (5.A)9 as of Mar 5, 2026
Feb 19, 20216 then
Private funds: no history
RAUM +18% over the last fiscal year+18% a year over threeIARs 5 to 6offices 1 to 2
Practice profile
derived from the filing of Mar 5, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $76.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 165derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.8MderivedHNW RAUM over HNW clients
- Average account
- $169,352derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 87%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 1.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.7%derived
- Compensation
- percentage of assets, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Custody
- $118M, 345 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$236M62%
- High-net-worth individuals$137M36%
- Corporations and businesses$8.9M2.3%
- Individual clients
- 777reported
- HNW clients
- 49reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2,257reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $118M for 345 clientsreported
- Compensation
- % of AUM, fixed, commissionsreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jennifer Ann KarchCertified Financial Planner | Barrington, Il | Oct 14, 2019 | 15 y | 1 |
| Stephanie Leigh Hagan | Barrington, Il | Oct 14, 2019 | 13 y | 1 |
| Kevin Kenneth CarterCertified Financial Planner | Barrington, Il | Oct 23, 2019 | 35 y | 1 |
| Teri Linn Shaw | Morris, Il | Apr 30, 2021 | 26 y | 4 |
| Hannah Marie Carter | Barrington, Il | Jul 26, 2022 | 10 y | 0 |
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
- Gery Joseph Sadzewicz to Rebellion Capital Advisors, LLCFeb 6, 2020 · Other
Joined, latest
- Teri Linn Shaw from Voya Financial Advisors, Inc.Apr 30, 2021 · Affiliated broker-dealer or bank to independent RIA
- Kevin Kenneth Carter from Voya Financial Advisors, Inc.Oct 23, 2019 · Affiliated broker-dealer or bank to independent RIA
- Stephanie Leigh Hagan from Voya Financial Advisors, Inc.Oct 14, 2019 · Affiliated broker-dealer or bank to independent RIA
- Jennifer Ann Karch from Voya Financial Advisors, Inc.Oct 14, 2019 · Affiliated broker-dealer or bank to independent RIA
- Gery Joseph Sadzewicz from Oakstone Financial Management, LLCSep 11, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Voya Financial Advisors, Inc.Oct 15, 2019 · Brooklyn Park, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Kenneth Kevin Carter · Presidentcontrolsince 10/2019 · owns 75% or more
- Joseph Gery Sadzewicz · Chief Compliance Officercontrolsince 05/2019 · owns less than 5%
- Leigh Stephanie Hagan · Membersince 10/2019 · owns 5% to 10%
- Ann Jennifer Karch · Membersince 01/2018 · 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 |
|---|---|---|---|---|---|
| Barrington, Il · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Morris, IL2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 5, 2026HNW share of RAUM moved from 57.0% to 36.0% between the annual amendments of 2025-02-27 and 2026-03-05peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 2,093 to 2,257Jan 5, 2026 to Mar 5, 2026
- Advisory employees · 5 to 6Jan 5, 2026 to Mar 5, 2026
- Charity clients · unset to 0.0Jan 5, 2026 to Mar 5, 2026
- HNW clients · 76 to 49Jan 5, 2026 to Mar 5, 2026
- Individual clients · 736 to 777Jan 5, 2026 to Mar 5, 2026
- Assets in custody · $148M to $118MJan 5, 2026 to Mar 5, 2026
- State-registered IARs · 5 to 6Jan 5, 2026 to Mar 5, 2026
- Discretionary RAUM · $262M to $332MJan 5, 2026 to Mar 5, 2026
- HNW RAUM · $184M to $137MJan 5, 2026 to Mar 5, 2026
- Individual RAUM · $131M to $236MJan 5, 2026 to Mar 5, 2026
- Non-discretionary RAUM · $63.2M to $50.3MJan 5, 2026 to Mar 5, 2026
- RAUM · $325M to $382MJan 5, 2026 to Mar 5, 2026
- Other offices · 1 to 2Feb 27, 2025 to Sep 18, 2025
- Accounts · 1,986 to 2,093May 29, 2024 to Feb 27, 2025
- Advisory employees · 4 to 5May 29, 2024 to Feb 27, 2025
- HNW clients · 72 to 76May 29, 2024 to Feb 27, 2025
- Individual clients · 745 to 736May 29, 2024 to Feb 27, 2025
- Assets in custody · $139M to $148MMay 29, 2024 to Feb 27, 2025
- Financial planning clients · 1-10 to 1-10May 29, 2024 to Feb 27, 2025
- State-registered IARs · 2 to 5May 29, 2024 to Feb 27, 2025
- Discretionary RAUM · $246M to $262MMay 29, 2024 to Feb 27, 2025
- HNW RAUM · $162M to $184MMay 29, 2024 to Feb 27, 2025
- Individual RAUM · $119M to $131MMay 29, 2024 to Feb 27, 2025
- Non-discretionary RAUM · $44.6M to $63.2MMay 29, 2024 to Feb 27, 2025
- RAUM · $291M to $325MMay 29, 2024 to Feb 27, 2025
- Accounts · 1,959 to 1,986Aug 29, 2023 to Mar 5, 2024
- HNW clients · 49 to 72Aug 29, 2023 to Mar 5, 2024
- Individual clients · 771 to 745Aug 29, 2023 to Mar 5, 2024
- Assets in custody · $24.0M to $139MAug 29, 2023 to Mar 5, 2024
- Discretionary RAUM · $231M to $246MAug 29, 2023 to Mar 5, 2024
- HNW RAUM · $110M to $162MAug 29, 2023 to Mar 5, 2024
- Individual RAUM · $121M to $119MAug 29, 2023 to Mar 5, 2024
- Non-discretionary RAUM · $2.2M to $44.6MAug 29, 2023 to Mar 5, 2024
- RAUM · $233M to $291MAug 29, 2023 to Mar 5, 2024
- Advisory activities · 2 to 3Mar 28, 2023 to Mar 28, 2023
- Accounts · 1,309 to 1,959Jan 20, 2023 to Feb 6, 2023
- BD registered reps · 1 to 2Jan 20, 2023 to Feb 6, 2023
- HNW clients · 61 to 49Jan 20, 2023 to Feb 6, 2023
- Individual clients · 193 to 771Jan 20, 2023 to Feb 6, 2023
- Assets in custody · $84.9M to $24.0MJan 20, 2023 to Feb 6, 2023
Signals
1 dated events
- Carter Financial Group, Inc. filed its initial SEC registration (Form ADV)Feb 19, 2020 · 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
- Business email
- hello@carterfinancialgroup.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 847-713-2700reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- CARTERFINANCIALGROUP.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 847-713-2700reportedpublic record, Form ADV, Mar 5, 2026
- Contact form
- CARTERFINANCIALGROUP.COM/contactreportedpublished by the firm, firm site, Sep 17, 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
- $76.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026