{"url":"https://nivawealth.com/firms/sfga-168645","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/168645","regulatoryAum":110064758,"crd":"168645","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5154654","suffix":null,"lastName":"ARITA","firstName":"GRANT","middleName":"TATSURO"},{"crd":"5283799","suffix":null,"lastName":"ENOMOTO","firstName":"GRAHAM","middleName":"TADAHIKO"},{"crd":"5118567","suffix":null,"lastName":"KAKUGAWA","firstName":"KENDALL","middleName":"K.K."},{"crd":"1835557","suffix":null,"lastName":"SHIRAISHI","firstName":"HERBERT","middleName":"SUEKICHI"},{"crd":"2965770","suffix":null,"lastName":"WONG","firstName":"JASON","middleName":"LLOYD"}],"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":"2021-07-22","regulatoryAum":130680730,"clients":518,"employees":6,"offices":2},{"filedOn":"2022-02-22","regulatoryAum":133918363,"clients":547,"employees":6,"offices":2},{"filedOn":"2023-01-20","regulatoryAum":132506911,"clients":536,"employees":6,"offices":2},{"filedOn":"2024-03-01","regulatoryAum":124998236,"clients":510,"employees":6,"offices":2},{"filedOn":"2025-02-05","regulatoryAum":117832162,"clients":497,"employees":5,"offices":2},{"filedOn":"2026-05-06","regulatoryAum":110064758,"clients":458,"employees":5,"offices":2}],"secFileNumber":"801-107307","legalName":"Sfga LLC","displayName":"Sfga","slug":"sfga-168645","website":"https://shiraishifinancialgroup.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Hawaii limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1357 Kapiolani BLVD, Ste 1140","city":"Honolulu","state":"HI","stateName":"Hawaii","country":"United States","postalCode":"96814"},"tradeNames":[],"registration":{"secApproved":"18 February 2016","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":239206.11572052402,"staff":{"employees":5,"advisory":5,"brokerDealerReps":5,"insuranceAgents":5,"promoters":0},"aum":{"regulatory":110064758,"discretionary":107169168,"discretionaryAccounts":991,"nonDiscretionary":2895590,"nonDiscretionaryAccounts":11,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":379,"regulatoryAum":68562115},{"label":"High-net-worth individuals","clients":79,"regulatoryAum":40994286},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":508357}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":2.55,"from":0},{"to":null,"pct":1.5,"from":1000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","versionId":1007232,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-06","documentName":"FORM ADV PART 2A","fee_rate_low":1.5,"fee_rate_high":2.55,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Commissionable Variable Annuity and VUL Portfolios","summary":"Sub-accounts of commissionable variable annuities and variable universal life policies: maximum 1.85% on the first $1,000,000 and 1.00% above it; fees waived for the first 12 months, which may vary.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","versionId":1007232,"submittedOn":"2026-02-06","documentName":"FORM ADV PART 2A"},{"role":"other","program":"Financial Consultation Services","summary":"Financial consultation is a fixed annual fee of $500 to $10,000 per year, billed quarterly in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","versionId":1007232,"submittedOn":"2026-02-06","documentName":"FORM ADV PART 2A"},{"role":"other","program":"Financial Planning Services","summary":"Financial planning is a fixed fee of $500 to $10,000, varying with the client's complexity, agreed before the engagement and due in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","versionId":1007232,"submittedOn":"2026-02-06","documentName":"FORM ADV PART 2A"},{"role":"other","program":"Retirement Plan Services","summary":"Plan fiduciary and non-fiduciary services are priced as a percentage of plan assets (not above the portfolio management maximum), an hourly fee, a flat rate or a rate per participant.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","versionId":1007232,"submittedOn":"2026-02-06","documentName":"FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:46:38.486003+00:00","documents":[{"name":"FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","versionId":1007232,"submittedOn":"2026-02-06"}]},"custodians":[{"name":"Nationwide Investment Services Corporation","shortName":"Nationwide Investment Services","location":"Columbus, OH","smaAssets":44263272},{"name":"Axos Clearing LLC","shortName":"Axos Clearing","location":"Centennial, CO","smaAssets":19691948},{"name":"Security Distributors, LLC","shortName":"Security Distributors","location":"Topeka, KS","smaAssets":21575683}],"custodyNote":"Sfga does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Grant Arita","title":"Chief Compliance Officer","crd":"5154654"},{"name":"Herbert Shiraishi","title":"Managing Member","crd":"1835557"}],"ownership":[{"label":"Herbert Shiraishi","detail":"Managing member in the 75% or more ownership band and a control person, since July 2013."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Hawaii","offices":2,"addresses":[{"street":"1357 Kapiolani BLVD, Ste 1140","city":"Honolulu","headquarters":true},{"street":"116 Hualalai Street, Suite 100","city":"Hilo"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"808-951-7185","stateRegisteredReps":5,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"26-50","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":85},{"label":"Cash and cash equivalents","percent":15}],"privateFunds":0},"sources":{"adv1FilingDate":"6 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/168645/PDF/168645.pdf","brochureDate":"6 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007232","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 Sfga have?","answer":"Sfga has 458 clients and manages $110 million for them, as of May 2026. They include 379 individual clients and 79 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sfga offer?","answer":"Sfga provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.","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 Sfga charge?","answer":"Sfga charges 1.50%–2.55% a year for its Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"FORM ADV PART 2A, filed 6 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Sfga use?","answer":"Sfga’s separately managed account assets are held at Nationwide Investment Services Corporation (Columbus, OH), with $44.3M, Security Distributors, LLC (Topeka, KS), with $21.6M and Axos Clearing LLC (Centennial, CO), with $19.7M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sfga have?","answer":"Sfga has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 5 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 Sfga invest in?","answer":"At the end of its last fiscal year, Sfga’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs) and 15% cash and equivalents.","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 Sfga?","answer":"Sfga’s direct owner is Herbert Shiraishi (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 6 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sfga get paid?","answer":"Sfga 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Sfga?","answer":"Sfga’s main office is at 1357 Kapiolani BLVD, Ste 1140, Honolulu, HI 96814. Its phone number is 808-951-7185. Its website is shiraishifinancialgroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 6 May 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."}