{"url":"https://nivawealth.com/firms/kfg-337331","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/337331","regulatoryAum":188100000,"crd":"337331","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7751927","suffix":null,"lastName":"Fleming","firstName":"Cecilia","middleName":"Octavia Milagro"},{"crd":"7203448","suffix":null,"lastName":"Freidel","firstName":"Paul","middleName":"Harold"},{"crd":"4961415","suffix":null,"lastName":"GEHRING","firstName":"NATHANIEL","middleName":"GJERMUND"},{"crd":"1072338","suffix":null,"lastName":"KAHLER","firstName":"RICHARD","middleName":"STEVEN"},{"crd":"7406355","suffix":null,"lastName":"Koch","firstName":"Emily","middleName":null},{"crd":"8154215","suffix":null,"lastName":"Marcham","firstName":"William","middleName":"Benjamin"},{"crd":"5988128","suffix":null,"lastName":"PAULDING","firstName":"BENJAMIN","middleName":"AARON"},{"crd":"8330804","suffix":null,"lastName":"Swanson","firstName":"Karie","middleName":"Marie"}],"total":8,"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"},"acquisitions":[{"date":"2025-12-22","datePrecision":"day","name":"Kahler Financial Group","crd":"124042","source":"adv_w","dealType":"acquisition","sellerAum":173896900,"sellerAumDate":"2025-04-02","sourceUrl":"https://adviserinfo.sec.gov/firm/summary/124042"}],"secFileNumber":"801-134274","legalName":"KFG, LLC","displayName":"KFG","slug":"kfg-337331","website":"https://kahlerfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"South Dakota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"429 Quincy Street","city":"Rapid City","state":"SD","stateName":"South Dakota","country":"United States","postalCode":"57701"},"tradeNames":["Kahler Financial Group"],"registration":{"secApproved":"3 September 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1805000,"staff":{"employees":10,"advisory":10,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":188100000,"discretionary":144400000,"discretionaryAccounts":381,"nonDiscretionary":43700000,"nonDiscretionaryAccounts":135,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":46,"regulatoryAum":23800000},{"label":"High-net-worth individuals","clients":54,"regulatoryAum":156700000},{"label":"Corporations and other businesses","clients":1,"regulatoryAum":7600000}],"feePrograms":[{"role":"other","program":"Hourly and project services","summary":"Services not listed are billed hourly at up to $500 an hour, or as a project fee agreed at engagement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051164","versionId":1051164,"submittedOn":"2026-07-08","documentName":"FORM ADV PART 2A - FIRM BROCHURE"},{"role":"other","program":"Lightning Meeting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051164","versionId":1051164,"submittedOn":"2026-07-08","documentName":"FORM ADV PART 2A - FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T18:06:06.890468+00:00","documents":[{"name":"FORM ADV PART 2A - FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051164","versionId":1051164,"submittedOn":"2026-07-08"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":175378171}],"custodyNote":"KFG does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Paul Freidel","title":"Chief Compliance Officer, CEO and Managing Member","crd":"7203448"},{"name":"Benjamin Paulding","title":"CFO/COO and Managing","crd":"5988128"}],"ownership":[{"label":"Kahler Financial Group, Inc.","detail":"Member in the 25% to 50% ownership band and a control person, since July 2025."},{"label":"Paul Freidel","detail":"Chief compliance officer, ceo and managing member in the 50% to 75% ownership band and a control person, since July 2025."},{"label":"Benjamin Paulding","detail":"Cfo/coo and managing in the 10% to 25% ownership band, since July 2025."},{"label":"First American Trust (Revocable Trust/Richard Kahler Trustee)","detail":"Indirect owner: owner - 99% voting shares of Kahler Financial Group, Inc. and a control person, since January 2020.","parent":"Kahler Financial Group, Inc."},{"label":"Richard Kahler","detail":"Indirect owner: trustee of First American Trust (Revocable Trust/Richard Kahler Trustee) and a control person, since May 1989.","parent":"First American Trust (Revocable Trust/Richard Kahler Trustee)"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"South Dakota","offices":1,"addresses":[{"street":"429 Quincy Street","city":"Rapid City","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"605-343-1400","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters","Educational seminars/workshops","Other"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":41},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":50},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"8 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/337331/PDF/337331.pdf","brochureDate":"8 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051164","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 KFG have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does KFG offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does KFG use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does KFG have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does KFG invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns KFG?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does KFG get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact KFG?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 8 July 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."}