Open Range Financial Group, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Open Range Financial Group advises individuals (including high‑net‑worth clients), as well as trusts, estates and charitable organizations, through comprehensive portfolio management and standalone financial planning and consulting. The firm manages discretionary portfolios and provides planning services across a range of topics — from retirement and estate planning to business and tax planning — overseeing roughly $77 million in regulatory assets for about 71 client relationships.
The firm combines individualized financial planning with ongoing portfolio monitoring and may use third‑party sub‑advisors to implement and trade client strategies; its investment process draws on fundamental and technical analysis and can include a broad set of instruments such as ETFs, mutual funds, interval funds, alternative investments and private equity where suitable. Custodial access is provided via Charles Schwab and Altruist, accounts are reviewed at least quarterly, and the firm maintains a stated minimum account size for its comprehensive management service.
A notable feature is the firm’s affiliation with an insurance affiliate (Open Range Insurance Group, LLC), and several representatives are licensed to sell commissionable insurance products — a potential conflict the brochure discloses and says is managed through fiduciary obligations and client choice. The firm also emphasizes business‑oriented planning services (including corporate tax planning and cost segregation studies) and recent operational changes such as recommending Altruist as a custodian and moving to quarterly‑in‑advance billing.
Client services
Expertise
Fee options
Flat fees up to $10,000 for financial planning and consulting services
Under $500,000 - $499,999.99: 1.85% $500,000 - $999,999.99: 1.60% $1,000,000 - $1,999,999.99: 1.50% $2,000,000 - $4,999,999.99: 1.25% $5,000,000 - $9,999,999.99: 1.00% Over $10,000,000+: 0.70%
Account minimum: $250,000 Fee-only: Flat fees up to $10,000 for financial planning and consulting services, paid within 30 days of delivery
Main office
510 Austin Ave, Suite 118
Waco TX 76701
Advisors at this office
3
Most active in
Colorado · Louisiana · Texas
Also doing business as
Hanson Wealth Management, LLC · Open Range 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 active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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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.
Forms ADV
Quick links
Advisors at this firm
Kale H
Series 63
Waco, TX
Open Range Financial Group, LLC
Kale Hanson is a financial advisor with Open Range Financial Group, LLC in Waco, TX, holding a Series 63 designation and over 29 years of industry experience. He has been with Open Range Financial Group since 2015. Outside of his advisory role, he is the managing member and owner of V-5 Holdings LLC, an entity established to manage his registered investment advisor practice and related business activities. Open Range Financial Group advises individuals, including high-net-worth clients, as well as trusts, estates, and charitable organizations, providing comprehensive portfolio management and financial planning services. The firm employs a combination of fundamental and technical analysis and utilizes a broad range of investment instruments, while also maintaining an affiliated insurance agency licensed to sell commissionable insurance products.
Garret H
Series 65
Waco, TX
Open Range Financial Group, LLC
Garret Hanson is a financial advisor with Open Range Financial Group, LLC in Waco, TX, holding a Series 65 credential and six years of industry experience. He has been with Open Range Financial Group since 2016 and previously worked at Wake Nation Houston from 2015 to 2017. Hanson is also involved in insurance product sales through Open Range Insurance Group, LLC. Open Range Financial Group serves individuals, trusts, estates, and charitable organizations through portfolio management and financial planning, overseeing approximately $77 million in assets. The firm utilizes a comprehensive investment approach that includes fundamental and technical analysis and employs a diverse range of instruments, with custodial services provided by Charles Schwab and Altruist.
Nicolas S
CFP®, Series 66
Waco, TX
Open Range Financial Group, LLC
Nicolas Sudderth is a CFP® with six years of industry experience, currently serving at Open Range Financial Group, LLC since 2021. He previously worked at Edward Jones and has a background that includes a six-year tenure at Clear Creek Golf Club. Sudderth is also active as an insurance agent through Open Range Insurance Group, LLC. Open Range Financial Group provides portfolio management and financial planning services to individuals, trusts, estates, and charitable organizations. The firm employs a combination of individualized planning and portfolio monitoring, utilizing various investment instruments and third-party sub-advisors, and manages approximately $77 million in regulatory assets across about 71 client relationships.
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