The Marshall Financial Group provides portfolio management for individuals and small businesses and portfolio management for institutions.
The Marshall Financial Group reports 1,019 clients. They include 828 individual clients, 166 high-net-worth individuals, and 11 pension and profit-sharing plans. Of its assets, 96.9% ($713M across 2,574 accounts) are managed with discretion; $22.9M across 93 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 38% |
| High-net-worth individuals | 16% | 53% |
| Pension and profit-sharing plans | 1% | 3% |
| Charitable organizations | <1% | 2% |
| Insurance companies | <1% | 3% |
| Other client typesCorporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 828 | $283M | 38.4% | $342K |
| High-net-worth individuals | 166 | $389M | 52.9% | $2.34M |
| Pension and profit-sharing plans | 11 | $25.1M | 3.4% | $2.28M |
| Charitable organizations | Fewer than 5 | $11.9M | 1.6% | $3.97M |
| Insurance companies | 5 | $20.6M | 2.8% | $4.13M |
| Corporations and other businesses | 6 | $5.78M | 0.8% | $963K |
| Total | 1,019 | $736M | 100% | — |
- Clients
- 828
- Regulatory AUM
- $283M
- AUM share
- 38.4%
- Avg. per client
- $342K
- Clients
- 166
- Regulatory AUM
- $389M
- AUM share
- 52.9%
- Avg. per client
- $2.34M
- Clients
- 11
- Regulatory AUM
- $25.1M
- AUM share
- 3.4%
- Avg. per client
- $2.28M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.9M
- AUM share
- 1.6%
- Avg. per client
- $3.97M
- Clients
- 5
- Regulatory AUM
- $20.6M
- AUM share
- 2.8%
- Avg. per client
- $4.13M
- Clients
- 6
- Regulatory AUM
- $5.78M
- AUM share
- 0.8%
- Avg. per client
- $963K
Total
- Clients
- 1,019
- Regulatory AUM
- $736M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
The Marshall Financial Group charges up to 3.00% a year for its Investment Management. The fee is billed in advance or in arrears and is negotiable.
Fee details and sources
Peter Marshall owns 75% or more of The Marshall Financial Group. The leadership team of The Marshall Financial Group includes President Peter Marshall. It has 18 employees, 10 of them in advisory roles.
Staff
- 18 employees
- 10 in advisory functions
- 10 state-registered reps
- 2 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of The Marshall Financial Group LLC
Peter Marshall
Control person · since October 2005
- Owns 10% to 25% of The Marshall Financial Group LLC
Agostino Pugliese
Control person · since October 2021
The Marshall Financial Group’s regulatory assets grew 3.5× from $208M (June 2021) to $736M (April 2026); clients rose from 417 to 1,019 and employees from 5 to 18. In 2021, Fiduciary First Advisors ($148M in its last filing) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $736M | 1,019 | 18 | 5 |
| May 2025May 2025 | $593M | 914 | 19 | 4 |
| Jul 2024July 2024 | $469M | 693 | 16 | 2 |
| Jun 2023June 2023 | $381M | 637 | 7 | 1 |
| Jul 2022July 2022 | $412M | 622 | 10 | 2 |
| Jun 2021June 2021 | $208M | 417 | 5 | 1 |
Firms that joined
20211 joined
- Fiduciary First AdvisorsLast filed AUM $148M
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, The Marshall Financial Group has 4 offices (3 private residences, listed without an address), with 2 listed addresses across 2 states.
California · 1 listed address
- 515 West Center Avenue, Visalia
Maryland · 1 listed address
- 225 Schilling Circle, Suite 295, Hunt ValleyHQ
Contact and registration details
- Legal name
- The Marshall Financial Group LLC
- Headquarters
- 225 Schilling Circle, Suite 295, Hunt Valley, MD 21031
- Website
- marshallfinancialgroup.com
- Phone
- 410-563-1190
- @5204222
- SEC file
- 801-117820
- Structure
- Maryland LLC
- Fiscal year end
- December
The Marshall Financial Group’s named custodians for separately managed accounts are Charles Schwab ($542M, 80%) and Fidelity ($137M, 20%). The Marshall Financial Group has custody of $441K for 1 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $542M80%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $137M20%
At year end, The Marshall Financial Group’s separately managed accounts were mostly in funds (51%) and stocks (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $686M across 311 positions; the largest are SPDR Series Trust (5.1%), Ssga Active TR (4.0%) and Invesco Qqq TR (4.0%).
What the accounts hold
- Stocks36%
- Exchange-traded equities35%
- Non-exchange-traded equities1%
- Funds51%
- Registered funds50%
- Pooled vehicles1%
- Bonds5%
- Investment grade corporate bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash9%
- Other3%
- Cds, variable annuities, mutual funds2%
- Derivatives1%
How many clients does The Marshall Financial Group have?
The Marshall Financial Group has 1,019 clients and manages $736 million for them, as of April 2026. They include 828 individual clients, 166 high-net-worth individuals, and 11 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 April 2026
What services does The Marshall Financial Group offer?
The Marshall Financial Group provides 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
How much does The Marshall Financial Group charge?
The Marshall Financial Group charges up to 3.00% a year for its Investment Management. The fee is billed in advance or in arrears and is negotiable.
Source: DISLOSURE DOCUMENT FOR ALL CLIENTS, filed 25 February 2026
Which custodians does The Marshall Financial Group use?
The Marshall Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $542M and Fidelity Brokerage Services LLC (Smithfield, RI), with $137M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 April 2026
How many financial advisors does The Marshall Financial Group have?
The Marshall Financial Group has 10 investment adviser representatives registered with state securities authorities, out of 18 employees, and 10 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 2 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 The Marshall Financial Group invest in?
At the end of its last fiscal year, The Marshall Financial Group’s separately managed accounts held 50% registered funds (mutual funds, ETFs, BDCs), 35% exchange-traded equities, 9% cash and equivalents, 3% investment grade corporate bonds, 2% other, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% derivatives and 1% pooled vehicles (private funds and similar). The 2% other category is described as: CDS, Variable Annuities, Mutual Funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Marshall Financial Group?
The Marshall Financial Group’s direct owners are Peter Marshall (75% or more) and Agostino Pugliese (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 8 April 2026
How does The Marshall Financial Group get paid?
The Marshall Financial Group is paid through a percentage of assets under management and subscription 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
How do I contact The Marshall Financial Group?
The Marshall Financial Group’s main office is at 225 Schilling Circle, Suite 295, Hunt Valley, MD 21031. Its phone number is 410-563-1190. Its website is marshallfinancialgroup.com.