{ "crd_number": 109037, "slug": "financial-network-specialists-llc-109037", "primary_business_name": "FINANCIAL NETWORK SPECIALISTS LLC", "legal_name": "FINANCIAL NETWORK SPECIALISTS LLC", "dbas": [], "city": null, "state": null, "country": null, "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2025-03-10", "years_registered": 1, "period": "2026-10-01", "filing_date": "2026-02-04", "carried_forward": false, "raum_total": 129772831.0, "raum_discretionary": 108762301.0, "raum_non_discretionary": 21010530.0, "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": { "high_net_worth_individuals": { "raum": 129772831.0, "count": 36 } }, "compensation_types": [ "fixed" ], "advisory_activities": [ "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 5, "states_registered": [ "CO" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109037", "disclosure_items": [ { "item": "11.D(1)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(3)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.D(5)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?" } ], "city_as_filed": null, "url": "https://advisorcensus.com/firm/financial-network-specialists-llc-109037", "display_name": "Financial Network Specialists LLC", "summary": "Financial Network Specialists LLC is an SEC-registered investment advisory firm, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 4, 2026.", "citation": "AdvisorCensus. Financial Network Specialists LLC (CRD 109037): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Financial Network Specialists LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Financial Network Specialists LLC reports these compensation arrangements: fixed fees (other than subscription fees)." }, { "q": "Is Financial Network Specialists LLC registered with the SEC or a state?", "a": "Financial Network Specialists LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 109037." }, { "q": "How much does Financial Network Specialists LLC manage?", "a": "Financial Network Specialists LLC reports $129,772,831 in regulatory assets under management in its Form ADV filing dated February 4, 2026 (84% discretionary)." }, { "q": "How have Financial Network Specialists LLC's assets and staff changed since 2025?", "a": "In the Form ADV data for Financial Network Specialists LLC: Regulatory assets under management: $115,174,403 in the October 2025 data and $129,772,831 in the October 2026 data, up 13%. Total employees: 1 in October 2025 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 Network Specialists LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (36)." }, { "q": "Which custodians does Financial Network Specialists LLC use?", "a": "Financial Network Specialists LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Financial Network Specialists LLC report any disciplinary disclosures?", "a": "Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), 11.D(3) (another regulator's finding of causing a business's authorization to be denied, suspended, revoked, or restricted), 11.D(4) (another regulator's order in the past ten years), and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). 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/109037" }, { "q": "Does Financial Network Specialists LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated February 4, 2026 says: \"FNS does not have a minimum account size.\"" }, { "q": "What changed in Financial Network Specialists LLC's recent Form ADV filings?", "a": "In the March 2026 filing data: Regulatory assets under management went from $115,174,403 to $129,772,831 (+13%)." } ], "filing_history": [ { "period": "2025-10-01", "regulatory_assets_under_management": 115174403.0, "total_employees": 1, "filing_date": "2025-03-04" }, { "period": "2026-10-01", "regulatory_assets_under_management": 129772831.0, "total_employees": 1, "filing_date": "2026-02-04" } ], "recent_changes": [ { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Regulatory assets under management went from $115,174,403 to $129,772,831 (+13%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated February 4, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "FNS does not have a minimum account size." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "FNS does not have a minimum account size." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Interactive Brokers LLC", "name_as_filed": "INTERACTIVE BROKERS 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-network-specialists-llc-109037.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 36, "fewer_than_5": false, "raum": 129772831.0 } ], "disclosure_line": "Reports 5 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/109037", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }