Carter Financial Group, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Carter Financial Group, Inc. is a five‑advisor team managing roughly $382 million for individuals, high‑net‑worth clients, trusts, corporations, and retirement plans. The firm offers discretionary and non‑discretionary investment management, standalone or ongoing financial planning, selection and oversight of third‑party sub‑advisers, and participant‑level retirement account management using held‑away account connections.
Portfolio implementation uses a set of ten proprietary model portfolios that span conservative to aggressive risk profiles and may include mutual funds, ETFs, individual securities, option strategies and digital assets; the firm employs quantitative optimization, technical and statistical analysis and third‑party research to develop recommendations. For trade execution and operations the firm commonly relies on third‑party platforms — including a sub‑adviser platform and an order‑management tool for retirement plan participants — and conducts portfolio reviews at least quarterly.
The brochure discloses several features that distinguish the firm from many team peers: certain advisory personnel are also registered representatives of a broker‑dealer and hold insurance producer licenses and may receive commission compensation for securities and insurance sales, and the firm identifies a sub‑adviser platform fee waiver that could create an incentive to maintain assets with that sub‑adviser. The firm also makes a cash management product available through a third‑party provider, and it documents these arrangements and their potential conflicts of interest in its disclosure.
Client services
Expertise
Occupation focus
Fee options
Fixed fee of $500 for initial standalone financial planning, $250 annually for ongoing planning if under $500,000 AUM
$0 - $250,000: 2.50% $250,001 - $500,000: 2.30% $500,001 - $1,000,000: 1.75% $1,000,001 - $5,000,000: 1.50% $5,000,001 - $10,000,000: 1.25% $10,000,001+: 1.00%
Advisory professionals may receive commissions for sales of securities and insurance products; commissions disallowed on securities transferred within 12-18 months
Fee-only: Fixed fee of $500 for initial standalone financial planning, $250 annually for ongoing planning if under $500,000 AUM; financial planning included at no additional charge for clients with $500,000 or more AUM
Main office
See office222 South Cook Street
Barrington IL 60010
Advisors at this office
4
Offices (2)
Most active in
Arizona · California · Colorado · Florida · Illinois · Indiana · Iowa · Michigan · Missouri · New Hampshire · North Carolina · Tennessee · Texas · Washington · Wisconsin
Also doing business as
Abc Advisors LLC · Carter Financial Group, Inc. · Shaw Financial Group
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Teri S
Series 63, Series 65, Series 66
Barrington, IL
Carter Financial Group, Inc.
Teri Shaw is a financial advisor at Carter Financial Group, Inc. with 20 years of industry experience. She holds Series 63, Series 65, and Series 66 designations and has worked at Carter Financial Group since 2021 and previously at Voya Financial Advisors. Outside of her advisory role, she serves as the Chief School Business Official for Mokena Public Schools, managing multiple departments including business operations and transportation. Carter Financial Group provides investment management and financial planning services to individuals, high-net-worth clients, trusts, corporations, and retirement plans. The firm employs proprietary model portfolios and combines quantitative analysis with third-party managers to implement and rebalance client strategies.
Jennifer K
CFP®, Series 66
Barrington, IL
Carter Financial Group, Inc.
Jennifer Karch is a CFP® with 13 years of industry experience, currently serving as an advisor at Carter Financial Group, Inc. She previously worked at Voya Financial Advisors for five years and has been with Carter Financial Group since 2011. Outside of her advisory role, she also works as a model under the name Jennifer Yune. Carter Financial Group is a five-advisor team managing approximately $382 million for individual and institutional clients. The firm utilizes proprietary model portfolios and a combination of quantitative, technical, and statistical analysis to guide investment decisions, offering both discretionary and non-discretionary management along with financial planning services.
Stephanie H
Series 66
Butler, TN
Carter Financial Group, Inc.
Stephanie Hagan is a financial advisor with Carter Financial Group, Inc. She holds a Series 66 designation and has 13 years of industry experience. Her work history includes positions at VOYA Financial Advisors, Mutual Securities, Inc., and Carter Financial Group. Carter Financial Group provides investment management and financial planning services to individuals, high-net-worth clients, trusts, corporations, and retirement plans. The firm employs proprietary model portfolios and combines quantitative analysis with third-party managers to implement and rebalance client strategies.
Hannah C
Series 65
Barrington, IL
Carter Financial Group, Inc.
Hannah Carter is a financial advisor at Carter Financial Group, Inc. with four years of industry experience. She holds a Series 65 designation and has worked at several firms, including LILA and Saint Julivert. In addition to her advisory role, she is licensed as an insurance agent specializing in life, accident, and health insurance. Carter Financial Group, Inc. is a team of five advisors managing approximately $382 million for individuals, high-net-worth clients, trusts, corporations, and retirement plans. The firm utilizes proprietary model portfolios and a range of investment strategies, combining quantitative and technical analysis with third-party research.
Kevin C
CFP®, Series 63, Series 65
Barrington, IL
Carter Financial Group, Inc.
Kevin Carter is a CFP® professional with 39 years of industry experience, currently serving at Carter Financial Group, Inc. and Mutual Securities, Inc. since 2019. His prior experience includes five years at VOYA Financial Advisors. Outside of his advisory roles, he is an independent insurance agent focusing on life, health, and Medicare supplement insurance. Carter Financial Group provides investment management and financial planning services to individuals, high-net-worth clients, trusts, corporations, and retirement plans. The firm employs proprietary model portfolios and quantitative analysis combined with external platforms to manage client assets, offering both discretionary and non-discretionary management along with specialized services such as retirement plan participant account management and cash management solutions.
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