Pax Financial Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year.
Pax Financial Group reports 1,350 clients. They include 1,176 individual clients and 174 high-net-worth individuals. Of its assets, 100.0% ($747M across 3,900 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $726M. It advised 16 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 47% |
| High-net-worth individuals | 13% | 53% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,176 | $351M | 47.0% | $299K |
| High-net-worth individuals | 174 | $396M | 53.0% | $2.28M |
| Total | 1,350 | $747M | 100% | $553K |
- Clients
- 1,176
- Regulatory AUM
- $351M
- AUM share
- 47.0%
- Avg. per client
- $299K
- Clients
- 174
- Regulatory AUM
- $396M
- AUM share
- 53.0%
- Avg. per client
- $2.28M
Total
- Clients
- 1,350
- Regulatory AUM
- $747M
- AUM share
- 100%
- Avg. per client
- $553K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 16
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Pax Financial Group charges 0.50%–1.50% a year for its PAX Financial Group Wrap Fee Program. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consultation
- Limited planning projects are charged at $500.00 an hour on a fixed fee estimate; ongoing planning is an annual fee billed monthly or quarterly in advance, negotiable.
Darryl Lyons owns 50% to 75% of Pax Financial Group. The leadership team of Pax Financial Group includes President Janise Brooks and Chief Compliance Officer Gery Sadzewicz. It has 22 employees, 11 of them in advisory roles.
Leadership
Janise BrooksPresident- Gery SadzewiczChief Compliance Officer
David AlvarezMember- Alejandra BryantMember
Monica CervantesMember- Christy CloustonMember
- Jonathon FitzSimonMember
Charles GarciaMember
Laura SimpsonMember
Roger StukkieMember
Jennifer WallMember
Darryl LyonsCEO,- Bryan WingMember
- Justin ElliottMember
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
Staff
- 22 employees
- 11 in advisory functions
- 14 state-registered reps
- 12 insurance agents
- Owns 50% to 75% of Pax Financial Group, LLC
Darryl Lyons
Control person · since January 2007
- Owns 10% to 25% of Pax Financial Group, LLC
Janise Brooks
since July 2016
- Owns 5% to 10% of Pax Financial Group, LLC
Bryan Wing
since January 2023
- Owns 5% to 10% of Pax Financial Group, LLC
Justin Elliott
since January 2016
Pax Financial Group’s regulatory assets grew 1.7× from $445M (July 2021) to $747M (June 2026); clients rose from 1,235 to 1,350 and employees from 20 to 22.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $747M | 1,350 | 22 | 3 |
| July 2025 | $728M | 2,479 | 24 | 2 |
| June 2024 | $600M | 2,139 | 24 | 2 |
| July 2023 | $495M | 2,170 | 22 | 2 |
| July 2022 | $555M | 1,311 | 21 | 3 |
| July 2021 | $445M | 1,235 | 20 | 3 |
Besides its headquarters, Pax Financial Group has 2 offices (2 private residences, listed without an address), with 1 listed address in Texas.
Texas · 1 listed address
- 270 North Loop 1604 East, Suite 200, San AntonioHQ
Other business names
Pax Financial Group has reported 2 other business names to the SEC.
- Pax Financial Group
- Pax Financial Group Insurance Services
Contact and registration details
- Legal name
- Pax Financial Group, LLC
- Headquarters
- 270 North Loop 1604 East, Suite 200, San Antonio, TX 78232
- Website
- Not reported
- Phone
- 210-881-5700
- SEC file
- 801-107918
- Structure
- Texas LLC
- Fiscal year end
- December
Pax Financial Group uses Charles Schwab ($726M) as custodian for its separately managed accounts. Pax Financial Group has custody of $454M in client assets for 1,494 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $726M100%
At year end, Pax Financial Group’s separately managed accounts were mostly in funds (89%). Its reported 13F holdings for the quarter ended 30 June 2026 total $673M across 207 positions; the largest are iShares TR (12.4%), iShares TR (5.0%) and iShares TR (4.8%).
What the accounts hold
- Funds89%
- Bonds1%
- Cash7%
- Other3%
- Structured notes and cryptocurrency3%
Reported 13F holdings
- $673M
- Reported 13F value
- 207
- Positions
- 42.8%
- In the 10 largest
- +14.8%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF12.4%
- iShares TR · Core Univrsl Usd5.0%
- iShares TR · S&P 500 Grwt ETF4.8%
- Blackrock ETF Trust · iShares US Equit4.5%
- iShares TR · S&P 500 Val ETF4.0%
- iShares Inc. · Core MSCI Emkt2.6%
- Northern Lts FD TR IV · Inspire Intl ETF2.6%
- Blackrock ETF Trust · Isha I IN TE ETF2.6%
- iShares TR · Eafe Grwth ETF2.2%
- SPDR Series Trust · ST Str P500etf2.2%
Together, the ten largest are 42.8% of reported value.
How many clients does Pax Financial Group have?
Pax Financial Group has 1,350 clients and manages $747 million for them, as of June 2026. They include 1,176 individual clients and 174 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 June 2026
What services does Pax Financial Group offer?
Pax Financial Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Pax Financial Group charge?
Pax Financial Group charges 0.50%–1.50% a year for its PAX Financial Group Wrap Fee Program. The fee is billed in advance and is negotiable.
Which custodians does Pax Financial Group use?
Pax Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $726M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 June 2026
How many financial advisors does Pax Financial Group have?
Pax Financial Group has 14 investment adviser representatives registered with state securities authorities, out of 22 employees, and 11 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 12 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
What does Pax Financial Group invest in?
At the end of its last fiscal year, Pax Financial Group’s separately managed accounts held 89% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents, 3% other and 1% state and local bonds. The 3% other category is described as: Structured Notes and Cryptocurrency.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Pax Financial Group?
Pax Financial Group’s direct owners are Darryl Lyons (50% to 75%), Janise Brooks (10% to 25%), Bryan Wing (5% to 10%) and Justin Elliott (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 June 2026
How does Pax Financial Group get paid?
Pax Financial Group is paid through a percentage of assets under management, 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
Is Pax Financial Group registered with the SEC?
Yes, Pax Financial Group has been registered with the SEC as an investment adviser since 3 June 2016. Its CRD number is 284164 and its SEC file number is 801-107918.
Source: Form ADV Part 1A, Item 1, filed 25 June 2026; IAPD firm record
How do I contact Pax Financial Group?
Pax Financial Group’s main office is at 270 North Loop 1604 East, Suite 200, San Antonio, TX 78232. Its phone number is 210-881-5700.