{ "crd_number": 132662, "slug": "prostatis-financial-advisors-group-hanover-md-132662", "primary_business_name": "PROSTATIS FINANCIAL ADVISORS GROUP", "legal_name": "PROSTATIS GROUP LLC", "dbas": [ "GAME CHANGER WEALTH", "MCPHERSON FINANCIAL GROUP", "PROSTATIS MANAGEMENT GROUP", "SHEPHERD WEALTH SOLUTIONS" ], "city": "Hanover", "state": "MD", "country": "United States", "cbsa_code": "12580", "metro": { "cbsa_code": "12580", "common_name": "Baltimore", "msa_name": "Baltimore-Columbia-Towson, MD", "path": "/advisors/md/baltimore" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-02-23", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-04-30", "carried_forward": false, "raum_total": 605444336.0, "raum_discretionary": 604808962.0, "raum_non_discretionary": 635374.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 27, "advisory_employees": 16, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 1484486.0, "count": null, "fewer_than_5": true }, "individuals": { "raum": 360745555.0, "count": 1437 }, "high_net_worth_individuals": { "raum": 243214295.0, "count": 131 } }, "compensation_types": [ "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "AZ", "CA", "DE", "FL", "GA", "IN", "LA", "MD", "MI", "NC", "NY", "PA", "SC", "TX", "VA" ], "websites": [ "https://facebook.com/McPherson-Financial-Group-109265984139448", "https://facebook.com/SavvyInvestorTV", "https://facebook.com/gamechangerwealth", "https://facebook.com/prostatisgroup", "https://facebook.com/share/18ki9TJMP8?mibextid=wwXIfr", "https://linkedin.com/company/game-changer-wealth", "https://linkedin.com/company/mcpherson-financial-group/about", "https://linkedin.com/company/prostatis-financial-advisors", "https://open.spotify.com/show/1vb3IWP9q7gVMDKqz0gOnx", "https://open.spotify.com/show/4IF5czmCbuBBuy8tLIRbRK", "https://prostatisadvisors.com", "https://prostatisfinancial.com", "https://shepherdwealthsolutions.com", "https://thesavvyinvestortv.com", "https://twitter.com/ProstatisFinan1", "https://twitter.com/savvyinvradio", "https://youtube.com/@TheMikeCanetShow", "https://youtube.com/@gamechangerwealth9653", "https://youtube.com/@mcphersonfinancialgroup6279", "https://youtube.com/@prostatisfinancial", "https://youtube.com/channel/UCuAZrEAznIaecIurzZgF-DA" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/132662", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "HANOVER", "url": "https://advisorcensus.com/firm/prostatis-financial-advisors-group-hanover-md-132662", "display_name": "Prostatis Financial Advisors Group", "summary": "Prostatis Financial Advisors Group is an SEC-registered investment advisory firm in Hanover, MD, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.", "citation": "AdvisorCensus. Prostatis Financial Advisors Group (CRD 132662): 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" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Prostatis Financial Advisors Group compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Prostatis Financial Advisors Group reports these compensation arrangements: a percentage of assets under its management; hourly charges." }, { "q": "How much does Prostatis Financial Advisors Group charge?", "a": "Its Form ADV Part 2A brochure dated April 30, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states); Flat fee: $550 to $10,000 (financial planning services); Hourly rate: $350 an hour (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Prostatis Financial Advisors Group located?", "a": "Prostatis Financial Advisors Group's principal office is in Hanover, MD, according to its Form ADV; the May 2026 filing also lists 10 other offices (Schedule D, Section 1.F)." }, { "q": "Is Prostatis Financial Advisors Group registered with the SEC or a state?", "a": "Prostatis Financial Advisors Group is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 132662." }, { "q": "How much does Prostatis Financial Advisors Group manage?", "a": "Prostatis Financial Advisors Group reports $605,444,336 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary)." }, { "q": "How have Prostatis Financial Advisors Group's assets and staff changed since 2021?", "a": "In the Form ADV data for Prostatis Financial Advisors Group: Regulatory assets under management: $178,951,899 in the October 2021 data and $605,444,336 in the October 2026 data, up 238%. Total employees: 9 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Prostatis Financial Advisors Group serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,437); high net worth individuals (131)." }, { "q": "Which custodians does Prostatis Financial Advisors Group use?", "a": "Prostatis Financial Advisors Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Prostatis Financial Advisors Group report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/132662" }, { "q": "What changed in Prostatis Financial Advisors Group's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 18 to 16. Regulatory assets under management went from $508,939,132 to $605,444,336 (+19%). Added an office in Baton Rogue, LA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 178951899.0, "total_employees": 9, "filing_date": "2021-09-09" }, { "period": "2022-10-01", "regulatory_assets_under_management": 273172936.0, "total_employees": 11, "filing_date": "2022-03-09" }, { "period": "2023-10-01", "regulatory_assets_under_management": 310856247.0, "total_employees": 12, "filing_date": "2023-03-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": 405004861.0, "total_employees": 14, "filing_date": "2024-03-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 508939132.0, "total_employees": 18, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 605444336.0, "total_employees": 27, "filing_date": "2026-04-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 18 to 16.", "Regulatory assets under management went from $508,939,132 to $605,444,336 (+19%).", "Added an office in Baton Rogue, LA." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated April 30, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": "2% of assets a year", "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Flat fee: $550 to $10,000 (financial planning services)", "Hourly rate: $350 an hour (financial planning and consulting services)" ], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)" ], "quotes": [ "ITEM 5: Prostatis’ annual fees are based upon a percentage of assets under management not to exceed 2.00%." ] }, { "label": "Planning fee", "statements": [ "Flat fee: $550 to $10,000 (financial planning services)" ], "quotes": [ "Clients are billed fixed fees for financial planning services that generally range from $550 to $ 10,000 based on the range and complexity of the services provided." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $350 an hour (financial planning and consulting services)" ], "quotes": [ "Our Firm may charge clients an hourly fee for financial planning and consulting services. Clients are billed at the rate of $350 an hour." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": 2.0, "account_minimum": null, "minimum_annual_fee": null, "planning": [ { "kind": "flat", "amount": null, "min": 550.0, "max": 10000.0, "period": "one_time", "service": "financial planning services" }, { "kind": "hourly", "amount": 350.0, "min": null, "max": null, "period": "hour", "service": "financial planning and consulting services" } ] }, "quotes": [ "ITEM 5: Prostatis’ annual fees are based upon a percentage of assets under management not to exceed 2.00%.", "Clients are billed fixed fees for financial planning services that generally range from $550 to $ 10,000 based on the range and complexity of the services provided.", "Our Firm may charge clients an hourly fee for financial planning and consulting services. Clients are billed at the rate of $350 an hour." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES 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/prostatis-financial-advisors-group-hanover-md-132662.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 1437, "fewer_than_5": false, "raum": 360745555.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 131, "fewer_than_5": false, "raum": 243214295.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 1484486.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "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/132662", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }