CG Advisory Services, LLC (“CGAS”) is an SEC-registered investment adviser with its principal place of
business located in Michigan. CG Advisory Services, LLC began conducting business in 2004.
Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling
25% or more of this company).
Anthony Joseph Mazzali, Managing Member
As of December 31, 2023, CG Advisory Services had a total of 17,241 accounts with total assets under
management of $3,215,431,632.18 all of which are managed on a discretionary basis. Discretionary
authority means Clients have given us the authority to determine the following without prior consent:
Securities to be bought or sold for the Client account
Amount of securities to be bought or sold for the Client account
We offer a variety of investment advisory financial services to our Clients. Our services include
Portfolio Management of Securities, Consulting, Financial Planning Services, Retirement Plan, and
401(k) services, all of which are discussed below in further detail. The management of all non-bespoke
Client portfolios are performed using our discretionary customized proprietary model investment
programs and bespoke non-program models. For the supervisory portfolio management of securities
programs, the management of the Client’s portfolio is delivered through use of a discretionary
bespoke APM model developed in consultation with the Client immediately prior to or at the time the
Client’s advisory account is opened.
For all investment discretionary investment advisory and related services described below, we tailor
our products in accordance with the Client specific needs in a documented financial plan or based on
client risk assessment This process involves taking multiple factors into consideration, including, but
not limited to, investment objectives, goals, time horizon, risk tolerance, income requirements, as well
as any reasonable guidelines and restrictions a Client may impose that are subject to CGAS approval
prior to implementation to reasonably ensure such restrictions do not impede the Client’s goals or
financial plan.
Our advisory services include recommendations to rollover client’s or prospective client’s
retirement plans, such as a defined benefit plan, defined contribution plans, health savings plans,
educational savings plans and individual retirement accounts (“IRA”), into another retirement
account or IRA, managed by CGAS where we earn a fee. When we make rollover
recommendations to manage a retirement account, we are a fiduciary under Title I of the
Employee Retirement Income Security Act (“ERISA”) and the Internal Revenue Code (“IRC”),
which governs retirement accounts. As such, we operate under a special standard of care rule to
provide prudent advice requiring us to act in your best interest and not put our interests ahead
of yours, charge no more than a “reasonable fee”, as defined under ERISA, and not make any
false or misleading statements.
CG Advisory Services, LLC offers the following advisory services:
Investment Advisory Services and Portfolio Management
We offer a variety of services to assist the Client with the management of the Client’s financial
resources, on a discretionary and non-discretionary basis, based upon an analysis of the Client’s
individual needs. The process typically begins with an initial complementary consultation. If during
or after the initial consultation the Client decides to engage us for financial planning services, we
meet with the Client to collect pertinent information about their personal and financial
circumstances and objectives. Once we have analyzed all the information we have gathered, we
create a written financial plan, tailored to the Client’s financial goals and objectives.
We also offer advice on a single aspect of the management of the Client’s financial condition. For
these Clients, we offer one-time and ongoing consulting services that address only those specific
areas of interest or concern.
We consider the following types of investments in developing a financial plan. However, we can
provide advice on any type of investment that we deem appropriate based on the Client’s stated
goals, objectives, and risk:
We provide business analysis, fiduciary investment review, fiduciary education, plan review, participant
and plan sponsor communication, participant education, retirement plan fee benchmarking, retirement
plan consulting, employee benefits consulting, executive benefits analysis, retirement plan analysis,
and employee benefits analysis to employers and business as part of our general service offering in
our Business Services division. We also work with plan trustees to review the costs and services of the
record-keeper and Third-Party Administrator (TPA) by benchmarking the plan with other providers.
As part of our standard offering, we work with employers to select investments in the retirement
plan
lineup that retirement plan participants would then choose to invest their contributions in. We
do not have investment discretion on these investments, and only make available a menu of
options for employees to select. We will then instruct the Recordkeeper to create a portfolio using
the funds available in the plan that correlate to the investment classes in the model portfolio.
Financial Planning Services
Exchange-Listed Securities, Securities Traded Over-The-Counter, Warrants, Corporate Debt
Securities, Commercial Paper, Certificates of Deposit, Municipal Securities, Mutual Fund
Shares, US Government Securities, Options Contracts on Securities, Real Estate Investment
Trusts (“REITs”), and Other Investments previously held at the start of the Client’s financial
planning process
Retirement Plan Services
We are required to give you basic information about our conflicts of interests, such as when we
make rollover recommendations this allows us to earn an additional fee that is in our interest and
disclose other conflicts of interest in the way we make money, as more fully described in under Item
10 of this Brochure.
All Clients have the option to purchase investment products that we recommend through other
brokers or agents that are not affiliated with CGAS. Insurance products are also offered to our Client
through affiliated insurance brokers, as more fully described below.
We provide general financial consulting services to clients and businesses depending on their
needs. Typically, the consultant will meet with the client and develop an asset allocation or
investment policy statement based on the Clients’ individual financial objectives, needs, risk and
circumstances. The client is under no obligation to use CGAS for either our consulting services or
to execute any recommendations.
We offer our Clients a package of supervisory investment management discretionary advisory
services that includes financial planning, administration, fee billing, and reporting, where Client
assets are held at unaffiliated qualified custodial platform established through direct Client
negotiated arrangements with the custodial platform. Portfolio management is provided through a
Client selected model of predetermined investments designed to meet our Clients’ financial plan
investment objectives and needs. All models are constructed, managed, and maintained by
CGAS, including separately customized models constructed by Investment Adviser
Representatives (“IARs”) for Clients who do not select one of the standard CGAS constructed
models more fully described below. We maintain and monitor all models on our systems,
software, and technology, some of which are provided to us, in part, from custodians where Client
assets are held. Our fees for Platform services include an advisory fee for continuous portfolio
management and implementation. Client fees will take into consideration several factors,
including aggregate assets under management and the complexity of the services to be provided.
Additionally, there are separate and distinct brokerage, custody, and other related fees charged
by the custodian which vary by custodian and the arrangement we have negotiated as part of our
servicing agreement with the custodian. As for the reporting and administrative services we
provide, the Client also pays a separate administrative fee, charged by CG Advisor Network.
Investment Advisory Fees
We charge investment advisory fees in the following ways: a flat annual fee; fixed with respect to the
type of account or advisory management provided; or based on the percentage of market value of
assets held in accounts under management our standard billing procedure described in Item 5
Section: Standard Billing Procedures. For certain accounts, we utilize a combination of the
aforementioned methodologies due to the complexity and nature of the relationship.
The maximum fee (Adviser Fee + CGAS Administration fee) that a Client can be charged is 2.50% of
assets under management as more fully described in Item 5: Section: Standard Billing Procedures.
We charge a minimum annual fee of $3,000 for households with less than $250,000 of adviser-
managed assets. This minimum fee is negotiable at the sole discretion of the Adviser based on,
including but not limited to, complexity of relationship, size of assets, and potential future business.
We communicate changes in the model portfolios to the various Recordkeepers, who make the
appropriate changes in the participant’s holdings. As part of our education, we help clients
understand the investment options to align with their investment objectives within the plan itself.
The investment selections and recommendations are monitored and assessed in accordance
with the retirement plan’s investment policy statement.
General Financial Consulting