Expand Financial Group provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Expand Financial Group reports 320 clients. They include 232 individual clients, 65 high-net-worth individuals and 20 charitable organizations. Of its assets, 85.7% ($97.2M across 665 accounts) are managed with discretion; $16.2M across 80 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 28% |
| High-net-worth individuals | 20% | 62% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 0% | 0% |
| Charitable organizations | 6% | 10% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 232 | $31.4M | 27.6% | $135K |
| High-net-worth individuals | 65 | $70M | 61.7% | $1.08M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | 20 | $11.8M | 10.4% | $589K |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $307K | 0.3% | $102K |
| Total | 320 | $113M | 100% | — |
- Clients
- 232
- Regulatory AUM
- $31.4M
- AUM share
- 27.6%
- Avg. per client
- $135K
- Clients
- 65
- Regulatory AUM
- $70M
- AUM share
- 61.7%
- Avg. per client
- $1.08M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 20
- Regulatory AUM
- $11.8M
- AUM share
- 10.4%
- Avg. per client
- $589K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $307K
- AUM share
- 0.3%
- Avg. per client
- $102K
Total
- Clients
- 320
- Regulatory AUM
- $113M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Expand Financial Group is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting is charged hourly at a maximum of $350 per hour, or as flat fees from $500 to $10,000, negotiable.
David Bennett owns 75% or more of Expand Financial Group. The leadership team of Expand Financial Group includes Chief Compliance Officer David Bennett. It has 11 employees, 6 of them in advisory roles.
Staff
- 11 employees
- 6 in advisory functions
- 6 state-registered reps
- 1 insurance agent
- Owns 75% or more of Expand Financial Group, LLC
David Bennett
Control person · since March 2018
Besides its headquarters, Expand Financial Group has 5 offices (3 private residences, listed without an address), with 3 listed addresses across 2 states.
Tennessee · 1 listed address
- 7990 Regiment DR., Spring Hill
Texas · 1 listed address
- 1117 Elmwood Ave., Corsicana
Choose a state to see its listed addresses.
Contact and registration details
- Legal name
- Expand Financial Group, LLC
- Headquarters
- Not reported
- Website
- expandfinancialgroup.com
- Phone
- 916-521-5451
- SEC file
- 801-134940
- Structure
- Texas LLC
- Fiscal year end
- December
Expand Financial Group’s named custodian for separately managed accounts is Charles Schwab ($113M). Expand Financial Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $113M100%
At year end, Expand Financial Group’s separately managed accounts were mostly in stocks (72%) and cash (14%).
What the accounts hold
- Stocks72%
- Funds13%
- Cash14%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Expand Financial Group have?
Expand Financial Group has 320 clients and manages $113 million for them, as of May 2026. They include 232 individual clients, 65 high-net-worth individuals and 20 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 May 2026
What services does Expand Financial Group offer?
Expand Financial Group provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Expand Financial Group use?
Expand Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $113M. 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 May 2026
How many financial advisors does Expand Financial Group have?
Expand Financial Group has 6 investment adviser representatives registered with state securities authorities, out of 11 employees, and 6 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 Expand Financial Group invest in?
At the end of its last fiscal year, Expand Financial Group’s separately managed accounts held 72% exchange-traded equities, 14% cash and equivalents and 13% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Expand Financial Group?
Expand Financial Group’s direct owner is David Bennett (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 May 2026
How does Expand Financial Group get paid?
Expand 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 Expand Financial Group?
Its phone number is 916-521-5451. Its website is expandfinancialgroup.com.