Pathways Advisory Group, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Pathways Advisory Group provides fee-only financial planning and investment advisory services to individuals and families (including high-net-worth clients), as well as trusts, retirement plan sponsors, and business entities. The firm offers non‑discretionary investment management, retirement-plan and trustee consulting, a Foundational Consulting program for beginning investors, and occasional pro bono financial education; it reports managing roughly $388 million for about 165 clients and employs five advisors.
Its investment approach emphasizes diversified, evidence‑based portfolios constructed mainly with low‑cost institutional‑class mutual funds and ETFs, with the firm describing passive, asset‑allocation-driven strategies and periodic tilts toward small‑cap and value exposures rather than market timing. Portfolios are implemented on a non‑discretionary basis under a limited power of attorney, and clients receive quarterly performance reports and other periodic account communications.
Distinctive for a team of its size, Pathways manages the bulk of its assets on a non‑discretionary basis so clients retain final trade approval, a model that differs from the more common discretionary arrangements used by many peers. The firm also maintains a structured pathway for smaller or early‑stage investors through its Foundational Consulting Service (a fixed first‑year consulting fee that transitions to hourly billing until the client reaches $400,000 in assets under management) and provides routine quarterly reports/periodicals as part of its client communications.
Client services
Expertise
Occupation focus
Demographic focus
Fee options
Foundational Consulting Service has a fixed annual consulting fee of $2,400 during the first year plus an administrative fee of $600 per year (waived first year).
$0 - $500,000: 1.50% $500,000 - $1,000,000: 0.75% $1,000,000 - $3,000,000: 0.50% $3,000,000+: 0.25%
Advisor time billed at $300/hour; Paraplanner time at $225/hour; Other staff at $150/hour after first year of Foundational Consulting Service; also available as Hourly Consulting Service at $300/hour, $225/hour for paraplanners, $150/hour for other staff.
Account minimum: $300,000 Minimum fee: $1,250 minimum quarterly fee for Financial Consulting, Retirement Plan Consulting, and Trustee Consulting Services ($5,000 annually minimum) Fee-only: The firm is fee-only; does not accept any commissions or 12b-1 fees.
Main office
684 West Cromwell Avenue, Suite 103
Fresno CA 93711
Advisors at this office
5
Most active in
California · Oregon · Washington
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:
-
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.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
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
Michael M
CFP®
Fresno, CA
Pathways Advisory Group, Inc.
Michael Mazman is a CFP® professional with five years of experience at Pathways Advisory Group, Inc. in Fresno, CA, where he has worked since 2021. Prior to joining Pathways, he held positions at Dick's Sporting Goods and Expo Event Productions. Pathways Advisory Group provides fee-only financial planning and investment advisory services to individuals, families, trusts, retirement plan sponsors, and business entities. The firm manages approximately $388 million across about 165 clients using diversified, evidence-based portfolios primarily composed of low-cost institutional mutual funds and ETFs, operating largely on a non-discretionary basis.
Jeffrey K
Series 65
Fresno, CA
Pathways Advisory Group, Inc.
Jeffrey Karst is a financial advisor with Pathways Advisory Group, Inc. in Fresno, CA. He holds a Series 65 designation and has 14 years of industry experience, including over 16 years with Pathways. Pathways Advisory Group provides financial planning and investment advisory services to individuals, trusts, retirement plan sponsors, and business entities. The firm employs an evidence-based, asset-allocation approach focused on low-cost, broadly diversified mutual funds and ETFs, operating primarily on a non-discretionary basis with regular portfolio monitoring and quarterly reporting.
Dustin S
CFP®, Series 65
Fresno, CA
Pathways Advisory Group, Inc.
Dustin Smith is a CFP® professional with 22 years of industry experience. He has been with Pathways Advisory Group, Inc. in Fresno, CA since 2008 and previously worked at Portfolio Advisors, Inc. from 2004 to 2011. Pathways Advisory Group is a fee-only firm serving individuals, families, trusts, retirement plan sponsors, and businesses. The firm employs a non-discretionary, evidence-based investment approach using low-cost institutional mutual funds and ETFs, managing approximately $388 million across about 165 clients.
Michelle B
CFP®, Series 65
Fresno, CA
Pathways Advisory Group, Inc.
Michelle Bedsted is a CFP® with 18 years of experience and has been with Pathways Advisory Group, Inc. in Fresno, CA since 2008. She holds a Series 65 license and works as part of a five-advisor team. Pathways Advisory Group provides fee-only financial planning and investment advisory services to individuals, families, trusts, retirement plan sponsors, and business entities. The firm focuses on diversified, evidence-based portfolios using low-cost institutional mutual funds and ETFs, primarily managing assets on a non-discretionary basis to allow clients final trade approval.
Whitney K
CFP®, Series 65
Fresno, CA
Pathways Advisory Group, Inc.
Whitney Kelley is a CFP® and Series 65 professional with six years of industry experience, currently serving at Pathways Advisory Group, Inc. in Fresno, CA. She has been with Pathways Advisory Group for over a decade, contributing to the firm’s team of five advisors. Pathways Advisory Group provides fee-only financial planning and investment advisory services to individuals, families, trusts, retirement plan sponsors, and business entities. The firm emphasizes diversified, evidence-based portfolios using low-cost institutional-class mutual funds and ETFs, managing most assets on a non-discretionary basis to allow clients final trade approval.
Not sure where to start?
We'll help you think it through—whether you ultimately need an advisor or not. Warmer helps you compare advisors clearly, so you can choose with confidence.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Advisors are independent and may not have reviewed or updated this information. Please review an advisor’s Form ADV and do your own diligence before deciding whether to work with them.
Advisor matching and introductions are provided by FinanceHQ LLC (“FHQ”), a wholly-owned subsidiary of Warmer and an SEC-registered investment advisor. We receive compensation from certain participating advisors for introductions or referrals. This creates a conflict of interest because we have an incentive to recommend advisors who compensate us, including those who pay us more. You pay no fee to use our matching service, and advisor fees are not increased because of a referral or introduction. We do not review the ongoing performance of advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
By using our service, you agree to our Terms of Service and Advisory Agreement, and acknowledge our Privacy Policy. Please review FHQ’s ADV Part 2A and Form CRS. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. (“Warmer”)