{"url":"https://nivawealth.com/firms/retirement-financial-group-322692","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/322692","regulatoryAum":185903066,"crd":"322692","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8290813","suffix":null,"lastName":"Bergeron","firstName":"Hunter","middleName":"Allen"},{"crd":"6951804","suffix":null,"lastName":"MORGAN","firstName":"ERIK","middleName":"OTHA"},{"crd":"7597610","suffix":null,"lastName":"Reese","firstName":"Katelynn","middleName":"Makenzie"},{"crd":"4785962","suffix":null,"lastName":"SHOFNER","firstName":"CLARK","middleName":"CALVIN"}],"total":4,"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":"2023-06-01","regulatoryAum":107433161,"clients":285,"employees":4,"offices":2},{"filedOn":"2024-03-01","regulatoryAum":121665193,"clients":329,"employees":2,"offices":2},{"filedOn":"2025-07-17","regulatoryAum":153282380,"clients":388,"employees":3,"offices":3},{"filedOn":"2026-06-16","regulatoryAum":185903066,"clients":440,"employees":4,"offices":2}],"secFileNumber":"801-126392","legalName":"Retirement 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LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":185903066}],"custodyNote":"Retirement Financial Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Erik Morgan","title":"Managing Member","crd":"6951804"},{"name":"Katelynn Reese","title":"CCO","crd":"7597610"},{"name":"Clark Shofner","title":"Managing Member","crd":"4785962"}],"ownership":[{"label":"Clark Shofner","detail":"Managing member in the 50% to 75% ownership band and a control person, since July 2022."},{"label":"Erik Morgan","detail":"Managing member in the 50% to 75% ownership band and a control person, since July 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":2,"addresses":[{"street":"1090 Longfellow DR.","city":"Beaumont","headquarters":true},{"street":"2221 Helena Avenue","city":"Nederland"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"409-908-4160","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":80},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":5},{"label":"Cash and cash equivalents","percent":14}],"privateFunds":0},"sources":{"adv1FilingDate":"16 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/322692/PDF/322692.pdf","brochureDate":"19 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045687","iapdCompiledDate":null,"retrievedDate":"15 October 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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Retirement Financial Group offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Retirement Financial Group charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Retirement Financial Group use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Retirement Financial Group have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Retirement Financial Group invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Retirement Financial Group have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Retirement Financial Group?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Retirement Financial Group get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Retirement Financial Group?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 16 June 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."}