# SGL Financial, LLC

> SGL Financial, LLC is an SEC-registered investment advisory firm in Buffalo Grove, IL, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 22, 2026.

- CRD: 158023
- Filed as: SGL FINANCIAL, LLC
- Also doing business as: COWEN TAX ADVISORY GROUP, MOORE FINANCIAL CONCEPTS, NORTHLAND FINANCIAL, WEALTH FINANCIAL ADVISORY SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Buffalo Grove, IL
- Filing period: October 2026
- Form ADV filing dated: September 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158023
- AdvisorCensus page: https://advisorcensus.com/firm/sgl-financial-llc-buffalo-grove-il-158023

## Quick answers

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

**What does SGL Financial, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated May 18, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is SGL Financial, LLC located?**
SGL Financial, LLC's principal office is in Buffalo Grove, IL, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is SGL Financial, LLC registered with the SEC or a state?**
SGL Financial, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 158023.

**How much does SGL Financial, LLC manage?**
SGL Financial, LLC reports $416,008,260 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (100% discretionary).

**How have SGL Financial, LLC's assets and staff changed since 2021?**
In the Form ADV data for SGL Financial, LLC: Regulatory assets under management: $143,169,237 in the October 2021 data and $416,008,260 in the October 2026 data, up 191%. Total employees: 16 in October 2021 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SGL Financial, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (795); high net worth individuals (88); pension and profit sharing plans (but not the plan participants or government pension plans) (1).

**Does SGL Financial, LLC 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/158023

**Does SGL Financial, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated May 18, 2026 says: "There is a minimum account size of $50,000, which may be waived at SGL discretion." "There is a $50,000 account minimum which may be waived by SGL."

**What changed in SGL Financial, LLC's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated May 18, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> The maximum advisory fee is 1.50%. This is a first and last dollar fee, meaning there are no tiered fee structures.

- Account minimum: $50,000 (the brochure says it may be waived or negotiated)

> There is a minimum account size of $50,000, which may be waived at SGL discretion.

> There is a $50,000 account minimum which may be waived by SGL.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $416,008,260
- Discretionary: $414,065,720
- Non-discretionary: $1,942,540

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 795 | $222,084,268 |
| High net worth individuals | 88 | $191,981,452 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $1,942,540 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 33 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, DE, FL, IL, LA, MI, NH, NJ, OK, SC, TN, TX, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Farmington, CT
- Norman, OK
- Rhinelander, WI

### Websites listed on Form ADV (Item 1.I)
- sglfinancial.com
- share.google/HOQKv6W7RIGGBW0w5
- Facebook @SGLFINANCIAL
- Instagram @sgl_financial
- LinkedIn @sglfinancial
- X @SGLFINANCIAL
- YouTube @UCecNsh_tyPHczygebgC0jZA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $143,169,237 | 16 | March 26, 2021 |
| October 2022 | $163,624,352 | 12 | March 31, 2022 |
| October 2023 | $168,784,960 | 12 | March 14, 2023 |
| October 2024 | $214,042,234 | 19 | March 30, 2024 |
| October 2025 | $218,580,905 | 31 | May 20, 2025 |
| October 2026 | $416,008,260 | 33 | September 22, 2026 |

Regulatory assets under management: $143,169,237 in the October 2021 data and $416,008,260 in the October 2026 data, up 191%.
Total employees: 16 in October 2021 and 33 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Updated its list of owners and control persons (Schedule A).

### May 2026
- Regulatory assets under management went from $211,831,058 to $416,008,260 (+96%).

### April 2026
- Employees performing advisory functions went from 15 to 13.
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Changed its office addresses in Rhinelander, WI.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SGL Financial, LLC (CRD 158023): Form ADV filing data as of October 2026.