{
  "crd_number": 297882,
  "slug": "millstone-financial-group-princeton-nj-297882",
  "primary_business_name": "MILLSTONE FINANCIAL GROUP",
  "legal_name": "MILLSTONE FINANCIAL GROUP LIMITED LIABILITY COMPANY",
  "dbas": [],
  "city": "Princeton",
  "state": "NJ",
  "country": "United States",
  "cbsa_code": "45940",
  "metro": {
    "cbsa_code": "45940",
    "common_name": "Trenton",
    "msa_name": "Trenton-Princeton, NJ",
    "path": "/advisors/nj/trenton"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-03-20",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-06-24",
  "carried_forward": false,
  "raum_total": 104431570.0,
  "raum_discretionary": 101458387.0,
  "raum_non_discretionary": 2973183.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 50861474.0,
      "count": 230
    },
    "high_net_worth_individuals": {
      "raum": 53570096.0,
      "count": 67
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "NC",
    "NH",
    "NJ",
    "NY",
    "PA",
    "SC"
  ],
  "websites": [
    "https://facebook.com/millstonefinancialgroup",
    "https://linkedin.com/company/millstone-financial",
    "https://linkedin.com/in/donald-albach",
    "https://linkedin.com/in/kevin-flesch-9ba3a06a",
    "https://linkedin.com/in/luke-lino-b7963215a",
    "https://linkedin.com/in/mike-russo-millstone-financial-group",
    "https://linkedin.com/in/nick-noto-a57985207",
    "https://linkedin.com/in/ryanwallaceblack",
    "https://millstonefinancialgroup.net"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/297882",
  "city_as_filed": "PRINCETON",
  "url": "https://advisorcensus.com/firm/millstone-financial-group-princeton-nj-297882",
  "display_name": "Millstone Financial Group",
  "summary": "Millstone Financial Group is an SEC-registered investment advisory firm in Princeton, NJ, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 24, 2026.",
  "citation": "AdvisorCensus. Millstone Financial Group (CRD 297882): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Millstone Financial Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Millstone Financial Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Millstone Financial Group located?",
      "a": "Millstone Financial Group's principal office is in Princeton, NJ, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Millstone Financial Group registered with the SEC or a state?",
      "a": "Millstone Financial Group is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 297882."
    },
    {
      "q": "How much does Millstone Financial Group manage?",
      "a": "Millstone Financial Group reports $104,431,570 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (97% discretionary)."
    },
    {
      "q": "What types of clients does Millstone Financial Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (230); high net worth individuals (67)."
    },
    {
      "q": "Which custodians does Millstone Financial Group use?",
      "a": "Millstone Financial Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Millstone Financial 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/297882"
    },
    {
      "q": "What changed in Millstone Financial Group's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Registered or notice-filed in NH, PA."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in NH, PA."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "No longer lists an office in Princeton, NJ."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Newly registered with the SEC."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Altruist Financial LLC",
      "name_as_filed": "ALTRUIST FINANCIAL LLC",
      "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/millstone-financial-group-princeton-nj-297882.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 230,
      "fewer_than_5": false,
      "raum": 50861474.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 67,
      "fewer_than_5": false,
      "raum": 53570096.0
    }
  ],
  "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/297882",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}