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, 2006

[ ]  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:
$9,264,261

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:  $586,406 as of March 13, 2007.

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 19, 2007
--------------------------------

            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 COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.......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  National  Association  of   Securities
Dealers ("NASD") 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 70  independent
retail brokers. Our SEC net capital position as of December  31,
2006 and 2005 was $1,265,641 and $1,160,099 respectively.

From our beginnings in May of 1995, our annual revenues are as
follows:

          Year        Revenues         No. of Reps.
          ----        --------         ------------
          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

Thus far, all expansion and growth has been funded from cash flow
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
services.

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  NASD 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 90% of our revenue during  2006  and  2005
has been derived from these securities sales services.

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

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, 2006  and  2005  was
approximately 4.3% and 5.5%, 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 NASD Inc. We are registered  as
a  broker-dealer with the SEC and are a member firm of the  NASD.
Much  of  the regulation of broker-dealers has been delegated  to
self-regulatory organizations, principally NASD, which  has  been
designated  by  the SEC as the Company's primary regulator.  NASD
adopts  rules  (which are subject to approval by  the  SEC)  that
govern  NASD 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  NASD.  As  discussed
above,  the Company is an NASD member. NASD has prescribed  rules
(Rule  2830  of the NASD Conduct 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 NASDR, 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,  2006,  we had NASD  reported  net  capital  of
$1,265,641 and our ratio of aggregate indebtedness to net capital
was .39 to 1.

Failure to maintain the required net capital may subject  a  firm
to  suspension  or  expulsion by the  NASD,  the  SEC  and  other
regulatory bodies and ultimately may require its liquidation.  We
have  met  or  exceeded  all net capital requirements  since  the
Company was started. 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, 2006, we had 9 full-time employees in addition to
approximately  70  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

The  Company has been named as respondent in certain arbitrations
that  allege  violations of securities laws and claim substantial
damages.    After   consultation  with  outside  legal   counsel,
management believes that resolution of these certain arbitrations
will  not  result  in material adverse effect  on  the  Company's
financial position or results of operations.

As  of  March  1,  2007, there are two claims pending  by  retail
customers of the Company.


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

     (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, 2006 and 2005

Total  revenue for the year ended December 31, 2006 increased  by
$1,241,900  or  15%  to  $9,264,261  from  $8,022,361   for   the
comparable period in 2005.

Commission  revenue increased by $1,169,715 or 17% to  $7,980,379
from  $6,810,664 for the comparable period in 2005.  The increase
was  due to an increase in transactional, insurance business  and
managed account fees.

Interest  income  decreased by $22,758 or 5% to 440,531  for  the
year  ended December 31, 2006 from $463,289 compared to the  same
period in 2005.  This decrease is due to the decrease in interest
from  margin accounts and customer accounts held by our  clearing
agent.

Fees from clearing transaction charges and other income increased
by  $94,943  or 13% to $843,351 for the year ended  December  31,
2006 from $748,408 for the same period in 2005.  This increase is
due  primarily  to  an increase in fees from a higher  volume  of
transactional business.

Total  operating  expenses for the year ended December  31,  2006
increased  by  $1,211,815 to $8,981,020 from $7,769,205  for  the
same period in 2005.

Commissions  to  brokers increased by $957,948 to $6,993,210  for
the  year  ended December 31, 2006 from $6,035,262 in  the  prior
year.   This  increase corresponds to the increase in  commission
revenues.

Clearing costs increased by $9,457 or 5% to $184,951 for the year
ended  December 31, 2006 from $175,494 in the prior year.   As  a
percentage of commission income clearing costs were 2.3% in  2006
compared to 2.6% in 2005.

Selling, general and administrative expense increased $212,710 or
14%  to  $1,747,347 for the year ended December 31, 2006 compared
to  $1,534,657 in the prior year.  This increase is primarily due
to  the  company  making a purchase of commercial  office  space.
Additional  expenses included in occupancy costs associated  with
this  purchase  include  closing costs, condo  association  fees,
interest  on  the  loan and depreciation expense total  $124,146.
Also  in  2006, the Company recognized expense of  $10,277  as  a
result    of    forgiven   promissory   notes   with   registered
representatives.   The remaining increase in expense  relates  to
increases  in salaries, consulting, equipment rentals,  marketing
and printing.

Settlement and arbitration expense decreased $18,617  or  78%  to
$5,175  for the year ended December 31, 2006 compared to  $23,792
in the prior year.

