Sovereign Financial Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, and insurance. Financial planning was provided to 1–10 clients last fiscal year.
Sovereign Financial Group reports 1,312 clients. They include 1,006 individual clients, 282 high-net-worth individuals and 12 charitable organizations. Of its assets, 98.3% ($1.06B across 4,408 accounts) are managed with discretion; $18.3M across 78 accounts are not. Of its clients, 5% are outside the U.S. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 77% | 27% |
| High-net-worth individuals | 21% | 71% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | <1% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,006 | $295M | 27.2% | $293K |
| High-net-worth individuals | 282 | $769M | 71.0% | $2.73M |
| Pension and profit-sharing plans | Fewer than 5 | $3.1M | 0.3% | — |
| Charitable organizations | 12 | $13.8M | 1.3% | $1.15M |
| Corporations and other businesses | 12 | $2.1M | 0.2% | $175K |
| Total | 1,312 | $1.08B | 100% | — |
- Clients
- 1,006
- Regulatory AUM
- $295M
- AUM share
- 27.2%
- Avg. per client
- $293K
- Clients
- 282
- Regulatory AUM
- $769M
- AUM share
- 71.0%
- Avg. per client
- $2.73M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.1M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 12
- Regulatory AUM
- $13.8M
- AUM share
- 1.3%
- Avg. per client
- $1.15M
- Clients
- 12
- Regulatory AUM
- $2.1M
- AUM share
- 0.2%
- Avg. per client
- $175K
Total
- Clients
- 1,312
- Regulatory AUM
- $1.08B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 5%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Sovereign Financial Group charges up to 3.00% a year for its Investment management services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Hourly rates of $200 to $450, fixed fees of $1,500 to $10,000, or ongoing planning fees of $500 to $2,500 billed quarterly; negotiable.
- Retirement plan advisory
- Annual asset-based fee of up to 1.00%, billed quarterly in advance or arrears and negotiable depending on the size and complexity of the plan.
Charles Failla owns 75% or more of Sovereign Financial Group. The leadership team of Sovereign Financial Group includes Chief Compliance Officer Christopher Mortara. It has 31 employees, 23 of them in advisory roles.
Leadership
- Christopher MortaraChief Compliance Officer
- Nicholas ThiedeHead of Operations
- Charles FaillaManaging Member
Investment adviser representatives
23 representatives listed in the SEC register as of 9 October 2026.
- Joseph W Bedford
- Myles Warren Boege
- John Raymond Buoni
- Robert Clinton Chedester
- John Christian Dady
- Charles L. Failla
- David Joshua Feldman
- Matthew James Foederer
- Thomas Allen Griffore
- Prather Randolph Hill
- John Karl Kochersperger
- Patricia Jane Ludgate
- Steven Alexander Massey
- Bruce Blase Palen
- Daniel Carl Pascone
- David Roger Primozich
- Brittany Jean Rogers
- Caryn J Smith
- Rosemary Taverna
- Nicholas Donald Thiede
- Clifford Wallach
- David Russell Wren
- Barton Lester Young
Staff
- 31 employees
- 23 in advisory functions
- 23 state-registered reps
- 1 broker-dealer rep
- 10 insurance agents
- 1 soliciting firm
- Owns 75% or more of Sovereign Financial Group, Inc.
Charles Failla
Control person · since July 2003
Sovereign Financial Group’s regulatory assets grew 2.2× from $483M (May 2021) to $1.08B (June 2026); clients rose from 802 to 1,312 and employees from 13 to 31.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $1.08B | 1,312 | 31 | 25 |
| June 2025 | $883M | 1,246 | 26 | 22 |
| May 2024 | $717M | 1,145 | 24 | 19 |
| July 2023 | $599M | 1,013 | 22 | 15 |
| July 2022 | $589M | 842 | 17 | 7 |
| May 2021 | $483M | 802 | 13 | 6 |
Besides its headquarters, Sovereign Financial Group has 24 offices (15 private residences, listed without an address), with 10 listed addresses across 6 states.
