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

                           FORM 10-KSB
(Mark One)

[X]  Annual report under Section 13 or 15(d) of the Securities
                       Exchange Act of 1934

For fiscal year ended December 31, 2007

[ ]  Transition report under Section 13 or 15(d) of the Securities
                       Exchange Act of 1934

        For the transition period from ________ to ________

     Commission file number _______________

                WOODSTOCK FINANCIAL GROUP, INC
          --------------------------------------------
         (Name of small business issuer in its charter)

            Georgia                           58-2161804
-----------------------------------------------------------------
(State or other jurisdiction of            (I.R.S. Employer
 incorporation or organization)          Identification No.)

 117 Towne Lake Parkway, Suite 200, Woodstock, GA    30188
-----------------------------------------------------------------
    (Address of Principal Executive Offices)       (Zip Code)

Issuer's telephone number (770) 516-6996.

Securities registered under Section 12(b) of the Exchange Act: None
                                                               ----

Securities registered under Section 12(g) of the Exchange Act: None
                                                               ----

Check whether the issuer is not required to file reports pursuant
to Section 13 or 15(d) of the Exchange Act.  [  ]

Check  whether the issuer:  (1) filed all reports required to  be
filed by Section 13 or 15(d) of the Exchange Act during the  past
12  months  (or  for such shorter period that the registrant  was
required to file such reports), and (2) has been subject to  such
filing requirements for past 90 days.  Yes  X     No
                                           ---      ---

Check  if there is no disclosure of delinquent filers in response
to  Item  405  of Regulation S-B contained in this form,  and  no
disclosure  will  be  contained,  to  the  best  of  registrant's
knowledge,  in  definitive  proxy  or  a  information  statements
incorporated by reference in Part III of this Form 10-KSB or  any
amendment to this Form 10-KSB.     [  ]

Indicate  by checkmark whether the registrant is a shell  company
(as defined in Rule 12b-2 of the Exchange Act)   Yes     No  X
                                                    ---     ---

State issuer's revenues for its most recent fiscal year: $8,067,137

State  the  aggregate market value of the voting  and  non-voting
common equity held by non-affiliates computed by reference to the
price  at which the stock was sold, or the average bid and  asked
prices  of such common equity, as of a specified date within  the
past 60 days:  $237,762 as of March 7, 2008.

State  the  number of shares outstanding of each of the  issuer's
classes  of  common  equity, as of the latest  practicable  date.
17,619,028 as of  March 14, 2008



            DOCUMENTS INCORPORATED BY REFERENCE - N/A

Transitional Small Business Disclosure format (check one): Yes   No X
                                                              ---  ---


<PAGE>


                        TABLE OF CONTENTS

PART I....................................................................3
  ITEM 1.  DESCRIPTION OF BUSINESS....................................... 3
  ITEM 2.  DESCRIPTION OF PROPERTY........................................7
  ITEM 3.  LEGAL PROCEEDINGS..............................................8
  ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS............8
PART II...................................................................8
  ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER
           MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES..............8
  ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION......9
  ITEM 7.  FINANCIAL STATEMENTS..........................................11
  ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
           AND FINANCIAL DISCLOSURE......................................24
  ITEM 8A. CONTROLS AND PROCEDURES.......................................24
  ITEM 8B. OTHER INFORMATION.............................................24
PART III.................................................................24
  ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS
           AND CORPORATE GOVERNANCE COMPLIANCE WITH SECTION 16(A) OF
           THE EXCHANGE ACT..............................................24
  ITEM 10. EXECUTIVE COMPENSATION........................................26
  ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
           MANAGEMENT AND RELATED STOCKHOLDER MATTERS....................26
  ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
           DIRECTOR INDEPENDENCE.........................................27
  ITEM 13. EXHIBITS......................................................27
  ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES........................27





                                  2
<PAGE>


                             PART I

ITEM 1.  DESCRIPTION OF BUSINESS
         Special Cautionary Notice Regarding Forward-Looking Statements

Various  matters  discussed  in this document  and  in  documents
incorporated  by  reference herein, including  matters  discussed
under  the caption "Management's Discussion and Analysis or  Plan
of  Operation,"  may  constitute forward-looking  statements  for
purposes  of the Securities Act and the Securities Exchange  Act.
These  forward-looking statements may involve known  and  unknown
risks, uncertainties and other factors which may cause the actual
results,  performance  or  achievements  of  Woodstock  Financial
Group, Inc., formerly Raike Financial Group, Inc. (the "Company")
to  be  materially different from future results, performance  or
achievements   expressed  or  implied  by  such   forward-looking
statements.  The words "expect," "anticipate," "intend,"  "plan,"
"believe,"  "seek,"  "estimate,"  and  similar  expressions   are
intended   to  identify  such  forward-looking  statements.   The
Company's  actual results may differ materially from the  results
anticipated in these forward-looking statements due to a  variety
of factors, including, without limitation:

* The effects of future economic conditions;

* Governmental  monetary  and fiscal  policies,  as  well  as
  legislative and regulatory changes;

* The  risks  of changes in interest rates on the level  and
  composition  of deposits, loan demand, and the  values  of
  loan  collateral, securities and interest rate  protection
  agreements, as well as interest rate risks; and

* The   effects   of   competition  from   other   financial
  institutions and financial service providers operating  in
  the   Company's  market  area  and  elsewhere,   including
  institutions operating locally, regionally, nationally and
  internationally,  together with such competitors  offering
  products and services by mail, telephone, and computer and
  the Internet.

All  written or oral forward-looking statements attributable  to
the  Company are expressly qualified in their entirety by  these
cautionary statements.









                                  3
<PAGE>


                 Woodstock Financial Group, Inc.

General

The  Company changed its name to Woodstock Financial Group, Inc.
from  Raike Financial Group, Inc. effective October 1, 2006  and
is  a  full service securities brokerage and investment  banking
firm,  in  business  since  1995.   We  are  registered   as   a
broker/dealer  with the Financial Industry Regulatory  Authority
("FINRA") and 49 states, Puerto Rico, Washington D.C.  and  also
as  a  municipal securities dealer with the Municipal Securities
Regulation  Board ("MSRB").  We are subject to net  capital  and
other regulations of the U.S. Securities and Exchange Commission
("SEC").  We  offer full service commission and fee based  money
management  services to individual and institutional  investors.
We  maintain  a  custody-clearing  relationship  with  Southwest
Securities  in  Dallas,  TX, one of the  largest  publicly  held
custodians of brokerage firm securities in the United States.

We  trade  securities as an agent and a principal  on  exchanges
such   as  the  NYSE,  AMEX  and  NASDAQ.  We  maintain  selling
agreements  with  mutual fund families and  insurance  companies
offering  load  and  no  load  funds,  annuities  and  insurance
products.

Our Company headquarters is at 117 Towne Lake Parkway Suite 200,
Woodstock, GA 30188, and our telephone number is (770) 516-6996.
We  maintain  branch  and other offices in  a  number  of  other
jurisdictions  and a complement of approximately 74  independent
retail brokers. Our SEC net capital position as of December  31,
2007 and 2006 was $1,242,409 and $1,265,641 respectively.

From our beginnings in May of 1995, our annual revenues are as
follows:
<TABLE>
<CAPTION>
          Year         Revenues       No. of Reps.
          ----         --------       -----------
          <S>        <C>              <C>
          1995       $  221,476             19
          1996       $  793,309             19
          1997       $1,907,486             50
          1998       $3,507,000             75
          1999       $5,987,067            100
          2000       $9,741,567             90
          2001       $5,959,712             77
          2002       $5,787,621             74
          2003       $8,341,118             69
          2004       $8,071,847             68
          2005       $8,022,361             71
          2006       $9,264,261             70
          2007       $8,067,137             74
</TABLE>
Thus  far,  all  expansion and growth has been funded  from  cash
flows  from operations and private sales of our securities.   Our
plans  are  to  invest in advertising and recruiting  efforts  to
continue   our  growth  and  profitability.  We  expand   through
recruiting  additional  registered representatives,  establishing
new  branch  offices, broadening our institutional  services  and
creating new financial products and service offerings.

The Company's website address is www.woodstockfg.com
                                 -------------------


                                  4
<PAGE>


                            BUSINESS

Our primary sources of revenue are derived from brokerage
services and related financial activities.

SECURITIES SALES SERVICES

We  are  a FINRA member broker-dealer providing securities  sales
services through a network of "independent contractor" registered
representatives  to  several  thousand  retail   clients.   These
representatives  primarily retail stocks, mutual funds,  variable
annuities  and variable life insurance products, managed  account
and other investment advisory and financial planning products and
services.  Commissions  are charged on  the  sale  of  securities
products,   of   which   a  percentage   is   shared   with   the
representatives.  Over 85% of our revenue during  2007  and  2006
has been derived from these securities sales services.

