# ISC Financial Advisors

> 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.

- CRD: 157626
- Filed as: ISC FINANCIAL ADVISORS
- Legal name: Murray Financial Group, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Albert Lea, MN
- Filing period: October 2026
- Form ADV filing dated: February 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157626
- AdvisorCensus page: https://advisorcensus.com/firm/isc-financial-advisors-albert-lea-mn-157626

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Fees and minimums (Form ADV Part 2A brochure dated February 4, 2026)

- Account minimum: None

> 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 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: $1,551,222,706
- Discretionary: $1,201,632,192
- Non-discretionary: $349,590,514

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 955 | $272,174,375 |
| High net worth individuals | 307 | $917,668,550 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 43 | $349,590,514 |
| Charitable organizations | 13 | $11,789,267 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2011 (15 years)
- Employees: 17 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IA, IL, MI, MN, MO, NE, NH, OR, SD, TX, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the March 2026 filing
- Hudson, MN
- Minneapolis, MN

### Websites listed on Form ADV (Item 1.I)
- iscfinancialadvisors.com
- Facebook @ISCFINANCIALADVISORS
- LinkedIn @208400

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $943,324,664 | 14 | February 5, 2021 |
| October 2022 | $1,148,281,734 | 14 | January 20, 2022 |
| October 2023 | $1,002,596,173 | 15 | February 6, 2023 |
| October 2024 | $1,200,848,308 | 15 | February 13, 2024 |
| October 2025 | $1,349,084,643 | 15 | April 17, 2025 |
| October 2026 | $1,551,222,706 | 17 | February 4, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ISC Financial Advisors (CRD 157626): Form ADV filing data as of October 2026.