{"url":"https://nivawealth.com/firms/broadway-advisor-group-324281","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/324281","regulatoryAum":214923032,"crd":"324281","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2492930","suffix":null,"lastName":"MENDRYSA","firstName":"JOHN","middleName":"FRANCIS"},{"crd":"4613747","suffix":null,"lastName":"SGROI","firstName":"JASON","middleName":"MICHAEL"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2023-04-03","regulatoryAum":65105000,"clients":157,"employees":4,"offices":1},{"filedOn":"2024-04-08","regulatoryAum":91942513,"clients":221,"employees":4,"offices":1},{"filedOn":"2025-06-11","regulatoryAum":166642518,"clients":256,"employees":5,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":214923032,"clients":321,"employees":4,"offices":1}],"secFileNumber":"801-127086","legalName":"Broadway Advisor Group","displayName":"Broadway Advisor Group","slug":"broadway-advisor-group-324281","website":"https://broadwayadvisorgroup.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"368 Broadway, First Floor","city":"Albany","state":"NY","stateName":"New York","country":"United States","postalCode":"12207"},"tradeNames":[],"registration":{"secApproved":"21 December 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":643810.9682539683,"staff":{"employees":4,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":214923032,"discretionary":203734132,"discretionaryAccounts":316,"nonDiscretionary":11188900,"nonDiscretionaryAccounts":5,"wrapProgram":0,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":244,"regulatoryAum":65554821},{"label":"High-net-worth individuals","clients":71,"regulatoryAum":137245634},{"label":"Pension and profit-sharing plans","clients":5,"regulatoryAum":11185900},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":936677}],"feePrograms":[{"role":"main","program":"Portfolio Management Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035315","versionId":1035315,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A - BROADWAY ADVISOR GROUP","fee_rate_low":0.75,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Negotiated fixed fee between $350 and $2,000, or a negotiated hourly fee between $150 and $500.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035315","versionId":1035315,"submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A - BROADWAY ADVISOR GROUP"},{"role":"other","program":"Pension Consulting Services","summary":"Asset fee on plan assets from 0.75% under $1,000,000 down to 0.10% at $10,000,000 and up, or a fixed fee of $1,000 to $25,000; generally negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035315","versionId":1035315,"submittedOn":"2026-03-31","documentName":"FORM ADV PART 2A - BROADWAY ADVISOR GROUP"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:23:58.713687+00:00","documents":[{"name":"FORM ADV PART 2A - BROADWAY ADVISOR GROUP","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035315","versionId":1035315,"submittedOn":"2026-03-31"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035316","versionId":1035316,"submittedOn":null}]},"custodians":[{"name":"Interactive Brokers LLC","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":107053853},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":86132046}],"custodyNote":"Broadway Advisor Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jason Sgroi","title":"Managing Member and Chief Compliance Officer","crd":"4613747"}],"ownership":[{"label":"Jason Sgroi","detail":"Managing member and chief compliance officer in the 75% or more ownership band and a control person, since October 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"368 Broadway, First Floor","city":"Albany","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"518-477-3626","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":33},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":2},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":55},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/324281/PDF/324281.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035315","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Broadway Advisor Group have?","answer":"Broadway Advisor Group has 321 clients and manages $215 million for them, as of March 2026. They include 244 individual clients, 71 high-net-worth individuals, and 5 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Broadway Advisor Group offer?","answer":"Broadway Advisor Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Broadway Advisor Group charge?","answer":"Broadway Advisor Group charges 0.75%–1.50% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable.","source":"FORM ADV PART 2A - BROADWAY ADVISOR GROUP, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Broadway Advisor Group use?","answer":"Broadway Advisor Group’s separately managed account assets are held at Interactive Brokers LLC (Greenwich, CT), with $107M and Fidelity Brokerage Services LLC (Smithfield, RI), with $86.1M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Broadway Advisor Group have?","answer":"Broadway Advisor Group has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Broadway Advisor Group invest in?","answer":"At the end of its last fiscal year, Broadway Advisor Group’s separately managed accounts held 55% registered funds (mutual funds, ETFs, BDCs), 33% exchange-traded equities, 4% cash and equivalents, 3% U.S. government and agency bonds, 3% pooled vehicles (private funds and similar), 2% state and local bonds and 2% investment grade corporate bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Broadway Advisor Group?","answer":"Broadway Advisor Group’s direct owner is Jason Sgroi (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Broadway Advisor Group get paid?","answer":"Broadway Advisor Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Broadway Advisor Group?","answer":"Broadway Advisor Group’s main office is at 368 Broadway, First Floor, Albany, NY 12207. Its phone number is 518-477-3626. Its website is broadwayadvisorgroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}