{
  "crd_number": 117442,
  "slug": "financial-management-advisors-inc-tullahoma-tn-117442",
  "primary_business_name": "FINANCIAL MANAGEMENT ADVISORS, INC.",
  "legal_name": "FINANCIAL MANAGEMENT ADVISORS, INC.",
  "dbas": [],
  "city": "Tullahoma",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "46100",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-11-29",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-02-24",
  "carried_forward": false,
  "raum_total": 149900000.0,
  "raum_discretionary": 80600000.0,
  "raum_non_discretionary": 69300000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 19500000.0,
      "count": 488
    },
    "pension_profit_sharing": {
      "raum": 69300000.0,
      "count": 5
    },
    "high_net_worth_individuals": {
      "raum": 61100000.0,
      "count": 32
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TN"
  ],
  "websites": [
    "https://financialmanagementadvisors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/117442",
  "city_as_filed": "TULLAHOMA",
  "url": "https://advisorcensus.com/firm/financial-management-advisors-inc-tullahoma-tn-117442",
  "display_name": "Financial Management Advisors, Inc.",
  "summary": "Financial Management Advisors, Inc. is an SEC-registered investment advisory firm in Tullahoma, TN, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 24, 2026.",
  "citation": "AdvisorCensus. Financial Management Advisors, Inc. (CRD 117442): 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"
  ],
  "quick_answers": [
    {
      "q": "How is Financial Management Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Financial Management Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Financial Management Advisors, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated February 24, 2026 states: Hourly rate: $150 to $400 an hour (special projects including Financial Planning for Client, Family or…); Flat fee: $10,000 (review an Oil and Gas Development Company that has an offering memorandum…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Financial Management Advisors, Inc. located?",
      "a": "Financial Management Advisors, Inc.'s principal office is in Tullahoma, TN, according to its Form ADV."
    },
    {
      "q": "Is Financial Management Advisors, Inc. registered with the SEC or a state?",
      "a": "Financial Management Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 117442."
    },
    {
      "q": "How much does Financial Management Advisors, Inc. manage?",
      "a": "Financial Management Advisors, Inc. reports $149,900,000 in regulatory assets under management in its Form ADV filing dated February 24, 2026 (54% discretionary)."
    },
    {
      "q": "How have Financial Management Advisors, Inc.'s assets and staff changed since 2022?",
      "a": "In the Form ADV data for Financial Management Advisors, Inc.: Regulatory assets under management: $112,200,000 in the October 2022 data and $149,900,000 in the October 2026 data, up 34%. Total employees: 2 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 Financial Management Advisors, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (488); high net worth individuals (32); pension and profit sharing plans (but not the plan participants or government pension plans) (5)."
    },
    {
      "q": "Does Financial Management Advisors, Inc. 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/117442"
    },
    {
      "q": "What changed in Financial Management Advisors, Inc.'s recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $132,700,000 to $149,900,000 (+13%)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 112200000.0,
      "total_employees": 2,
      "filing_date": "2022-03-14"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 100400000.0,
      "total_employees": 2,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 113200000.0,
      "total_employees": 2,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 132700000.0,
      "total_employees": 1,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 149900000.0,
      "total_employees": 1,
      "filing_date": "2026-02-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $132,700,000 to $149,900,000 (+13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 24, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $150 to $400 an hour (special projects including Financial Planning for Client, Family or…)",
      "Flat fee: $10,000 (review an Oil and Gas Development Company that has an offering memorandum…)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $150 to $400 an hour (special projects including Financial Planning for Client, Family or…)"
        ],
        "quotes": [
          "Hourly fees usually range from $150 to a maximum rate of $400 per hour depending on the complexity of the research required."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $10,000 (review an Oil and Gas Development Company that has an offering memorandum…)"
        ],
        "quotes": [
          "the client engages the Advisor for a flat fee of $10,000.00 for the project, instead of running an hourly tab at $250.00 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 150.0,
          "max": 400.0,
          "period": "hour",
          "service": "special projects including Financial Planning for Client, Family or Business, Education Research for College Funding Opt"
        },
        {
          "kind": "flat",
          "amount": 10000.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "review an Oil and Gas Development Company that has an offering memorandum for a new Limited Partnership Series"
        }
      ]
    },
    "quotes": [
      "Hourly fees usually range from $150 to a maximum rate of $400 per hour depending on the complexity of the research required.",
      "the client engages the Advisor for a flat fee of $10,000.00 for the project, instead of running an hourly tab at $250.00 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/financial-management-advisors-inc-tullahoma-tn-117442.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 488,
      "fewer_than_5": false,
      "raum": 19500000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 32,
      "fewer_than_5": false,
      "raum": 61100000.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 69300000.0
    }
  ],
  "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/117442",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}