Retirement Financial Group provides portfolio management for individuals and small businesses.
Retirement Financial Group reports 440 clients. They include 366 individual clients and 74 high-net-worth individuals. Of its assets, 100.0% ($186M across 1,004 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 83% | 45% |
| High-net-worth individuals | 17% | 55% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 366 | $84.6M | 45.5% | $231K |
| High-net-worth individuals | 74 | $101M | 54.5% | $1.37M |
| Total | 440 | $186M | 100% | $423K |
- Clients
- 366
- Regulatory AUM
- $84.6M
- AUM share
- 45.5%
- Avg. per client
- $231K
- Clients
- 74
- Regulatory AUM
- $101M
- AUM share
- 54.5%
- Avg. per client
- $1.37M
Total
- Clients
- 440
- Regulatory AUM
- $186M
- AUM share
- 100%
- Avg. per client
- $423K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Retirement Financial Group charges up to 1.50% a year for its Portfolio management services. The fee is billed in arrears, is negotiable and requires an account of at least $250,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting services (hourly)
- Consulting services are billed at a negotiable hourly fee of up to $500, payable on completion of the agreed services.
Clark Shofner owns 50% to 75% of Retirement Financial Group. It has 4 employees.
Leadership
- Erik MorganManaging Member
- Clark ShofnerManaging Member
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 3 insurance agents
- Owns 50% to 75% of Retirement Financial Group, LLC
Clark Shofner
Control person · since July 2022
- Owns 50% to 75% of Retirement Financial Group, LLC
Erik Morgan
Control person · since July 2022
Retirement Financial Group’s regulatory assets grew 1.7× from $107M (June 2023) to $186M (June 2026); clients rose from 285 to 440 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $186M | 440 | 4 | 2 |
| July 2025 | $153M | 388 | 3 | 3 |
| March 2024 | $122M | 329 | 2 | 2 |
| June 2023 | $107M | 285 | 4 | 2 |
Besides its headquarters, Retirement Financial Group has 1 office, with 2 listed addresses in Texas.
Texas · 2 listed addresses
- 1090 Longfellow DR., BeaumontHQ
- 2221 Helena Avenue, Nederland
Contact and registration details
- Legal name
- Retirement Financial Group, LLC
- Headquarters
- 1090 Longfellow DR., Beaumont, TX 77706
- Website
- rfgtex.com
- Phone
- 409-908-4160
- @retirement-financial-group
- SEC file
- 801-126392
- Structure
- Texas LLC
- Fiscal year end
- December
Retirement Financial Group uses Fidelity ($186M) as custodian for its separately managed accounts. Retirement Financial Group does not have custody of client assets.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $186M100%
At year end, Retirement Financial Group’s separately managed accounts were mostly in stocks (80%) and cash (14%).
What the accounts hold
- Stocks80%
- Bonds6%
- Investment grade corporate bonds5%
- U.S. government and agency bonds1%
- Cash14%
How many clients does Retirement Financial Group have?
Retirement Financial Group has 440 clients and manages $186 million for them, as of June 2026. They include 366 individual clients and 74 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 June 2026
What services does Retirement Financial Group offer?
Retirement Financial Group provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Retirement Financial Group charge?
Retirement Financial Group charges up to 1.50% a year for its Portfolio management services. The fee is billed in arrears, is negotiable and requires an account of at least $250,000.
Source: RETIREMENT FINANCIAL GROUP FORM ADV PART 2 A BROCHURE, filed 19 May 2026
Which custodians does Retirement Financial Group use?
Retirement Financial Group’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $186M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 June 2026
How many financial advisors does Retirement Financial Group have?
Retirement Financial Group has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 Retirement Financial Group invest in?
At the end of its last fiscal year, Retirement Financial Group’s separately managed accounts held 80% exchange-traded equities, 14% cash and equivalents, 5% investment grade corporate bonds 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
Does Retirement Financial Group have a minimum investment?
Yes, Retirement Financial Group’s minimum account size for its Portfolio management services is $250K.
Source: RETIREMENT FINANCIAL GROUP FORM ADV PART 2 A BROCHURE, filed 19 May 2026
Who owns Retirement Financial Group?
Retirement Financial Group’s direct owners are Clark Shofner (50% to 75%) and Erik Morgan (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 June 2026
How does Retirement Financial Group get paid?
Retirement 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
How do I contact Retirement Financial Group?
Retirement Financial Group’s main office is at 1090 Longfellow DR., Beaumont, TX 77706. Its phone number is 409-908-4160. Its website is rfgtex.com.