# First Step Wealth Planning

> First Step Wealth Planning is an SEC-registered investment advisory firm, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated August 11, 2026.

- CRD: 317527
- Filed as: FIRST STEP WEALTH PLANNING
- Legal name: First Step Wealth Planning, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/317527
- AdvisorCensus page: https://advisorcensus.com/firm/first-step-wealth-planning-317527

## Quick answers

**How is First Step Wealth Planning compensated?**
On its Form ADV (Item 5.E, October 2026), First Step Wealth Planning reports these compensation arrangements: fixed fees (other than subscription fees).

**Is First Step Wealth Planning registered with the SEC or a state?**
First Step Wealth Planning is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 317527.

**How much does First Step Wealth Planning manage?**
First Step Wealth Planning reports $31,285,253 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (100% discretionary).

**How have First Step Wealth Planning's assets and staff changed since 2025?**
In the Form ADV data for First Step Wealth Planning: Regulatory assets under management: $26,442,770 in the October 2025 data and $31,285,253 in the October 2026 data, up 18%. 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.

**What types of clients does First Step Wealth Planning serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (10); individuals (other than high net worth individuals) (9).

**Which custodians does First Step Wealth Planning use?**
First Step Wealth Planning'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.

**Does First Step Wealth Planning 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/317527

**Does First Step Wealth Planning state an account minimum?**
Its Form ADV Part 2A brochure dated August 11, 2026 says: "We do not have a minimum account size requirement."

**What changed in First Step Wealth Planning's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $26,442,770 to $31,285,253 (+18%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated August 11, 2026)

- Account minimum: None

> We do not have a minimum account size requirement.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $31,285,253
- Discretionary: $31,285,253
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 9 | $4,986,108 |
| High net worth individuals | 10 | $26,299,145 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2025 (1 year)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- first-stepwealth.com
- Facebook @firststepwealth
- Instagram @firststepwealth
- LinkedIn @eriknero
- YouTube @Retirementmoneyexplained
- YouTube @UC-LMXaiN3ZUm57bmcovGHNw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $26,442,770 | 1 | May 13, 2025 |
| October 2026 | $31,285,253 | 1 | August 11, 2026 |

Regulatory assets under management: $26,442,770 in the October 2025 data and $31,285,253 in the October 2026 data, up 18%.
Total employees: 1 in October 2025 and 1 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $26,442,770 to $31,285,253 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Step Wealth Planning (CRD 317527): Form ADV filing data as of October 2026.