The Company's independent contractors receive a commission payout
of between 80% and 90% on average.

INSURANCE PRODUCT SALES

Through   several   selling  agreements  with  larger   insurance
companies,  we offer a variety of insurance products,  which  are
sold  by  our  independent broker network.  Variable annuity  and
variable  life  products from over 10 carriers are also  offered,
providing  a  large variety for consumers from which  to  choose.
While  this  business is not significant to  date,  in  terms  of
dollar  revenues,  we  regard it as  an  important  part  of  the
services provided.

ADVISORY AND PLANNING

We  are also registered as an Investment Advisor with the SEC and
provide   investment  supervisory  services.  In  addition,   our
independent  representatives are able  to  provide  planning  and
consulting services in a variety of financial services areas such
as   financial  planning,  tax  planning,  benefits   consulting,
corporate  401(k)s and other types of financial structures.  Fees
are  billed  quarterly for these services and shared between  the
firm  and  the  Investment  Advisor Representatives  on  a  fully
disclosed  basis.   No significant amount of  business  has  been
derived from advisory and planning activities to date.

INTERNET TRADING

Trading  investments on the Internet has become a standard  among
many  investors.   We believe that this method  of  trading  will
grow.   We  created  our  Woodstock Discount  Brokerage  Division
("Woodstock") in early 1998 to participate in this growth area as
well  as  to  diversify the firm's operations  and  assets.  This
capacity  to offer Internet trading complements our full  service
business  by  attracting  cost conscious investors  who  normally
would not have been interested in the firm. This in turn enhances
our  ability  to  "cross  market"  other  products  and  services
specifically tailored to meet the Internet needs of our  clients.
As  the  information age continues to integrate  our  lives,  new
Internet  business opportunities will arise and we hope  to  make
these  opportunities  a large part of our growth.  In  doing  so,
Internet  trading  will give clients more  opportunity  to  trade
directly  as  well  as  allow  for  the  electronic  delivery  of
documents and information.

Through  the  Woodstock site, investors have the  opportunity  to
execute  a  trade at a cost which is competitive  with  the  deep
discount  on-line  brokerage firms.  Since as a broker-dealer  we
already  have the facilities in place to do this, this  does  not
add  a great deal of expense.  All clearing services are provided
by  the  firm's  clearing agent and total cost of  operations  is
minimal.  The firm plans to enhance the site and provide  several
more products and services.

EXPANSION OF EXISTING BUSINESS

We  believe  that our business has been limited  by  our  capital
position. Increased capital will allow us to expand our  existing
business as set forth below:

We  intend  to intensify our efforts to attract higher  producing
independent registered representatives by offering them a  higher
quality of service and a larger variety of financial products and
service options to provide to their clients.



                                  5
<PAGE>


     The expanded services include:

       *   Improved sales and business development education and
           support services
       *   Better continuing education programs
       *   Enhanced electronic order processing, communications
           and record keeping
       *   Improved compliance support and communications
       *   Better contact with product and service suppliers

We  also  intend  to  expand our investment  banking  activities,
hiring  additional brokers and marketing specialized products  to
retail and institutional clients.

CLEARING AGENT AND CUSTOMER CREDIT

We currently use Southwest Securities, Inc. as our clearing agent
on  a  fully disclosed basis (the "Clearing Agent"). The Clearing
Agent  processes  all securities transactions and  maintains  the
accounts  of  customers. Customer accounts are protected  through
the Securities Investor Protection Corporation ("SIPC") for up to
$500,000,  with  coverage of cash balances limited  to  $100,000.
The Clearing Agent provides through an Excess Securities Bond  an
additional  aggregate  protection of $19.5  million  per  account
above the SIPC coverage.

The  services  of  the  Clearing Agent  include  billing,  credit
control and receipt, and custody and delivery of securities.  The
Clearing  Agent  provides the operational  support  necessary  to
process,  record  and  maintain securities transactions  for  our
brokerage  and  distribution activities. The total  cost  of  the
Clearing  Agent's services is closely monitored to determine  the
feasibility of our providing these services ourselves.

The  Clearing Agent lends funds to our customers through the  use
of  margin credit. These loans are made to customers on a secured
basis, with the Clearing Agent maintaining collateral in the form
of saleable securities, cash or cash equivalents. Under the terms
of  our  clearing agreement, we indemnify the Clearing Agent  for
any  loss  on  these  credit arrangements.  We  have  implemented
policies  to  avoid  possible defaults on  margin  loans  in  the
increased  supervision  of customers with  margin  loans.  Margin
interest  for  the years ending December 31, 2007  and  2006  was
approximately 3.6% and 4.3%, respectively, of revenues.

REGULATION

The  securities  business is subject to extensive and  frequently
changing federal and state laws and substantial regulation  under
such  laws  by  the  SEC  and various state  agencies  and  self-
regulatory organizations, such as FINRA. We are registered  as  a
broker-dealer with the SEC and are a member firm of  FINRA.  Much
of  the regulation of broker-dealers has been delegated to  self-
regulatory  organizations,  principally  FINRA,  which  has  been
designated  by the SEC as the Company's primary regulator.  FINRA
adopts  rules  (which are subject to approval by  the  SEC)  that
govern FINRA members and conducts periodic examinations of member
firms' operations. We are also subject to regulation as a broker-
dealer  and investment advisor by state securities administrators
in those states in which we conduct business.

Broker-dealers are subject to regulations which cover all aspects
of   the   securities  business,  including  sales  methods   and
supervision, trading practices, use and safekeeping of customers'
funds  and  securities, capital structure  of  securities  firms,
record  keeping  and  reporting,  continuing  education  and  the
conduct   of   directors,  officers  and  employees.   Additional
legislation,  changes in rules promulgated by the SEC  and  self-
regulatory  organizations, or changes in  the  interpretation  or
enforcement of existing laws and rules, may directly  affect  the
mode of operation and profitability of broker-dealers.

The  SEC,  self-regulatory  organizations  and  state  securities
commissions  may  conduct administrative  proceedings  which  can
result  in censure, fine, the issuance of cease-and-desist orders
or  the  suspension or expulsion of a broker-dealer, its officers
or  employees. The principal purpose of regulation and discipline
of   broker-dealers  is  the  protection  of  customers  and  the
integrity of the securities markets.

Our  mutual  fund distribution business is subject  to  extensive
regulation as to duties, affiliations, conduct and limitations on
fees  under the Securities Exchange Act of 1934, as amended  (the
"Exchange  Act"), the Investment Company Act of 1940, as  amended
(the  "1940  Act"),  and the regulations of FINRA.  As  discussed
above, the Company is a FINRA member. FINRA has prescribed  rules
with respect to maximum commissions, charges and fees related  to
investment  in  any open-end investment company registered  under
the 1940 Act.


                                  6
<PAGE>


NET CAPITAL REQUIREMENTS

As  a registered broker-dealer and a member firm of FINRA, we are
subject  to  the  net capital rule of the SEC.  The  net  capital
rule,  which  specifies  minimum  net  capital  requirements  for
registered  brokers  and  dealers, is  designed  to  measure  the
general financial integrity and liquidity of a broker-dealer  and
requires  that at least a minimum part of its assets be  kept  in
relatively liquid form. Net capital is essentially defined as net
worth  (assets  minus liabilities), plus qualifying  subordinated
borrowings and less certain mandatory deductions that result from
excluding  assets  not readily convertible  into  cash  and  from
valuing  certain  other  assets, such as a  firm's  positions  in
securities, conservatively.

Among  these  deductions are adjustments in the market  value  of
securities  to reflect the possibility of a market decline  prior
to  disposition. We have elected to compute our net capital under
the  standard aggregate indebtedness method permitted by the  net
capital   rule,  which  requires  that  the  ratio  of  aggregate
indebtedness to net capital, both as defined, shall not exceed  a
15-to-1  ratio. Our required minimum net capital is $100,000.  As
of  December  31,  2007,  we had FINRA reported  net  capital  of
$1,242,409 and our ratio of aggregate indebtedness to net capital
was .42 to 1.

