Carroll Group

The Carroll Group, Inc. (incorporated since 1993) manages investment advisory accounts for high net worth families and individuals. The company is 100% owned by Joseph Carroll, the principal and portfolio advisor. Client accounts models lay on a spectrum depending on clients stated and judged requirements. The primary investment instrument of choice are money market funds, diversified mutual funds, sector mutual funds, and Exchange Traded Funds. As of December 31, 2025 The Carroll Group had assets under management of $163,445,072..

The fee schedule is negotiable. The standard fee arrangement is one percent for assets up to ten million dollars, and one half of one percent for amounts greater than ten million dollars, one quarter of one percent for balances greater than twenty million dollars. Portfolio amounts of greater than thirty million dollars are billed at one tenth of one percent. A flat fee can be negotiated for clients that do not meet the minimum amount of assets to be managed at two million dollars, depending on client circumstances and potential of the client relationship. Client fees are payable quarterly after earned. Client may terminate advisor arrangement at their will, without reason. Any unearned portion of fees are refunded immediately to client. The Carroll Group only receives compensation directly from the client, never from any other arrangements with financial institutions or third parties.

The Carroll Group, Inc's employs a fundamental approach to security analysis. Our resources include but are not limited to Inspections of publicly traded corporate activities, Research materials prepared by others in the public domain, corporate rating services, Annual reports, prospectuses, company filings with the Securities and Exchange Commission, and Company press releases. The composition of these portfolios are driven by client requirements and current investment environment. That need is determined by qualified financial planners and client interviews conducted by portfolio manager as part of the intake process with The Carroll Group. Construction of client portfolios rely on the benefits of a broadly diversified portfolio of stocks allocated by growth, value, industry and geography; bonds divided by quality, issuer and duration; and cash. These assets involve the risks normally associated with investments in publicly traded shares of a variety of publicly traded operating companies. The instruments that we use are Diversified Mutual Funds, Sector Funds, Exchange Traded Funds, some individual equities, and Money Market Funds. Where we judge that a fund manager can add value, we will utilize a active managed fund, in the more efficient sectors we will use index funds/passive funds.

The Carroll Group, Inc. generally provides investment advice to High Net Worth families and individuals.

No Performance-Based Fees.

N/A

The investment vehicle of choice for clients investment recommendations are diversified and sector mutual funds. In some instances individual equities are selected for client accounts. It is common for The Carroll Group, Inc. Advisor to hold positions that the advisor also recommends for client portfolios. Normally client and advisor buy and sell transactions are executed in the same period when practical, or sometimes dictated by client cash inflows to client portfolio. The potential conflict of interest on transaction is nominal with mutual funds and especially at the smaller volumes that our portfolios trade relative to the relatively larger market.

Unless the Client indicates otherwise, the Broker used by The Carroll Group for client accounts is Charles Schwab. Our selection of broker is guided by client need, timetables efficiency, pricing, and technical support. Clients may elect to use the brokerage of their choice for whatever their reason, especially if they can receive better price and execution than is provided through our recommendation. Commission rates are the best available as determined by the brokerage for all advisors situated similarly (assets under management).

The Carroll Group does not directly or indirectly compensate any person for client referrals. The Carroll Group compensation for service is strictly limited to the fee for service under their client agreement.

There are no disciplinary events.

Client reviews are ongoing - at minimum, weekly. Client assets are diversified across a broad range of category (large cap, mid cap, small cap, domestic, international, cash, and fixed income. Assets are further diversified within each category. Clients receive ongoing transaction transmittals directly from their broker/custodian, as well as a annual written summary report generated by The Carroll Group. Clients are also encouraged to have independent audits of their assets and accounts.

The Carroll Group does not have custody of client funds and securities. The Carroll Group has written authority to make withdrawals from client account(s) to pay its advisory fees after earned; with written authorization from the client to deduct advisory fees from the account held with the qualified custodian of client account.

Clients give permission to The Carroll Group, Inc. the authority to determine the securities to be bought and sold and the amount of securities to be bought or sold. This consent is provided in the client agreement form that client makes at beginning of the relationship and again upon registration of the domicile account. Advisor discretion is limited to portfolio transactions related to portfolio transactions.

Clients vote their own proxies unless they indicate that they prefer the advisor to do so for them. When Advisor is requested to vote Client proxies, the vote is always in the favor of the clients best interest.

The Carroll Group bills clients quarterly, after fees have been earned. Client may terminate agreement without cause or reason. Were there any unearned fees, they are returned to client.