AdvisorCensus / Financial advisors / Minnesota / ISC Financial Advisors
ISC Financial Advisors
Filed as ISC FINANCIAL ADVISORS · Legal name Murray Financial Group, LLC
ISC Financial Advisors is an SEC-registered investment advisory firm in Albert Lea, MN, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 4, 2026.
Quick answers
From the filingHow is ISC Financial Advisors compensated?
On its Form ADV (Item 5.E, October 2026), ISC Financial Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges.
Where is ISC Financial Advisors located?
ISC Financial Advisors' principal office is in Albert Lea, MN, according to its Form ADV; the March 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is ISC Financial Advisors registered with the SEC or a state?
ISC Financial Advisors is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 157626.
How much does ISC Financial Advisors manage?
ISC Financial Advisors reports $1,551,222,706 in regulatory assets under management in its Form ADV filing dated February 4, 2026 (77% discretionary).
How have ISC Financial Advisors' assets and staff changed since 2021?
In the Form ADV data for ISC Financial Advisors: Regulatory assets under management: $943,324,664 in the October 2021 data and $1,551,222,706 in the October 2026 data, up 64%. Total employees: 14 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does ISC Financial Advisors serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (955); high net worth individuals (307); pension and profit sharing plans (but not the plan participants or government pension plans) (43).
Which custodians does ISC Financial Advisors use?
ISC Financial Advisors' 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 ISC Financial Advisors 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/157626
Does ISC Financial Advisors state an account minimum?
Its Form ADV Part 2A brochure dated February 4, 2026 says: "There are no minimum investment amounts or conditions required for establishing an account managed by ISC Financial Advisors. However, all clients are required to execute an agreement for services in order to establish a client arrangement with ISC Financial Advisors."
What changed in ISC Financial Advisors' recent Form ADV filings?
In the March 2026 filing data: Regulatory assets under management went from $1,349,084,643 to $1,551,222,706 (+15%). Changed its office addresses in Minneapolis, MN.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
There are no minimum investment amounts or conditions required for establishing an account managed by ISC Financial Advisors. However, all clients are required to execute an agreement for services in order to establish a client arrangement with ISC Financial Advisors.
As stated in the firm's Form ADV Part 2A brochure dated February 4, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,551,222,706 as of October 2026, filing dated February 4, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Legal name
- Murray Financial Group, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2011 (15 years)
- Employees
- Total: 17. Performing investment advisory functions: 10.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the March 2026 filing
- States registered or notice-filed
-
16 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,551,222,706 | 17 | February 4, 2026 |
| October 2025 | $1,349,084,643 | 15 | April 17, 2025 |
| October 2024 | $1,200,848,308 | 15 | February 13, 2024 |
| October 2023 | $1,002,596,173 | 15 | February 6, 2023 |
| October 2022 | $1,148,281,734 | 14 | January 20, 2022 |
| October 2021 | $943,324,664 | 14 | February 5, 2021 |
Regulatory assets under management: $943,324,664 in the October 2021 data and $1,551,222,706 in the October 2026 data, up 64%.
Total employees: 14 in October 2021 and 17 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Regulatory assets under management went from $1,349,084,643 to $1,551,222,706 (+15%).
- Changed its office addresses in Minneapolis, MN.
- January 2026
- No longer registered or notice-filed in NV.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. ISC Financial Advisors (CRD 157626): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/isc-financial-advisors-albert-lea-mn-157626