{
  "crd_number": 116570,
  "slug": "financial-security-management-inc-lakewood-co-116570",
  "primary_business_name": "FINANCIAL SECURITY MANAGEMENT, INC",
  "legal_name": "FINANCIAL SECURITY MANAGEMENT, INC",
  "dbas": [],
  "city": "Lakewood",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "19740",
  "metro": {
    "cbsa_code": "19740",
    "common_name": "Denver",
    "msa_name": "Denver-Aurora-Centennial, CO",
    "path": "/advisors/co/denver"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-03-16",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-05-21",
  "carried_forward": false,
  "raum_total": 611525004.0,
  "raum_discretionary": 611525004.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 291357255.0,
      "count": 973
    },
    "high_net_worth_individuals": {
      "raum": 320167749.0,
      "count": 129
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "KS",
    "LA",
    "MA",
    "ME",
    "MN",
    "MO",
    "MT",
    "NC",
    "NE",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "TN",
    "TX",
    "VA",
    "WA",
    "WY"
  ],
  "websites": [
    "https://fsm-inc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/116570",
  "city_as_filed": "LAKEWOOD",
  "url": "https://advisorcensus.com/firm/financial-security-management-inc-lakewood-co-116570",
  "display_name": "Financial Security Management, Inc",
  "summary": "Financial Security Management, Inc is an SEC-registered investment advisory firm in Lakewood, CO, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 21, 2026.",
  "citation": "AdvisorCensus. Financial Security Management, Inc (CRD 116570): 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"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Financial Security Management, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Financial Security Management, Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "Where is Financial Security Management, Inc located?",
      "a": "Financial Security Management, Inc's principal office is in Lakewood, CO, according to its Form ADV."
    },
    {
      "q": "Is Financial Security Management, Inc registered with the SEC or a state?",
      "a": "Financial Security Management, Inc is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 116570."
    },
    {
      "q": "How much does Financial Security Management, Inc manage?",
      "a": "Financial Security Management, Inc reports $611,525,004 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (100% discretionary)."
    },
    {
      "q": "How have Financial Security Management, Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Financial Security Management, Inc: Regulatory assets under management: $333,127,278 in the October 2021 data and $611,525,004 in the October 2026 data, up 84%. Total employees: 10 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Financial Security Management, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (973); high net worth individuals (129)."
    },
    {
      "q": "Which custodians does Financial Security Management, Inc use?",
      "a": "Financial Security Management, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Financial Security Management, 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/116570"
    },
    {
      "q": "What changed in Financial Security Management, Inc's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Registered or notice-filed in MO."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 333127278.0,
      "total_employees": 10,
      "filing_date": "2021-01-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 416316640.0,
      "total_employees": 8,
      "filing_date": "2022-09-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 365463709.0,
      "total_employees": 8,
      "filing_date": "2023-06-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 439444621.0,
      "total_employees": 8,
      "filing_date": "2024-09-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 556022719.0,
      "total_employees": 8,
      "filing_date": "2025-06-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 611525004.0,
      "total_employees": 7,
      "filing_date": "2026-05-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in MO."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 7.",
        "Registered or notice-filed in MA, MN."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in TN."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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-security-management-inc-lakewood-co-116570.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 973,
      "fewer_than_5": false,
      "raum": 291357255.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 129,
      "fewer_than_5": false,
      "raum": 320167749.0
    }
  ],
  "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/116570",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}