The  Company  recorded no income tax expense or benefit  for  the
years  ended December 31, 2006 and 2005.  We have a net operating
loss  carryforward as of December 31, 2006 that is dependent upon
future taxable income.

Net  earnings were $283,241 for the year ended December 31,  2006
compared to net earnings of $253,156 for the same period in 2005.


                                  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, 2006 were $1,609,410 of which $1,048,952 is cash.

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, 2006 was $1,265,641 and our
ratio of aggregate indebtedness to net capital was .39 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.

On  July  5, 2005, the Company entered into a commercial purchase
and  sale  agreement for the purchase of a portion of  an  office
building.   The  total  commitment amount for  this  purchase  is
approximately $1,252,000 of which approximately $150,000 had been
paid  as a deposit as of December 31, 2005.  The Company occupied
this  new  office space in January 2006.  The Company  closed  on
this  purchase  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  purchase
Woodstock  Financial  pays  a monthly  fee  of  $4,200  in  condo
association fees in addition to the mortgage payment.

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.

In  May  2005, the Company acquired 30,000 shares of  its  common
stock  at a cost of $6,000.  During 2006, the Company acquired  a
total  of 22,744 shares of its common stock for a total  cost  of
$4,549.

The Company's cash and cash equivalents increased by $107,507  to
$1,048,952 as of December 31, 2006, from $941,445 as of  December
31,  2005.   This increase was due to cash provided by  operating
activities  of  $345,204,  cash used in investing  activities  of
$1,166,012,  and cash used in financing activities  of  $928,315.
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, 2006 and 2005
          Statements of Earnings for the years ended
            December 31, 2006 and 2005
          Statements of Shareholders' Equity for the
            years ended December 31, 2006 and 2005
          Statements of Cash Flows for the years ended
            December 31, 2006 and 2005
          Notes to Financial Statements
          Supplemental Schedule - Computation of Net
            Capital Under Rule 15c3-1 of the Securities and
            Exchange Commission






















                                  11
<PAGE>


     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,  2006  and  2005  and  the  related  statements  of
earnings, 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,  2006  and
2005,  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 21, 2007


                                  12
<PAGE>


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

                   December 31, 2006 and 2005
<TABLE>
<CAPTION>
                                                         2006           2005
                                                      -----------    -----------
<S>                                                   <C>            <C>
                                   Assets
                                   ------
Cash and cash equivalents                             $ 1,048,952        941,445
Clearing deposit                                          125,000        125,000
Furniture, fixtures, and equipment, at
 cost, net of accumulated depreciation
 of $115,417 and $80,317 respectively                      60,497         55,818
Deposit on premises                                             -        150,499
Building, net of accumulated depreciation
  of $28,481                                            1,248,807              -
Commissions receivable                                    585,203        721,982
Due from brokers                                           26,334         15,340
Other assets                                                1,543          8,850
                                                      -----------    -----------

                                                      $ 3,096,336      2,018,934
                                                      -----------    -----------

                    Liabilities and Shareholders' Equity
                    ------------------------------------

Liabilities:
     Accounts payable                                 $    32,516         36,611
     Commissions payable                                  427,557        559,221
     Preferred dividends payable                           30,274         30,274
     Other liabilities                                      3,167          1,562
     Mortgage payable                                     993,412              -
                                                      -----------    -----------

            Total liabilities                         $ 1,486,926        627,668
                                                      -----------    -----------
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                            3,351,228      3,351,228
  Accumulated deficit                                  (1,766,146)    (1,988,839)
  Treasury stock; 322,744 and 300,000 shares,
    carried at cost, respectively                        (155,955)      (151,406)
                                                      -----------    -----------

            Total shareholders' equity                  1,609,410      1,391,266
                                                      -----------    -----------

                                                      $ 3,096,336      2,018,934
                                                      ===========    ===========
</TABLE>


See accompanying notes to financial statements.

