# Sierra Management Group

> Sierra Management Group is an SEC-registered investment advisory firm in Reno, NV, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 3, 2026.

- CRD: 307227
- Filed as: SIERRA MANAGEMENT GROUP
- Legal name: D&A Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Reno, NV
- Filing period: October 2026
- Form ADV filing dated: June 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307227
- AdvisorCensus page: https://advisorcensus.com/firm/sierra-management-group-reno-nv-307227

## Quick answers

**How is Sierra Management Group compensated?**
On its Form ADV (Item 5.E, October 2026), Sierra Management Group reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**How much does Sierra Management Group charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Hourly rate: $200 to $350 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Sierra Management Group located?**
Sierra Management Group's principal office is in Reno, NV, according to its Form ADV.

**Is Sierra Management Group registered with the SEC or a state?**
Sierra Management Group is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 307227.

**How much does Sierra Management Group manage?**
Sierra Management Group reports $127,071,586 in regulatory assets under management in its Form ADV filing dated June 3, 2026 (100% discretionary).

**What types of clients does Sierra Management Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (117); high net worth individuals (45); corporations or other businesses not listed above (6).

**Which custodians does Sierra Management Group use?**
Sierra Management Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Sierra Management 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/307227

**What changed in Sierra Management Group's recent Form ADV filings?**
In the July 2026 filing data: Newly registered with the SEC. 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

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Hourly rate: $200 to $350 an hour (financial planning services)

> We charge an hourly fee of $200 - $350 for financial planning services, which is negotiable depending on the scope and complexity of the plan, your situation, and your financial objectives.

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

### Custodians (Schedule D, Section 5.K(3))
- LPL 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: $127,071,586
- Discretionary: $127,071,586
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 117 | $31,587,311 |
| High net worth individuals | 45 | $91,356,521 |
| Corporations or other businesses not listed above | 6 | $4,127,754 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2026 (0 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NV, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sierramgmt.group
- LinkedIn @36152931

## Changes in the filing (last 12 months)

### July 2026
- Newly registered with the SEC.
- Updated its list of owners and control persons (Schedule A).

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sierra Management Group (CRD 307227): Form ADV filing data as of October 2026.