{"url":"https://nivawealth.com/firms/pathways-advisory-group-143817","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/143817","regulatoryAum":388476260,"crd":"143817","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5506079","suffix":null,"lastName":"CARTER","firstName":"MICHELLE","middleName":"LYN"},{"crd":"5932457","suffix":null,"lastName":"KARST","firstName":"JEFFREY","middleName":"SCOTT"},{"crd":"7306176","suffix":null,"lastName":"Kelley","firstName":"Whitney","middleName":"Suzanne"},{"crd":"8244465","suffix":null,"lastName":"Mazman","firstName":"Michael","middleName":null},{"crd":"4838256","suffix":null,"lastName":"SMITH","firstName":"DUSTIN","middleName":"JOSEPH"}],"total":5,"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":"2021-06-24","regulatoryAum":203173711,"clients":165,"employees":9,"offices":1},{"filedOn":"2022-03-22","regulatoryAum":246273482,"clients":167,"employees":10,"offices":1},{"filedOn":"2023-03-23","regulatoryAum":224591269,"clients":181,"employees":11,"offices":1},{"filedOn":"2024-03-01","regulatoryAum":258446499,"clients":184,"employees":10,"offices":1},{"filedOn":"2025-06-10","regulatoryAum":275690147,"clients":181,"employees":9,"offices":1},{"filedOn":"2026-09-24","regulatoryAum":388476260,"clients":186,"employees":10,"offices":1}],"secFileNumber":"801-67921","legalName":"Pathways Advisory Group, Inc.","displayName":"Pathways Advisory Group","slug":"pathways-advisory-group-143817","website":"https://pathwaysadvisorygroup.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/143817/1d77eac16ae2d7c4-r1.webp","tone":"light","width":658,"height":200,"sourceUrl":"https://pathwaysadvisorygroup.com/","sourceLabel":"Pathways Advisory Group, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/pathways-advisory-group-inc-/","founded":"2007","organization":"California corporation","fiscalYearEnd":"December","headquarters":{"street":"684 West Cromwell Avenue, Suite 103","city":"Fresno","state":"CA","stateName":"California","country":"United States","postalCode":"93711"},"tradeNames":[],"registration":{"secApproved":"8 June 2007","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2088582.0430107526,"staff":{"employees":10,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":388476260,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":388476260,"nonDiscretionaryAccounts":1013,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":87,"regulatoryAum":68556628},{"label":"High-net-worth individuals","clients":99,"regulatoryAum":319919632}],"feePrograms":[{"role":"other","program":"Financial Consulting Service","summary":"Annual rate on portfolio value: 1.50% on the first $500,000, 0.75% to $1,000,000, 0.50% to $3,000,000 and 0.25% above; minimum $1,250 a quarter.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042400","versionId":1042400,"submittedOn":"2026-04-22","documentName":"FIRM BROCHURE"},{"role":"other","program":"Foundational Consulting Service","summary":"Annual consulting fee of $2,400 in the first year plus a $600 administrative fee waived that year; then hourly at $300 an hour, capped at $2,500 in year two and rising $100 a year.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042400","versionId":1042400,"submittedOn":"2026-04-22","documentName":"FIRM BROCHURE"},{"role":"other","program":"Hourly Consulting Service","summary":"Billed at $300 an hour for advisor time, $225 for paraplanner time and $150 for other staff, plus a $150 quarterly administrative fee for clients receiving investment management.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042400","versionId":1042400,"submittedOn":"2026-04-22","documentName":"FIRM BROCHURE"},{"role":"other","program":"Trustee Consulting Service","summary":"Annual rate on portfolio value: 1.00% on the first $1,000,000, 0.50% to $3,000,000 and 0.25% above; minimum $1,250 a quarter.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042400","versionId":1042400,"submittedOn":"2026-04-22","documentName":"FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T09:15:09.109107+00:00","documents":[{"name":"FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042400","versionId":1042400,"submittedOn":"2026-04-22"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":298368880}],"custodyNote":"Pathways Advisory Group has custody of $122M in client assets for 115 clients.","otherCustodians":[],"leadership":[{"name":"Jeffrey Karst","title":"President","crd":"5932457"},{"name":"Dustin Smith","title":"Vice-President","crd":"4838256"},{"name":"Nicole Swanson","title":"Secretary, Chief Compliance Officer","crd":"7523959"}],"ownership":[{"label":"Dustin Smith","detail":"Vice-president in the 25% to 50% ownership band and a control person, since January 2014."},{"label":"Jeffrey Karst","detail":"President in the 25% to 50% ownership band and a control person, since January 2015."},{"label":"Nicole Swanson","detail":"Secretary, chief compliance officer in the 25% to 50% ownership band and a control person, since January 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"684 West Cromwell Avenue, Suite 103","city":"Fresno","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","retirement plan services","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"559-431-4700","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Publication of periodicals or newsletters"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":41},{"label":"Securities issued by registered investment companies or business development companies","percent":59}],"privateFunds":0},"sources":{"adv1FilingDate":"24 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/143817/PDF/143817.pdf","brochureDate":"22 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042400","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 Pathways Advisory Group have?","answer":"Pathways Advisory Group has 186 clients and manages $388 million for them, as of September 2026. They include 99 high-net-worth individuals and 87 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pathways Advisory Group offer?","answer":"Pathways Advisory Group provides financial planning, portfolio management for individuals and small businesses, publishing newsletters, education planning, estate planning, insurance, retirement plan services, and tax planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Pathways Advisory Group use?","answer":"Pathways Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $298M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pathways Advisory Group have?","answer":"Pathways Advisory Group has 5 investment adviser representatives registered with state securities authorities, out of 10 employees, and 5 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 Pathways Advisory Group invest in?","answer":"At the end of its last fiscal year, Pathways Advisory Group’s separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs) and 41% exchange-traded equities.","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 Pathways Advisory Group?","answer":"Pathways Advisory Group’s direct owners are Dustin Smith, Jeffrey Karst and Nicole Swanson, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 24 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pathways Advisory Group get paid?","answer":"Pathways Advisory 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 Pathways Advisory Group?","answer":"Pathways Advisory Group’s main office is at 684 West Cromwell Avenue, Suite 103, Fresno, CA 93711. Its phone number is 559-431-4700. Its website is pathwaysadvisorygroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 September 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."}