Failure to maintain the required net capital may subject  a  firm
to suspension or expulsion by FINRA, the SEC and other regulatory
bodies and ultimately may require its liquidation. We have met or
exceeded   all  net  capital  requirements  since  the  Company's
inception.  The  net  capital  rule also  prohibits  payments  of
dividends,  redemption of stock and the prepayment or payment  in
respect of principal of subordinated indebtedness if net capital,
after  giving  effect  to the payment, redemption  or  repayment,
would  be  less  than a specified percentage of the  minimum  net
capital  requirement. Compliance with the net capital rule  could
limit those operations that require the intensive use of capital,
such  as  underwriting  and trading activities,  and  also  could
restrict  our ability to withdraw capital, which in  turn,  could
limit  our  ability to pay dividends, repay debt  and  redeem  or
purchase shares of our outstanding capital stock.

COMPETITION

We encounter intense competition in all aspects of our securities
business  and  compete directly with other  securities  firms,  a
significant  number  of  which have  greater  capital  and  other
resources. In addition to competition from firms currently in the
securities   business,   there  has  recently   been   increasing
competition  from  other sources, such as  commercial  banks  and
insurance  companies offering financial services, and from  other
investment  alternatives. We believe that the  principal  factors
affecting competition in the securities industry are the  quality
and  abilities of professional personnel, including their ability
to  effectuate a firm's commitments, and the quality,  range  and
relative prices of services and products offered.

Although  we may expand the financial services we can  render  to
our  customers, we do not now offer as broad a range of financial
services  as  national  stock exchange member  firms,  commercial
banks, insurance companies and others.

PERSONNEL

At  December 31, 2007, we had 11 full-time employees in  addition
to  approximately  74 registered representatives.   None  of  our
personnel  is  covered by a collective bargaining  agreement.  We
consider our relationships with our employees to be good.

ITEM 2.  DESCRIPTION OF PROPERTY

Our  principal  executive offices are located at 117  Towne  Lake
Parkway,  Suite 200, Woodstock, Georgia 30188 where  the  Company
purchased  7,200  square feet of office space  for  approximately
$1.2  million.  The Company closed on this purchase  on  May  25,
2006.


                                  7
<PAGE>


ITEM 3.  LEGAL PROCEEDINGS

Currently, the Company has no pending claims by retail customers.
We  are  the  subject of routine examinations by self  regulatory
organizations including the SEC, FINRA and individual states  and
are  not  aware of any regulatory examinations at this time  that
would have a material impact on the company's financial position.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     None.

                             PART II



ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
         STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

     (a) The Company's Common Stock is traded on the NASDAQ OTC
         Bulletin Board under the symbol "WSFL.OB".

     (b) Not applicable.

     (c) Not applicable.




                                  8
<PAGE>


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

OVERVIEW

The  following discussion should be read in conjunction with  the
financial  statements  of  the  Company  and  the  notes  thereto
appearing elsewhere herein.

OVERVIEW AND GENERAL INDUSTRY CONDITIONS

Our  primary  sources  of  revenue are  commissions  earned  from
brokerage  services. Our principal business  activities  are,  by
their   nature,  affected  by  many  factors,  including  general
economic  and  financial conditions, movement of interest  rates,
security  valuations  in  the  marketplace,  regulatory  changes,
competitive conditions, transaction volume and market  liquidity.
Consequently, brokerage commission revenue and investment banking
fees can be volatile. While we seek to maintain cost controls,  a
significant  portion of our expenses is fixed and does  not  vary
with  market activity. As a result, substantial fluctuations  can
occur in our revenue and net income from period to period. Unless
otherwise indicated, in this section, references to years are  to
fiscal years.

The  Company  is  a  licensed insurance  broker  and  we  receive
commission revenue as a result of our insurance operations.   The
Company  does not regard insurance commission revenue as material
at this time.

RESULTS OF OPERATIONS - YEARS ENDED DECEMBER 31, 2007 and 2006

Total  revenue for the year ended December 31, 2007 decreased  by
$1,197,124  or  13%  to  $8,067,137  from  $9,264,261   for   the
comparable period in 2006.

Commission  revenue decreased by $1,035,047 or 13% to  $6,945,332
from  $7,980,379 for the comparable period in 2006.  The decrease
was due to a decrease in transactional business.

Interest income decreased by $101,364 or 23% to 339,167  for  the
year  ended December 31, 2007 from $440,531 compared to the  same
period in 2006.  This decrease is due to the decrease in interest
from  margin accounts and customer accounts held by our  clearing
agent, due primarily to a decrease in the Company's marginal rate
received on these accounts.

Fees from clearing transaction charges and other income decreased
by  $60,713,  or 7% to $782,638 for the year ended  December  31,
2007 from $843,351 for the same period in 2006.  This decrease is
due  primarily  to  a  decrease in  fees  from  lower  volume  of
transactional business.

Total  operating  expenses for the year ended December  31,  2007
decreased by $551,057 to $8,429,963 from $8,981,020 for the  same
period  in  2006.  Total expenses decreased due  primarily  to  a
decrease in commissions paid to brokers, which corresponds to the
decrease in transactional business.

Commissions to brokers decreased by $1,055,035 to $5,938,175  for
the  year  ended December 31, 2007 from $6,993,210 in  the  prior
year.   This  decrease  is driven by the decrease  in  commission
revenues.

Clearing  costs decreased by $33,556 or 18% to $151,395  for  the
year ended December 31, 2007 from $184,951 in the prior year.  As
a  percentage  of commission income clearing costs were  2.2%  in
2007 compared to 2.3% in 2006.

Selling, general and administrative expense increased $478,797 or
27%  to  $2,226,144 for the year ended December 31, 2007 compared
to $1,747,347 in the prior year.  This increase was due primarily
to  the  expense of $338,550 related to the recognition of  stock
compensation  expense  in July 2007.  The remaining  increase  in
expense relates to condo association fees, mortgage interest  and
depreciation associated with the purchase of the commercial  real
estate, which closed during the second quarter of 2006.  There is
also  an increase in service and equipment contracts due  to  the
new  commercial  space.   The  Company  has  also  increased  its
staffing,  resulting in increases in salary and  benefit  related
expenses.

The  Company  recorded no income tax expense or benefit  for  the
years  ended December 31, 2007and 2006.  We have a net  operating
loss  carryforward  as of December 31, 2007, the  utilization  of
which is dependent upon future taxable income.

Net  loss  was  $362,826  for the year ended  December  31,  2007
compared to net earnings of $283,241 for the same period in 2006.


                                  9
<PAGE>


LIQUIDITY AND CAPITAL RESOURCES

Our  assets  are  reasonably liquid with a  substantial  majority
consisting  of  cash and cash equivalents, and  receivables  from
other  broker-dealers  and  our  clearing  agent,  all  of  which
fluctuate  depending  upon the levels of  customer  business  and
trading   activity.  Receivables  from  broker-dealers  and   our
clearing agent turn over rapidly. Both our total assets  as  well
as  the individual components as a percentage of total assets may
vary  significantly  from  period to period  because  of  changes
relating  to  customer  demand, economic, market  conditions  and
proprietary trading strategies. Our total net assets at  December
31,  2007  were $1,524,586 of which $1,118,542 is cash  and  cash
equivalents.

As a broker-dealer, we are subject to the Securities and Exchange
Commission  Uniform  Net  Capital  Rule  (Rule15c3-1).  The  Rule
requires  maintenance of minimum net capital and that we maintain
a ratio of aggregate indebtedness (as defined) to net capital (as
defined)  not exceed 15 to 1. Our minimum net capital requirement
is   $100,000.   Under  the  Rule  we  are  subject  to   certain
restrictions on the use of capital and its related liquidity. Our
net  capital position at December 31, 2007 was $1,242,409 and our
ratio of aggregate indebtedness to net capital was .42 to 1.

Historically, we have financed our operations through  cash  flow
from  operations and the private placement of equity  securities.

We have not employed any significant leverage or debt.
We believe that our capital structure is adequate for our current
operations. We continually review our overall capital and funding
needs  to  ensure that our capital base can support the estimated
needs  of  the business. These reviews take into account business
needs  as  well as the Company's regulatory capital requirements.
Based  upon  these  reviews, to take advantage of  strong  market
conditions and to fully implement our expansion strategy, we will
continue  to  pursue avenues to decrease costs and  increase  our
capital position.

The  Company's cash and cash equivalents increased by $69,590  to
$1,118,542  as  of  December  31, 2007,  from  $1,048,952  as  of
December  31,  2006.  This increase was due to cash  provided  by
operating   activities  of  $146,451,  cash  used  in   investing
activities  of  $3,749, and cash used in financing activities  of
$73,112.   For more information on the cash flows of the Company,
please  see the statement of cash flows included in the Company's
financial statements appearing elsewhere herein.