Connecticut · 4 listed addresses
- 35 West Broad Street, Suite 100, StamfordHQ
- Marsh Hill Business Park, 4 Oxford Road, Milford
- 78 Beaver Road, Wethersfield
- 1172 Post Road, Fairfield
New York · 2 listed addresses
- 60 East 42nd Street, New York
- 58 Phila St., Saratoga Springs
Arizona · 1 listed address
- 5635 N Scottsdale Road, Scottsdale
Colorado · 1 listed address
- 13540 Northgate Estates DR., Colorado Springs
Michigan · 1 listed address
- 24369 Holyoke Lane, Novi
Pennsylvania · 1 listed address
- 833 North Park Road, Wyomissing
Other business names
Sovereign Financial Group has reported 5 other business names to the SEC.
- Chedester Financial
- Massey Financial Services
- Stone Arch Wealth Advisors, LLC
- Tailored Wealth
- Venture Stone Wealth Management
Contact and registration details
- Legal name
- Sovereign Financial Group, Inc.
- Headquarters
- 35 West Broad Street, Suite 100, Stamford, CT 06902
- Website
- sovereignadvisors.com
- Phone
- 888-765-8180
- @sovereign-financial-group-inc
- SEC file
- 801-114529
- Founded
- 2003
- Structure
- Connecticut corporation
- Fiscal year end
- December
Sovereign Financial Group uses Raymond James ($833M, 84%) and Charles Schwab ($162M, 16%) as custodians for its separately managed accounts. Sovereign Financial Group has custody of $1.05B in client assets for 1,412 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $833M84%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $162M16%
At year end, Sovereign Financial Group’s separately managed accounts were mostly in stocks (58%) and funds (32%). Its reported 13F holdings for the quarter ended 30 June 2026 total $654M across 386 positions; the largest are Vanguard Tax-managed Fds (5.8%), Vanguard Index Fds (5.1%) and State Str SPDR S&P 500 ETF T (4.5%).
What the accounts hold
- Stocks58%
- Funds32%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash5%
- Other3%
- Variable annuities.3%
Reported 13F holdings
- $654M
- Reported 13F value
- 386
- Positions
- 36.4%
- In the 10 largest
- +13.7%
- Value vs. prior quarter
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt5.8%
- Vanguard Index Fds · Growth ETF5.1%
- State Str SPDR S&P 500 ETF T · TR Unit4.5%
- Vanguard Index Fds · Value ETF4.0%
- Invesco Qqq TR · Unit Ser 13.9%
- iShares TR · Core S&P500 ETF3.4%
- Alphabet Inc. · Cap Stk CL C3.2%
- Apple Inc.2.3%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF2.2%
- Vanguard Charlotte Fds · Total Int BD ETF2.0%
Together, the ten largest are 36.4% of reported value.
How many clients does Sovereign Financial Group have?
Sovereign Financial Group has 1,312 clients and manages $1.08 billion for them, as of June 2026. They include 1,006 individual clients, 282 high-net-worth individuals and 12 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 June 2026
What services does Sovereign Financial Group offer?
Sovereign Financial Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Sovereign Financial Group charge?
Sovereign Financial Group charges up to 3.00% a year for its Investment management services. The fee is billed in advance or in arrears and is negotiable.
Source: SOVEREIGN FINANCIAL GROUP, INC FIRM BROCHURE, filed 5 June 2026
Which custodians does Sovereign Financial Group use?
Sovereign Financial Group’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $833M and Charles Schwab & Co., Inc. (Westlake, TX), with $162M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 June 2026
How many financial advisors does Sovereign Financial Group have?
Sovereign Financial Group has 23 investment adviser representatives registered with state securities authorities, out of 31 employees, and 23 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 10 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 Sovereign Financial Group invest in?
At the end of its last fiscal year, Sovereign Financial Group’s separately managed accounts held 58% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 3% other, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. The 3% other category is described as: Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Sovereign Financial Group?
Sovereign Financial Group’s direct owner is Charles Failla (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 June 2026
How does Sovereign Financial Group get paid?
Sovereign Financial Group is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Sovereign Financial Group registered with the SEC?
Yes, Sovereign Financial Group has been registered with the SEC as an investment adviser since 31 January 2019. Its CRD number is 294314 and its SEC file number is 801-114529.
Source: Form ADV Part 1A, Item 1, filed 5 June 2026; IAPD firm record
How do I contact Sovereign Financial Group?
Sovereign Financial Group’s main office is at 35 West Broad Street, Suite 100, Stamford, CT 06902. Its phone number is 888-765-8180. Its website is sovereignadvisors.com.