# Copper Financial

> Copper Financial is an SEC-registered investment advisory firm in Lenexa, KS, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 3, 2026.

- CRD: 168203
- Filed as: COPPER FINANCIAL
- Legal name: Copper Financial Network, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lenexa, KS
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168203
- AdvisorCensus page: https://advisorcensus.com/firm/copper-financial-lenexa-ks-168203

## Quick answers

**How is Copper Financial compensated?**
On its Form ADV (Item 5.E, October 2026), Copper Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Copper Financial's brochure say about its fees?**
Its Form ADV Part 2A brochure dated August 7, 2026 states: Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Copper Financial located?**
Copper Financial's principal office is in Lenexa, KS, according to its Form ADV; the October 2026 filing also lists 20 other offices (Schedule D, Section 1.F).

**Is Copper Financial registered with the SEC or a state?**
Copper Financial is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 168203.

**How much does Copper Financial manage?**
Copper Financial reports $410,682,447 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (100% discretionary).

**How have Copper Financial's assets and staff changed since 2021?**
In the Form ADV data for Copper Financial: Regulatory assets under management: $151,162,159 in the October 2021 data and $410,682,447 in the October 2026 data, up 172%. Total employees: 39 in October 2021 and 50 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Copper Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,135); high net worth individuals (30).

**Which custodians does Copper Financial use?**
Copper Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Apex Clearing Corporation and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Copper Financial 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/168203

**What changed in Copper Financial's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated August 7, 2026)

- Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states)

> The maximum annual fee on any TPMA account is 2.5% of assets under management.

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

### Custodians (Schedule D, Section 5.K(3))
- Apex Clearing Corporation
- Pershing LLC

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: $410,682,447
- Discretionary: $410,682,447
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4,135 | $366,005,958 |
| High net worth individuals | 30 | $44,676,489 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | Fewer than 5 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2015 (11 years)
- Employees: 50 total, 44 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AR, AZ, CA, CO, CT, DC, FL, GA, IA, IL, KS, LA, MA, MD, MN, MO, NC, NE, NJ, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Blue Springs, MO
- Davis, CA
- Excelsior Springs, MO
- Grandview, MO
- Independence, MO
- Kansas City, KS
- Kansas City, MO
- Leavenworth, KS
- Leawood, KS
- Lee'S Summit, MO
- Los Angeles, CA
- New York, NY
- Oklahoma City, OK
- Olathe, KS
- Overland Park, KS
- Pleasant Valley, MO
- Raymore, MO
- Shawnee, KS
- St Louis, MO
- Zachary, LA

### Websites listed on Form ADV (Item 1.I)
- communityamerica.com/FINANCIAL-PLANNING
- cu.financial
- Facebook @SpecialNeedsPlanningCenter
- LinkedIn @copper-financial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $151,162,159 | 39 | August 10, 2021 |
| October 2022 | $294,345,172 | 46 | April 15, 2022 |
| October 2023 | $275,772,959 | 50 | September 16, 2023 |
| October 2024 | $306,448,486 | 56 | September 6, 2024 |
| October 2025 | $346,070,238 | 50 | July 30, 2025 |
| October 2026 | $410,682,447 | 50 | September 3, 2026 |

Regulatory assets under management: $151,162,159 in the October 2021 data and $410,682,447 in the October 2026 data, up 172%.
Total employees: 39 in October 2021 and 50 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 41 to 44.
- Regulatory assets under management went from $346,070,238 to $410,682,447 (+19%).
- Added an office in Davis, CA.
- Added an office in St Louis, MO.
- No longer lists an office in Bridgeton, MO.

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Copper Financial (CRD 168203): Form ADV filing data as of October 2026.