Black Swift Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, education planning, estate planning, and tax planning. Financial planning was provided to 11–25 clients last fiscal year. The firm advises 3 private funds.
Black Swift Group reports 406 clients. They include 232 individual clients, 150 high-net-worth individuals and 12 charitable organizations. Of its assets, 100.0% ($694M across 406 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 15% |
| High-net-worth individuals | 37% | 71% |
| Pooled investment vehicles | <1% | 11% |
| Charitable organizations | 3% | 2% |
| Corporations and other businesses | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 232 | $103M | 14.8% | $443K |
| High-net-worth individuals | 150 | $494M | 71.1% | $3.29M |
| Pooled investment vehicles | 3 | $77.3M | 11.1% | $25.8M |
| Charitable organizations | 12 | $11.8M | 1.7% | $980K |
| Corporations and other businesses | 9 | $8.63M | 1.2% | $959K |
| Total | 406 | $694M | 100% | $1.71M |
- Clients
- 232
- Regulatory AUM
- $103M
- AUM share
- 14.8%
- Avg. per client
- $443K
- Clients
- 150
- Regulatory AUM
- $494M
- AUM share
- 71.1%
- Avg. per client
- $3.29M
- Clients
- 3
- Regulatory AUM
- $77.3M
- AUM share
- 11.1%
- Avg. per client
- $25.8M
- Clients
- 12
- Regulatory AUM
- $11.8M
- AUM share
- 1.7%
- Avg. per client
- $980K
- Clients
- 9
- Regulatory AUM
- $8.63M
- AUM share
- 1.2%
- Avg. per client
- $959K
Total
- Clients
- 406
- Regulatory AUM
- $694M
- AUM share
- 100%
- Avg. per client
- $1.71M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 3
- Financial planning clients last fiscal year
- 11–25
Black Swift Group charges 1.00% a year for its Investment Management Fees – SMAs. The fee is billed in advance and is negotiable.
Fee details and sources
Gregory Casals owns 75% or more of Black Swift Group. The leadership team of Black Swift Group includes Chief Operating Officer Eric Brody. It has 9 employees, 2 of them in advisory roles.
Staff
- 9 employees
- 2 in advisory functions
- 8 state-registered reps
- 1 soliciting firm
- Owns 75% or more of Black Swift Group, LLC
Gregory Casals
Control person · since December 2016
- Owns 5% to 10% of Black Swift Group, LLC
Linda Casals
Control person · since January 2018
Black Swift Group’s regulatory assets grew 2.3× from $300M (June 2021) to $694M (July 2026); clients rose from 169 to 406 and employees fell from 10 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $694M | 406 | 9 | 1 |
| Apr 2025April 2025 | $558M | 371 | 10 | 1 |
| Mar 2024March 2024 | $468M | 338 | 12 | 1 |
| May 2023May 2023 | $392M | 271 | 10 | 1 |
| Jul 2022July 2022 | $373M | 247 | 8 | 1 |
| Jun 2021June 2021 | $300M | 169 | 10 | 1 |
Besides its headquarters, Black Swift Group has 0 offices, with 1 listed address in 1 state.
Colorado · 1 listed address
- 2595 Canyon BLVD, Suite 330, BoulderHQ
Other business names
Black Swift Group has reported 1 other business name to the SEC.
- Black Swift
Contact and registration details
- Legal name
- Black Swift Group, LLC
- Headquarters
- 2595 Canyon BLVD, Suite 330, Boulder, CO 80302
- Website
- blackswiftgroup.com
- Phone
- 303-955-4381
- @black-swift-group
- SEC file
- 801-108740
- Founded
- 2016
- Structure
- Colorado LLC
- Fiscal year end
- December
Black Swift Group’s named custodian for separately managed accounts is Pershing ($694M). Black Swift Group has custody of $77.3M for 3 clients.
- PershingPershing LLC · Jersey City, NJ · $694M100%
At year end, Black Swift Group’s separately managed accounts were mostly in stocks (84%). Its reported 13F holdings for the quarter ended 30 June 2026 total $692M across 143 positions; the largest are SPDR Series Trust (14.9%), State Str SPDR S&P 500 ETF T (10.6%) and Select Sector SPDR TR (5.1%).
What the accounts hold
- Stocks84%
- Bonds3%
- Cash2%
- Other12%
- The securities include non-agency residential mortgage backed securities (rmbs)/asset-backed securities (abs), opportunity zones, and structured notes.12%
How many clients does Black Swift Group have?
Black Swift Group has 406 clients and manages $694 million for them, as of July 2026. They include 232 individual clients, 150 high-net-worth individuals and 12 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 July 2026
What services does Black Swift Group offer?
Black Swift Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, education planning, estate planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Black Swift Group charge?
Black Swift Group charges 1.00% a year for its Investment Management Fees – SMAs. The fee is billed in advance and is negotiable.
Source: BLACK SWIFT BROCHURE 2A 03.27.2026, filed 28 March 2026
Which custodians does Black Swift Group use?
Black Swift Group’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $694M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 July 2026
How many financial advisors does Black Swift Group have?
Black Swift Group has 8 investment adviser representatives registered with state securities authorities, out of 9 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Black Swift Group invest in?
At the end of its last fiscal year, Black Swift Group’s separately managed accounts held 84% exchange-traded equities, 12% other, 3% U.S. government and agency bonds and 2% cash and equivalents. The 12% other category is described as: The Securities Include Non-Agency Residential Mortgage Backed Securities (RMBS)/Asset-Backed Securities (Abs), Opportunity Zones, and Structured Notes. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Black Swift Group?
Black Swift Group’s direct owners are Gregory Casals (75% or more) and Linda Casals (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 9 July 2026
How does Black Swift Group get paid?
Black Swift Group is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Black Swift Group?
Black Swift Group’s main office is at 2595 Canyon BLVD, Suite 330, Boulder, CO 80302. Its phone number is 303-955-4381. Its website is blackswiftgroup.com.