{
  "crd_number": 140929,
  "slug": "embarcadero-financial-group-san-francisco-ca-140929",
  "primary_business_name": "EMBARCADERO FINANCIAL GROUP",
  "legal_name": "EMBARCADERO FINANCIAL INVESTMENT ADVISORY, LLC",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-04-10",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-11",
  "carried_forward": false,
  "raum_total": 169751288.0,
  "raum_discretionary": 167924436.0,
  "raum_non_discretionary": 1826852.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 43235723.0,
      "count": 120
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 34012278.0,
      "count": 7
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 92503287.0,
      "count": 39
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://embarcaderofinancial.com",
    "https://facebook.com/embarcaderofinancial",
    "https://linkedin.com/company/embarcadero-financial-group",
    "https://twitter.com/EFG_SF"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140929",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/embarcadero-financial-group-san-francisco-ca-140929",
  "display_name": "Embarcadero Financial Group",
  "summary": "Embarcadero Financial Group is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 11, 2026.",
  "citation": "AdvisorCensus. Embarcadero Financial Group (CRD 140929): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Embarcadero Financial Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Embarcadero Financial Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "How much does Embarcadero Financial Group charge?",
      "a": "Its Form ADV Part 2A brochure dated March 11, 2026 states: Hourly rate: $450 an hour (financial planning services); Flat fee: $1,500 to $50,000 (project or fixed fee). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Embarcadero Financial Group located?",
      "a": "Embarcadero Financial Group's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Embarcadero Financial Group registered with the SEC or a state?",
      "a": "Embarcadero Financial Group is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 140929."
    },
    {
      "q": "How much does Embarcadero Financial Group manage?",
      "a": "Embarcadero Financial Group reports $169,751,288 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (99% discretionary)."
    },
    {
      "q": "How have Embarcadero Financial Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Embarcadero Financial Group: Regulatory assets under management: $164,166,877 in the October 2021 data and $169,751,288 in the October 2026 data, up 3%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Embarcadero Financial Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (120); high net worth individuals (39); pension and profit sharing plans (but not the plan participants or government pension plans) (7)."
    },
    {
      "q": "Which custodians does Embarcadero Financial Group use?",
      "a": "Embarcadero Financial Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Embarcadero Financial Group report any disciplinary disclosures?",
      "a": "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/140929"
    },
    {
      "q": "Does Embarcadero Financial Group state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 11, 2026 says: \"EFIA requires a minimum account size of $100,000, although in certain circumstances, separate client accounts may be aggregated to meet this minimum.\""
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 164166877.0,
      "total_employees": 6,
      "filing_date": "2021-09-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 207197864.0,
      "total_employees": 6,
      "filing_date": "2022-03-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 179562134.0,
      "total_employees": 6,
      "filing_date": "2023-08-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 150510017.0,
      "total_employees": 4,
      "filing_date": "2024-03-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 159889835.0,
      "total_employees": 4,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 169751288.0,
      "total_employees": 4,
      "filing_date": "2026-03-11"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 11, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$3,000",
    "planning_fees": [
      "Hourly rate: $450 an hour (financial planning services)",
      "Flat fee: $1,500 to $50,000 (project or fixed fee)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000"
        ],
        "quotes": [
          "EFIA requires a minimum account size of $100,000, although in certain circumstances, separate client accounts may be aggregated to meet this minimum."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $3,000"
        ],
        "quotes": [
          "Minimum Annual Investment Management Fee* $3,000 *Under certain circumstances, based upon the nature of the Account and the services requested, EFIA in its sole discretion may modify or waive the minimum annual fee."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $450 an hour (financial planning services)"
        ],
        "quotes": [
          "For its financial planning services, EFIA may charge an hourly fee of $450 or provide services on the basis of project or fixed fee ranging from $1,500 to $50,000, depending upon the complexity of a Client’s requirements or objectives."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $50,000 (project or fixed fee)"
        ],
        "quotes": [
          "For its financial planning services, EFIA may charge an hourly fee of $450 or provide services on the basis of project or fixed fee ranging from $1,500 to $50,000, depending upon the complexity of a Client’s requirements or objectives."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 100000.0,
      "minimum_annual_fee": 3000.0,
      "planning": [
        {
          "kind": "hourly",
          "amount": 450.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 50000.0,
          "period": "one_time",
          "service": "project or fixed fee"
        }
      ]
    },
    "quotes": [
      "EFIA requires a minimum account size of $100,000, although in certain circumstances, separate client accounts may be aggregated to meet this minimum.",
      "Minimum Annual Investment Management Fee* $3,000 *Under certain circumstances, based upon the nature of the Account and the services requested, EFIA in its sole discretion may modify or waive the minimum annual fee.",
      "For its financial planning services, EFIA may charge an hourly fee of $450 or provide services on the basis of project or fixed fee ranging from $1,500 to $50,000, depending upon the complexity of a Client’s requirements or objectives.",
      "For its financial planning services, EFIA may charge an hourly fee of $450 or provide services on the basis of project or fixed fee ranging from $1,500 to $50,000, depending upon the complexity of a Client’s requirements or objectives."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/embarcadero-financial-group-san-francisco-ca-140929.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 120,
      "fewer_than_5": false,
      "raum": 43235723.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 39,
      "fewer_than_5": false,
      "raum": 92503287.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 34012278.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140929",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}