EFFECTS OF INFLATION AND OTHER ECONOMIC FACTORS

Market  prices of securities are generally influenced by  changes
in  rates  of  inflation, changes in interest rates and  economic
activity  generally. Our revenues and net income  are,  in  turn,
principally  affected by changes in market prices and  levels  of
market  activity.   Moreover, the rate of inflation  affects  our
expenses,  such as employee compensation, occupancy expenses  and
communications costs, which may not be readily recoverable in the
prices  of  services  offered to our  customers.  To  the  extent
inflation,   interest  rates  or  levels  of  economic   activity
adversely  affect  market  prices of  securities,  our  financial
condition  and  results  of operations  will  also  be  adversely
affected.








                                  10
<PAGE>




ITEM 7.  FINANCIAL STATEMENTS
         The following financial statements are included herein:

         Report of Independent Registered Public Accounting Firm

         Balance Sheets as of December 31, 2007 and 2006

         Statements of Earnings for the years ended
            December 31, 2007 and 2006

         Statements of Shareholders' Equity for the years ended
            December 31, 2007 and 2006

         Statements of Cash Flows for the years ended
            December 31, 2007 and 2006

         Notes to Financial Statements

         Supplemental Schedule - Computation of Net Capital Under
            Rule 15c3-1 of the Securities and Exchange Commission







                                  11
<PAGE>


                           PKM [LOGO]

                    Porter Keadle Moore, LLP
          --------------------------------------------

     Report of Independent Registered Public Accounting Firm



To the Shareholders
Woodstock Financial Group, Inc.

We  have audited the balance sheets of Woodstock Financial Group,
Inc.,  formerly  known  as Raike Financial  Group,  Inc.,  as  of
December  31,  2007  and  2006  and  the  related  statements  of
operations,  shareholders' equity and cash flows  for  the  years
then ended.  These financial statements are the responsibility of
the  Company's management.  Our responsibility is to  express  an
opinion on these financial statements based on our audits.

We  conducted our audits in accordance with the standards of  the
Public Company Accounting Oversight Board (United States).  Those
standards  require that we plan and perform the audit  to  obtain
reasonable  assurance about whether the financial statements  are
free of material misstatement.  An audit includes examining, on a
test  basis,  evidence supporting the amounts and disclosures  in
the  financial statements.  An audit also includes assessing  the
accounting  principles  used and significant  estimates  made  by
management, as well as evaluating the overall financial statement
presentation.  We  believe that our audits provide  a  reasonable
basis for our opinion.

In  our  opinion,  the  financial statements  referred  to  above
present  fairly, in all material respects, the financial position
of  Woodstock Financial Group, Inc. as of December 31,  2007  and
2006,  and  the results of its operations and its cash flows  for
the  years  then ended, in conformity with accounting  principles
generally accepted in the United States of America.

Our audits were conducted in accordance with the standards of the
Public  Company  Accounting Oversight Board (United  States)  and
were  made  for the purpose of forming an opinion  on  the  basic
financial  statements taken as a whole. The information contained
in  the  Supplemental  Schedule  is  presented  for  purposes  of
additional  analysis  and is not a required  part  of  the  basic
financial  statements, but is supplementary information  required
by  Rule  17a-5  of the Securities Exchange Act  of  1934.   Such
information has been subjected to the auditing procedures applied
in  the  audit  of  the basic financial statements  and,  in  our
opinion, is fairly presented in all material respects in relation
to the basic financial statements taken as a whole.



/s/Porter Keadle Moore, LLP
---------------------------
Atlanta, Georgia
February 23, 2008


                  Certified Public Accountants
-----------------------------------------------------------------
  Suite 1800 * 235 Peachtree Street NE * Atlanta, Georgia 30303
     Phone 404-588-4200 *  Fax 404-588-4222 *  www.pkm.com


                                  12
<PAGE>




                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

                         Balance Sheets

                   December 31, 2007 and 2006
<TABLE>
<CAPTION>
                                                          2007           2006
                                                      ------------   ------------
<S>                                                   <C>            <C>
                            Assets
                            ------

Cash and cash equivalents                             $  1,118,542      1,048,952
Clearing deposit                                           128,968        125,000
Furniture, fixtures, and equipment, at cost,
  net of accumulated depreciation of $139,980
  and $115,417, respectively                                38,909         60,497
Building, net of accumulated depreciation of
  $67,813 and $28,481, respectively                      1,209,479      1,248,807
Commissions receivable                                     522,658        585,203
Due from brokers                                                13         26,334
Other assets                                                12,591          1,543
                                                      ------------   ------------

                                                      $  3,031,160      3,096,336
                                                      ============   ============
              Liabilities and Shareholders' Equity
              ------------------------------------
Liabilities:
  Accounts payable                                    $     40,958         32,516
  Commissions payable                                      450,930        427,557
  Preferred dividends payable                               30,274         30,274
  Other liabilities                                          3,564          3,167
  Mortgage note                                            980,848        993,412
                                                      ------------   ------------

     Total liabilities                                $  1,506,574      1,486,926
                                                      ============   ============

Commitments

Shareholders' equity:
  Series A preferred stock of $.01 par value;
    5,000,000 shares authorized, 86,500 shares
    issued and outstanding (liquidation value
    of $865,000)                                               865            865
  Common stock of $.01 par value; 50,000,000
    shares authorized; 17,941,772 shares issued            179,418        179,418
  Additional paid-in capital                             3,689,778      3,351,228
  Accumulated deficit                                   (2,189,520)    (1,766,146)
  Treasury stock; 322,744 shares, carried at
    cost, respectively                                    (155,955)      (155,955)
                                                      ------------   ------------

     Total shareholders' equity                          1,524,586      1,609,410
                                                      ------------   ------------

                                                      $  3,031,160      3,096,336
                                                      ============   ============
</TABLE>
See accompanying notes to financial statements.


                                  13
<PAGE>



                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

                    Statements of Operations

         For the Years Ended December 31, 2007 and 2006
<TABLE>
<CAPTION>
                                                           2007           2006
                                                      ------------   ------------
<S>                                                   <C>            <C>
Operating income:
  Commissions                                         $  6,945,332      7,980,379
  Interest and dividends                                   339,167        440,531
  Other fees and income                                    782,638        843,351
                                                      ------------   ------------

     Total operating income                              8,067,137      9,264,261
                                                      ------------   ------------
Operating expenses:
  Commissions to brokers                                 5,938,175      6,993,210
  Clearing costs                                           151,395        184,951
  Selling, general and administrative expenses           2,226,144      1,747,347
  Interest expense                                          85,211         50,337
  Other expense                                             29,038          5,175
                                                      ------------   ------------

     Total operating expenses                            8,429,963      8,981,020
                                                      ------------   ------------

     Net earnings (loss)                              $   (362,826)       283,241
                                                      ============   ============
Net earnings (loss) per share, based on weighted
   average shares outstanding of 17,941,772 and
   17,629,044 in 2007 and 2006, respectively          $      (0.02)          0.01
                                                      ============   ============
</TABLE>


See accompanying notes to financial statements.


                                  14
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

               Statements of Shareholders' Equity

         For the Years Ended December 31, 2007 and 2006
<TABLE>
<CAPTION>

                                                        Additional                              Total
                                    Preferred  Common    Paid-in     Accumulated   Treasury  Shareholders'
                                      Stock    Stock     Capital       Deficit       Stock      Equity
                                      -----    -----     -------       -------       -----      ------
<S>                                   <C>    <C>       <C>           <C>           <C>        <C>
Balance at December 31, 2005          $ 865  179,418   3,351,228    (1,988,839)   (151,406)  1,391,266

Preferred dividends                       -        -           -       (60,548)          -     (60,548)
Purchase of treasury stock shares
(22,744)                                  -        -           -             -      (4,549)     (4,549)
Net earnings                              -        -           -       283,241           -     283,241
                                      -----  -------   ---------     ---------     -------   ---------

Balance at December 31, 2006          $ 865  179,418   3,351,228    (1,766,146)   (155,955)  1,609,410

Preferred dividends                       -        -           -       (60,548)          -     (60,548)
Stock based compensation                  -        -     338,550             -           -     338,550
Net loss                                  -        -           -      (362,826)          -    (362,826)
                                      -----  -------   ---------     ---------     -------   ---------

Balance at December 31, 2007          $ 865  179,418   3,689,778    (2,189,520)   (155,955)  1,524,586
                                      =====  =======   =========     =========     =======   =========
</TABLE>


See accompanying notes to financial statements.


