# Millstone Financial Group

> 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.

- CRD: 297882
- Filed as: MILLSTONE FINANCIAL GROUP
- Legal name: Millstone Financial Group Limited Liability Company
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Princeton, NJ
- Filing period: October 2026
- Form ADV filing dated: June 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/297882
- AdvisorCensus page: https://advisorcensus.com/firm/millstone-financial-group-princeton-nj-297882

## Quick answers

**How is Millstone Financial Group compensated?**
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.

**Where is Millstone Financial Group located?**
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).

**Is Millstone Financial Group registered with the SEC or a state?**
Millstone Financial Group is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 297882.

**How much does Millstone Financial Group manage?**
Millstone Financial Group reports $104,431,570 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (97% discretionary).

**What types of clients does Millstone Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (230); high net worth individuals (67).

**Which custodians does Millstone Financial Group use?**
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.

**Does Millstone 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/297882

**What changed in Millstone Financial Group's recent Form ADV filings?**
In the July 2026 filing data: Registered or notice-filed in NH, PA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial 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: $104,431,570
- Discretionary: $101,458,387
- Non-discretionary: $2,973,183

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 230 | $50,861,474 |
| High net worth individuals | 67 | $53,570,096 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2026 (0 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NC, NH, NJ, NY, PA, SC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Bridgewater, NJ
- Red Bank, NJ

### Websites listed on Form ADV (Item 1.I)
- millstonefinancialgroup.net
- Facebook @millstonefinancialgroup
- LinkedIn @millstone-financial
- LinkedIn @donald-albach
- LinkedIn @kevin-flesch-9ba3a06a
- LinkedIn @luke-lino-b7963215a
- LinkedIn @mike-russo-millstone-financial-group
- LinkedIn @nick-noto-a57985207
- LinkedIn @ryanwallaceblack

## Changes in the filing (last 12 months)

### July 2026
- Registered or notice-filed in NH, PA.

### June 2026
- No longer lists an office in Princeton, NJ.

### April 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Millstone Financial Group (CRD 297882): Form ADV filing data as of October 2026.