# Affiliated Financial Advisors Inc

> Affiliated Financial Advisors Inc is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2000, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 27, 2026.

- CRD: 108154
- Filed as: AFFILIATED FINANCIAL ADVISORS INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Milwaukee, WI
- Filing period: October 2026
- Form ADV filing dated: February 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108154
- AdvisorCensus page: https://advisorcensus.com/firm/affiliated-financial-advisors-inc-milwaukee-wi-108154

## Quick answers

**How is Affiliated Financial Advisors Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Affiliated Financial Advisors Inc reports these compensation arrangements: a percentage of assets under its management.

**Where is Affiliated Financial Advisors Inc located?**
Affiliated Financial Advisors Inc's principal office is in Milwaukee, WI, according to its Form ADV.

**Is Affiliated Financial Advisors Inc registered with the SEC or a state?**
Affiliated Financial Advisors Inc is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 108154.

**How much does Affiliated Financial Advisors Inc manage?**
Affiliated Financial Advisors Inc reports $541,478,694 in regulatory assets under management in its Form ADV filing dated February 27, 2026 (0% discretionary).

**How have Affiliated Financial Advisors Inc's assets and staff changed since 2021?**
In the Form ADV data for Affiliated Financial Advisors Inc: Regulatory assets under management: $315,413,332 in the October 2021 data and $541,478,694 in the October 2026 data, up 72%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Affiliated Financial Advisors Inc serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (720); high net worth individuals (178).

**Which custodians does Affiliated Financial Advisors Inc use?**
Affiliated Financial Advisors Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Affiliated Financial Advisors Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108154

**Does Affiliated Financial Advisors Inc state an account minimum?**
Its Form ADV Part 2A brochure dated February 27, 2026 says: "AFA does not require a minimum to open or maintain an account."

**What changed in Affiliated Financial Advisors Inc's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $462,110,856 to $541,478,694 (+17%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 27, 2026)

- Account minimum: None

> AFA does not require a minimum to open or maintain an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $541,478,694
- Discretionary: $0
- Non-discretionary: $541,478,694

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 720 | $169,886,546 |
| High net worth individuals | 178 | $371,592,148 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2000 (26 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, IL, MA, MD, MI, MN, NC, NH, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- affiliatedfa.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $315,413,332 | 4 | March 26, 2021 |
| October 2022 | $385,547,783 | 4 | March 22, 2022 |
| October 2023 | $340,635,577 | 4 | March 24, 2023 |
| October 2024 | $404,483,156 | 4 | March 28, 2024 |
| October 2025 | $462,110,856 | 4 | March 28, 2025 |
| October 2026 | $541,478,694 | 4 | February 27, 2026 |

Regulatory assets under management: $315,413,332 in the October 2021 data and $541,478,694 in the October 2026 data, up 72%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $462,110,856 to $541,478,694 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Affiliated Financial Advisors Inc (CRD 108154): Form ADV filing data as of October 2026.