                                  15
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

                    Statements of Cash Flows

         For the Years Ended December 31, 2007 and 2006
<TABLE>
<CAPTION>
                                                           2007           2006
                                                      ------------   ------------
<S>                                                   <C>            <C>
Cash flows from operating activities:
  Net earnings (loss)                                 $   (362,826)       283,241
  Adjustments to reconcile net earnings (loss)
    to net cash provided by operating activities:
     Depreciation                                           64,665         63,025
     Compensation expense related to stock
       options                                             338,550              -
     Change in clearing deposit                             (3,968)             -
     Change in commissions receivable                       62,545        136,779
     Change in due from brokers                             26,321         10,944
     Change in other assets                                (11,048)       (14,630)
     Change in accounts payable                              8,442         (4,095)
     Change in commissions payable                          23,373       (131,664)
     Change in other liabilities                               397          1,604
                                                      ------------   ------------

        Net cash provided by operating activities          146,451        345,204
                                                      ------------   ------------
Cash flows from investing activities:
  Purchases of furniture, fixtures and equipment            (3,749)       (39,223)
  Purchase of building                                           -     (1,126,789)
                                                      ------------   ------------
        Net cash used by investing activities               (3,749)    (1,166,012)
                                                      ------------   ------------
Cash flows from financing activities:
  Proceeds from borrowings                                       -      1,000,000
  Principal payments on mortgage note                      (12,564)        (6,588)
  Cash dividends paid on preferred stock                   (60,548)       (60,548)
  Purchase of treasury stock                                     -         (4,549)
                                                      ------------   ------------

        Net cash provided (used) by financing activities   (73,112)       928,315
                                                      ------------   ------------
        Net change in cash                                  69,590        107,507

Cash at beginning of year                                1,048,952        941,445
                                                      ------------   ------------

Cash at end of year                                   $  1,118,542      1,048,952
                                                      ============   ============

Supplemental disclosure of cash paid for interest     $     85,211         50,337
                                                      ============   ============
</TABLE>


See accompanying notes to financial statements.


                                  16
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

                  Notes to Financial Statements

(1)  Description of Business and Summary of Significant Accounting
     -------------------------------------------------------------
     Policies
     --------
     Business
     --------
     Woodstock  Financial Group, Inc. (the "Company") is  a  full
     service  securities  brokerage  firm,  which  has  been   in
     business  since 1995.  During 2006, the Company changed  its
     name from Raike Financial Group, Inc. to Woodstock Financial
     Group,  Inc.   The Company is registered as a  broker-dealer
     with the National Association of Securities Dealers ("NASD")
     in  49  states, Puerto Rico, Washington D.C. and also  as  a
     municipal  securities  dealer with the Municipal  Securities
     Regulation  Board ("MSRB").  The Company is subject  to  net
     capital  and  other regulations of the U.S.  Securities  and
     Exchange Commission ("SEC"). The Company offers full service
     commission  and  fee-based  money  management  services   to
     individual   and  institutional  investors.    The   Company
     maintains  a  custody-clearing relationship  with  Southwest
     Securities,  Inc.   In 2005, the Company,  as  a  registered
     investment advisor, created a managed account program  named
     "RFG  Stars".   Through the RFG Stars Program,  the  Company
     provides investment advisory services to clients.   All  RFG
     Stars  Program client accounts are maintained with  Fidelity
     Registered  Investment Advisor Group ("FRIAG"),  an  arm  of
     Fidelity  Investments.  FRIAG provides  brokerage,  custody,
     and clearing services to RFG Stars Program clients.

     Basis of Presentation
     ---------------------
     The accounting and reporting policies of the Company conform
     to  accounting principles generally accepted in  the  United
     States  of America ("GAAP") and to general practices  within
     the  broker-dealer  industry. The preparation  of  financial
     statements  in  conformity with GAAP requires the  Company's
     management to make estimates and assumptions that affect the
     amounts reported in the financial statements. Actual results
     could differ from these estimates.

     Revenue Recognition and Commissions Receivable
     ----------------------------------------------
     Commissions  represent transactions processed and  net  fees
     charged  to  customers  per transaction  for  buy  and  sell
     transactions  processed.  Commissions  are  recorded  on   a
     settlement date basis, which does not differ materially from
     trade date basis.

     Cash and Cash Equivalents
     -------------------------
     For  purposes  of the statements of cash flow,  the  Company
     considers all investments with an original maturity of three
     months or less to be a cash equivalent.  As of December  31,
     2007  and  2006, the Company maintained cash  balances  with
     financial  institutions  and  brokerage  companies  totaling
     $949,952  and  $882,827,  respectively,  that  exceeded  the
     Federal deposit insurance limits.


Building and Furniture, Fixtures and Equipment

     Building, furniture, fixtures and equipment are reported  at
     cost less accumulated depreciation. Depreciation is computed
     primarily  by  the straight-line method over  the  estimated
     useful lives of the assets as shown below:

            Furniture            5 - 7 years
            Equipment                3 years
            Building                39 years

     The cost of maintenance  and repairs which do not improve or
     extend the useful life of the respective asset is charged to
     earnings  as  incurred,  whereas  significant  renewals  and
     improvements are capitalized.

     The Company closed on the purchase of its office building on
     May  25,  2006 for a total cost of $1,273,455, financing  it
     with a $1,000,000 loan with a 5-year balloon amortized on  a
     25-year basis, at a fixed rate interest rate of 8.610%.

     Subsequent  to  the  closing  of  this  commercial  property
     purchase  the Company pays a monthly fee of $4,200 in  condo
     association fees in addition to the mortgage payment.


                                  17
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

            Notes to Financial Statements, continued

(1) Description of Business and Summary of Significant Accounting
    -------------------------------------------------------------
    Policies, continued
    -------------------
    Income Taxes
    ------------
    Deferred  tax assets and liabilities are recognized  for  the
    future  tax consequences attributable to differences  between
    the  financial statement carrying amounts of existing  assets
    and    liabilities   and   their   respective   tax    bases.
    Additionally,  the recognition of future tax  benefits,  such
    as  net  operating  loss carryforwards, is  required  to  the
    extent that realization of such benefits is more likely  than
    not.  Deferred tax assets and liabilities are measured  using
    enacted tax rates expected to apply to taxable income in  the
    years in which the assets and liabilities are expected to  be
    recovered  or settled. The effect on deferred tax assets  and
    liabilities of a change in tax rates is recognized in  income
    tax expense  in  the period that includes the enactment date.

    In the event  the  future  tax  consequences  of  differences
    between the financial  reporting  bases and the tax bases  of
    the Company's assets  and liabilities results in deferred tax
    assets, an evaluation  of  the probability  of  being able to
    realize  the  future  benefit s indicated  by  such  asset is
    required. A  valuation  allowance is provided for the portion
    of the  deferred  tax asset  when it  is more likely than not
    that some  portion or all of the  deferred tax asset will not
    be realized. In  assessing the realizability of the  deferred
    tax assets,  management  considers the scheduled reversals of
    deferred tax liabilities, projected  future  taxable  income,
    and tax planning strategies.

    Treasury Stock
    --------------
    Treasury  stock  is  accounted  for  by   the  cost   method.
    Subsequent  reissuances  are  accounted  for at average cost.

    Net Earnings Per Share
    ----------------------
    During  the  years  ended December 31, 2007  and  2006,  the
    Company  had  potential  common stock issuances  outstanding
    totaling  865,000  shares related  to  preferred  stock  and
    warrants.   As  of  December 31,  2007,  all  warrants  have
    expired.   The effect of the remaining convertible preferred
    stock  issuances would be antidilutive because the  exercise
    price  is more than the fair value of the stock. The  effect
    of  these potential common stock issuances has been excluded
    from  the  computation of net earnings per  share  for  each
    year.   Additionally, as of December 31, 2007,  the  Company
    had  options  outstanding.  The effect of these options  was
    not  considered due to their antidilutive effect.  Presented
    below is a summary of earnings per share for the years ended
    December 31, 2007 and 2006:
<TABLE>
<CAPTION>
                                                    2007        2006
                                                    ----        ----
     <S>                                         <C>          <C>
     Weighted average common shares outstanding  17,629,044   17,629,044
                                                ===========  ===========

     Net earnings (loss)                        $  (362,826)     283,241
     Preferred stock dividend                       (60,548)     (60,548)
                                                -----------  -----------
     Net earnings (loss) attributable to common
       shareholders                             $  (423,374)     222,693
                                                ===========  ===========

     Net earnings (loss) per common share       $      (.02)         .01
                                                ===========  ===========
</TABLE>

     Stock-Based Compensation
     ------------------------
     The  Company  sponsors a stock-based incentive  compensation
     plan for the benefit of certain employees.  Previously,  the
     Company  had  accounted for this plan under the  recognition
     and   measurement   principles  of  APB  Opinion   No.   25,
     "Accounting  for  Stock  Issued to Employees",  and  related
     Interpretations,  whereby stock-based employee  compensation
     costs  had been reflected in net earnings, but only  to  the
     extent that the option price was less than the market  value
     of the Company's common stock at the option grant date.  The
     Company  adopted Statement of Financial Accounting  Standard
     No.  123  (revised  2004) "Share-Based  Payment"  (SFAS  No.
     123(R))  on  the required effective date, January  1,  2006.
     The adoption of SFAS No.123(R) had no effect on prior period
     net earnings or earnings per share.


