{"url":"https://nivawealth.com/firms/sgroi-wealth-advisory-group-289764","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/289764","regulatoryAum":1357154362,"crd":"289764","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4525664","suffix":null,"lastName":"CLOUDEN","firstName":"BRIAN","middleName":"MICHAEL"},{"crd":"2563999","suffix":null,"lastName":"CLOUDEN","firstName":"JOHN","middleName":"GERALD"},{"crd":"5756656","suffix":null,"lastName":"HAXTON","firstName":"JEFFREY","middleName":"LOREN"},{"crd":"6771338","suffix":null,"lastName":"Hutchings","firstName":"Paul","middleName":"Kirsten"},{"crd":"2709334","suffix":null,"lastName":"JUREK","firstName":"JENNIFER","middleName":"LYNN"},{"crd":"7212226","suffix":null,"lastName":"McAnulty","firstName":"Matthew","middleName":null},{"crd":"5693583","suffix":null,"lastName":"MCKELLAR","firstName":"SUMMER","middleName":"MELODY"},{"crd":"4378266","suffix":null,"lastName":"MCLAUGHLIN","firstName":"SHAWN","middleName":"PATRICK"},{"crd":"6060347","suffix":null,"lastName":"SCARSELLA","firstName":"VINCENT","middleName":"JOHN"},{"crd":"2226276","suffix":null,"lastName":"SGROI","firstName":"PATRICK","middleName":"JOSEPH"},{"crd":"5153580","suffix":null,"lastName":"TURCHIARELLI","firstName":"SANDRA","middleName":"JEAN"}],"total":11,"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":"2021-03-05","regulatoryAum":563440752,"clients":2089,"employees":25,"offices":1},{"filedOn":"2022-03-25","regulatoryAum":707190073,"clients":2089,"employees":22,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":691647886,"clients":3749,"employees":22,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":939008192,"clients":5256,"employees":25,"offices":1},{"filedOn":"2025-04-15","regulatoryAum":1084937140,"clients":3822,"employees":27,"offices":1},{"filedOn":"2026-02-02","regulatoryAum":1357154362,"clients":7676,"employees":27,"offices":2}],"secFileNumber":"801-112067","legalName":"Sgroi 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waived.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005794","versionId":1005794,"submittedOn":"2026-02-02","documentName":"SGROI WEALTH ADVISORY GROUP LLC FORM ADV PART 2A/3"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T05:20:15.780523+00:00","documents":[{"name":"SGROI WEALTH ADVISORY GROUP LLC FORM ADV PART 2A/3","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005794","versionId":1005794,"submittedOn":"2026-02-02"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Cincinnati, OH","smaAssets":0},{"name":"Charles Schwab","shortName":"Charles Schwab","location":"El Paso, TX","smaAssets":0},{"name":"PCS Retirement","shortName":"PCS Retirement","location":"Centennial, CO","smaAssets":61364451}],"custodyNote":"Sgroi Wealth Advisory Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Clouden","title":"Chief Compliance Officer and Senior Vice President","crd":"2563999"},{"name":"Patrick Sgroi","title":"President","crd":"2226276"}],"ownership":[{"label":"Lawley Sgroi Georgetown LLC","detail":"Owner in the 75% or more ownership band and a control person, since October 2024."},{"label":"Lawley Service Incorporated","detail":"Indirect owner: a owner of Lawley Sgroi Georgetown LLC in the 25% to 50% band and a control person, since October 2024.","parent":"Lawley Sgroi Georgetown LLC"},{"label":"Lawley PPC Investor LLC","detail":"Indirect owner: a owner of Lawley Sgroi Georgetown LLC in the 25% to 50% band and a control person, since October 2024.","parent":"Lawley Sgroi Georgetown LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"New York","offices":2,"addresses":[{"street":"965 Union Road","city":"West Seneca","headquarters":true},{"street":"5350 Main Street","city":"Williamsville"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"716-674-6700","stateRegisteredReps":13,"otherAdviserReps":12,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"5500","assetMix":[{"label":"Exchange-traded equity securities","percent":40},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":2},{"label":"Investment grade corporate bonds","percent":1},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":50},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"2 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/289764/PDF/289764.pdf","brochureDate":"2 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005794","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 Sgroi Wealth Advisory Group have?","answer":"Sgroi Wealth Advisory Group has 7,676 clients and manages $1.36 billion for them, as of February 2026. They include 7,478 individual clients, 169 high-net-worth individuals, and 23 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 2 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sgroi Wealth Advisory Group offer?","answer":"Sgroi Wealth Advisory Group provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Sgroi Wealth Advisory Group use?","answer":"Sgroi Wealth Advisory Group’s separately managed account assets are held at PCS Retirement (Centennial, CO), with $61.4M. The filing also lists Fidelity Brokerage Services LLC and Charles Schwab with no separately managed account assets.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sgroi Wealth Advisory Group have?","answer":"Sgroi Wealth Advisory Group has 13 investment adviser representatives registered with state securities authorities, out of 27 employees, and 14 perform investment advisory functions. 13 employees are registered representatives of a broker-dealer and 18 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 Sgroi Wealth Advisory Group invest in?","answer":"At the end of its last fiscal year, Sgroi Wealth Advisory Group’s separately managed accounts held 50% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities, 5% cash and equivalents, 2% state and local bonds, 1% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% high-yield corporate 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":"Who owns Sgroi Wealth Advisory Group?","answer":"Sgroi Wealth Advisory Group is owned through a holding company by Lawley Service Incorporated and Lawley PPC Investor LLC. Its direct owner is Lawley Sgroi Georgetown LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 2 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sgroi Wealth Advisory Group get paid?","answer":"Sgroi Wealth Advisory Group is paid through a percentage of assets under management. 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 Sgroi Wealth Advisory Group?","answer":"Sgroi Wealth Advisory Group’s main office is at 965 Union Road, West Seneca, NY 14224. Its phone number is 716-674-6700. Its website is sgroilawley.com.","source":"Form ADV Part 1A, Item 1.F, filed 2 February 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."}