{
  "crd_number": 317979,
  "slug": "armada-etfs-novi-mi-317979",
  "primary_business_name": "ARMADA ETFS",
  "legal_name": "ARMADA ETF ADVISORS LLC",
  "dbas": [
    "ARMADA ETF ADVISORS LLC"
  ],
  "city": "Novi",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "19820",
  "metro": {
    "cbsa_code": "19820",
    "common_name": "Detroit",
    "msa_name": "Detroit-Warren-Dearborn, MI",
    "path": "/advisors/mi/detroit"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-01-20",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-08-04",
  "carried_forward": false,
  "raum_total": 10170000.0,
  "raum_discretionary": 10170000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 10170000.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MI"
  ],
  "websites": [
    "https://armadaetfs.com",
    "https://armadainvestors.com",
    "https://linkedin.com/company/armada-etf-advisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/317979",
  "city_as_filed": "NOVI",
  "url": "https://advisorcensus.com/firm/armada-etfs-novi-mi-317979",
  "display_name": "Armada ETFS",
  "summary": "Armada ETFS is an SEC-registered investment advisory firm in Novi, MI, registered since 2022, reporting under $25 million in regulatory assets under management in its Form ADV filing dated August 4, 2026.",
  "citation": "AdvisorCensus. Armada ETFS (CRD 317979): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Armada ETFS compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Armada ETFS reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Armada ETFS located?",
      "a": "Armada ETFS' principal office is in Novi, MI, according to its Form ADV."
    },
    {
      "q": "Is Armada ETFS registered with the SEC or a state?",
      "a": "Armada ETFS is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 317979."
    },
    {
      "q": "How much does Armada ETFS manage?",
      "a": "Armada ETFS reports $10,170,000 in regulatory assets under management in its Form ADV filing dated August 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have Armada ETFS' assets and staff changed since 2022?",
      "a": "In the Form ADV data for Armada ETFS: Regulatory assets under management: $0 in the October 2022 data and $10,170,000 in the October 2026 data. Total employees: 3 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Armada ETFS serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (2)."
    },
    {
      "q": "Does Armada ETFS report any disciplinary disclosures?",
      "a": "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/317979"
    },
    {
      "q": "What changed in Armada ETFS' recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 3,
      "filing_date": "2022-09-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3779530.0,
      "total_employees": 3,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 5490000.0,
      "total_employees": 2,
      "filing_date": "2024-05-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 11100000.0,
      "total_employees": 2,
      "filing_date": "2025-04-04"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 10170000.0,
      "total_employees": 1,
      "filing_date": "2026-08-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 2 to 1.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/armada-etfs-novi-mi-317979.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 10170000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/317979",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}