                                  18
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
              (formerly Raike Financial Group, Inc.)

            Notes to Financial Statements, continued

(1)  Description of Business and Summary of Significant Accounting
     -------------------------------------------------------------
     Policies, continued
     -------------------
     Recent Accounting Pronouncements
     --------------------------------
     The following accounting standards that have been issued  or
     proposed  by  the Financial Accounting Standards  Board  and
     other standard setting entities that do not require adoption
     until  a  future  date are not expected to have  a  material
     impact on the Company's financial statements upon adoption.

     SFAS No. 157, Fair Value Measurements
     This   Statement  does  not  require  any  new  fair   value
     measurements, but rather, it provides enhanced  guidance  to
     other  pronouncements  that  require  or  permit  assets  or
     liabilities  to  be  measured at fair value.   However,  the
     application of this Statement may change how fair  value  is
     determined.   The  Statement  is  effective  for   financial
     statements issued for fiscal years beginning after  November
     15, 2007 and interim periods within those fiscal years.

     SFAS No. 159, The Fair Value Option for Financial Assets and
     Financial  Liabilities  - Including  an  amendment  of  FASB
     Statement No. 115
     This  Statement  provides all entities  with  an  option  to
     report  selected  financial assets and liabilities  at  fair
     value.  The Statement is effective as of the beginning of an
     entity's  first  fiscal year beginning  after  November  15,
     2007,    with   early   adoption   available   in    certain
     circumstances.

(2)  Related Party Transactions
     --------------------------
     The  majority shareholder receives consulting  fees  in  the
     amount    of   $130,000   annually.    In   addition,    the
     Company  pays  a  bonus equal to 2.5%  of  revenues  to  the
     majority  shareholder.   The majority  shareholder's  spouse
     also  receives consulting fees of $120,000 annually.  During
     the  year  ended  December 31, 2007 and 2006,  the  majority
     shareholder  earned  a  bonus  of  $202,914  and   $231,606,
     respectively.  Of the $231,606 bonus earned in 2006, $37,173
     was forgiven.

     In  2004, the Company entered into an agreement with Pea Pod
     Consulting, Inc., which is owned by a former member  of  the
     Company's  Board  of Directors.  This agreement  called  for
     annual  consulting fees for services related  to  regulatory
     compliance and other operational issues totaling $84,000, of
     which  a  total of $35,538 was paid during 2007 and  $84,000
     was   paid  during  2006.   The  agreement  with   Pea   Pod
     Consulting, Inc. was terminated voluntarily effective  April
     20, 2007.

(3)  Net Capital Requirements
     ------------------------
     The  Company is subject to the SEC Uniform Net Capital  Rule
     (SEC Rule 15c3-1), which requires the maintenance of minimum
     net  capital  and  requires  that  the  ratio  of  aggregate
     indebtedness  to  net capital, both as  defined,  shall  not
     exceed  15  to 1 (and the rule of the "applicable"  exchange
     also  provides that equity capital may not be  withdrawn  or
     cash dividends paid if the resulting net capital ratio would
     exceed 10 to 1).  At December 31, 2007, the Company had  net
     capital of $1,241,639, which was $1,141,639 in excess of its
     required net capital of $100,000.  The Company's net capital
     ratio was 0.42 to 1.

(4)  Income Taxes
     ------------
     The  components  of income tax expense for the  years  ended
     December 31, 2007 and 2006 are as follows:

                                            2007          2006
                                         ---------     ---------
       Current                           $       -             -
       Deferred                           (134,027)      108,505
       Change in valuation allowance       134,027      (108,505)
                                         ---------     ---------
                                         $       -             -
                                         =========     =========


                                  19
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

            Notes to Financial Statements, continued

(4)  Income Taxes, continued
     -----------------------
     The  difference  between  income  tax  expense  computed  by
     applying  the statutory federal income tax rate to  earnings
     before taxes for the years ended December 31, 2007 and  2006
     is as follows:
                                                    2007        2006
                                                ----------   ---------

       Pretax income at statutory rate          $ (123,361)     96,569
       State income tax, net of federal benefit    (14,512)     11,330
       Other                                         3,846         606
       Change in valuation allowance               134,027    (108,505)
                                                ----------   ---------

                                                $        -           -
                                                ==========   =========

     The following summarizes the components of deferred taxes at
     December 31, 2007 and 2006.
                                                    2007        2006
                                                ----------   ----------
        Deferred income tax assets:
        Operating loss carryforwards            $  327,928      322,550
        Stock based compensation expense           128,649            -
                                                ----------   ----------

          Total gross deferred income tax assets   456,577      322,550

        Less valuation allowance                  (456,577)    (322,550)
                                                ----------   ----------

        Net deferred tax asset                  $        -            -
                                                ==========   ==========

     During  2007 and 2006, a valuation allowance was established
     for  the entire amount of the net deferred tax asset, as the
     realization of the deferred tax asset is dependent on future
     taxable income.

     At  December  31, 2007, the Company had net  operating  loss
     carryforwards for tax purposes of approximately $1.2 million
     which  will  expire  beginning in  2016  if  not  previously
     utilized.

(5)  Selling, General and Administrative Expenses
     --------------------------------------------
     Components of selling, general and administrative  expenses,
     which  are  greater than 1% of total revenues for the  years
     ended December 31, 2007 and 2006, are as follows:

                                                2007        2006
                                            ----------  ----------
        Consultant fees                     $  604,406     632,423
        Compensation                           411,212     336,695
        Compensation expense related to
          stock options                        338,550           -
        Errors & omissions insurance           116,257     113,068
        Legal and professional fees            133,386      86,362

(6)  Shareholders' Equity
     --------------------
     Stock Option Plan
     The  Company sponsors an incentive stock option plan for the
     benefit  of  certain  employees in  order  that  they  might
     purchase  Company  stock at a certain price.   Initially,  a
     total  of 800,000 shares of the Company's common stock  were
     reserved  for  possible issuance under this  plan.   In  May
     2007,  the Board of Directors approved increasing the  total
     shares  available  for  potential future  option  grants  to
     approximately  6.9  million  shares,  from  which  2,257,000
     options  were granted in 2007.  There were no stock  options
     granted   during  2006  and  there  were  no  stock  options
     outstanding at December 31, 2006.


                                  20
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)

            Notes to Financial Statements, continued

(6)  Shareholders' Equity, continued
     -------------------------------
     Stock Option Plan, continued
     During  July 2007, the Company granted a total of  2,257,000
     options to certain brokers with a strike price of $.01 where
     the  market value of the Company's stock was $.15 per  share
     at the time of grant.  These options vested immediately, and
     the  Company recognized expense related to these options  of
     $338,550.  The fair value of these options, using the Black-
     Scholes pricing model was $.15 per share.

     A  summary of activity in the stock option plan is presented
     below:
                                             2007
                                      -------------------
                                                 Weighted
                                                 Average
                                                  Price
                                      Shares    Per Share
                                      ------    ---------

     Outstanding, beginning of year          -     $    -
                                                   ------
     Granted during the year         2,257,000        .01
     Cancelled during the year               -          -
     Exercised during the year               -          -
                                     ---------     ------
     Outstanding and exercisable,
        end of year                  2,257,000     $  .01
                                     =========     ======

     The   total  intrinsic  value  of  options  outstanding  and
     exercisable as of December 31, 2007 was $315,980.

