Form CRS Customer Relationship Summary

Form CRS Customer Relationship Summary

Form CRS Customer Relationship Summary
June 30, 2020

SFGA LLC (“SFGA”) is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). The services of and fees for brokerage and investment advisory services differ and it is important for you to understand those differences. Free and simple tools are available to you to research SFGA, other firms and financial professionals at, where you may also find important educational materials about broker-dealers, investment advisers and investing.


What investment services and advice can you provide me?

We offer investment advisory services to retail investors, like you. Our services include Investment Management, Financial Planning, and Financial Consultation services. Our approach to Financial Planning and Consultation involves gathering information, analyzing scenarios, and tailoring a plan to your needs. We then help implement and monitor your plan. For Investment Management clients, we construct portfolios with investment vehicles including mutual funds, variable annuity subaccounts, and variable life subaccounts. We also utilize other investment classes and types when appropriate.

As part of our investment management services, we monitor your account on an ongoing basis. We actively manage accounts consistent with the account’s investment objectives and restrictions; implement investment strategies; and furnish reports concerning account activity, strategy and performance.

SFGA manages accounts on a discretionary basis or non-discretionary basis. Discretionary basis means our firm has authority to determine the type of securities bought and sold, the dollar amounts of the securities to be bought and sold and whether a client’s transaction should be combined with those of other clients and traded as a “block” without consulting you first. We maintain this discretion until it is revoked (e.g., by termination). Non-discretionary basis means you make the ultimate decision regarding the purchase or sale of investments.

For further information about our services and advice please read Items 4, 7, and 8 of our Form ADV Part 2A disclosure brochure. Please refer to for a copy.


Ask your financial professional the following questions:

  • Given my financial situation, should I choose an investment advisory service?  Why or why not?
  • How will you choose investments to recommend to me?
  • What is your relevant experience, including your licenses, education, and other qualifications?  What do these qualifications mean?


What fees will I pay?

Our management fees are negotiable but typically range from 1.85% to 2.55%. Our fee is billed quarterly in advanced, based on the market value of your account the last day of the prior month. Investment Management Services can be terminated at any time by providing 30 days written notice. Upon receipt of notice, we will close your account and refund you any unearned portfolio management fees to you upon written request.
Our Financial Planning and Financial Consultation services are provided for a negotiated fee. We charge a negotiated flat fee ranging from $500 to $10,000 for Financial Planning and Financial Consultation services. The fee charged is based on the scope of our engagement. The fee will be detailed in the corresponding agreement. Fees are paid quarterly in advanced. All Financial Planning and Financial Consultation services can be terminated at any time with written notice. We will refund you promptly with any unearned, prepaid fees upon written request.

You will pay additional fees to third parties in connection with your account that include, but are not limited to, custodial, mutual fund 12b-1, and deferred sales charges on previously purchased mutual funds transferred into the account. You will pay fees and costs whether you make or lose money on your investments. These will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

More detailed information about our fees and other costs associated with investing, along with applicable conflicts can be found in Items 5, 10, and 14 of our Form ADV Part 2A disclosure brochure. Please refer to for a copy.


Ask one of our financial professionals the following questions:
Help me understand how these fees and costs might affect my investments.  If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?


What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

When we act as your investment adviser, we have a fiduciary duty to act in your best interest and not put our interest ahead of yours. Due to the compensation we earn, a conflict with your interests is created. For example, because we earn more as the value of the account increases, we can be motivated to place your assets in a more aggressive or risky manner in order to inflate the portfolio value and earn higher compensation.

To mitigate this conflict, SFGA has adopted certain supervisory policies and procedures, as well as our Code of Ethics, which sets forth the professional and fiduciary standards that associated persons must follow. You should understand and ask us about this conflict because it can affect the investment advice we provide you.

SFGA has no outside financial industry activities or financial industry affiliations. Information regarding the financial and outside business activities of our Investment Adviser Representatives can be found on the SEC’s website at 

More detailed information about our conflicts of interest can be found in Items 4, 5, 8, 10, 11, 12, and 14 of our Form ADV Part 2A disclosure brochure. Please refer to for a copy.


Ask your financial professional:
How might your conflicts of interest affect me, and how will you address them?


How do your financial professionals make money?

Firm Principal Herbert Shiraishi as owner of the firm, shares in earnings of the firm. Other Investment Advisor Representatives of SFGA earn a percentage of the investment advisory fee assessed to the clients whose portfolios they manage. Additional information about compensation arrangements for SFGA professionals and related conflicts of interest are found in SFGAs Form(s) ADV Part 2B. Form ADV Part 2B for any of our Investment Adviser Representatives is available through us by email request at: 


Do you or your financial professionals have legal or disciplinary history?

Yes. Please go to for a free and simple search tool to research us and our financial professionals.


Ask your financial professional:
As a financial professional, do you have any disciplinary history?  For what type of conduct?


Additional Information

Additional information and a copy of this Form CRS can be found at by searching “SFGA LLC” or by contacting us at 


Ask your financial professional:
Who is my primary contact person?  Is he or she a representative of an investment adviser or a broker-dealer?  Who can I talk to if I have concerns about how this person is treating me?

Registered Representatives associated with the Shiraishi Financial Group offer securities through Independent Financial Group, LLC (IFG), a registered broker-dealer. Member FINRA/SIPC.

As applicable, Financial Advisors associated with the Shiraishi Financial Group offer advisory services through SFGA LLC, a registered investment adviser. SFGA LLC and IFG are not affiliated.

The registered representatives associated with this website may only discuss securities or transact business with persons who are residents of AZ, CA, HI, IL, MI, NC, OR, TX, UT, VA & WA .

Information provided is from sources believed to be reliable however, we cannot guarantee or represent that it is accurate or complete. Because situations vary, any information provided on this site is not intended to indicate suitability for any particular investor. Hyperlinks are provided as a courtesy and should not be deemed as an endorsement. When you link to a third party website you are leaving our site and assume total responsibility for your use or activity on the third party sites.

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