# Carr Financial Group

> Carr Financial Group is an SEC-registered investment advisory firm in Worcester, MA, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 317321
- Filed as: CARR FINANCIAL GROUP
- Legal name: Carr Financial Group Corporation
- Also doing business as: LUCEY ADVISORY GROUP DBA
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Worcester, MA
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/317321
- AdvisorCensus page: https://advisorcensus.com/firm/carr-financial-group-worcester-ma-317321

## Quick answers

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

**Where is Carr Financial Group located?**
Carr Financial Group's principal office is in Worcester, MA, according to its Form ADV.

**Is Carr Financial Group registered with the SEC or a state?**
Carr Financial Group is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 317321.

**How much does Carr Financial Group manage?**
Carr Financial Group reports $835,932,167 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).

**How have Carr Financial Group's assets and staff changed since 2022?**
In the Form ADV data for Carr Financial Group: Regulatory assets under management: $436,608,961 in the October 2022 data and $835,932,167 in the October 2026 data, up 91%. Total employees: 7 in October 2022 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Carr Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (427); high net worth individuals (192); corporations or other businesses not listed above (6).

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

**Does Carr 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/317321

**Does Carr Financial Group state an account minimum?**
Its Form ADV Part 2A brochure dated May 29, 2026 says: "We have no minimum account size."

**What changed in Carr Financial Group's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $744,163,845 to $835,932,167 (+12%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated May 29, 2026)

- Account minimum: None

> We have no minimum account size.

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

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: $835,932,167
- Discretionary: $835,932,167
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 427 | $150,149,122 |
| High net worth individuals | 192 | $674,692,096 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | Fewer than 5 | $4,221,351 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 6 | $6,869,598 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 9 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, ME, NC, NH, RI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- carrfinancial.com
- Facebook @CarrFinancial
- LinkedIn @carrfinancialgroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $436,608,961 | 7 | June 3, 2022 |
| October 2023 | $466,935,784 | 8 | April 3, 2023 |
| October 2024 | $553,649,818 | 8 | February 1, 2024 |
| October 2025 | $648,435,946 | 9 | July 18, 2025 |
| October 2026 | $835,932,167 | 9 | September 30, 2026 |

Regulatory assets under management: $436,608,961 in the October 2022 data and $835,932,167 in the October 2026 data, up 91%.
Total employees: 7 in October 2022 and 9 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $744,163,845 to $835,932,167 (+12%).

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

### March 2026
- Employees performing advisory functions went from 5 to 7.
- Regulatory assets under management went from $648,435,946 to $744,163,845 (+15%).

### January 2026
- No longer registered or notice-filed in WA.

### December 2025
- Registered or notice-filed in ME.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carr Financial Group (CRD 317321): Form ADV filing data as of October 2026.