     The Company used the following assumptions in estimating the
     fair value of the option awards:

     Expected volatility            .5%
     Risk-free interest rate      4.99%
     Expected life             10 years
     Dividend yield                  0%

     Perpetual Preferred Stock
     The  Preferred  Stock pays a cumulative annual  dividend  of
     $.70   per   share.   Each  share  of  Preferred  Stock   is
     convertible into five shares of common stock at  the  option
     of the holder.  Each share of Preferred Stock is mandatorily
     convertible into five shares of common stock upon the filing
     of  a public offering registration statement or a change  in
     control  (as defined).  The Company may redeem the Preferred
     Stock   by   giving   30-day's  notice  to   the   preferred
     stockholders  for  a redemption price of $10.00  per  share,
     plus  unpaid  dividends through the redemption  date.   Upon
     voluntary  or  involuntary dissolution of the  Company,  the
     preferred  stockholders will receive $10.00 per share  prior
     to  the  distribution of any amounts to common shareholders.
     The  Preferred Stock has no voting rights.  As  of  December
     31,  2007  and  2006, there were no preferred  dividends  in
     arrears.

     Warrants
     In  connection with the issuance of the Company's  Preferred
     Stock,  the  Company  issued 216,250 Class  A  warrants  and
     216,250  Class B warrants. The Class A warrants  allow  each
     holder  to purchase one share of common stock for $1.50  and
     expired  on January 31, 2006 and the Class B warrants  allow
     each  holder to purchase one share of common stock for $2.50
     and expired on January 31, 2007.

(7)  Employee Retirement Plan
     ------------------------
     The  Company has established a Savings Incentive Match  Plan
     for Employees of Small Employers (SIMPLE IRA). Employees who
     receive  at  least $5,000 of compensation for  the  calendar
     year  are  eligible  to  participate.  The  Company  matches
     employee contributions dollar for dollar up to three percent
     of the employee's compensation.  Total contributions for any
     employee  are limited by certain regulations.   During  2007
     and  2006, the Company contributed approximately $9,900  and
     $8,000, respectively, to the plan.


                                  21
<PAGE>
















                          SUPPLEMENTAL

                            SCHEDULE













                                  22
<PAGE>



                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)
                      Supplemental Schedule

         Computation of Net Capital Under Rule 15c3-1 of
             the Securities and Exchange Commission

                        December 31, 2007


Computation of Net Capital:
--------------------------

Total shareholders' equity                            $ 1,524,586
Non-allowable assets                                     (280,913)
                                                      -----------

Tentative net capital                                   1,243,673
Unsecured debits                                           (2,034)
                                                      -----------

Net capital                                             1,241,639

Minimum net capital                                       100,000
                                                      -----------

     Excess  net capital                              $ 1,141,639
                                                      ===========
Aggregate Indebtedness to Net Capital Ratio:
-------------------------------------------
Aggregate indebtedness                                $   525,726
                                                      ===========

Net capital                                           $ 1,241,639
                                                      ===========

Ratio                                                   0.42 to 1
                                                      ===========
Reconciliation with Company's computation
-----------------------------------------
(included in Part II of Form X-17A-5 as of
------------------------------------------
December 31, 2007):
-------------------
Net capital as reported in unaudited FOCUS
  report, as filed                                    $ 1,242,408

Difference in nonallowable assets                            (769)
                                                      -----------

Net capital per above                                 $ 1,241,639
                                                      ===========



                                  23
<PAGE>


ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
          ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 8A.  CONTROLS AND PROCEDURES

  As  of  the  end  of  the period covered by  this  report,  our
  management,  including our Chief Executive  Officer  and  Chief
  Financial Officer, reviewed and evaluated the effectiveness  of
  the  design  and  operation  of  our  disclosure  controls  and
  procedures  pursuant to Exchange Act Rule 15d-15.   Based  upon
  that   evaluation,  our  Chief  Executive  Officer  and   Chief
  Financial  Officer concluded that our disclosure  controls  and
  procedures  are effective in timely alerting them  to  material
  information  relating to the Company that  is  required  to  be
  included  in  our  periodic filings  with  the  Securities  and
  Exchange  Commission.  There have been no  significant  changes
  in  our  internal  controls or, to management's  knowledge,  in
  other  factors  that could significantly affect those  internal
  controls  subsequent to the date we carried out our evaluation,
  and  there  has  been  no corrective actions  with  respect  to
  significant deficiencies or material weaknesses.

Management's  Annual  Report on Internal Control  Over  Financial
Reporting

     Our   management   is  responsible  for   establishing   and
maintaining  adequate internal control over  financial  reporting
(as  defined  in Rules 13a-15(f) and 15d-5(f) under the  Exchange
Act).   Our management assessed the effectiveness of our internal
control  over  financial reporting as of December 31,  2007.   In
making  this  assessment, our management used  the  criteria  set
forth  by  the  Committee  of  Sponsoring  Organizations  of  the
Treadway   Commission  ("COSO")  in  Internal  Control-Integrated
Framework.  Our management has concluded that, as of December 31,
2007,  our internal control over financial reporting is effective
based on these criteria.  This annual report does not include  an
attestation report of Woodstock Financial Group, Inc.  registered
public  accounting firm regarding internal control over financial
reporting.  Management's report was not subject to attestation by
Woodstock  Financial  Group, Inc. independent  registered  public
accounting firm pursuant to temporary rules of the Securities and
Exchange  Commission that permit Woodstock Financial Group,  Inc.
to provide only management's report in this annual report.

     Our  management, including our Chief Executive  Officer  and
Chief  Financial  Officer,  does not  expect  that  our  internal
control  over financial reporting will prevent all error and  all
fraud.  A  control  system,  no matter  how  well  conceived  and
operated,  can  provide only reasonable, not absolute,  assurance
that  the objectives of the control system are met. Further,  the
design  of a control system must reflect the fact that there  are
resource  constraints,  and  the benefits  of  controls  must  be
considered  relative  to  their costs. Because  of  the  inherent
limitations in all control systems, no evaluation of controls can
provide  absolute assurance that all control issues and instances
of  fraud,  if any, within Woodstock Financial Group,  Inc.  have
been  detected Woodstock Financial Group, Inc.'s internal control
over  financial  reporting,  however,  are  designed  to  provide
reasonable assurance that the objectives of internal control over
financial reporting are met.


ITEM 8B.  OTHER INFORMATION

  None.
                            PART III

ITEM 9.   DIRECTORS,  EXECUTIVE OFFICERS, PROMOTERS  AND  CONTROL
          PERSONS;  COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE
          ACT

Set  forth  below  is information regarding  our  directors  and
executive  officers.    We  have no other  management  employees
besides those described below, and there are currently no  other
persons  under  consideration to become directors  or  executive
officers.

<TABLE>
<CAPTION>
NAME                      AGE        POSITION
<S>                       <C>        <C>
William  J. Raike, III     49        Chairman, President and CEO

Melissa  L.  Whitley       31        Treasurer, CFO and Director

Morris L. Brunson          68        Director

William D. Bertsche        63        Director

Geoffrey T. Chalmers       72        Director
</TABLE>

The  Board of Directors has designated an Audit Committee of the
Board  of  Directors consisting of one member, that will  review
the  scope  of  accounting audits, review with  the  independent
auditors  the  corporate accounting practices and  policies  and
recommend  to  whom  reports  should  be  submitted  within  the
Company,  review  with  the  independent  auditors  their  final
report, review with independent auditors overall accounting  and
financial controls, and be available to the independent auditors
during  the  year  for  consultation  purposes.  The  Board   of
Directors  has also designated a Compensation Committee  of  the
Board  of  Directors consisting of three Directors,  which  will
review   the   performance  of  senior   management,   recommend
appropriate  compensation levels and  approve  the  issuance  of
stock  options pursuant to the Company's stock option plan.  All
Directors  and  officers  of  the  Company  serve  until   their
successors are duly elected and qualify.

The Audit Committee consists of Morris Brunson.

The  Compensation  Committee  consists  of  Morris  Brunson,
William Raike, and William Bertsche.


                                  24
<PAGE>


     William J. Raike, III, Chairman, President and CEO

Mr.  Raike has been licensed in the financial services  industry
for  over  20 years.  His brokerage career began as a  financial
representative   in   1985  with  an   NASD   member   brokerage
headquartered in Denver, Colorado.  In 1988, Mr. Raike  accepted
a  position as Vice President and Branch Manager of the Atlanta,
Georgia  regional  office.  Mr. Raike later joined  Davenport  &
Company,  a NYSE member firm headquartered in Richmond, Virginia
and  subsequently owned an independently operated branch  office
of an NASD member firm.  Mr. Raike formed Raike Financial Group,
Inc.  in March of 1995 and was successful in growing the company
from  two  registered representatives and approximately $200,000
in  revenues  to  over  100  representatives  and  approximately
$10,000,000 in revenues by year 2000.  Mr. Raike currently holds
positions as Chairman of the Board, Chief Executive Officer  and
President and is licensed with the Series 4 (Registered  Options
Principal),  7 (General Securities Representative), 24  (General
Securities  Principal), 55 (Equity Trader), 63 (State Securities
License).


