# First Affirmative Financial Network LLC

> 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.

- CRD: 109036
- Filed as: FIRST AFFIRMATIVE FINANCIAL NETWORK LLC
- Also doing business as: FORMATIVE, FORMATIVE FINANCIAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Colorado Springs, CO
- Filing period: October 2026
- Form ADV filing dated: May 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109036
- AdvisorCensus page: https://advisorcensus.com/firm/first-affirmative-financial-network-llc-colorado-springs-co-109036

## Quick answers

**How is First Affirmative Financial Network LLC compensated?**
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.

**Where is First Affirmative Financial Network LLC located?**
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).

**Is First Affirmative Financial Network LLC registered with the SEC or a state?**
First Affirmative Financial Network LLC is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 109036.

**How much does First Affirmative Financial Network LLC manage?**
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).

**How have First Affirmative Financial Network LLC's assets and staff changed since 2021?**
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.

**What types of clients does First Affirmative Financial Network LLC serve?**
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).

**Which custodians does First Affirmative Financial Network LLC use?**
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.

**Does First Affirmative Financial Network LLC report any disciplinary disclosures?**
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

**What changed in First Affirmative Financial Network LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Goldman Sachs Custody Solutions (affiliated with the firm)

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.

### Regulatory assets under management (Item 5.F)
- Total: $905,216,708
- Discretionary: $715,929,855
- Non-discretionary: $189,286,853

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 995 | $486,355,199 |
| High net worth individuals | 1,280 | $400,443,055 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 14 | $4,556,021 |
| Charitable organizations | 23 | $9,026,986 |
| Corporations or other businesses not listed above | 15 | $4,835,447 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1999 (27 years)
- Employees: 23 total, 12 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Colorado Springs, CO
- Lafeyette, CO
- Newton, MA
- Walnut Creek, CA
- Westport, CT

### Websites listed on Form ADV (Item 1.I)
- [firstaffirmative.com](https://firstaffirmative.com)
- Facebook @FIRSTAFFIRMATIVE
- Instagram @FIRSTAFFIRMATIVE
- LinkedIn @FIRST-AFFIRMATIVE-FINANCIAL-NETWORK
- YouTube @FIRSTAFFIRMATIVEFINANCIALN3793

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $851,467,170 | 26 | September 3, 2021 |
| October 2022 | $915,793,020 | 26 | May 19, 2022 |
| October 2023 | $695,180,179 | 25 | July 12, 2023 |
| October 2024 | $563,837,798 | 22 | September 5, 2024 |
| October 2025 | $956,132,091 | 22 | June 2, 2025 |
| October 2026 | $905,216,708 | 23 | May 22, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Added the business name Formative Financial.
- Added an office in Walnut Creek, CA.
- Registered or notice-filed in IN.

### May 2026
- Added the business name Formative.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Affirmative Financial Network LLC (CRD 109036): Form ADV filing data as of October 2026.