{
  "crd_number": 145269,
  "slug": "financial-institution-services-llc-145269",
  "primary_business_name": "FINANCIAL INSTITUTION SERVICES, LLC",
  "legal_name": "FINANCIAL INSTITUTION SERVICES, LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-06-27",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-04-07",
  "carried_forward": false,
  "raum_total": 258694487.0,
  "raum_discretionary": 258694487.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 121976024.0,
      "count": 282
    },
    "high_net_worth_individuals": {
      "raum": 136718463.0,
      "count": 50
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "MI",
    "MN",
    "NV",
    "TX"
  ],
  "websites": [
    "https://advicefam.com",
    "https://instagram.com/fis___online",
    "https://linkedin.com/in/hannahshink"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145269",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/financial-institution-services-llc-145269",
  "display_name": "Financial Institution Services, LLC",
  "summary": "Financial Institution Services, LLC is an SEC-registered investment advisory firm, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 7, 2026.",
  "citation": "AdvisorCensus. Financial Institution Services, LLC (CRD 145269): 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 individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Financial Institution Services, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Financial Institution Services, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Is Financial Institution Services, LLC registered with the SEC or a state?",
      "a": "Financial Institution Services, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 145269."
    },
    {
      "q": "How much does Financial Institution Services, LLC manage?",
      "a": "Financial Institution Services, LLC reports $258,694,487 in regulatory assets under management in its Form ADV filing dated April 7, 2026 (100% discretionary)."
    },
    {
      "q": "How have Financial Institution Services, LLC's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Financial Institution Services, LLC: Regulatory assets under management: $138,157,022 in the October 2022 data and $258,694,487 in the October 2026 data, up 87%. Total employees: 3 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Financial Institution Services, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (282); high net worth individuals (50)."
    },
    {
      "q": "Which custodians does Financial Institution Services, LLC use?",
      "a": "Financial Institution Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Financial Institution Services, LLC 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/145269"
    },
    {
      "q": "What changed in Financial Institution Services, LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $220,446,328 to $258,694,487 (+17%)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 138157022.0,
      "total_employees": 3,
      "filing_date": "2022-05-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 141917858.0,
      "total_employees": 2,
      "filing_date": "2023-04-19"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 173199010.0,
      "total_employees": 2,
      "filing_date": "2024-02-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 220446328.0,
      "total_employees": 3,
      "filing_date": "2025-03-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 258694487.0,
      "total_employees": 4,
      "filing_date": "2026-04-07"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $220,446,328 to $258,694,487 (+17%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES 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/financial-institution-services-llc-145269.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 282,
      "fewer_than_5": false,
      "raum": 121976024.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 50,
      "fewer_than_5": false,
      "raum": 136718463.0
    }
  ],
  "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/145269",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}