De Groote Financial Group provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
De Groote Financial Group reports 377 clients. They include 200 individual clients, 147 high-net-worth individuals, and 18 pension and profit-sharing plans. Of its assets, 100.0% ($1.22B across 2,346 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $2.38B. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 13% |
| High-net-worth individuals | 39% | 60% |
| Pension and profit-sharing plans | 5% | 1% |
| Corporations and other businesses | 3% | 26% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 200 | $153M | 12.6% | $764K |
| High-net-worth individuals | 147 | $731M | 60.2% | $4.98M |
| Pension and profit-sharing plans | 18 | $17.8M | 1.5% | $989K |
| Corporations and other businesses | 12 | $314M | 25.8% | $26.2M |
| Total | 377 | $1.22B | 100% | $3.23M |
- Clients
- 200
- Regulatory AUM
- $153M
- AUM share
- 12.6%
- Avg. per client
- $764K
- Clients
- 147
- Regulatory AUM
- $731M
- AUM share
- 60.2%
- Avg. per client
- $4.98M
- Clients
- 18
- Regulatory AUM
- $17.8M
- AUM share
- 1.5%
- Avg. per client
- $989K
- Clients
- 12
- Regulatory AUM
- $314M
- AUM share
- 25.8%
- Avg. per client
- $26.2M
Total
- Clients
- 377
- Regulatory AUM
- $1.22B
- AUM share
- 100%
- Avg. per client
- $3.23M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
De Groote Financial Group charges 0.85%–1.50% a year for its Investment Management and Wealth Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.50% |
| $500K–$1M | 1.25% |
| $1M–$2M | 1.00% |
| $2M and above | 0.85% |
Fee details and sources
Other fees
- Stand-Alone Financial Planning
- Negotiable flat fee of up to $25,000, or hourly fee of up to $1,000, for stand-alone financial planning.
Douglas Degroote owns 75% or more of De Groote Financial Group. The leadership team of De Groote Financial Group includes Chief Compliance Officer Fadi Ahmed. It has 9 employees, 3 of them in advisory roles.
Leadership
- Fadi AhmedChief Compliance Officer & Chief Operations Officer
- Douglas DegrooteManaging Member
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Douglas Clark De Groote
- Bruce John Lacey
Staff
- 9 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- 3 soliciting firms
- Owns 75% or more of De Groote Financial Group, LLC
Douglas Degroote
Control person · since August 2013
De Groote Financial Group’s regulatory assets grew 2.9× from $421M (March 2021) to $1.22B (May 2026); clients rose from 333 to 377 and employees from 7 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $1.22B | 377 | 9 | 2 |
| June 2025 | $751M | 425 | 8 | 2 |
| February 2024 | $648M | 380 | 7 | 2 |
| June 2023 | $583M | 354 | 7 | 2 |
| March 2022 | $563M | 415 | 7 | 2 |
| March 2021 | $421M | 333 | 7 | 2 |
Besides its headquarters, De Groote Financial Group has 1 office, with 2 listed addresses in California.
California · 2 listed addresses
- 3013 Willow Lane, Thousand OaksHQ
- 120 Newport Center DR., Newport Beach
Contact and registration details
- Legal name
- De Groote Financial Group, LLC
- Headquarters
- 3013 Willow Lane, Thousand Oaks, CA 91361
- Website
- degrootefinancial.com
- Phone
- 805-230-0111
- @7583618
- SEC file
- 801-78358
- Structure
- California LLC
- Fiscal year end
- December
De Groote Financial Group uses Charles Schwab ($1.22B) as custodian for its separately managed accounts. De Groote Financial Group has custody of $511M in client assets for 233 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.22B100%
At year end, De Groote Financial Group’s separately managed accounts were mostly in funds (53%) and stocks (42%).
What the accounts hold
- Stocks42%
- Non-exchange-traded equities23%
- Exchange-traded equities19%
- Funds53%
- Bonds1%
- Cash4%
How many clients does De Groote Financial Group have?
De Groote Financial Group has 377 clients and manages $1.22 billion for them, as of May 2026. They include 200 individual clients, 147 high-net-worth individuals, and 18 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026
What services does De Groote Financial Group offer?
De Groote 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 De Groote Financial Group charge?
De Groote Financial Group charges 0.85%–1.50% a year for its Investment Management and Wealth Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: DISCLOSURE BROCHURE FOR DE GROOTE FINANCIAL GROUP, LLC, filed 13 March 2026
Which custodians does De Groote Financial Group use?
De Groote Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.22B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026
How many financial advisors does De Groote Financial Group have?
De Groote Financial Group has 3 investment adviser representatives registered with state securities authorities, out of 9 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does De Groote Financial Group invest in?
At the end of its last fiscal year, De Groote Financial Group’s separately managed accounts held 53% registered funds (mutual funds, ETFs, BDCs), 23% non-exchange-traded equities, 19% exchange-traded equities, 4% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns De Groote Financial Group?
De Groote Financial Group’s direct owner is Douglas Degroote (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 May 2026
How does De Groote Financial Group get paid?
De Groote Financial 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
How do I contact De Groote Financial Group?
De Groote Financial Group’s main office is at 3013 Willow Lane, Thousand Oaks, CA 91361. Its phone number is 805-230-0111. Its website is degrootefinancial.com.