{
  "crd_number": 160128,
  "slug": "m-group-160128",
  "primary_business_name": "M GROUP",
  "legal_name": "M GROUP INVESTMENT ADVISOR, LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-12-18",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-16",
  "carried_forward": false,
  "raum_total": 343542596.0,
  "raum_discretionary": 256923885.0,
  "raum_non_discretionary": 86618711.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 42106736.0,
      "count": 291
    },
    "pension_profit_sharing": {
      "raum": 245986175.0,
      "count": 62
    },
    "high_net_worth_individuals": {
      "raum": 55449685.0,
      "count": 95
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "OR",
    "TX",
    "WA"
  ],
  "websites": [
    "https://401kfringes.com",
    "https://linkedin.com/company/m-group-investment-advisor",
    "https://planwithm.com",
    "https://twitter.com/MGroupIA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160128",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/m-group-160128",
  "display_name": "M Group",
  "summary": "M Group is an SEC-registered investment advisory firm, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.",
  "citation": "AdvisorCensus. M Group (CRD 160128): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is M Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), M Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does M Group charge?",
      "a": "Its Form ADV Part 2A brochure dated March 16, 2026 states: Hourly rate: $750 an hour (advisory services or consulting services); Flat fee: $1,000 (plan set up). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is M Group registered with the SEC or a state?",
      "a": "M Group is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 160128."
    },
    {
      "q": "How much does M Group manage?",
      "a": "M Group reports $343,542,596 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (75% discretionary)."
    },
    {
      "q": "How have M Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for M Group: Regulatory assets under management: $201,126,113 in the October 2021 data and $343,542,596 in the October 2026 data, up 71%. Total employees: 3 in October 2021 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 M Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (291); high net worth individuals (95); pension and profit sharing plans (but not the plan participants or government pension plans) (62)."
    },
    {
      "q": "Which custodians does M Group use?",
      "a": "M Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ascensus Broker Dealer Services, LLC, Charles Schwab & Co., Inc. and Empower Financial Services, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does M Group 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/160128"
    },
    {
      "q": "Does M Group state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 16, 2026 says: \"M Group generally does not impose a minimum account size for establishing a relationship.\""
    },
    {
      "q": "What changed in M Group's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $299,628,830 to $343,542,596 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 201126113.0,
      "total_employees": 3,
      "filing_date": "2021-09-09"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 242830857.0,
      "total_employees": 3,
      "filing_date": "2022-02-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 224234137.0,
      "total_employees": 3,
      "filing_date": "2023-03-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 256172304.0,
      "total_employees": 3,
      "filing_date": "2024-03-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 299628830.0,
      "total_employees": 3,
      "filing_date": "2025-02-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 343542596.0,
      "total_employees": 2,
      "filing_date": "2026-03-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 2.",
        "Regulatory assets under management went from $299,628,830 to $343,542,596 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 16, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $750 an hour (advisory services or consulting services)",
      "Flat fee: $1,000 (plan set up)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "M Group generally does not impose a minimum account size for establishing a relationship."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $750 an hour (advisory services or consulting services)"
        ],
        "quotes": [
          "M Group offers advisory services or consulting services on an hourly basis at a rate of up to $750 per hour, which may be negotiable depending on the nature and complexity of each Client's circumstances."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 (plan set up)"
        ],
        "quotes": [
          "Flat Fee plan set up $1000"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 750.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "advisory services or consulting services"
        },
        {
          "kind": "flat",
          "amount": 1000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "plan set up"
        }
      ]
    },
    "quotes": [
      "M Group generally does not impose a minimum account size for establishing a relationship.",
      "M Group offers advisory services or consulting services on an hourly basis at a rate of up to $750 per hour, which may be negotiable depending on the nature and complexity of each Client's circumstances.",
      "Flat Fee plan set up $1000"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Ascensus Broker Dealer Services, LLC",
      "name_as_filed": "ASCENSUS BROKER DEALER SERVICES, LLC",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Empower Financial Services, Inc.",
      "name_as_filed": "EMPOWER FINANCIAL SERVICES, 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/m-group-160128.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 291,
      "fewer_than_5": false,
      "raum": 42106736.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 95,
      "fewer_than_5": false,
      "raum": 55449685.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 62,
      "fewer_than_5": false,
      "raum": 245986175.0
    }
  ],
  "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/160128",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}