# Fencl Advisory Services, LLC

> Fencl Advisory Services, LLC is a state-registered investment advisory firm in Cedar Falls, IA, registered since 2000, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 28, 2026.

- CRD: 115904
- Filed as: FENCL ADVISORY SERVICES, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Cedar Falls, IA
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/115904
- AdvisorCensus page: https://advisorcensus.com/firm/fencl-advisory-services-llc-cedar-falls-ia-115904

## Quick answers

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

**Where is Fencl Advisory Services, LLC located?**
Fencl Advisory Services, LLC's principal office is in Cedar Falls, IA, according to its Form ADV.

**Is Fencl Advisory Services, LLC registered with the SEC or a state?**
Fencl Advisory Services, LLC is a state-registered investment advisory firm, registered since 2000. Status as filed: APPROVED. CRD 115904.

**How much does Fencl Advisory Services, LLC manage?**
Fencl Advisory Services, LLC reports $101,500,000 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (100% discretionary).

**What types of clients does Fencl Advisory Services, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (108); high net worth individuals (72).

**Does Fencl Advisory Services, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/115904

**What changed in Fencl Advisory Services, LLC's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in LA.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $101,500,000
- Discretionary: $101,500,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 108 | $36,500,000 |
| High net worth individuals | 72 | $65,000,000 |

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

### Firm details
- Registered since: 2000 (26 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IA, LA, MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fencl Advisory Services, LLC (CRD 115904): Form ADV filing data as of October 2026.