# Pax Financial Group

> Pax Financial Group is an SEC-registered investment advisory firm in San Antonio, TX, registered since 2016, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 25, 2026.

- CRD: 284164
- Filed as: PAX FINANCIAL GROUP
- Legal name: Pax Financial Group, LLC
- Also doing business as: PAX FINANCIAL GROUP, PAX FINANCIAL GROUP INSURANCE SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Antonio, TX
- Filing period: October 2026
- Form ADV filing dated: June 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284164
- AdvisorCensus page: https://advisorcensus.com/firm/pax-financial-group-san-antonio-tx-284164

## Quick answers

**How is Pax Financial Group compensated?**
On its Form ADV (Item 5.E, October 2026), Pax Financial Group reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other.

**Where is Pax Financial Group located?**
Pax Financial Group's principal office is in San Antonio, TX, according to its Form ADV.

**Is Pax Financial Group registered with the SEC or a state?**
Pax Financial Group is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 284164.

**How much does Pax Financial Group manage?**
Pax Financial Group reports $747,082,147 in regulatory assets under management in its Form ADV filing dated June 25, 2026 (100% discretionary).

**How have Pax Financial Group's assets and staff changed since 2021?**
In the Form ADV data for Pax Financial Group: Regulatory assets under management: $444,511,926 in the October 2021 data and $747,082,147 in the October 2026 data, up 68%. Total employees: 20 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pax Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,176); high net worth individuals (174).

**Which custodians does Pax Financial Group use?**
Pax Financial Group's 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 Pax 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/284164

**Does Pax Financial Group state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "PAX does not require a minimum account value to open an account. Third Party Managers may have account minimums. Please review the third-party manager’s ADV for further details regarding such account minimums."

**What changed in Pax Financial Group's recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 12 to 11.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> PAX does not require a minimum account value to open an account. Third Party Managers may have account minimums. Please review the third-party manager’s ADV for further details regarding such account minimums.

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: $747,082,147
- Discretionary: $747,082,147
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,176 | $351,153,128 |
| High net worth individuals | 174 | $395,929,019 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2016 (10 years)
- Employees: 22 total, 11 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, CO, FL, IL, LA, MI, MO, NC, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- iheart.com/podcast/263-retire-in-texas-87931991
- linkdedin.com/Company/pax-fg-llc/mycompany
- listennotes.com/podcasts/retire-in-texas-darryl-lyons-OVzDvaM-Le
- music.amzon.com/podcasts
- open.spotify.com/show/0oOFux5CS0ewjnhFV6OjH3
- open.spotify.com/show/63xQoVZBYgdRhQ9Ztvp8iQ
- paxfinancialgroup.com
- player.fm/series/2989639
- podcasts.apple.com/us/podcast/retire-in-texas/id1587396816
- podcasts.apple.com/us/podcast/the-dark-side-of-finance/id1764932129
- retireintexas.libsyn.com
- sites.libsyn.com/543632/site
- wealthtender.com/advisory-firms/pax-financial-group
- Facebook @PAXFINANCIALGROUP
- Facebook facebook.com
- Instagram @PAXFINANCIALGRP
- Instagram @charlesgarcia.pax
- Instagram @darryl.lyons7
- Instagram @davidalvarez.pax
- Instagram @jacobcampbell.pax
- Instagram @rogerstukkie.pax
- Instagram @talkmoneywithmoni
- LinkedIn @DARRYLWLYONS
- LinkedIn @advisormonicacervantes
- LinkedIn @bryan-wing-cfp®-9521a784
- LinkedIn @cassidy-kusenberger-4092261b6
- LinkedIn @crgj551
- LinkedIn @davidkalvarezcfp
- LinkedIn @greysonhanna
- LinkedIn @haley-wall-b9b26889
- LinkedIn @jacobkeithcambell
- LinkedIn @jon-fitzsimon-653b55120
- LinkedIn @laura-simpson-cfp�AE-a21bb6104
- LinkedIn @meghantapia
- LinkedIn @roger-stukkie
- LinkedIn @ronzunker
- X @PAXFG
- X @PAXFINANCIALGRP
- X @darrylwlyonspax
- YouTube @paxfinancialgroupllc4038
- YouTube @UCG6VNK8UIYWLY1QO8MLFWVQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $444,511,926 | 20 | July 1, 2021 |
| October 2022 | $554,598,567 | 21 | July 14, 2022 |
| October 2023 | $494,838,589 | 22 | July 20, 2023 |
| October 2024 | $600,061,833 | 24 | August 15, 2024 |
| October 2025 | $728,473,115 | 24 | July 9, 2025 |
| October 2026 | $747,082,147 | 22 | June 25, 2026 |

Regulatory assets under management: $444,511,926 in the October 2021 data and $747,082,147 in the October 2026 data, up 68%.
Total employees: 20 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 12 to 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pax Financial Group (CRD 284164): Form ADV filing data as of October 2026.