{"url":"https://nivawealth.com/firms/carmandalian-financial-group-292458","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/292458","regulatoryAum":150837636,"crd":"292458","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2713564","suffix":null,"lastName":"CARMANDALIAN","firstName":"STEVEN","middleName":null}],"total":1,"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":"2022-03-28","regulatoryAum":130805915,"clients":79,"employees":2,"offices":1},{"filedOn":"2023-03-10","regulatoryAum":123428399,"clients":101,"employees":2,"offices":2},{"filedOn":"2024-02-21","regulatoryAum":113536684,"clients":72,"employees":2,"offices":2},{"filedOn":"2025-04-02","regulatoryAum":129648313,"clients":72,"employees":2,"offices":2},{"filedOn":"2026-04-01","regulatoryAum":150837636,"clients":86,"employees":2,"offices":2}],"secFileNumber":"801-123754","legalName":"Carmandalian Financial Group, LLC","displayName":"Carmandalian Financial Group","slug":"carmandalian-financial-group-292458","website":"https://cfgclients.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2829 Townsgate RD, Suite 100","city":"Westlake Village","state":"CA","stateName":"California","country":"United States","postalCode":"91361"},"tradeNames":["CFG Wealth"],"registration":{"secApproved":"18 April 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1730270.6744186047,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":150837636,"discretionary":126734554,"discretionaryAccounts":230,"nonDiscretionary":24103082,"nonDiscretionaryAccounts":133,"wrapProgram":64208541,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":61,"regulatoryAum":18021990},{"label":"High-net-worth individuals","clients":25,"regulatoryAum":130781288},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":504231},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":387698},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":33543},{"label":"Other","clients":null,"fewerThan5":true,"regulatoryAum":1108886}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036683","versionId":1036683,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"CFG WRAP BROCHURE","fee_rate_low":null,"fee_rate_high":1.75,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"1031 Exchange Consulting","summary":"1031 exchange consulting is 1% of the consulted and monitored assets, billed monthly in arrears.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036683","versionId":1036683,"submittedOn":"2026-03-31","documentName":"CFG WRAP BROCHURE"},{"role":"other","program":"Financial Planning and Consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036683","versionId":1036683,"submittedOn":"2026-03-31","documentName":"CFG WRAP BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:59:27.235854+00:00","documents":[{"name":"CFG WRAP BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036683","versionId":1036683,"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=1036684","versionId":1036684,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":128503774}],"custodyNote":"Carmandalian Financial Group has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Steven Carmandalian","title":"Owner & Chief Compliance Officer","crd":"2713564"}],"ownership":[{"label":"Steven Carmandalian","detail":"Owner & chief compliance officer in the 75% or more ownership band and a control person, since January 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2829 Townsgate RD, Suite 100","city":"Westlake Village","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"818-707-5304","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":32},{"label":"Securities issued by registered investment companies or business development companies","percent":60},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"1 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/292458/PDF/292458.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036683","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 Carmandalian Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Carmandalian Financial Group offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Carmandalian Financial Group charge?","answer":"Carmandalian Financial Group charges up to 1.75% a year for its Asset Management. The fee is billed in advance and is negotiable.","source":"CFG WRAP BROCHURE, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Carmandalian Financial Group use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Carmandalian Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Carmandalian Financial Group invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Carmandalian Financial Group?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Carmandalian Financial Group get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Carmandalian Financial Group?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 1 April 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."}