     Melissa L. Whitley, Treasurer, CFO and Director

Mrs. Whitley has been with Woodstock Financial Group, Inc. since
its  inception in March 1995.  Prior to joining Raike Financial,
she  was  the operations manager of an independently  owned  OSJ
branch  office.   Mrs. Whitley has served in several  capacities
during  her tenure at Woodstock Financial Group, Inc. including:
trading  operations,  administrative  operations,  as  well   as
accounting and payroll.  Mrs. Whitley currently holds  a  Series
27 Financial Operations Principal License.


     Morris L. Brunson, Director

Mr.  Brunson graduated from Berry College in 1958 with a  degree
in  Business  Administration with a concentration in Accounting.
His  career has been spent in the accounting and financial areas
primarily  in  the health care business.  He was the  Accounting
Manager  for  Floyd  Medical  Center,  a  Cost  Accountant   for
Ledbetter Construction Co. and has held several positions at the
American  Red Cross and the United Way.  He retired in 1998  and
currently resides in Georgia.


     William D. Bertsche, Director

Mr.  Bertsche was educated at Santa Rosa College in Santa  Rosa,
California and at River Falls College in Wisconsin.  At an early
age,  Mr.  Bertsche  managed  a family  business  in  the  dairy
industry and since has managed private business ventures in  the
private  security industry.  He is an entrepreneur and has  been
self  employed  for  the better part of his life  and  currently
resides in Virginia.


     Geoffrey T. Chalmers, Director

Mr.  Chalmers is a graduate of Harvard College and Columbia  Law
School.  He has been a practicing attorney for over 35 years  in
corporate and securities law, having acted as general counsel to
several  public and private companies, including broker-dealers.
He is engaged in private practice.


                                  25
<PAGE>


ITEM 10.  EXECUTIVE COMPENSATION

The following table sets forth the annual compensation of i) our
highest-paid  officer,  and  ii)  the  Company's   officers   or
directors as a group for the year ended December 31, 2007:

<TABLE>
<CAPTION>
NAME OR IDENTITY OF GROUP   TITLE                         COMPENSATION
<S>                         <C>                           <C>
William J. Raike, III       Chairman, President and CEO   $  332,914

TOTAL SALARIES FOR THE YEAR 2007 OF OFFICERS
AND DIRECTORS AS A GROUP EXCLUDING W.J. RAIKE             $   91,051

The total bonus earned in 2007 by Mr. Raike was $202,914.
</TABLE>

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The  following  table  sets forth the record  ownership  of  our
Common  Stock as of December 31, 2007 as to (i) each  person  or
entity who owns more than five percent (5%) of any class of  our
Securities   (including  those  shares  subject  to  outstanding
options),  (ii)  each  person named in the  table  appearing  in
"Executive Compensation", and  (iii) all officers and  directors
of the Company as a group.
<TABLE>
<CAPTION>
NAME & ADDRESS             SHARES OWNED   PERCENT OF CLASS
<S>                        <C>            <C>
William J. Raike, III      14,647,000      83.02%

OFFICERS & DIRECTORS AS A  14,687,000      83.25%
GROUP
</TABLE>


In  May 2006 William J. Raike, III purchased a total of 2,344,000
shares  of common stock from William Bertsche and Morris  Brunson
at  $0.20  per  share.   As  a result of  this  transaction,  Mr.
Bertsche  and  Mr.  Brunson no longer own any  shares  of  common
stock.

To  the  best of our knowledge, the persons named in  the  table
have sole voting and investment power with respect to all shares
of  Common  Stock  owned by them, subject to community  property
laws where applicable.




                                  26
<PAGE>


ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     The  majority shareholder receives consulting  fees  in  the
     amount    of   $130,000   annually.    In   addition,    the
     Company  pays  a  bonus equal to 2.5%  of  revenues  to  the
     majority  shareholder.   The majority  shareholder's  spouse
     also  receives consulting fees of $120,000 annually.  During
     the  year  ended  December 31, 2007 and 2006,  the  majority
     shareholder  earned  a  bonus  of  $202,914  and   $231,606,
     respectively.  Of the $231,606 bonus earned in 2006, $37,173
     was forgiven.

     In  2004, the Company entered into an agreement with Pea Pod
     Consulting, Inc., which is owned by a former member  of  the
     Company's  Board  of Directors.  This agreement  called  for
     annual  consulting fees for services related  to  regulatory
     compliance and other operational issues totaling $84,000, of
     which  a  total of $35,538 was paid during 2007 and  $84,000
     was  paid during 2006.  Pea Pod Consulting, Inc. voluntarily
     resigned  from  the agreement effective April  20,  2007  to
     pursue other opportunities.

ITEM 13.  EXHIBITS

     Exhibit
     Number         Exhibit
     ------         -------

     14.1  Code of Ethics for Officers of Woodstock Financial
           Group, Inc. dated October 15, 2004.

     31.1  Certification by Chief Executive Officer Pursuant to Rule
           13a-14(a)/15(d)-14(a).

     31.2  Certification by Chief Financial Officer Pursuant to Rule
           13a-14(a)/15(d)-14(a).

     32.1  Certifications Pursuant to 18 U.S.C. Section 1350, as
           Adopted Pursuant to Section 906 of the
           Sarbanes-Oxley Act of 2002.


ITEM 14.     PRINCIPAL ACCOUNTANT FEES AND SERVICES

The  following table shows the amounts paid by the Company to its
independent  auditors, Porter Keadle Moore, LLP  (PKM),  for  the
last two fiscal years.
<TABLE>
<CAPTION>
                                       2007        2006
                                       ----        ----
         <S>                         <C>         <C>
         Audit fees                  $ 49,315      48,834
         Audit-related fees                 -           -
         Tax fees                           -           -
         All other fees                     -           -
                                     --------    --------

                  Total fees         $ 49,315      48,834
                                     ========    ========
</TABLE>



                                  27
<PAGE>

Audit Fees

The  aggregate  fees  billed  by PKM  for  professional  services
rendered in connection with the (i) audit of the Company's annual
financial  statements for 2007 and 2006, and (ii) review  of  the
financial statements included in the Company's quarterly  filings
on  Form  10-QSB and annual filings on Form 10-KSB  during  those
fiscal years.

Audit Related Fees

The   aggregate  fees  billed  by  PKM  in  2007  and  2006   for
professional services rendered for assurance and related services
that  are  reasonably related to the performance of the audit  or
review of the Company's financial statements and not included  in
"Audit Fees" above.

Tax Fees

The  aggregate fees billed in each of the last two  fiscal  years
for professional services rendered by PKM for tax compliance, tax
advice, and tax planning.

All Other Fees

The fees billed by PKM are pre-approved by the Audit Committee of
the  Company  in accordance with the policies and procedures  for
the  Audit Committee.  The Audit Committee pre-approves all audit
and  non-audit  services  provided by the  Company's  independent
accountants  and  may not engage the independent  accountants  to
perform  any prohibited non-audit services.  For 2007  and  2006,
100% of the fees incurred were pre-approved.


                                  28
<PAGE>



                           SIGNATURES

In  accordance with Section 13 or 15(d) of the Exchange Act,  the
Registrant caused this Report to be signed on its behalf  by  the
undersigned, thereunto duly authorized

                              WOODSTOCK  FINANCIAL  GROUP, INC.


                              By:  /s/ William J. Raike, III
                                 ------------------------------
                                   William J. Raike, III
                                   President and Chief
                                        Executive Officer


                              By:  /s/ Melissa L. Whitley
                                 ------------------------------
                                   Melissa L. Whitley
                                   Chief Financial Officer

                              Date:   March 24, 2008

Pursuant to the requirements of the Securities Exchange Act of
1934, this Report has been signed below by the following persons
on behalf of the Registrant and in the capacities and on the
dates indicated.


/s/ William J. Raike, III
-----------------------------
William J. Raike, III
President and Chief Executive Officer, Director
(Principal Executive Officer)
Date:  March 24, 2008

/s/ Melissa L. Whitley
-----------------------------
Melissa L. Whitley
Treasurer, Chief Financial Officer and Director
Date:  March 24, 2008

/s/ Morris L. Brunson
-----------------------------
Morris L. Brunson
Director
Date:  March 24, 2008

/s/ William D. Bertsche
-----------------------------
William D. Bertsche
Director
Date:  March 24, 2008

/s/ Geoffrey T. Chalmers
-----------------------------
Geoffrey T. Chalmers
Director
Date:  March 24, 2008



                                  29
<PAGE>