De Groote Financial Group, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$884,311,413
Clients
347
Advisors
2
of 9 employees
About
De Groote Financial Group provides discretionary investment management, wealth management and financial planning to individuals, retirement plans, trusts, estates, charitable organizations and business entities, including high-net-worth clients. The firm reports managing approximately $1.216 billion on a discretionary basis and offers retirement plan consulting and other advisory services as part of its wealth management platform.
The firm allocates client assets across independent managers, mutual funds, ETFs, individual fixed income and equity securities, and proprietary model portfolios (Core Conservative, Core Balanced and Core Growth) that are rebalanced quarterly. It also uses a third‑party TAMP and OCIO arrangements to access and, in some cases, delegate day-to-day trading to independent managers; in certain separately managed accounts the firm may employ derivatives or borrowing (margin) as part of its strategies and may recommend private placements for accredited investors.
Distinctive features include that De Groote acts as sponsor and manager of a wrap fee program through which it offers its investment management services and operates with a relatively compact advisory team while managing over $1.2 billion, resulting in an above-average amount of assets managed per advisor. The firm also discloses ownership and fee relationships with third parties (including equity interests and revenue arrangements with its platform provider and interests in certain private and ETF vehicles), which are identified as potential conflicts of interest and subject to the firm’s due diligence and disclosure processes.
Client services
Expertise
Fee options
Up to $25,000
$0 - $499,999: 1.50% $500,000 - $999,999: 1.25% $1,000,000 - $2,000,000: 1.00% $2,000,001+: 0.85%
Up to $1,000 per hour
Main office
3013 Willow Lane
Thousand Oaks CA 91361
Advisors at this office
2
Most active in
Arizona · California · Florida · Illinois · Louisiana · Massachusetts · Nevada · New Hampshire · Oregon · Texas · Utah
Also doing business as
Abernand Capital Advisors, LLC · De Groote Financial Group, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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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
Bruce L
Series 63, Series 65
Thousand Oaks, CA
De Groote Financial Group, LLC
Bruce Lacey is a financial advisor with De Groote Financial Group, LLC in Thousand Oaks, CA, holding Series 63 and Series 65 licenses and bringing 28 years of industry experience. He previously worked at Girard Securities, Inc. and United Capital Financial Advisers, Inc. from 2009 to 2022. De Groote Financial Group provides discretionary wealth and investment management, financial planning, and retirement plan consulting to individuals, trusts, estates, charitable organizations, and employer plans. The firm manages approximately $750 million in discretionary assets across about 400 client relationships, utilizing ETFs, mutual funds, individual bonds and equities, and allocations to third-party managers and private placements.
Douglas D
CFP®, Series 63
Thousand Oaks, CA
De Groote Financial Group, LLC
Douglas De Groote is a CFP® professional with 29 years of industry experience, currently serving at De Groote Financial Group, LLC since 2013. He also has a long tenure with Girard Securities, Inc., spanning over 20 years. Outside of his advisory work, he is the CFO of Freedom Square, a web-based platform focused on American-made goods and related content, and CEO of Lunch With 4 Interesting People, a phone application facilitating meet-up events among advisors. De Groote Financial Group provides discretionary wealth and investment management, financial planning, and retirement plan consulting to a range of clients including individuals, trusts, estates, charitable organizations, and employer plans. The firm manages over $750 million in discretionary assets and offers portfolio management through proprietary models, third-party managers, and various investment vehicles.
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