{
  "crd_number": 327996,
  "slug": "genesis-financial-group-llc-paramus-nj-327996",
  "primary_business_name": "GENESIS FINANCIAL GROUP, LLC",
  "legal_name": "GENESIS FINANCIAL GROUP, LLC",
  "dbas": [
    "LEGACY TCP ADVISORY SERVICES"
  ],
  "city": "Paramus",
  "state": "NJ",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-01-10",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-03-11",
  "carried_forward": false,
  "raum_total": 171310000.0,
  "raum_discretionary": 171310000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 102735000.0,
      "count": 45
    },
    "pension_profit_sharing": {
      "raum": 1500000.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 48000000.0,
      "count": 25
    },
    "pooled_investment_vehicles": {
      "raum": 18000000.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 1075000.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NJ",
    "NY",
    "TX"
  ],
  "websites": [
    "https://genesisfinancialgroupllc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327996",
  "city_as_filed": "PARAMUS",
  "url": "https://advisorcensus.com/firm/genesis-financial-group-llc-paramus-nj-327996",
  "display_name": "Genesis Financial Group, LLC",
  "summary": "Genesis Financial Group, LLC is an SEC-registered investment advisory firm in Paramus, NJ, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 11, 2026.",
  "citation": "AdvisorCensus. Genesis Financial Group, LLC (CRD 327996): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Genesis Financial Group, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Genesis Financial Group, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Genesis Financial Group, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 11, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Genesis Financial Group, LLC located?",
      "a": "Genesis Financial Group, LLC's principal office is in Paramus, NJ, according to its Form ADV."
    },
    {
      "q": "Is Genesis Financial Group, LLC registered with the SEC or a state?",
      "a": "Genesis Financial Group, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 327996."
    },
    {
      "q": "How much does Genesis Financial Group, LLC manage?",
      "a": "Genesis Financial Group, LLC reports $171,310,000 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (100% discretionary)."
    },
    {
      "q": "How have Genesis Financial Group, LLC's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Genesis Financial Group, LLC: Regulatory assets under management: $102,000,000 in the October 2025 data and $171,310,000 in the October 2026 data, up 68%. Total employees: 2 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Genesis Financial Group, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (45); high net worth individuals (25); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does Genesis Financial Group, LLC use?",
      "a": "Genesis Financial Group, LLC'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."
    },
    {
      "q": "Does Genesis Financial Group, LLC 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/327996"
    },
    {
      "q": "What changed in Genesis Financial Group, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $102,000,000 to $171,310,000 (+68%)."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 102000000.0,
      "total_employees": 2,
      "filing_date": "2025-05-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 171310000.0,
      "total_employees": 2,
      "filing_date": "2026-03-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $102,000,000 to $171,310,000 (+68%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 11, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Fees for individually managed accounts are based on the amount of assets under our management. Fees based on a percentage of assets under management will not exceed 2%."
        ]
      }
    ],
    "quotes": [
      "Fees for individually managed accounts are based on the amount of assets under our management. Fees based on a percentage of assets under management will not exceed 2%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/genesis-financial-group-llc-paramus-nj-327996.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 45,
      "fewer_than_5": false,
      "raum": 102735000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 25,
      "fewer_than_5": false,
      "raum": 48000000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 18000000.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1500000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1075000.0
    }
  ],
  "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/327996",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}