8-K

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

                                    FORM 8-K


                                  CURRENT REPORT
    Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): September 8, 2004
                                                  --------------------



                         CANTERBURY CONSULTING GROUP, INC.
                        ---------------------------------
             (Exact name of registrant as specified in its charter)



Pennsylvania                        0-15588                   23-2170505
- ------------                   ----------------        ----------------------
State or other jurisdiction    (Commission                (IRS Employer
of incorporation)               File Number)              Identification No.)



352 Stokes Road, Suite 200,  Medford, New Jersey                 08055
- -------------------------------------------------------------------------
(Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code:  (609) 953-0044
                                                   -------------------


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities
    Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
    Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))







ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued
          Listing Rule or Standard; Transfer of Listing

On September 8, 2004 the Nasdaq Stock Market ("Nasdaq") notified Canterbury that
the Company's common stock has not maintained a minimum market value of publicly
held shares ("MVPHS") of $1,000,000 as required for continued inclusion by
Nasdaq's Marketplace Rule 4310(c)(7) (the "Rule").  Therefore, in accordance
with Marketplace Rule 4310(c)(8)(B), the Company will be provided 90 calendar
days, or until December 7, 2004, to regain compliance.  If, at anytime before
December 7, 2004, the MVPHS of the Company's common stock is $1,000,000 or more
for a minimum of 10 consecutive trading days, Nasdaq will provide written
notification that the Company complies with the Rule.  If compliance with
this Rule cannot be demonstrated by December 7, 2004, Nasdaq will provide
written notification that the Company's securities will be delisted.

On June 23, 2004 Nasdaq had notified Canterbury that the bid
price of the Company's common stock had closed below the minimum requirement for
continued inclusion under Marketplace Rule 4310(c)(4), and that in accordance
with Marketplace Rule 4310(c)(8)(D), the Company must regain compliance by
December 20, 2004 or be delisted.


ITEM 9.01. Financial Statements and Exhibits


      (c)  Exhibits



           Number                   Description

            99      Letter to Canterbury Consulting Group, Inc.
                    from The Nasdaq Stock Market dated September 8, 2004


                             SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         CANTERBURY CONSULTING GROUP, INC.

                                         BY: /s/ Kevin J. McAndrew
                                         ----------------------------
                                         Kevin J. McAndrew, President

Dated: September 13, 2004

EX-99

NASDAQ(R)
THE NASDAQ STOCK MARKET
9600 BLACKWELL ROAD, SUITE 300
ROCKVILLE, MD  20850


By Facsimile and First Class Mail
- ----------------------------------

September 8, 2004

Mr. Kevin J. McAndrew
Chief Financial Officer
Canterbury Consulting Group, Inc.
352 Stokes Road, Suite 200
Medford, NJ  08055



RE:     Canterbury Consulting Group, Inc. (the "Company")
        Nasdaq Symbol: CITI


Dear Mr. McAndrew:

For the last 30 consecutive trading days, the Company's common stock has not
maintained a minimum market value of publicly held shares ("MVPHS") of
$1,000,000 as required for continued inclusion by Marketplace Rule 4310(c)(7)
(the "Rule").  Therefore, in accordance with Marketplace Rule 4310(c)(8)(B),
the Company will be provided 90 calendar days, or until December 7, 2004, to
regain compliance.[1]  If, at anytime before December 7, 2004, the MVPHS of the
Company's common stock is $1,000,000 or more for a minimum of 10 consecutive
trading days, Staff will provide written notification that the Company complies
with the Rule.[2]  If compliance with this Rule cannot be demonstrated by
December 7, 2004, Staff will provide written notification that the Company's
securities will be delisted.  At that time, the Company may appeal Staff's
determination to a Listing Qualifications Panel.

Please note that Item 3.01 of Form 8-K requires disclosure of the receipt of
this notification letter within four business days.[3]  Accordingly, the
Company should consult with counsel regarding disclosure obligations
surrounding this letter under the federal securities laws.

If you have any questions, please do not hesitate to contact me
at (301) 978-8027.

Sincerely,

/s/Tom Choe
- ------------
Tom Choe
Senior Analyst
Nasdaq Listing Qualifications


- -----------------------------
[1] The 90 day period relates exclusively to the MVPHS deficiency.  The Company
may be delisted during the 90 day period for failure to maintain compliance with
any other listing requirement for which it is currently on notice or which
occurs during this period.

[2] Under certain circumstances, to ensure that the Company can sustain long-
term compliance, Staff may require that the MVPHS equals $1,000,000 or greater
for more than 10 consecutive trading days before determining that the Company
complies.
[3] See, SEC Release No. 34-49424.