{ "crd_number": 109036, "slug": "first-affirmative-financial-network-llc-colorado-springs-co-109036", "primary_business_name": "FIRST AFFIRMATIVE FINANCIAL NETWORK LLC", "legal_name": "FIRST AFFIRMATIVE FINANCIAL NETWORK LLC", "dbas": [ "FORMATIVE", "FORMATIVE FINANCIAL" ], "city": "Colorado Springs", "state": "CO", "country": "United States", "cbsa_code": "17820", "metro": { "cbsa_code": "17820", "common_name": "Colorado Springs", "msa_name": "Colorado Springs, CO", "path": "/advisors/co/colorado-springs" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1999-06-07", "years_registered": 27, "period": "2026-10-01", "filing_date": "2026-05-22", "carried_forward": false, "raum_total": 905216708.0, "raum_discretionary": 715929855.0, "raum_non_discretionary": 189286853.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 23, "advisory_employees": 12, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 9026986.0, "count": 23 }, "individuals": { "raum": 486355199.0, "count": 995 }, "pension_profit_sharing": { "raum": 4556021.0, "count": 14 }, "high_net_worth_individuals": { "raum": 400443055.0, "count": 1280 }, "corporations_other_businesses": { "raum": 4835447.0, "count": 15 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "periodicals_newsletters", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "CO", "CT", "DC", "FL", "ID", "IL", "IN", "KS", "MA", "MD", "ME", "MI", "MO", "MT", "NC", "NJ", "NM", "NY", "OH", "OR", "PA", "TX", "VA", "WA", "WI" ], "websites": [ "https://facebook.com/FIRSTAFFIRMATIVE", "https://firstaffirmative.com", "https://instagram.com/FIRSTAFFIRMATIVE", "https://linkedin.com/COMPANY/FIRST-AFFIRMATIVE-FINANCIAL-NETWORK", "https://youtube.com/@FIRSTAFFIRMATIVEFINANCIALN3793" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109036", "city_as_filed": "COLORADO SPRINGS", "url": "https://advisorcensus.com/firm/first-affirmative-financial-network-llc-colorado-springs-co-109036", "display_name": "First Affirmative Financial Network LLC", "summary": "First Affirmative Financial Network LLC is an SEC-registered investment advisory firm in Colorado Springs, CO, registered since 1999, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 22, 2026.", "citation": "AdvisorCensus. First Affirmative Financial Network LLC (CRD 109036): 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", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)", "Publication of periodicals or newsletters", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is First Affirmative Financial Network LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), First Affirmative Financial Network LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is First Affirmative Financial Network LLC located?", "a": "First Affirmative Financial Network LLC's principal office is in Colorado Springs, CO, according to its Form ADV; the June 2026 filing also lists 5 other offices (Schedule D, Section 1.F)." }, { "q": "Is First Affirmative Financial Network LLC registered with the SEC or a state?", "a": "First Affirmative Financial Network LLC is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 109036." }, { "q": "How much does First Affirmative Financial Network LLC manage?", "a": "First Affirmative Financial Network LLC reports $905,216,708 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (79% discretionary)." }, { "q": "How have First Affirmative Financial Network LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for First Affirmative Financial Network LLC: Regulatory assets under management: $851,467,170 in the October 2021 data and $905,216,708 in the October 2026 data, up 6%. Total employees: 26 in October 2021 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does First Affirmative Financial Network LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,280); individuals (other than high net worth individuals) (995); charitable organizations (23)." }, { "q": "Which custodians does First Affirmative Financial Network LLC use?", "a": "First Affirmative Financial Network LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Goldman Sachs Custody Solutions (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does First Affirmative Financial Network 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/109036" }, { "q": "What changed in First Affirmative Financial Network LLC's recent Form ADV filings?", "a": "In the June 2026 filing data: Added the business name Formative Financial. Added an office in Walnut Creek, CA. Registered or notice-filed in IN." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 851467170.0, "total_employees": 26, "filing_date": "2021-09-03" }, { "period": "2022-10-01", "regulatory_assets_under_management": 915793020.0, "total_employees": 26, "filing_date": "2022-05-19" }, { "period": "2023-10-01", "regulatory_assets_under_management": 695180179.0, "total_employees": 25, "filing_date": "2023-07-12" }, { "period": "2024-10-01", "regulatory_assets_under_management": 563837798.0, "total_employees": 22, "filing_date": "2024-09-05" }, { "period": "2025-10-01", "regulatory_assets_under_management": 956132091.0, "total_employees": 22, "filing_date": "2025-06-02" }, { "period": "2026-10-01", "regulatory_assets_under_management": 905216708.0, "total_employees": 23, "filing_date": "2026-05-22" } ], "recent_changes": [ { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Added the business name Formative Financial.", "Added an office in Walnut Creek, CA.", "Registered or notice-filed in IN." ] }, { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Added the business name Formative.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 14 to 12.", "Changed its office addresses in Newton, MA.", "Added an office in Lafeyette, CO.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Goldman Sachs Custody Solutions", "name_as_filed": "GOLDMAN SACHS CUSTODY SOLUTIONS", "affiliated": true } ], "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/first-affirmative-financial-network-llc-colorado-springs-co-109036.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 995, "fewer_than_5": false, "raum": 486355199.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 1280, "fewer_than_5": false, "raum": 400443055.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 14, "fewer_than_5": false, "raum": 4556021.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 23, "fewer_than_5": false, "raum": 9026986.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 15, "fewer_than_5": false, "raum": 4835447.0 } ], "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/109036", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }