# Everest Financial Group

> Everest Financial Group is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 137260
- Filed as: EVEREST FINANCIAL GROUP
- Legal name: Everest Financial Group LLC
- Also doing business as: SINCERE FINANCIAL LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/137260
- AdvisorCensus page: https://advisorcensus.com/firm/everest-financial-group-minneapolis-mn-137260

## Quick answers

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

**How much does Everest Financial Group charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 2.25% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

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

**Is Everest Financial Group registered with the SEC or a state?**
Everest Financial Group is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 137260.

**How much does Everest Financial Group manage?**
Everest Financial Group reports $1,002,472,036 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (99% discretionary).

**How have Everest Financial Group's assets and staff changed since 2021?**
In the Form ADV data for Everest Financial Group: Regulatory assets under management: $540,196,555 in the October 2021 data and $1,002,472,036 in the October 2026 data, up 86%. Total employees: 12 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Everest Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,590); high net worth individuals (350).

**Which custodians does Everest Financial Group use?**
Everest 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 Everest 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/137260

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: up to 2.25% of assets a year (the maximum the brochure states)

> Our annual fee for investment management services is based on a percentage of the assets held in your account, and will not exceed 2.25%.

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: $1,002,472,036
- Discretionary: $989,360,152
- Non-discretionary: $13,111,884

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,590 | $380,750,390 |
| High net worth individuals | 350 | $621,721,646 |

### 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)
- Educational seminars/workshops

### Firm details
- Registered since: 2007 (19 years)
- Employees: 12 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, IA, IL, LA, MI, MN, ND, NE, NY, OR, PA, TX, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Wayzata, MN

### Websites listed on Form ADV (Item 1.I)
- everestfg.us
- sincerefinancial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $540,196,555 | 12 | August 5, 2021 |
| October 2022 | $684,967,370 | 18 | August 22, 2022 |
| October 2023 | $607,077,682 | 18 | March 22, 2023 |
| October 2024 | $828,854,265 | 14 | June 25, 2024 |
| October 2025 | $912,366,781 | 12 | March 25, 2025 |
| October 2026 | $1,002,472,036 | 12 | March 30, 2026 |

Regulatory assets under management: $540,196,555 in the October 2021 data and $1,002,472,036 in the October 2026 data, up 86%.
Total employees: 12 in October 2021 and 12 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Everest Financial Group (CRD 137260): Form ADV filing data as of October 2026.