Carmandalian Financial Group provides financial planning and portfolio management for individuals and small businesses.
Carmandalian Financial Group reports 86 clients. They include 61 individual clients and 25 high-net-worth individuals. Of its assets, 84.0% ($127M across 230 accounts) are managed with discretion; $24.1M across 133 accounts are not. A wrap fee program the firm both sponsors and manages holds $64.2M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 12% |
| High-net-worth individuals | 29% | 87% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
| Other client typesOther | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 61 | $18M | 11.9% | $295K |
| High-net-worth individuals | 25 | $131M | 86.7% | $5.23M |
| Pension and profit-sharing plans | Fewer than 5 | $504K | 0.3% | — |
| Charitable organizations | Fewer than 5 | $388K | 0.3% | — |
| Corporations and other businesses | Fewer than 5 | $33.5K | 0.0% | — |
| Other | Fewer than 5 | $1.11M | 0.7% | — |
| Total | 86 | $151M | 100% | — |
- Clients
- 61
- Regulatory AUM
- $18M
- AUM share
- 11.9%
- Avg. per client
- $295K
- Clients
- 25
- Regulatory AUM
- $131M
- AUM share
- 86.7%
- Avg. per client
- $5.23M
- Clients
- Fewer than 5
- Regulatory AUM
- $504K
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $388K
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $33.5K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.11M
- AUM share
- 0.7%
- Avg. per client
- —
Total
- Clients
- 86
- Regulatory AUM
- $151M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Carmandalian Financial Group charges up to 1.75% a year for its Asset Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- 1031 Exchange Consulting
- 1031 exchange consulting is 1% of the consulted and monitored assets, billed monthly in arrears.
- Financial Planning and Consulting
- Financial planning and consulting are billed hourly or as a flat fee; fees would not exceed $50,000, with a retainer of 50% of the ultimate fee at signing.
Steven Carmandalian owns 75% or more of Carmandalian Financial Group. The leadership team of Carmandalian Financial Group includes Chief Compliance Officer Steven Carmandalian. It has 2 employees, 1 of them in advisory roles.
Leadership
- Steven CarmandalianOwner & Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- 2 insurance agents
- Owns 75% or more of Carmandalian Financial Group, LLC
Steven Carmandalian
Control person · since January 2018
Carmandalian Financial Group’s regulatory assets grew from $131M (March 2022) to $151M (April 2026); clients rose from 79 to 86 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $151M | 86 | 2 | 2 |
| April 2025 | $130M | 72 | 2 | 2 |
| February 2024 | $114M | 72 | 2 | 2 |
| March 2023 | $123M | 101 | 2 | 2 |
| March 2022 | $131M | 79 | 2 | 1 |
Besides its headquarters, Carmandalian Financial Group has 1 office (1 private residence, listed without an address), with 1 listed address in California.
California · 1 listed address
- 2829 Townsgate RD, Suite 100, Westlake VillageHQ
Other business names
Carmandalian Financial Group has reported 1 other business name to the SEC.
- CFG Wealth
Contact and registration details
- Legal name
- Carmandalian Financial Group, LLC
- Headquarters
- 2829 Townsgate RD, Suite 100, Westlake Village, CA 91361
- Website
- cfgclients.com
- Phone
- 818-707-5304
- SEC file
- 801-123754
- Structure
- California LLC
- Fiscal year end
- December
Carmandalian Financial Group uses Charles Schwab ($129M) as custodian for its separately managed accounts. Carmandalian Financial Group has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $129M100%
At year end, Carmandalian Financial Group’s separately managed accounts were mostly in funds (60%) and stocks (32%).
What the accounts hold
- Stocks32%
- Funds60%
- Cash8%
How many clients does Carmandalian Financial Group have?
Carmandalian Financial Group has 86 clients and manages $151 million for them, as of April 2026. They include 61 individual clients and 25 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 April 2026
What services does Carmandalian Financial Group offer?
Carmandalian Financial Group provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Carmandalian Financial Group charge?
Carmandalian Financial Group charges up to 1.75% a year for its Asset Management. The fee is billed in advance and is negotiable.
Which custodians does Carmandalian Financial Group use?
Carmandalian Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $129M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 April 2026
How many financial advisors does Carmandalian Financial Group have?
Carmandalian Financial Group has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Carmandalian Financial Group invest in?
At the end of its last fiscal year, Carmandalian Financial Group’s separately managed accounts held 60% registered funds (mutual funds, ETFs, BDCs), 32% exchange-traded equities and 8% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Carmandalian Financial Group?
Carmandalian Financial Group’s direct owner is Steven Carmandalian (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 April 2026
How does Carmandalian Financial Group get paid?
Carmandalian Financial Group is paid through a percentage of assets under management 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
How do I contact Carmandalian Financial Group?
Carmandalian Financial Group’s main office is at 2829 Townsgate RD, Suite 100, Westlake Village, CA 91361. Its phone number is 818-707-5304. Its website is cfgclients.com.