# Ethos Financial Group, LLC

> Ethos Financial Group, LLC is an SEC-registered investment advisory firm in King of Prussia, PA, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 12, 2026.

- CRD: 321748
- Filed as: ETHOS FINANCIAL GROUP, LLC
- Also doing business as: ALPHA WHISKEY, CHAPWOOD INVESTMENTS, COHESION PARTNERS, ETHOS FAMILY OFFICE, FRONT STREET FINANCIAL, LIBERTY RIDGE, MARSINI ESTATE & WEALTH, MICHAEL MALONE INVESTMENT ADVISORY, PETERS WEALTH ADVISORS, PROTEA WEALTH MANAGEMENT, VERITY WEALTH ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: King of Prussia, PA
- Filing period: October 2026
- Form ADV filing dated: August 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/321748
- AdvisorCensus page: https://advisorcensus.com/firm/ethos-financial-group-llc-king-of-prussia-pa-321748

## Quick answers

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

**What does Ethos Financial Group, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated July 7, 2026 states: Asset-based fee: 0.25% to 2.5% 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 Ethos Financial Group, LLC located?**
Ethos Financial Group, LLC's principal office is in King of Prussia, PA, according to its Form ADV; the September 2026 filing also lists 9 other offices (Schedule D, Section 1.F).

**Is Ethos Financial Group, LLC registered with the SEC or a state?**
Ethos Financial Group, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 321748.

**How much does Ethos Financial Group, LLC manage?**
Ethos Financial Group, LLC reports $2,144,085,745 in regulatory assets under management in its Form ADV filing dated August 12, 2026 (89% discretionary).

**How have Ethos Financial Group, LLC's assets and staff changed since 2022?**
In the Form ADV data for Ethos Financial Group, LLC: Regulatory assets under management: $600,981,643 in the October 2022 data and $2,144,085,745 in the October 2026 data, up 257%. Total employees: 16 in October 2022 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ethos Financial Group, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,327); high net worth individuals (382); corporations or other businesses not listed above (86).

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

**Does Ethos Financial Group, LLC 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/321748

**Does Ethos Financial Group, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 7, 2026 says: "A minimum of $100,000 of assets under management is typically required for this service. Minimum account size may be waived by Ethos at its discretion."

**What changed in Ethos Financial Group, LLC's recent Form ADV filings?**
In the September 2026 filing data: Added an office in Chester, MD.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated July 7, 2026)

- Asset-based fee: 0.25% to 2.5% a year (a range, as the brochure states it)

> Our annual fees for Investment Advisory Services are based upon a percentage of assets under management and generally range from 0.25% to 2.5 %.

> Ethos’ investment advisory fee is based upon a percentage (%) of the market value of the assets placed under Ethos’ management and generally ranges from .25% to 2.5% annually.

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> A minimum of $100,000 of assets under management is typically required for this service. Minimum account size may be waived by Ethos at its discretion.

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.
- Citigroup Global Markets 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: $2,144,085,745
- Discretionary: $1,913,267,161
- Non-discretionary: $230,818,584

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,327 | $359,013,511 |
| High net worth individuals | 382 | $1,297,269,914 |
| Charitable organizations | 12 | $35,265,937 |
| Other investment advisers | 1 | $26,332,280 |
| Corporations or other businesses not listed above | 86 | $426,204,103 |

### 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
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 44 total, 33 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, CO, CT, FL, GA, IL, LA, MD, MI, MS, NC, NE, NH, NJ, NM, NY, PA, SC, TN, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Baton Rouge, LA
- Camp Hill, PA
- Charleston, SC
- Chester, MD
- Clark, NJ
- Harrisburg, PA
- Lancaster, PA
- Mechanicsburg, PA
- Plano, TX

### Websites listed on Form ADV (Item 1.I)
- alpha-whiskey.com
- chapwoodinvestments.com
- cohesion.partners.com
- edbutowsky.com
- ethosfg.com
- frontstreetfin.com
- libertyridgefinancial.com
- michaelmaloneinvestments.com
- peterswealth.com
- proteawealthmgmt.com
- veritywa.com
- Facebook @FRONTSTREETFIN
- Facebook @ProteaWealth
- Facebook @chapwood
- Instagram @proteawealthmanagement
- LinkedIn @ALPHA-WHISKEY
- LinkedIn @ETHOS-FINANCIAL-GROUP-LLC
- LinkedIn @FRONT-STREET-FINANCIAL
- LinkedIn @chapwood-capital-investment-management
- YouTube @MakingSensewithEdButowsky

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $600,981,643 | 16 | September 30, 2022 |
| October 2023 | $651,837,810 | 16 | June 22, 2023 |
| October 2024 | $913,934,805 | 24 | September 16, 2024 |
| October 2025 | $1,576,974,645 | 36 | April 23, 2025 |
| October 2026 | $2,144,085,745 | 44 | August 12, 2026 |

Regulatory assets under management: $600,981,643 in the October 2022 data and $2,144,085,745 in the October 2026 data, up 257%.
Total employees: 16 in October 2022 and 44 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Added an office in Chester, MD.

### August 2026
- Added the business name Protea Wealth Management.
- Added the business name Liberty Ridge.
- Employees performing advisory functions went from 27 to 33.
- Added an office in Mechanicsburg, PA.

### April 2026
- No longer lists the business name Stillwater Partners.
- Employees performing advisory functions went from 29 to 27.
- No longer lists an office in Austin, TX.
- Registered or notice-filed in WA.

### January 2026
- Added the business name Stillwater Partners.
- Added the business name Cohesion Partners.
- Employees performing advisory functions went from 27 to 29.
- Regulatory assets under management went from $1,576,974,645 to $2,061,300,878 (+31%).
- Added an office in Charleston, SC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ethos Financial Group, LLC (CRD 321748): Form ADV filing data as of October 2026.