                                  13
<PAGE>



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

         For the Years Ended December 31, 2006 and 2005
<TABLE>
<CAPTION>

                                                         2006           2005
                                                      -----------    -----------
<S>                                                   <C>            <C>
Operating income:
  Commissions                                         $ 7,980,379      6,810,664
  Interest and dividends                                  440,531        463,289
  Other fees and income                                   843,351        748,408
                                                      -----------    -----------

         Total operating income                         9,264,261      8,022,361
                                                      -----------    -----------
Operating expenses:
  Commissions to brokers                                6,993,210      6,035,262
  Clearing costs                                          184,951        175,494
  Selling, general and administrative expenses          1,747,347      1,534,637
  Interest expense                                         50,337             20
  Arbitration and/or customer settlement expense            5,175         23,792
                                                      -----------    -----------

         Total operating expenses                       8,981,020      7,769,205
                                                      -----------    -----------

         Net earnings                                 $   283,241        253,156
                                                      ===========    ===========
Net earnings per share, based on weighted average
  shares outstanding of 17,629,044 and 17,652,868
  in 2006 and 2005                                    $       .02            .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, 2006 and 2005
<TABLE>
<CAPTION>


                                                        Additional
                                    Preferred  Common    Paid-in     Accumulated    Tresury     Total
                                      Stock    Stock     Capital       Deficit       Stock      Equity
                                      -----    -----     -------       -------       -----      ------
<S>                                   <C>      <C>       <C>           <C>           <C>        <C>
Balance at December 31, 2004            $ 865  179,418   3,351,228    (2,181,447)  (145,406)  1,204,658

Preferred dividends                         -        -           -       (60,548)         -     (60,548)
Purchase of treasury stock shares           -        -           -             -     (6,000)     (6,000)
    (30,000)
Net earnings                                -        -           -       253,156          -     253,156
                                        -----  -------   ---------    ----------   --------   ---------

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
                                        =====  =======   =========    ===========  =========  =========
</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, 2006 and 2005
<TABLE>
<CAPTION>

                                                                2006         2005
                                                             -----------  -----------
<S>                                                          <C>          <C>
Cash flows from operating activities:
  Net earnings                                               $   283,241      253,156
  Adjustments to reconcile net earnings to
    net cash provided by operating activities:
      Depreciation                                                63,025        7,225
      Change in commissions receivable                           136,779       65,568
      Change in due from brokers                                  10,944       95,017
      Change in other assets                                     (14,630)      (5,313)
      Change in accounts payable                                  (4,095)       3,874
      Change in commissions payable                             (131,664)     (61,394)
      Change in other liabilities                                  1,604      (24,970)
                                                             -----------  -----------

         Net cash provided by operating activities               345,204      333,163
                                                             -----------  -----------
Cash flows from investing activities:
  Purchases of furniture, fixtures and equipment                 (39,223)     (48,318)
  Deposit on premises                                            150,499     (150,499)
  Purchase of building                                        (1,277,288)           -
                                                             -----------  -----------

         Net cash used by investing activities                (1,166,012)    (198,817)
                                                             -----------  -----------
Cash flows from financing activities:
  Proceeds from borrowings                                     1,000,000            -
  Repayment of borrowings                                         (6,588)           -
  Cash dividends paid on preferred stock                         (60,548)     (60,344)
  Purchase of treasury stock                                      (4,549)      (6,000)
                                                             -----------  -----------

         Net cash provided (used) by financing activities        928,315      (66,344)
                                                             -----------  -----------

         Net change in cash                                      107,507       68,002

Cash at beginning of year                                        941,445      873,443
                                                             -----------  -----------

Cash at end of year                                          $ 1,048,952      941,445
                                                             ===========  ===========

Supplemental disclosure of cash paid for interest            $    50,337           20
                                                             ===========  ===========

Supplemental disclosure of non-cash financing activities:
Change in preferred dividends payable                        $         -          204
                                                             ===========  ===========
</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,
     2006  and  2005, the Company maintained cash  balances  with
     financial  institutions  and  brokerage  companies  totaling
     $882,827  and  $761,999,  respectively,  that  exceeded  the
     Federal deposit insurance limits.

     Building and Furniture, Fixtures and Equipment
     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  (three  to  seven  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 had paid approximately $150,000 as a deposit  as
     of December 31, 2005 towards the purchase of a portion of an
     office building.  The Company occupied this new office space
     in January 2006.  The Company closed on this purchase 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%.  This  space
     is being depreciated on a straight-line basis over 39 years.

