{"url":"https://nivawealth.com/firms/the-sher-wealth-management-group-172369","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/172369","regulatoryAum":145615428,"crd":"172369","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1457079","suffix":null,"lastName":"SHER","firstName":"PHILIP","middleName":"JONATHAN"},{"crd":"4695293","suffix":"MS.","lastName":"WOLF","firstName":"SHARLENE","middleName":"RABSON"}],"total":2,"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":"2025-02-28","regulatoryAum":129647339,"clients":54,"employees":2,"offices":1},{"filedOn":"2026-01-15","regulatoryAum":145615428,"clients":56,"employees":2,"offices":1}],"secFileNumber":"801-131993","legalName":"The Sher Wealth Management Group, Inc.","displayName":"The Sher Wealth Management 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HNW)","clients":13,"regulatoryAum":4885231},{"label":"High-net-worth individuals","clients":34,"regulatoryAum":119909680},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":103348},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":110495},{"label":"Other","clients":9,"regulatoryAum":20606674}],"feePrograms":[{"role":"main","program":"Account Fee","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1001935","versionId":1001935,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-01-15","documentName":"ADV 2A","fee_rate_low":null,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:00:12.830104+00:00","documents":[{"name":"ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1001935","versionId":1001935,"submittedOn":"2026-01-15"}]},"custodians":[{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Fort Mill, SC","smaAssets":145615428}],"custodyNote":"The Sher Wealth Management Group does not have custody of client assets.","leadership":[{"name":"Sharlene Wolf","title":"Chief Compliance Officer","crd":"4695293"},{"name":"Philip Sher","title":"Managing Director","crd":"1457079"}],"ownership":[{"label":"Philip Sher","detail":"Managing director in the 75% or more ownership band and a control person, since January 1999."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"75 Second Ave., Suite 605","city":"Needham","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-928-3656","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"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":"Exchange-traded equity securities","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":92},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"15 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/172369/PDF/172369.pdf","brochureDate":"15 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1001935","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 The Sher Wealth Management Group have?","answer":"The Sher Wealth Management Group has 56 clients and manages $146 million for them, as of January 2026. They include 34 high-net-worth individuals, 13 individual clients and 9 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 15 January 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does The Sher Wealth Management Group offer?","answer":"The Sher Wealth Management Group 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 The Sher Wealth Management Group charge?","answer":"The Sher Wealth Management Group charges up to 1.25% a year for its Account Fee. The fee is billed in advance and is negotiable.","source":"ADV 2A, filed 15 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does The Sher Wealth Management Group use?","answer":"The Sher Wealth Management Group’s separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $146M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 January 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does The Sher Wealth Management Group have?","answer":"The Sher Wealth Management Group has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 The Sher Wealth Management Group invest in?","answer":"At the end of its last fiscal year, The Sher Wealth Management Group’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities and 3% 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 The Sher Wealth Management Group?","answer":"The Sher Wealth Management Group’s direct owner is Philip Sher (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 15 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does The Sher Wealth Management Group get paid?","answer":"The Sher Wealth Management 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":"Is The Sher Wealth Management Group registered with the SEC?","answer":"Yes, The Sher Wealth Management Group has been registered with the SEC as an investment adviser since 18 February 2025. Its CRD number is 172369 and its SEC file number is 801-131993.","source":"Form ADV Part 1A, Item 1, filed 15 January 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact The Sher Wealth Management Group?","answer":"The Sher Wealth Management Group’s main office is at 75 Second Ave., Suite 605, Needham, MA 02494. Its phone number is 617-928-3656. Its website is sherwealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 15 January 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."}