# Shuster Advisory Group, LLC

> Shuster Advisory Group, LLC is an SEC-registered investment advisory firm in Pasadena, CA, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 20, 2026.

- CRD: 170233
- Filed as: SHUSTER ADVISORY GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pasadena, CA
- Filing period: October 2026
- Form ADV filing dated: May 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170233
- AdvisorCensus page: https://advisorcensus.com/firm/shuster-advisory-group-llc-pasadena-ca-170233

## Quick answers

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

**Where is Shuster Advisory Group, LLC located?**
Shuster Advisory Group, LLC's principal office is in Pasadena, CA, according to its Form ADV.

**Is Shuster Advisory Group, LLC registered with the SEC or a state?**
Shuster Advisory Group, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 170233.

**How much does Shuster Advisory Group, LLC manage?**
Shuster Advisory Group, LLC reports $10,318,497,572 in regulatory assets under management in its Form ADV filing dated May 20, 2026 (99% discretionary).

**How have Shuster Advisory Group, LLC's assets and staff changed since 2021?**
In the Form ADV data for Shuster Advisory Group, LLC: Regulatory assets under management: $3,626,839,434 in the October 2021 data and $10,318,497,572 in the October 2026 data, up 185%. Total employees: 10 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Shuster Advisory Group, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (153); state or municipal government entities (including government pension plans) (103); pension and profit sharing plans (but not the plan participants or government pension plans) (71).

**Which custodians does Shuster Advisory Group, LLC use?**
Shuster Advisory Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Missionsquare Retirement, Retirement Plan Record-Keeping and Voya Institutional Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Shuster Advisory Group, 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/170233

**Does Shuster Advisory Group, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "There is no account minimum for any of Shuster’s services."

**What changed in Shuster Advisory Group, LLC's recent Form ADV filings?**
In the June 2026 filing data: Employees performing advisory functions went from 10 to 11.

## From the Form ADV filing

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

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

- Account minimum: None

> There is no account minimum for any of Shuster’s services.

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.
- Missionsquare Retirement
- Retirement Plan Record-Keeping
- Voya Institutional Trust Company

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: $10,318,497,572
- Discretionary: $10,191,410,430
- Non-discretionary: $127,087,142

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 39 | $5,128,920 |
| High net worth individuals | 153 | $588,023,410 |
| 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) | 71 | $977,270,784 |
| Charitable organizations | 1 | $244,607 |
| State or municipal government entities (including government pension plans) | 103 | $8,525,411,733 |
| 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 | 32 | $114,836,852 |
| Other | 36 | $107,581,266 |

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

### Firm details
- Registered since: 2015 (10 years)
- Employees: 15 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, HI, LA, SC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sfgrpc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,626,839,434 | 10 | March 30, 2021 |
| October 2022 | $4,418,962,771 | 12 | September 13, 2022 |
| October 2023 | $4,383,114,981 | 11 | September 29, 2023 |
| October 2024 | $6,284,266,543 | 11 | May 2, 2024 |
| October 2025 | $7,909,384,939 | 14 | July 18, 2025 |
| October 2026 | $10,318,497,572 | 15 | May 20, 2026 |

Regulatory assets under management: $3,626,839,434 in the October 2021 data and $10,318,497,572 in the October 2026 data, up 185%.
Total employees: 10 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Employees performing advisory functions went from 10 to 11.

### April 2026
- Employees performing advisory functions went from 9 to 10.
- Regulatory assets under management went from $7,909,384,939 to $10,318,497,572 (+30%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shuster Advisory Group, LLC (CRD 170233): Form ADV filing data as of October 2026.