# Greenberg Financial Group

> Greenberg Financial Group is an SEC-registered investment advisory firm in Tucson, AZ, registered since 1990, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 38747
- Filed as: GREENBERG FINANCIAL GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tucson, AZ
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/38747
- AdvisorCensus page: https://advisorcensus.com/firm/greenberg-financial-group-tucson-az-38747

## Quick answers

**How is Greenberg Financial Group compensated?**
On its Form ADV (Item 5.E, October 2026), Greenberg Financial Group reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Greenberg Financial Group located?**
Greenberg Financial Group's principal office is in Tucson, AZ, according to its Form ADV.

**Is Greenberg Financial Group registered with the SEC or a state?**
Greenberg Financial Group is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 38747.

**How much does Greenberg Financial Group manage?**
Greenberg Financial Group reports $406,904,132 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (90% discretionary).

**How have Greenberg Financial Group's assets and staff changed since 2021?**
In the Form ADV data for Greenberg Financial Group: Regulatory assets under management: $187,419,612 in the October 2021 data and $406,904,132 in the October 2026 data, up 117%. Total employees: 5 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Greenberg Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (675); high net worth individuals (125); pension and profit sharing plans (but not the plan participants or government pension plans) (4).

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

**Does Greenberg 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/38747

**What changed in Greenberg Financial Group's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $331,247,699 to $406,904,132 (+23%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- RBC Capital Markets, LLC

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: $406,904,132
- Discretionary: $368,065,723
- Non-discretionary: $38,838,409

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 675 | $177,733,522 |
| High net worth individuals | 125 | $228,506,301 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $664,309 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 1990 (36 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, KY, MI, MN, NV, NY, OH, OR, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- greenbergfinancial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $187,419,612 | 5 | September 17, 2021 |
| October 2022 | $206,563,416 | 5 | March 28, 2022 |
| October 2023 | $188,763,107 | 5 | March 16, 2023 |
| October 2024 | $257,773,955 | 6 | March 26, 2024 |
| October 2025 | $331,247,699 | 6 | June 24, 2025 |
| October 2026 | $406,904,132 | 10 | March 16, 2026 |

Regulatory assets under management: $187,419,612 in the October 2021 data and $406,904,132 in the October 2026 data, up 117%.
Total employees: 5 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $331,247,699 to $406,904,132 (+23%).

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

### December 2025
- Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.E(2)).
- Employees performing advisory functions went from 5 to 6.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Greenberg Financial Group (CRD 38747): Form ADV filing data as of October 2026.