Shuster Advisory Group, Llc
- Regulatory AUM
- $10.3B
- Discretionary
- $10.2B
- Clients
- 435
- Avg AUM / client
- $23.7M
- Accounts
- 1,026
- Employees
- 15
AUM over time
Annual snapshots from Form ADV filings · as of May 20, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 39 | $5.1M | 0.05% |
| High net worth individuals | 153 | $588M | 5.7% |
| Pension and profit sharing plans | 71 | $977M | 9.47% |
| Charitable organizations | 1 | $245K | 0.0% |
| State or municipal government entities | 103 | $8.5B | 82.6% |
| Corporations and other businesses | 32 | $115M | 1.11% |
| Other | 36 | $108M | 1.04% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Morgan & Morgan P A 401(k) Profit Sharing Plan And Trust Morgan & Morgan P A | 2024 | |
| Caruso Management Company 401(k) Retirement Savings Plan And Trust Caruso Management Company, Ltd. | 2024 | |
| Intercommunity Health Associates, Inc. 401(k) Plan Intercommunity Health Associates, Inc. | 2024 | |
| Troy Group, Inc. 401(k) Savings And Investment Plan Troy Group, Inc. | 2024 | |
| Para Los Ninos 401(k) Plan Para Los Ninos | 2024 | |
| Universal Electronics, Inc. 401(k) And Profit Sharing Plan Universal Electronics, Inc. | 2024 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mark Shuster | Managing Member | Feb 2014 (13y) | 75% or more | |
| Cristopher Jon Borden | Chief Investment Officer | Apr 2016 (10y) | Less than 5% | |
| Parrino, Joann | Member/Chief Compliance Officer | Oct 2016 (10y) | Less than 5% | |
| Carl Steinhilber | Registered representative | Jul 2022 (4y) | ||
| Jay Scott Brewer | Registered representative | Dec 2022 (4y) | ||
| Jonathan Taylor Young | Registered representative | Sep 2025 (1y) | ||
| Michael David Carlos Gonzalez | Registered representative | CFA | May 2026 (0y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (6)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Morgan & Morgan P A 401(k) Profit Sharing Plan And Trust | Morgan & Morgan P A | 4,754 | $193M | 01/01/2024 |
| Caruso Management Company 401(k) Retirement Savings Plan And Trust | Caruso Management Company, Ltd. | 142 | $29.5M | 01/01/2024 |
| Intercommunity Health Associates, Inc. 401(k) Plan | Intercommunity Health Associates, Inc. | 328 | $122M | 01/01/2024 |
| Troy Group, Inc. 401(k) Savings And Investment Plan | Troy Group, Inc. | 114 | $15.4M | 01/01/2024 |
| Para Los Ninos 401(k) Plan | Para Los Ninos | 379 | $5.8M | 01/01/2024 |
| Universal Electronics, Inc. 401(k) And Profit Sharing Plan | Universal Electronics, Inc. | 162 | $68.0M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/20/2026 | 1.01 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
Custody
Reported custodians
- Charles Schwab & Co. $3.5B (34% of AUM) May 2026
- Empower $2.3B (29% of AUM) Nov 2025
- Vantage Trust Company $2.1B (20% of AUM) May 2026
- Empower Trust Co $1.9B (18% of AUM) May 2026
- Massachusetts Mutual Life Insurance Company $1.4B (38% of AUM) Mar 2022
- Voya Retirement Insurance And Annuity Company $1.2B (11% of AUM) May 2026
- Missionsquare Retirement $971M (22% of AUM) Dec 2023
- International City Management Association Retirement Corporation $790M (22% of AUM) Mar 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 20, 2026.
View current Form ADV (SEC/IAPD) ↗