Everest Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Everest Financial Group reports 1,940 clients. They include 1,590 individual clients and 350 high-net-worth individuals. Of its assets, 98.7% ($989M across 4,463 accounts) are managed with discretion; $13.1M across 42 accounts are not. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 38% |
| High-net-worth individuals | 18% | 62% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,590 | $381M | 38.0% | $239K |
| High-net-worth individuals | 350 | $622M | 62.0% | $1.78M |
| Total | 1,940 | $1B | 100% | $517K |
- Clients
- 1,590
- Regulatory AUM
- $381M
- AUM share
- 38.0%
- Avg. per client
- $239K
- Clients
- 350
- Regulatory AUM
- $622M
- AUM share
- 62.0%
- Avg. per client
- $1.78M
Total
- Clients
- 1,940
- Regulatory AUM
- $1B
- AUM share
- 100%
- Avg. per client
- $517K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Everest Financial Group charges up to 2.25% a year for its Investment Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Comprehensive and modular planning is a fixed fee up to $5,000 or hourly up to $500; written financial review is an annual fixed fee up to $15,000 or hourly up to $500.
The leadership team of Everest Financial Group includes President Tiow Chan, Chief Financial Officer Nikolas Wogstad and Chief Compliance Officer James Matejcek. It has 12 employees.
Leadership
- Tiow ChanVice President/Member
- James MatejcekPresident / Chief Compliance Officer
- Nikolas WogstadMember/Chief Financial Officer/Treasurer
- John MackimmMember
- Tai Hwee DiongMember
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Tiow Dennis Chan
- Tai Hwee Stanley Diong
- Joseph Norman Johnston
- Christopher Ryan Kaufman
- King Samuel Kearns
- John William Mackimm II
- James Joseph Matejcek II
- Douglas Miles Mock
- Paul W Muscat
- Julieann Elizabeth Schroeder
- Connie Ann Van Ornum
- Nikolas Paul Wogstad
Staff
- 12 employees
- 12 in advisory functions
- 12 state-registered reps
- 12 broker-dealer reps
- 10 insurance agents
- Owns 10% to 25% of Everest Financial Group LLC
John Mackimm
Control person · since January 2020
- Owns 10% to 25% of Everest Financial Group LLC
Nikolas Wogstad
Control person · since January 2020
- Owns 10% to 25% of Everest Financial Group LLC
Tai Hwee Diong
Control person · since December 2005
- Owns 10% to 25% of Everest Financial Group LLC
Tiow Chan
Control person · since December 2005
- Owns 10% to 25% of Everest Financial Group LLC
James Matejcek
Control person · since January 2021
Everest Financial Group’s regulatory assets grew 1.9× from $540M (July 2021) to $1B (March 2026); clients fell from 5,262 to 1,940 and employees were 12 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1B | 1,940 | 12 | 5 |
| March 2025 | $912M | 2,623 | 12 | 6 |
| June 2024 | $829M | 2,165 | 14 | 6 |
| March 2023 | $607M | 1,773 | 18 | 5 |
| March 2022 | $685M | 7,527 | 18 | 5 |
| July 2021 | $540M | 5,262 | 12 | 5 |
Besides its headquarters, Everest Financial Group has 4 offices (3 private residences, listed without an address), with 2 listed addresses in Minnesota.
Minnesota · 2 listed addresses
- 701 Xenia Ave S, Suite 250, MinneapolisHQ
- 15600 Wayzata BLVD, Wayzata
Other business names
Everest Financial Group has reported 1 other business name to the SEC.
- Sincere Financial LTD
Contact and registration details
- Legal name
- Everest Financial Group LLC
- Headquarters
- 701 Xenia Ave S, Suite 250, Minneapolis, MN 55416-1029
- Website
- Not reported
- Phone
- 763-923-7525
- SEC file
- 801-67635
- Structure
- Minnesota LLC
- Fiscal year end
- December
Everest Financial Group uses Charles Schwab ($1B) as custodian for its separately managed accounts. Everest Financial Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1B100%
At year end, Everest Financial Group’s separately managed accounts were mostly in funds (51%) and stocks (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $738M across 208 positions; the largest are Alphabet Inc. (5.0%), Amazon Com Inc. (4.8%) and Invesco Exch Traded FD TR II (4.4%).
What the accounts hold
- Stocks41%
- Funds51%
- Bonds4%
- U.S. government and agency bonds2%
- Investment grade corporate bonds2%
- Cash1%
- Other3%
- Annuities / etc.3%
Reported 13F holdings
- $738M
- Reported 13F value
- 208
- Positions
- 39.4%
- In the 10 largest
- +21.6%
- Value vs. prior quarter
- Alphabet Inc. · Cap Stk CL A5.0%
- Amazon Com Inc.4.8%
- Invesco Exch Traded FD TR II · S&P 500 Revenue4.4%
- Nvidia Corporation4.3%
- Taiwan Semiconductor Manufac · Sponsored ADS4.1%
- Microsoft Corp.4.0%
- Micron Technology Inc.3.5%
- Advanced Micro Devices Inc.3.3%
- Palo Alto Networks Inc.3.2%
- Apple Inc.3.1%
Together, the ten largest are 39.4% of reported value.
How many clients does Everest Financial Group have?
Everest Financial Group has 1,940 clients and manages $1 billion for them, as of March 2026. They include 1,590 individual clients and 350 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Everest Financial Group offer?
Everest Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Everest Financial Group charge?
Everest Financial Group charges up to 2.25% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Source: EVEREST FINANCIAL GROUP ADV BROCHURE, filed 30 March 2026
Which custodians does Everest Financial Group use?
Everest Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Everest Financial Group have?
Everest Financial Group has 12 investment adviser representatives registered with state securities authorities, out of 12 employees, and 12 perform investment advisory functions. 12 employees are registered representatives of a broker-dealer and 10 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 Everest Financial Group invest in?
At the end of its last fiscal year, Everest Financial Group’s separately managed accounts held 51% registered funds (mutual funds, ETFs, BDCs), 41% exchange-traded equities, 3% other, 2% U.S. government and agency bonds, 2% investment grade corporate bonds and 1% cash and equivalents. The 3% other category is described as: Annuities / Etc.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Everest Financial Group?
Everest Financial Group’s direct owners are John Mackimm, Nikolas Wogstad, Tai Hwee Diong, Tiow Chan and James Matejcek, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Everest Financial Group get paid?
Everest Financial Group is paid through a percentage of assets under management, hourly charges, 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 Everest Financial Group registered with the SEC?
Yes, Everest Financial Group has been registered with the SEC as an investment adviser since 30 March 2007. Its CRD number is 137260 and its SEC file number is 801-67635.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Everest Financial Group?
Everest Financial Group’s main office is at 701 Xenia Ave S, Suite 250, Minneapolis, MN 55416-1029. Its phone number is 763-923-7525.