     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  benefits 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
    ----------------------
    The Company is required to report net earnings per share  on
    the face of the statement of operations with and without the
    dilutive  effects of potential common stock  issuances  from
    instruments  such  as  options, convertible  securities  and
    warrants.   Additionally,  the Company  must  reconcile  the
    amounts used in the computation of both "basic earnings  per
    share"  and "diluted earnings per share." During  the  years
    ended  December 31, 2006 and 2005, the Company had potential
    common  stock issuances outstanding totaling 865,000  shares
    related to preferred stock and warrants. However, the effect
    of   these   potential  common  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  have  been  excluded   from   the
    computation  of  net  earnings  per  share  for  each  year.
    Presented below is a summary of earnings per share  for  the
    years ended December 31, 2006 and 2005:

                                                          2006         2005
                                                       ----------   ----------

     Weighted average common shares outstanding        17,629,044   17,652,868
                                                       ==========   ==========

     Net earnings                                     $   283,241      253,156
     Preferred stock dividend                             (60,548)     (60,548)
                                                      -----------   ----------

     Net earnings attributable to common shareholders $   222,693      192,608
                                                      ===========   ==========

     Net earnings per common share                    $       .01          .01
                                                      ===========   ==========

     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) would have had no effect  on
     prior  period  net earnings or earnings per  share.   During
     2006  and  2005,  the  Company  recognized  no  compensation
     expense  related  to  this plan and there  were  no  options
     granted during either year.  As of December 31, 2006,  there
     are no options outstanding.


                                  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.

     FIN  48,  Accounting for Uncertainty in Income  Taxes  -  An
     Interpretation of FASB Statement No. 109
     This Interpretation clarifies that management is expected to
     evaluate  an  income tax position taken or  expected  to  be
     taken  for  likelihood of realization before  recording  any
     amounts  for such position in the financial statement.   FIN
     48  also requires expanded disclosure with respect to income
     tax  positions  taken that are not certain to  be  realized.
     This  Interpretation is effective for fiscal years beginning
     after  December  15,  2006, and will require  management  to
     evaluate  every  open  tax position  that  exists  in  every
     jurisdiction on the date of initial 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.

(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, 2006 and 2005,  the  majority
     shareholder  earned  a  bonus  of  $231,606  and   $200,559,
     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  member  of      the
     Company's  Board  of  Directors.  This agreement  calls  for
     annual  consulting fees for services related  to  regulatory
     compliance and other operational issues totaling $84,000, of
     which  a  total of $84,000 was paid during 2006 and  $84,000
     was paid during 2005.

(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, 2006, the Company had  net
     capital of $1,265,641, which was $1,165,641 in excess of its
     required net capital of $100,000.  The Company's net capital
     ratio was 0.39 to 1.

(4)  Income Taxes
     ------------
     The  components  of income tax expense for the  years  ended
     December 31, 2006 and 2005 are as follows:

                                             2006        2005
                                          ---------    ---------
        Current                           $       -            -
        Deferred                            108,505       99,446
        Change in valuation allowance      (108,505)     (99,446)
                                          ---------    ---------
                                          $       -            -
                                          =========    =========


                                  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, 2006 and  2005
     is as follows:
                                                      2006          2005
                                                  ----------    ----------

        Pretax income at statutory rate           $   96,569        86,074
        State income tax, net of federal benefit      11,330        10,126
        Other                                            636         3,246
        Change in valuation allowance               (108,505)      (99,446)
                                                  ----------    ----------
                                                  $        -             -
                                                  ==========    ==========

     The following summarizes the components of deferred taxes at
     December 31, 2006 and 2005.

                                                         2006        2005
        Deferred income tax assets:                   ----------    ----------

        Operating loss carryforwards                  $  322,550       431,055
                                                      ----------    ----------

        Total gross deferred income tax assets           322,550       431,055

        Less valuation allowance                        (322,550)     (431,055)
                                                      ----------    ----------

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

     During  2006 and 2005, 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, 2006, the Company had net  operating  loss
     carryforwards  for  tax purposes of approximately  $846,000,
     which  will  expire  beginning in  2015  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, 2006 and 2005, are as follows:

                                              2006       2005
                                          ----------- ----------

        Consultant fees                   $   632,423    585,627
        Compensation                          336,695    237,006
        Errors & omissions insurance          113,068    120,019
        Legal and professional fees            86,362     75,968

(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.   A  total  of
     800,000  shares of the Company's common stock were  reserved
     for possible issuance under this plan.   There were no stock
     options granted during 2006 and 2005 and there were no stock
     options outstanding at December 31, 2006 or 2005.

     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,  2006  and  2005, there were no preferred  dividends  in
     arrears.


