KFG provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year.
KFG reports 101 clients. They include 54 high-net-worth individuals, 46 individual clients and 1 corporate or other business client. Of its assets, 76.8% ($144M across 381 accounts) are managed with discretion; $43.7M across 135 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 46% | 13% |
| High-net-worth individuals | 53% | 83% |
| Corporations and other businesses | <1% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 46 | $23.8M | 12.7% | $517K |
| High-net-worth individuals | 54 | $157M | 83.3% | $2.9M |
| Corporations and other businesses | 1 | $7.6M | 4.0% | $7.6M |
| Total | 101 | $188M | 100% | $1.86M |
- Clients
- 46
- Regulatory AUM
- $23.8M
- AUM share
- 12.7%
- Avg. per client
- $517K
- Clients
- 54
- Regulatory AUM
- $157M
- AUM share
- 83.3%
- Avg. per client
- $2.9M
- Clients
- 1
- Regulatory AUM
- $7.6M
- AUM share
- 4.0%
- Avg. per client
- $7.6M
Total
- Clients
- 101
- Regulatory AUM
- $188M
- AUM share
- 100%
- Avg. per client
- $1.86M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
KFG is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Hourly and project services
- Services not listed are billed hourly at up to $500 an hour, or as a project fee agreed at engagement.
- Lightning Meeting
- A 60-minute Lightning Meeting costs $990 with the principal, $650 with the lead financial planner or $350 with an associate, payable before the meeting.
Paul Freidel owns 50% to 75% of KFG. The leadership team of KFG includes Chief Compliance Officer Paul Freidel. It has 10 employees.
Leadership
Paul FreidelChief Compliance Officer, CEO and Managing Member
Benjamin PauldingCFO/COO and Managing
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 10 employees
- 10 in advisory functions
- 7 state-registered reps
- Owns 50% to 75% of KFG, LLC
Paul Freidel
Control person · since July 2025
- Owns 25% to 50% of KFG, LLC
Kahler Financial Group, Inc.
Control person · since July 2025
First American Trust (Revocable Trust/Richard Kahler Trustee)
Owner - 99% voting shares · Control person · since January 2020
Richard Kahler
Trustee · Control person · since May 1989
- Owns 10% to 25% of KFG, LLC
Benjamin Paulding
since July 2025
In 2025, Kahler Financial Group ($174M in its last filing) joined it.
Firms that joined
20251 joined
- Kahler Financial GroupLast filed AUM $174M
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, KFG has 0 offices, with 1 listed address in South Dakota.
South Dakota · 1 listed address
- 429 Quincy Street, Rapid CityHQ
Other business names
KFG has reported 1 other business name to the SEC.
- Kahler Financial Group
Contact and registration details
- Legal name
- KFG, LLC
- Headquarters
- 429 Quincy Street, Rapid City, SD 57701
- Website
- kahlerfinancial.com
- Phone
- 605-343-1400
- SEC file
- 801-134274
- Structure
- South Dakota LLC
- Fiscal year end
- December
KFG uses Charles Schwab ($175M) as custodian for its separately managed accounts. KFG does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $175M100%
At year end, KFG’s separately managed accounts were mostly in funds (50%) and stocks (41%).
What the accounts hold
- Stocks41%
- Funds50%
- Bonds1%
- Cash8%
How many clients does KFG have?
KFG has 101 clients and manages $188 million for them, as of July 2026. They include 54 high-net-worth individuals, 46 individual clients and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026
What services does KFG offer?
KFG provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does KFG use?
KFG’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $175M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026
How many financial advisors does KFG have?
KFG has 7 investment adviser representatives registered with state securities authorities, out of 10 employees, and 10 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 KFG invest in?
At the end of its last fiscal year, KFG’s separately managed accounts held 50% pooled vehicles (private funds and similar), 41% exchange-traded equities, 8% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns KFG?
KFG’s direct owners are Kahler Financial Group, Inc. (25% to 50%), Paul Freidel (50% to 75%) and Benjamin Paulding (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 8 July 2026
How does KFG get paid?
KFG 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
How do I contact KFG?
KFG’s main office is at 429 Quincy Street, Rapid City, SD 57701. Its phone number is 605-343-1400. Its website is kahlerfinancial.com.