{"url":"https://nivawealth.com/firms/greenbush-financial-group-125500","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/125500","regulatoryAum":616539856,"crd":"125500","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5830242","suffix":null,"lastName":"Harkness","firstName":"Bradley","middleName":"Scott"},{"crd":"6433035","suffix":"JR.","lastName":"MANGOLD","firstName":"ROBERT","middleName":"MICHAEL"},{"crd":"4725366","suffix":null,"lastName":"RUGER","firstName":"MICHAEL","middleName":"R."},{"crd":"4320792","suffix":null,"lastName":"WOJESKI","firstName":"DAVID","middleName":"MICHAEL"}],"total":4,"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":"2021-02-03","regulatoryAum":302774702,"clients":387,"employees":5,"offices":2},{"filedOn":"2022-01-27","regulatoryAum":382664300,"clients":442,"employees":5,"offices":2},{"filedOn":"2023-07-10","regulatoryAum":363528916,"clients":505,"employees":5,"offices":2},{"filedOn":"2024-07-29","regulatoryAum":410806467,"clients":558,"employees":5,"offices":2},{"filedOn":"2025-04-17","regulatoryAum":498155634,"clients":818,"employees":6,"offices":2},{"filedOn":"2026-08-06","regulatoryAum":616539856,"clients":800,"employees":6,"offices":1}],"secFileNumber":"801-73044","legalName":"Greenbush Financial Group, LLC","displayName":"Greenbush Financial Group","slug":"greenbush-financial-group-125500","website":"https://greenbushfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/1796062/","founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"159 Wolf Road, Suite 101","city":"Albany","state":"NY","stateName":"New York","country":"United States","postalCode":"12205"},"tradeNames":[],"registration":{"secApproved":"10 February 2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":561242.949074074,"staff":{"employees":6,"advisory":3,"brokerDealerReps":0,"insuranceAgents":2,"promoters":3},"aum":{"regulatory":616539856,"discretionary":393437070,"discretionaryAccounts":1209,"nonDiscretionary":223102786,"nonDiscretionaryAccounts":79,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":25},"clientTypes":[{"label":"Individuals (other than HNW)","clients":448,"regulatoryAum":118956098},{"label":"High-net-worth individuals","clients":200,"regulatoryAum":244729333},{"label":"Pension and profit-sharing plans","clients":146,"regulatoryAum":245803712},{"label":"Corporations and other businesses","clients":6,"regulatoryAum":7050713}],"feePrograms":[{"role":"main","program":"Asset Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054191","versionId":1054191,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-08-06","documentName":"GREENBUSH FINANCIAL GROUP, LLC PT 2A","fee_rate_low":0.1,"fee_rate_high":1.5,"fee_negotiable":null,"minimum_account":250000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"For clients who do not maintain investment accounts with the firm, financial planning is charged at a maximum of $1,000 per hour, negotiable, with a retainer of one-half the quoted fee.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054191","versionId":1054191,"submittedOn":"2026-08-06","documentName":"GREENBUSH FINANCIAL GROUP, LLC PT 2A"},{"role":"other","program":"Investment Consulting Services","summary":"Consulting is charged at a maximum of $1,000 per hour, negotiable; ongoing consultation generally does not exceed $50,000 per year, charged quarterly in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054191","versionId":1054191,"submittedOn":"2026-08-06","documentName":"GREENBUSH FINANCIAL GROUP, LLC PT 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T06:27:35.471142+00:00","documents":[{"name":"GREENBUSH FINANCIAL GROUP, LLC PT 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054191","versionId":1054191,"submittedOn":"2026-08-06"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":391576295},{"name":"Matrix Trust Company","shortName":"Matrix Trust","location":"Denver, CO","smaAssets":75061421},{"name":"Reliance Trust Company","shortName":"Reliance Trust","location":"Atlanta, GA","smaAssets":48353823},{"name":"Empower Trust Company","shortName":"Empower","location":"Houston, TX","smaAssets":85830060}],"custodyNote":"Greenbush Financial Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Robert Mangold","title":"Partner and Chief Compliance Officer","crd":"6433035"},{"name":"Michael Ruger","title":"Partner","crd":"4725366"},{"name":"David Wojeski","title":"Partner","crd":"4320792"}],"ownership":[{"label":"David Wojeski","detail":"Partner in the 25% to 50% ownership band and a control person, since January 2000."},{"label":"Michael Ruger","detail":"Partner in the 25% to 50% ownership band and a control person, since September 2007."},{"label":"Robert Mangold","detail":"Partner and chief compliance officer in the 10% to 25% ownership band and a control person, since January 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"159 Wolf Road, Suite 101","city":"Albany","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"518-477-6686","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Commissions","Performance-based fees","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Publication of periodicals or newsletters"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":5},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":85},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"6 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/125500/PDF/125500.pdf","brochureDate":"6 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054191","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 Greenbush Financial Group have?","answer":"Greenbush Financial Group has 800 clients and manages $617 million for them, as of August 2026. They include 448 individual clients, 200 high-net-worth individuals, and 146 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Greenbush Financial Group offer?","answer":"Greenbush Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and publishing newsletters.","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 Greenbush Financial Group charge?","answer":"Greenbush Financial Group charges 0.10%–1.50% a year for its Asset Management Services. The fee is billed in advance or in arrears and requires an account of at least $250,000.","source":"GREENBUSH FINANCIAL GROUP, LLC PT 2A, filed 6 August 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Greenbush Financial Group use?","answer":"Greenbush Financial Group’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $392M, Empower Trust Company (Houston, TX), with $85.8M, Matrix Trust Company (Denver, CO), with $75.1M and Reliance Trust Company (Atlanta, GA), with $48.4M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Greenbush Financial Group have?","answer":"Greenbush Financial Group has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 3 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 Greenbush Financial Group invest in?","answer":"At the end of its last fiscal year, Greenbush Financial Group’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities, 4% cash and equivalents, 3% U.S. government and agency bonds, 2% investment grade corporate bonds 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":"Does Greenbush Financial Group have a minimum investment?","answer":"Yes, Greenbush Financial Group’s minimum account size for its Asset Management Services is $250K.","source":"GREENBUSH FINANCIAL GROUP, LLC PT 2A, filed 6 August 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Greenbush Financial Group?","answer":"Greenbush Financial Group’s direct owners are David Wojeski, Michael Ruger and Robert Mangold, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 6 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Greenbush Financial Group get paid?","answer":"Greenbush Financial Group is paid through a percentage of assets under management, hourly charges, fixed fees, commissions, performance-based fees and other compensation.","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 Greenbush Financial Group?","answer":"Greenbush Financial Group’s main office is at 159 Wolf Road, Suite 101, Albany, NY 12205. Its phone number is 518-477-6686. Its website is greenbushfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 6 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/greenbush-financial-group-125500/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-21","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2061818/000121465926008742/0001214659-26-008742-index.html","totalValue":340057878,"positionCount":35,"top10Share":0.6945676347483413,"top10":[{"issuer":"VANGUARD INDEX FDS","titleOfClass":"S&P 500 ETF SHS","cusip":"922908363","value":47961344,"shares":69832,"shareType":"SH","priorValue":41254255,"priorShares":69039},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"VALUE ETF","cusip":"922908744","value":39065800,"shares":179259,"shareType":"SH","priorValue":20004443,"priorShares":101959},{"issuer":"VANGUARD BD INDEX FDS","titleOfClass":"TOTAL BND 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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."}