                                  20
<PAGE>


                 WOODSTOCK FINANCIAL GROUP, INC.
             (formerly Raike Financial Group, Inc.)
            Notes to Financial Statements, continued

(6)  Shareholders' Equity, continued
     -------------------------------
     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  2006
     and  2005, the Company contributed approximately $8,000  and
     $5,000, 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, 2006


Computation of Net Capital:
--------------------------
Total shareholders' equity                            $ 1,609,410
Non-allowable assets                                     (343,769)
                                                      -----------

Tentative net capital                                   1,265,641
Haircuts                                                        -
                                                      -----------

Net capital                                             1,265,641

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

Excess net capital                                    $ 1,165,641
                                                      ===========
Aggregate Indebtedness to Net Capital Ratio:
-------------------------------------------
Aggregate indebtedness                                $   493,514
                                                      ===========

Net capital                                           $ 1,265,641
                                                      ===========

Ratio                                                   0.39 to 1
                                                      ===========


There was no significant difference between net capital as
computed by the Company (included in Part II of its FOCUS
report as of December 31, 2006) and the amount computed above.








                                  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.

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.


NAME                       AGE     POSITION

William  J. Raike, III     48      Chairman, President
and CEO

Melissa  L. Whitley        30      Treasurer, CFO and Director

Morris L. Brunson          67      Director

William D. Bertsche        62      Director

Christopher Casdia         37      COO and Director

Geoffrey T. Chalmers       71      Director

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  Raike  Financial  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.


     Christopher Casdia, COO and Director

Mr. Casdia is Woodstock Financial Group's Chief Operating Officer
with  responsibility for achieving short and long-term  financial
and   operational  goals  for  the  Company.   Prior  to  joining
Woodstock  Financial,  Mr. Casdia was the branch  manager  of  an
equity  day-trading firm.  His responsibilities included managing
the  overall  risk  of  equity exposure, educating  and  training
traders,  and branch office profit and loss financial statements.
Prior to this, Mr. Casdia served as Chief Compliance Officer  and
Chief Financial Officer of Barron Chase Securities.  Barron Chase
served a niche market in the investment banking community and had
many  very  successful  Initial Public  Offerings.   With  Barron
Chase, Mr. Casdia was responsible for overall compliance with the
firm policies and the SEC financial reports that are required  of
all broker-dealers.   Mr. Casdia holds an MBA from Kennesaw State
University.


     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, 2006:



NAME OR IDENTITY OF GROUP             TITLE              COMPENSATION

William  J.  Raike,  III   Chairman, President and CEO     $ 328,367
--------------------------------------------------------------------


TOTAL SALARIES FOR THE YEAR 2006 OF OFFICERS
AND DIRECTORS AS A GROUP EXCLUDING W.J. RAIKE          $   132,675
--------------------------------------------------------------------

The total bonus earned in 2006 by Mr. Raike was  $231,606.  Of that
--------------------------------------------------------------------
total bonus, $37,173 was forgiven.
---------------------------------

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, 2006 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.

NAME & ADDRESS                   SHARES OWNED  PERCENT OF CLASS

William J. Raike, III             14,647,000      83.02%

OFFICERS & DIRECTORS AS A GROUP   14,687,000      83.25%









                                  26
<PAGE>


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.


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 years ended December 31, 2006  and
2005,  the  majority shareholder earned a bonus of  $194,433  and
$200,559, respectively.

In  2004,  the  Company entered into an agreement  with  Pea  Pod
Consulting  Inc.,  which is owned by a member  of  the  Company's
Board  of  Directors.  This agreement calls for annual consulting
fees  for  services  related to regulatory compliance  and  other
operational issues totaling $84,000, of which a total of  $84,000
was paid during 2006 and $84,000 was paid during 2005.

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.

                                      2006        2005
                                      ----        ----
         Audit fees                 $ 48,834      46,600
         Audit-related fees                -           -
         Tax fees                          -           -
         All other fees                    -           -
                                    --------    --------
                   Total fees       $ 48,834      46,600
                                    ========    -=======












                                  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 2006 and 2005, 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  2006  and  2005   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 2006  and  2005,
-----------------------------------------------------------------
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 26, 2007


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 26, 2007

/s/ Melissa L. Whitley
-----------------------------
Melissa L. Whitley
Treasurer, Chief Financial Officer and Director
Date:  March 26, 2007


/s/ Christopher Casdia
-----------------------------
Christopher Casdia
Chief Operating Officer and Director
Date:  March 26, 2007


/s/ Morris L. Brunson
-----------------------------
Morris L. Brunson
Director
Date:  March 26, 2007


/s/ William D. Bertsche
-----------------------------
William D. Bertsche
Director
Date:  March 26, 2007


/s/ Geoffrey T. Chalmers
-----------------------------
Geoffrey T. Chalmers
Director
Date:  March 26, 2007




                                  29
<PAGE>