Cambridge Financial Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 251–500 clients last fiscal year.
Cambridge Financial Group reports 293 clients. They include 166 high-net-worth individuals and 127 individual clients. Of its assets, 100.0% ($646M across 1,383 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 9% |
| High-net-worth individuals | 57% | 91% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 127 | $61M | 9.4% | $480K |
| High-net-worth individuals | 166 | $585M | 90.6% | $3.52M |
| Total | 293 | $646M | 100% | $2.2M |
- Clients
- 127
- Regulatory AUM
- $61M
- AUM share
- 9.4%
- Avg. per client
- $480K
- Clients
- 166
- Regulatory AUM
- $585M
- AUM share
- 90.6%
- Avg. per client
- $3.52M
Total
- Clients
- 293
- Regulatory AUM
- $646M
- AUM share
- 100%
- Avg. per client
- $2.2M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Cambridge Financial Group is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 5 other services, listed under fee details.
Fee details and sources
Other fees
- Edge Ahead Agreement
- A $1,500 initial financial review, then an annual fee of 1.5% of gross income with a $3,200 minimum, payable quarterly in advance.
- Edge Ahead Financial Review
- Financial review fee of $1,500, with a $250 deposit applied to the fee.
- Standard Retainer
- Annual retainer of $5,000 to $71,000 in the initial year and $3,500 to $71,000 in renewal years, set by total income and investible assets, paid quarterly in advance.
- Standard Retainer Financial Review
- Financial review fee of $2,000, with a $250 deposit applied to the fee.
- Tax Return Add-ons
- A charge of $300 for each amended tax return and up to $300 per additional return prepared for dependents.
Alicia Klein owns 25% to 50% of Cambridge Financial Group. The leadership team of Cambridge Financial Group includes Chief Compliance Officer Bonnie Courtney. It has 10 employees, 4 of them in advisory roles.
Leadership
- Bonnie CourtneyMember, Chief Compliance Officer
- Alicia KleinManaging Member
- Cole McClarrenMember
- Brandon HodgesonMember
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 10 employees
- 4 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Cambridge Financial Group, LLC
Alicia Klein
Control person · since April 2018
- Owns 25% to 50% of Cambridge Financial Group, LLC
Cole McClarren
Control person · since January 2020
- Owns 10% to 25% of Cambridge Financial Group, LLC
Bonnie Courtney
Control person · since January 2021
- Owns 5% to 10% of Cambridge Financial Group, LLC
Brandon Hodgeson
since January 2024
Cambridge Financial Group’s regulatory assets grew 1.8× from $352M (June 2021) to $646M (April 2026); clients rose from 250 to 293 and employees from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $646M | 293 | 10 | 1 |
| July 2025 | $539M | 281 | 11 | 2 |
| February 2024 | $469M | 269 | 9 | 1 |
| March 2023 | $402M | 272 | 9 | 1 |
| March 2022 | $411M | 265 | 9 | 1 |
| June 2021 | $352M | 250 | 8 | 1 |
Besides its headquarters, Cambridge Financial Group has 0 offices, with 1 listed address in Arizona.
Arizona · 1 listed address
- 6700 N. Oracle RD., Suite 324, TucsonHQ
Contact and registration details
- Legal name
- Cambridge Financial Group, LLC
- Headquarters
- 6700 N. Oracle RD., Suite 324, Tucson, AZ 85704
- Website
- cambridgefinancialgroup.com
- Phone
- 520-531-0550
- SEC file
- 801-110472
- Founded
- 2001
- Structure
- Arizona LLC
- Fiscal year end
- December
Cambridge Financial Group uses Charles Schwab ($646M) as custodian for its separately managed accounts. Cambridge Financial Group has custody of $265M in client assets for 192 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $646M100%
At year end, Cambridge Financial Group’s separately managed accounts were mostly in funds (59%) and bonds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $318M across 155 positions; the largest are Dimensional ETF Trust (11.0%), Dimensional ETF Trust (8.9%) and Dimensional ETF Trust (8.5%).
What the accounts hold
- Stocks7%
- Funds59%
- Bonds26%
- U.S. government and agency bonds24%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash8%
Reported 13F holdings
- $318M
- Reported 13F value
- 155
- Positions
- 52.6%
- In the 10 largest
- +7.5%
- Value vs. prior quarter
- Dimensional ETF Trust · US Cor Equ 2 ETF11.0%
- Dimensional ETF Trust · US Targeted Vlu8.9%
- Dimensional ETF Trust · Intl Core Equity8.5%
- Dimensional ETF Trust · Emerging Mkts CO7.0%
- Dimensional ETF Trust · Emerging Mkts VA6.8%
- Dimensional ETF Trust · World EX US Core2.8%
- SPDR Series Trust · ST Str Sp600sm C2.4%
- Schwab Strategic TR · US Lcap GR ETF1.9%
- Apple Inc.1.8%
- Schwab Strategic TR · US Brd Mkt ETF1.5%
Together, the ten largest are 52.6% of reported value.
How many clients does Cambridge Financial Group have?
Cambridge Financial Group has 293 clients and manages $646 million for them, as of April 2026. They include 166 high-net-worth individuals and 127 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 April 2026
What services does Cambridge Financial Group offer?
Cambridge Financial Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Cambridge Financial Group use?
Cambridge Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $646M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 April 2026
How many financial advisors does Cambridge Financial Group have?
Cambridge Financial Group has 5 investment adviser representatives registered with state securities authorities, out of 10 employees, and 4 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 Cambridge Financial Group invest in?
At the end of its last fiscal year, Cambridge Financial Group’s separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 24% U.S. government and agency bonds, 8% cash and equivalents, 7% exchange-traded equities, 1% state and local bonds and 1% 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
Who owns Cambridge Financial Group?
Cambridge Financial Group’s direct owners are Alicia Klein, Cole McClarren, Bonnie Courtney and Brandon Hodgeson, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 28 April 2026
How does Cambridge Financial Group get paid?
Cambridge Financial Group is paid through a percentage of assets under management, fixed fees and other compensation. 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
Is Cambridge Financial Group registered with the SEC?
Yes, Cambridge Financial Group has been registered with the SEC as an investment adviser since 24 April 2017. Its CRD number is 117428 and its SEC file number is 801-110472.
Source: Form ADV Part 1A, Item 1, filed 28 April 2026; IAPD firm record
How do I contact Cambridge Financial Group?
Cambridge Financial Group’s main office is at 6700 N. Oracle RD., Suite 324, Tucson, AZ 85704. Its phone number is 520-531-0550. Its website is cambridgefinancialgroup.com.