# Berger Financial Group

> Berger Financial Group is an SEC-registered investment advisory firm in Plymouth, MN, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.

- CRD: 308174
- Filed as: BERGER FINANCIAL GROUP
- Legal name: Berger Financial Group, LLC
- Also doing business as: INDEPENDENT FINANCIAL COMPANY, ROBERT GORDON ASSOCIATES, INC., TONDRYK WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plymouth, MN
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/308174
- AdvisorCensus page: https://advisorcensus.com/firm/berger-financial-group-plymouth-mn-308174

## Quick answers

**How is Berger Financial Group compensated?**
On its Form ADV (Item 5.E, October 2026), Berger Financial Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Berger Financial Group charge?**
Its Form ADV Part 2A brochure dated August 13, 2026 states: Asset-based fee: 0.25% to 2.25% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Berger Financial Group located?**
Berger Financial Group's principal office is in Plymouth, MN, according to its Form ADV; the October 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Berger Financial Group registered with the SEC or a state?**
Berger Financial Group is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 308174.

**How much does Berger Financial Group manage?**
Berger Financial Group reports $2,948,862,004 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (100% discretionary).

**How have Berger Financial Group's assets and staff changed since 2021?**
In the Form ADV data for Berger Financial Group: Regulatory assets under management: $1,045,288,367 in the October 2021 data and $2,948,862,004 in the October 2026 data, up 182%. Total employees: 40 in October 2021 and 89 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Berger Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,942); high net worth individuals (813); corporations or other businesses not listed above (37).

**Which custodians does Berger Financial Group use?**
Berger Financial Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Berger Financial Group report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/308174

**Does Berger Financial Group state an account minimum?**
Its Form ADV Part 2A brochure dated August 13, 2026 says: "Berger Financial does not require an account minimum to engage our services."

**What changed in Berger Financial Group's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated August 13, 2026)

- Asset-based fee: 0.25% to 2.25% a year (a range, as the brochure states it)

> Clients are charged the fee set forth in the applicable client agreement which ranges from .25% to 2.25% annually.

- Account minimum: None

> Berger Financial does not require an account minimum to engage our services.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,948,862,004
- Discretionary: $2,948,862,004
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,942 | $2,065,346,045 |
| High net worth individuals | 813 | $866,226,210 |
| Charitable organizations | 5 | $2,396,756 |
| State or municipal government entities (including government pension plans) | 3 | $3,817,500 |
| Corporations or other businesses not listed above | 37 | $11,075,493 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops

### Firm details
- Registered since: 2020 (6 years)
- Employees: 89 total, 57 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Bloomington, MN
- Minnetonka, MN
- Monticello, MN
- Portland, ME
- S. Burlington, VT
- Scottsdale, AZ
- Springfield, IL
- Sun City West, AZ

### Websites listed on Form ADV (Item 1.I)
- [bergerfinancialgroup.com](https://bergerfinancialgroup.com)
- [indfinco.com](https://indfinco.com)
- [rga-advisors.com](https://rga-advisors.com)
- Facebook @Bergerfinancialgroup
- Facebook @RobertGordonInc
- Instagram @bergerfinancial
- LinkedIn @berger-financial-group-inc
- X @bergerfingroup
- YouTube @bergerfinancialgroup6655

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,045,288,367 | 40 | March 16, 2021 |
| October 2022 | $1,451,635,962 | 51 | March 23, 2022 |
| October 2023 | $1,365,502,656 | 60 | August 28, 2023 |
| October 2024 | $1,661,051,044 | 64 | March 22, 2024 |
| October 2025 | $2,500,753,183 | 70 | February 20, 2025 |
| October 2026 | $2,948,862,004 | 89 | September 3, 2026 |

Regulatory assets under management: $1,045,288,367 in the October 2021 data and $2,948,862,004 in the October 2026 data, up 182%.
Total employees: 40 in October 2021 and 89 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### September 2026
- Changed its legal name from Berger Financial Group, Inc. to Berger Financial Group, LLC.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 54 to 57.
- Regulatory assets under management went from $2,500,753,183 to $2,948,862,004 (+18%).
- Added an office in Springfield, IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Berger Financial Group (CRD 308174): Form ADV filing data as of October 2026.