{"url":"https://nivawealth.com/firms/murray-financial-group-157626","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/157626","regulatoryAum":1551222706,"crd":"157626","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6253732","suffix":null,"lastName":"ACHTERKIRCH","firstName":"CHARLES","middleName":"ALLAN"},{"crd":"6584574","suffix":null,"lastName":"Bennis","firstName":"Matthew","middleName":"H"},{"crd":"6267816","suffix":null,"lastName":"BENNIS","firstName":"WENDY","middleName":"K"},{"crd":"5130381","suffix":null,"lastName":"DUPPONG","firstName":"CHAD","middleName":"DAVID"},{"crd":"7939987","suffix":null,"lastName":"Gadtke","firstName":"Robert","middleName":"William"},{"crd":"4032969","suffix":"III","lastName":"GARTNER","firstName":"LAWRENCE","middleName":"THOMAS"},{"crd":"8131776","suffix":null,"lastName":"Hoffman","firstName":"Hayden","middleName":"Spencer"},{"crd":"5550094","suffix":null,"lastName":"JAYNES","firstName":"TIMOTHY","middleName":"BURNS"},{"crd":"7601253","suffix":null,"lastName":"Lundeen","firstName":"Benjamin","middleName":null},{"crd":"6296258","suffix":null,"lastName":"MURRAY","firstName":"JONATHAN","middleName":"ORLO"},{"crd":"1107727","suffix":"II","lastName":"MURRAY","firstName":"RICHARD","middleName":"JOHN"},{"crd":"2149316","suffix":"JR","lastName":"PRENTISS","firstName":"ROBERT","middleName":"NOBLE"},{"crd":"7844005","suffix":null,"lastName":"Sand","firstName":"Benjamin","middleName":"William"},{"crd":"2629097","suffix":null,"lastName":"SMED","firstName":"MARK","middleName":"STEVEN"}],"total":14,"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":"2021-02-05","regulatoryAum":943324664,"clients":1003,"employees":14,"offices":3},{"filedOn":"2022-01-20","regulatoryAum":1148281734,"clients":1147,"employees":14,"offices":3},{"filedOn":"2023-02-06","regulatoryAum":1002596173,"clients":1238,"employees":15,"offices":3},{"filedOn":"2024-02-13","regulatoryAum":1200848308,"clients":1323,"employees":15,"offices":3},{"filedOn":"2025-04-17","regulatoryAum":1349084643,"clients":1305,"employees":15,"offices":3},{"filedOn":"2026-02-04","regulatoryAum":1551222706,"clients":1318,"employees":17,"offices":3}],"secFileNumber":"801-72585","legalName":"Murray Financial Group, LLC","displayName":"Murray Financial Group","slug":"murray-financial-group-157626","website":"https://iscfinancialadvisors.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"http://linkedin.com/company/208400","founded":null,"organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"200 North Broadway Ave.","city":"Albert Lea","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"56007"},"tradeNames":[],"registration":{"secApproved":"12 July 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Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":1201632192}],"custodyNote":"Murray Financial Group has custody of $24.9M in client assets for 19 clients.","otherCustodians":[],"leadership":[{"name":"Richard Murray","title":"Managing Member and Chief Compliance Officer","crd":"1107727"},{"name":"Jonathan Murray","title":"Minority Owner","crd":"6296258"},{"name":"Lawrence Gartner","title":"Minority Owner","crd":"4032969"},{"name":"Timothy Jaynes","title":"Minority Owner","crd":"5550094"}],"ownership":[{"label":"Richard Murray","detail":"Managing member and chief compliance officer in the 50% to 75% ownership band and a control person, since April 2011."},{"label":"Jonathan Murray","detail":"Minority owner in the 10% to 25% ownership band, since January 2024."},{"label":"Lawrence Gartner","detail":"Minority owner in the 10% to 25% ownership band, since January 2024."},{"label":"Timothy Jaynes","detail":"Minority owner in the 10% to 25% ownership band, since January 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":3,"addresses":[{"street":"200 North Broadway Ave.","city":"Albert Lea","headquarters":true},{"street":"615 2nd Street","city":"Hudson"},{"street":"7760 France Avenue South","city":"Minneapolis"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"507-373-8216","stateRegisteredReps":10,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":8},{"label":"U.S. state and local bonds","percent":3},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":85},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"4 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/157626/PDF/157626.pdf","brochureDate":"4 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1006390","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 Murray Financial Group have?","answer":"Murray Financial Group has 1,318 clients and manages $1.55 billion for them, as of February 2026. They include 955 individual clients, 307 high-net-worth individuals, and 43 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Murray Financial Group offer?","answer":"Murray Financial Group provides financial planning, portfolio management for individuals and small businesses, and pension consulting.","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 Murray Financial Group charge?","answer":"Murray Financial Group charges 0.25%–0.90% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.","source":"ISC FINANCIAL ADVISORS ADV PART 2A, filed 4 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Murray Financial Group use?","answer":"Murray Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.2B. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Murray Financial Group have?","answer":"Murray Financial Group has 10 investment adviser representatives registered with state securities authorities, out of 17 employees, and 10 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 5 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 Murray Financial Group invest in?","answer":"At the end of its last fiscal year, Murray Financial Group’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 3% state and local bonds, 2% cash and equivalents and 1% investment grade corporate 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 Murray Financial Group?","answer":"Murray Financial Group’s direct owners are Richard Murray (50% to 75%), Jonathan Murray (10% to 25%), Lawrence Gartner (10% to 25%) and Timothy Jaynes (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 4 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Murray Financial Group get paid?","answer":"Murray Financial Group is paid through a percentage of assets under management and hourly charges. 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 Murray Financial Group?","answer":"Murray Financial Group’s main office is at 200 North Broadway Ave., Albert Lea, MN 56007. Its phone number is 507-373-8216. Its website is iscfinancialadvisors.com.","source":"Form ADV Part 1A, Item 1.F, filed 4 February 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."}