{"url":"https://nivawealth.com/firms/de-groote-financial-group-168178","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/168178","regulatoryAum":1215942608,"crd":"168178","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2839073","suffix":null,"lastName":"DE GROOTE","firstName":"DOUGLAS","middleName":"CLARK"},{"crd":"2853490","suffix":null,"lastName":"LACEY","firstName":"BRUCE","middleName":"JOHN"}],"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":"2021-03-04","regulatoryAum":420615000,"clients":333,"employees":7,"offices":2},{"filedOn":"2022-03-28","regulatoryAum":562690300,"clients":415,"employees":7,"offices":2},{"filedOn":"2023-06-28","regulatoryAum":582681800,"clients":354,"employees":7,"offices":2},{"filedOn":"2024-02-29","regulatoryAum":648145238,"clients":380,"employees":7,"offices":2},{"filedOn":"2025-06-23","regulatoryAum":750623008,"clients":425,"employees":8,"offices":2},{"filedOn":"2026-05-27","regulatoryAum":1215942608,"clients":377,"employees":9,"offices":2}],"secFileNumber":"801-78358","legalName":"De Groote Financial Group, LLC","displayName":"De Groote Financial Group","slug":"de-groote-financial-group-168178","website":"https://degrootefinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/168178/1fccbbe91933bec1-r1.webp","tone":"light","width":707,"height":200,"sourceUrl":"https://degrootefinancial.com/","sourceLabel":"DE Groote Financial Group, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/7583618/admin/updates/","xUrl":"https://twitter.com/degrootegroup","founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3013 Willow Lane","city":"Thousand Oaks","state":"CA","stateName":"California","country":"United States","postalCode":"91361"},"tradeNames":[],"registration":{"secApproved":"25 July 2013","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2548447.876080692,"staff":{"employees":9,"advisory":3,"brokerDealerReps":0,"insuranceAgents":1,"promoters":3},"aum":{"regulatory":1215942608,"discretionary":1215942608,"discretionaryAccounts":2346,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":2384221945,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":200,"regulatoryAum":152847839},{"label":"High-net-worth individuals","clients":147,"regulatoryAum":731463574},{"label":"Pension and profit-sharing plans","clients":18,"regulatoryAum":17803379},{"label":"Corporations and other businesses","clients":12,"regulatoryAum":313827816}],"feePrograms":[{"role":"main","program":"Investment Management and Wealth Management Fees","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1.5,"from":0},{"to":1000000,"pct":1.25,"from":500000},{"to":2000000,"pct":1,"from":1000000},{"to":null,"pct":0.85,"from":2000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018868","versionId":1018868,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-13","documentName":"DISCLOSURE BROCHURE FOR DE GROOTE FINANCIAL GROUP, LLC","fee_rate_low":0.85,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Stand-Alone Financial Planning","summary":"Negotiable flat fee of up to $25,000, or hourly fee of up to $1,000, for stand-alone financial planning.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018868","versionId":1018868,"submittedOn":"2026-03-13","documentName":"DISCLOSURE BROCHURE FOR DE GROOTE FINANCIAL GROUP, LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T07:06:23.6029+00:00","documents":[{"name":"DISCLOSURE BROCHURE FOR DE GROOTE FINANCIAL GROUP, LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018868","versionId":1018868,"submittedOn":"2026-03-13"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018869","versionId":1018869,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":1215942608}],"custodyNote":"De Groote Financial Group has custody of $511M in client assets for 233 clients.","otherCustodians":[],"leadership":[{"name":"Fadi Ahmed","title":"Chief Compliance Officer & Chief Operations Officer","crd":"4780331"},{"name":"Douglas Degroote","title":"Managing Member","crd":"2839073"}],"ownership":[{"label":"Douglas Degroote","detail":"Managing member in the 75% or more ownership band and a control person, since August 2013."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"3013 Willow Lane","city":"Thousand Oaks","headquarters":true},{"street":"120 Newport Center DR.","city":"Newport Beach"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"805-230-0111","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"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":19},{"label":"Non-exchange-traded equity securities","percent":23},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":53},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"27 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/168178/PDF/168178.pdf","brochureDate":"13 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018868","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 De Groote Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does De Groote Financial Group offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does De Groote Financial Group charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does De Groote Financial Group use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does De Groote Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does De Groote Financial Group invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns De Groote Financial Group?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does De Groote Financial Group get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact De Groote Financial Group?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 May 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."}