# The Marshall Financial Group LLC

> The Marshall Financial Group LLC is an SEC-registered investment advisory firm in Hunt Valley, MD, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 8, 2026.

- CRD: 146362
- Filed as: THE MARSHALL FINANCIAL GROUP LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hunt Valley, MD
- Filing period: October 2026
- Form ADV filing dated: April 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/146362
- AdvisorCensus page: https://advisorcensus.com/firm/the-marshall-financial-group-llc-hunt-valley-md-146362

## Quick answers

**How is The Marshall Financial Group LLC compensated?**
On its Form ADV (Item 5.E, October 2026), The Marshall Financial Group LLC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical).

**What does The Marshall Financial Group LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated February 25, 2026 states: Asset-based fee: up to 3% 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 The Marshall Financial Group LLC located?**
The Marshall Financial Group LLC's principal office is in Hunt Valley, MD, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is The Marshall Financial Group LLC registered with the SEC or a state?**
The Marshall Financial Group LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 146362.

**How much does The Marshall Financial Group LLC manage?**
The Marshall Financial Group LLC reports $735,572,235 in regulatory assets under management in its Form ADV filing dated April 8, 2026 (97% discretionary).

**How have The Marshall Financial Group LLC's assets and staff changed since 2021?**
In the Form ADV data for The Marshall Financial Group LLC: Regulatory assets under management: $208,316,856 in the October 2021 data and $735,572,235 in the October 2026 data, up 253%. Total employees: 7 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does The Marshall Financial Group LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (828); high net worth individuals (166); pension and profit sharing plans (but not the plan participants or government pension plans) (11).

**Which custodians does The Marshall Financial Group LLC use?**
The Marshall Financial Group LLC'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.

**Does The Marshall Financial 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/146362

**What changed in The Marshall Financial Group LLC's recent Form ADV filings?**
In the May 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
- Subscription fees (for a newsletter or periodical)

### Fees and minimums (Form ADV Part 2A brochure dated February 25, 2026)

- Asset-based fee: up to 3% of assets a year (the maximum the brochure states)

> Fees for investment management do not exceed 3% per year of the assets under management. However, we may negotiate lower fees based on percentages under management with clients based on account size and the scope and complexity of the services to be performed.

- Minimum annual fee: $5,000

> If this fee is below our minimum fee, not to exceed $5,000 annually, we will impose additional fees be paid for management of your advisory accounts.

> The minimum fee may be more than other advisors would charge for the same or similar 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.
- Fidelity Brokerage Services 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: $735,572,235
- Discretionary: $712,632,103
- Non-discretionary: $22,940,132

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 828 | $282,825,968 |
| High net worth individuals | 166 | $389,269,875 |
| 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) | 11 | $25,134,295 |
| Charitable organizations | 3 | $11,914,946 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 5 | $20,649,609 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 6 | $5,777,542 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2019 (6 years)
- Employees: 18 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DE, FL, GA, IL, LA, MA, MD, MN, NC, NH, NJ, NY, PA, SC, 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 May 2026 filing
- Visalia, CA

### Websites listed on Form ADV (Item 1.I)
- marshallfinancialgroup.com
- Facebook @The-Marshall-Financial-Group-196468177053439
- LinkedIn @5204222
- X @MarshallFinGrp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $208,316,856 | 7 | September 7, 2021 |
| October 2022 | $411,807,055 | 10 | July 21, 2022 |
| October 2023 | $380,682,636 | 7 | September 14, 2023 |
| October 2024 | $468,675,437 | 17 | September 19, 2024 |
| October 2025 | $593,043,749 | 19 | May 9, 2025 |
| October 2026 | $735,572,235 | 18 | April 8, 2026 |

Regulatory assets under management: $208,316,856 in the October 2021 data and $735,572,235 in the October 2026 data, up 253%.
Total employees: 7 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Added an office in Visalia, CA.

### March 2026
- Regulatory assets under management went from $593,043,749 to $735,572,235 (+24%).
- No longer lists an office in Kingston, NY.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 11 to 10.
- No longer lists an office in Chicago, IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. The Marshall Financial Group LLC (CRD 146362): Form ADV filing data as of October 2026.