{
  "crd_number": 127549,
  "slug": "essex-financial-services-inc-essex-ct-127549",
  "primary_business_name": "ESSEX FINANCIAL SERVICES, INC.",
  "legal_name": "ESSEX FINANCIAL SERVICES, INC.",
  "dbas": [
    "ESSEX FINANCIAL"
  ],
  "city": "Essex",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "25540",
  "metro": {
    "cbsa_code": "25540",
    "common_name": "Hartford",
    "msa_name": "Hartford-West Hartford-East Hartford, CT",
    "path": "/advisors/ct/hartford"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-08-07",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-08-25",
  "carried_forward": false,
  "raum_total": 4169984114.0,
  "raum_discretionary": 3247330333.0,
  "raum_non_discretionary": 922653781.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 46,
  "advisory_employees": 42,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 104290493.0,
      "count": 60
    },
    "individuals": {
      "raum": 580806775.0,
      "count": 1885
    },
    "state_municipal": {
      "raum": 5471894.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 565276917.0,
      "count": 108
    },
    "high_net_worth_individuals": {
      "raum": 2870661046.0,
      "count": 895
    },
    "corporations_other_businesses": {
      "raum": 43476989.0,
      "count": 15
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "IL",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "NC",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OR",
    "PA",
    "RI",
    "SC",
    "TN",
    "TX",
    "VA",
    "VT",
    "WA"
  ],
  "websites": [
    "https://essex.financial",
    "https://essexfinancialservices.com",
    "https://essexfinancialservices.net",
    "https://linkedin.com/company/essex-financial-services-inc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/127549",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "ESSEX",
  "url": "https://advisorcensus.com/firm/essex-financial-services-inc-essex-ct-127549",
  "display_name": "Essex Financial Services, Inc.",
  "summary": "Essex Financial Services, Inc. is an SEC-registered investment advisory firm in Essex, CT, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 25, 2026.",
  "citation": "AdvisorCensus. Essex Financial Services, Inc. (CRD 127549): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Essex Financial Services, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Essex Financial Services, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Essex Financial Services, Inc.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Essex Financial Services, Inc. located?",
      "a": "Essex Financial Services, Inc.'s principal office is in Essex, CT, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Essex Financial Services, Inc. registered with the SEC or a state?",
      "a": "Essex Financial Services, Inc. is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 127549."
    },
    {
      "q": "How much does Essex Financial Services, Inc. manage?",
      "a": "Essex Financial Services, Inc. reports $4,169,984,114 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (78% discretionary)."
    },
    {
      "q": "How have Essex Financial Services, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Essex Financial Services, Inc.: Regulatory assets under management: $2,272,726,892 in the October 2021 data and $4,169,984,114 in the October 2026 data, up 83%. Total employees: 41 in October 2021 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Essex Financial Services, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,885); high net worth individuals (895); pension and profit sharing plans (but not the plan participants or government pension plans) (108)."
    },
    {
      "q": "Which custodians does Essex Financial Services, Inc. use?",
      "a": "Essex Financial Services, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Essex Financial Services, Inc. report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/127549"
    },
    {
      "q": "Does Essex Financial Services, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 says: \"Essex Financial generally requires a minimum account size of $250,000 to effectively implement its investment process. The account minimum may be waived at the sole discretion of the Advisor.\""
    },
    {
      "q": "What changed in Essex Financial Services, Inc.'s recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2272726892.0,
      "total_employees": 41,
      "filing_date": "2021-09-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3084924290.0,
      "total_employees": 39,
      "filing_date": "2021-12-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2771901777.0,
      "total_employees": 41,
      "filing_date": "2023-01-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3383035717.0,
      "total_employees": 41,
      "filing_date": "2024-08-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3774949288.0,
      "total_employees": 45,
      "filing_date": "2025-06-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 4169984114.0,
      "total_employees": 46,
      "filing_date": "2026-08-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Item 11 disclosure answers changed: 3 yes answers, previously 5 (now no: 11.D(2), 11.D(4))."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 43 to 42.",
        "Regulatory assets under management went from $3,774,949,288 to $4,169,984,114 (+10%)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 25, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.5% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": "$250,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Investment advisory fees range from 0.50% to 1.50% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $250,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Essex Financial generally requires a minimum account size of $250,000 to effectively implement its investment process. The account minimum may be waived at the sole discretion of the Advisor."
        ]
      }
    ],
    "quotes": [
      "Investment advisory fees range from 0.50% to 1.50% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.",
      "Essex Financial generally requires a minimum account size of $250,000 to effectively implement its investment process. The account minimum may be waived at the sole discretion of the Advisor."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/essex-financial-services-inc-essex-ct-127549.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1885,
      "fewer_than_5": false,
      "raum": 580806775.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 895,
      "fewer_than_5": false,
      "raum": 2870661046.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 108,
      "fewer_than_5": false,
      "raum": 565276917.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 60,
      "fewer_than_5": false,
      "raum": 104290493.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 5471894.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 15,
      "fewer_than_5": false,
      "raum": 43476989.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/127549",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}