AdvisorCensus / Financial advisors / Rhode Island / Providence / First Financial Advisory Services Inc
First Financial Advisory Services Inc
Filed as FIRST FINANCIAL ADVISORY SERVICES INC
First Financial Advisory Services Inc is an SEC-registered investment advisory firm in Westerly, RI, registered since 1984, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 21, 2026.
Quick answers
From the filingHow is First Financial Advisory Services Inc compensated?
On its Form ADV (Item 5.E, October 2026), First Financial Advisory Services Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions.
Where is First Financial Advisory Services Inc located?
First Financial Advisory Services Inc's principal office is in Westerly, RI, according to its Form ADV.
Is First Financial Advisory Services Inc registered with the SEC or a state?
First Financial Advisory Services Inc is an SEC-registered investment advisory firm, registered since 1984. Status as filed: Approved. CRD 105031.
How much does First Financial Advisory Services Inc manage?
First Financial Advisory Services Inc reports $278,038,908 in regulatory assets under management in its Form ADV filing dated April 21, 2026 (0% discretionary).
How have First Financial Advisory Services Inc's assets and staff changed since 2021?
In the Form ADV data for First Financial Advisory Services Inc: Regulatory assets under management: $208,627,048 in the October 2021 data and $278,038,908 in the October 2026 data, up 33%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does First Financial Advisory Services Inc serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (440); high net worth individuals (76); charitable organizations (5).
Which custodians does First Financial Advisory Services Inc use?
First Financial Advisory Services Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.
Does First Financial Advisory Services Inc 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/105031
What changed in First Financial Advisory Services Inc's recent Form ADV filings?
In the May 2026 filing data: Added the business name FAR Flung Change.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Commissions
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated April 21, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$278,038,908 as of October 2026, filing dated April 21, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Also doing business as
- FAR FLUNG CHANGE
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1984 (42 years)
- Employees
- Total: 7. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
17 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $278,038,908 | 7 | April 21, 2026 |
| October 2025 | $250,037,412 | 6 | March 19, 2025 |
| October 2024 | $224,998,015 | 6 | March 29, 2024 |
| October 2023 | $198,000,900 | 6 | March 31, 2023 |
| October 2022 | $244,662,912 | 6 | June 7, 2022 |
| October 2021 | $208,627,048 | 6 | March 31, 2021 |
Regulatory assets under management: $208,627,048 in the October 2021 data and $278,038,908 in the October 2026 data, up 33%.
Total employees: 6 in October 2021 and 7 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- May 2026
- Added the business name FAR Flung Change.
- April 2026
- Employees performing advisory functions went from 6 to 7.
- Regulatory assets under management went from $250,037,412 to $278,038,908 (+11%).
- Registered or notice-filed in LA.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. First Financial Advisory Services Inc (CRD 105031): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/first-financial-advisory-services-inc-westerly-ri-105031