The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2022
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: MARSHALL FINANCIAL GROUP INC /ADV
Address: 33 WEST COURT STREET
DOYLESTOWN , PA18901
Form 13F File Number: 028-19085

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Daniel Cairns
Title: Chief Financial Officer
Phone: 215-348-9393
Signature, Place, and Date of Signing:
/s/Daniel Cairns Harrisonburg , VA 08-05-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 54
Form 13F Information Table Value Total: 220,109
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APPLE INC COM 037833100 949 6,944 SH SOLE 0 0 6,944
AUTOMATIC DATA PROCESSING IN COM 053015103 220 1,047 SH SOLE 0 0 1,047
BK OF AMERICA CORP COM 060505104 248 7,967 SH SOLE 0 0 7,967
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 555 4,132 SH SOLE 0 0 4,132
IQVIA HLDGS INC COM 46266C105 1,441 6,643 SH SOLE 0 0 6,643
ISHARES TR 1 3 YR TREAS BD 464287457 333 4,020 SH SOLE 0 0 4,020
ISHARES TR AGGRES ALLOC ETF 464289859 341 5,701 SH SOLE 0 0 5,701
ISHARES TR CRE U S REIT ETF 464288521 3,013 56,416 SH SOLE 0 0 56,416
ISHARES TR JPMORGAN USD EMG 464288281 357 4,189 SH SOLE 0 0 4,189
ISHARES TR MSCI EAFE ETF 464287465 364 5,822 SH SOLE 0 0 5,822
ISHARES TR MSCI EMG MKT ETF 464287234 207 5,150 SH SOLE 0 0 5,150
ISHARES TR MSCI USA MMENTM 46432F396 1,498 10,986 SH SOLE 0 0 10,986
ISHARES TR NATIONAL MUN ETF 464288414 938 8,823 SH SOLE 0 0 8,823
ISHARES TR RUS 1000 ETF 464287622 1,450 6,979 SH SOLE 0 0 6,979
ISHARES TR RUS 1000 GRW ETF 464287614 3,361 15,369 SH SOLE 0 0 15,369
ISHARES TR RUS 1000 VAL ETF 464287598 1,786 12,318 SH SOLE 0 0 12,318
ISHARES TR RUS 2000 GRW ETF 464287648 1,271 6,162 SH SOLE 0 0 6,162
ISHARES TR RUS 2000 VAL ETF 464287630 224 1,645 SH SOLE 0 0 1,645
ISHARES TR RUS MD CP GR ETF 464287481 603 7,615 SH SOLE 0 0 7,615
ISHARES TR RUS MDCP VAL ETF 464287473 357 3,517 SH SOLE 0 0 3,517
ISHARES TR RUSSELL 2000 ETF 464287655 785 4,633 SH SOLE 0 0 4,633
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837 669 13,352 SH SOLE 0 0 13,352
JOHNSON & JOHNSON COM 478160104 2,762 15,557 SH SOLE 0 0 15,557
JPMORGAN CHASE & CO COM 46625H100 503 4,464 SH SOLE 0 0 4,464
LINCOLN ELEC HLDGS INC COM 533900106 247 2,000 SH SOLE 0 0 2,000
MICROSOFT CORP COM 594918104 647 2,519 SH SOLE 0 0 2,519
OPTINOSE INC COM 68404V100 91 24,800 SH SOLE 0 0 24,800
OUTLOOK THERAPEUTICS INC COM NEW 69012T206 12 11,875 SH SOLE 0 0 11,875
SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 1,957 77,120 SH SOLE 0 0 77,120
SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 10,159 323,007 SH SOLE 0 0 323,007
SCHWAB STRATEGIC TR INTL SCEQT ETF 808524888 487 15,595 SH SOLE 0 0 15,595
SCHWAB STRATEGIC TR US AGGREGATE B 808524839 1,488 31,084 SH SOLE 0 0 31,084
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 13,694 309,879 SH SOLE 0 0 309,879
SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 17,780 306,610 SH SOLE 0 0 306,610
SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 19,681 315,297 SH SOLE 0 0 315,297
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 21,276 476,400 SH SOLE 0 0 476,400
SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 13,305 212,092 SH SOLE 0 0 212,092
SCHWAB STRATEGIC TR US REIT ETF 808524847 2,405 114,018 SH SOLE 0 0 114,018
SCHWAB STRATEGIC TR US SML CAP ETF 808524607 14,624 375,066 SH SOLE 0 0 375,066
SCHWAB STRATEGIC TR US TIPS ETF 808524870 17,551 314,534 SH SOLE 0 0 314,534
SPDR SER TR DJ REIT ETF 78464A607 275 2,894 SH SOLE 0 0 2,894
VANGUARD CHARLOTTE FDS TOTAL INT BD ETF 92203J407 2,871 57,948 SH SOLE 0 0 57,948
VANGUARD INDEX FDS GROWTH ETF 922908736 4,275 19,180 SH SOLE 0 0 19,180
VANGUARD INDEX FDS MID CAP ETF 922908629 8,617 43,745 SH SOLE 0 0 43,745
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 9,873 28,464 SH SOLE 0 0 28,464
VANGUARD INDEX FDS SMALL CP ETF 922908751 12,114 68,785 SH SOLE 0 0 68,785
VANGUARD INDEX FDS VALUE ETF 922908744 11,437 86,722 SH SOLE 0 0 86,722
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,245 29,886 SH SOLE 0 0 29,886
VANGUARD TAX-MANAGED INTL FD VAN FTSE DEV MKT 921943858 6,986 171,217 SH SOLE 0 0 171,217
VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 559 5,492 SH SOLE 0 0 5,492
VANGUARD WORLD FD ESG INTL STK ETF 921910725 479 9,758 SH SOLE 0 0 9,758
VANGUARD WORLD FD ESG US STK ETF 921910733 884 13,313 SH SOLE 0 0 13,313
VANGUARD WORLD FDS INF TECH ETF 92204A702 371 1,137 SH SOLE 0 0 1,137
WSFS FINL CORP COM 929328102 484 12,075 SH SOLE 0 0 12,075