AdvisorCensus / Financial advisors / Oklahoma / FMI
FMI is an SEC-registered investment advisory firm in Ardmore, OK, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 6, 2026.
Quick answers
From the filingHow is FMI compensated?
On its Form ADV (Item 5.E, October 2026), FMI reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
How much does FMI charge?
Its Form ADV Part 2A brochure dated April 6, 2026 states: Flat fee: $1,000 (Comprehensive Financial Plan); Flat fee: $500 (Simplified Financial Plan); Hourly rate: $150 an hour (Hourly Planning Topics). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is FMI located?
FMI's principal office is in Ardmore, OK, according to its Form ADV.
Is FMI registered with the SEC or a state?
FMI is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 117600.
How much does FMI manage?
FMI reports $318,309,587 in regulatory assets under management in its Form ADV filing dated April 6, 2026 (100% discretionary).
How have FMI's assets and staff changed since 2021?
In the Form ADV data for FMI: Regulatory assets under management: $185,000,000 in the October 2021 data and $318,309,587 in the October 2026 data, up 72%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does FMI serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (610); high net worth individuals (80); corporations or other businesses not listed above (23).
Which custodians does FMI use?
FMI'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 FMI 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/117600
Does FMI state an account minimum?
Its Form ADV Part 2A brochure dated April 6, 2026 says: "FMI typically recommends clients to open an account with a minimum of $100,000; however, accounts may be accepted with lower investment amounts based on individual circumstances."
What changed in FMI's recent Form ADV filings?
In the May 2026 filing data: Registered or notice-filed in AR.
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)
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 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $100,000
The brochure's wording
FMI typically recommends clients to open an account with a minimum of $100,000; however, accounts may be accepted with lower investment amounts based on individual circumstances.
Flat fee: $1,000 (Comprehensive Financial Plan)
The brochure's wording
Comprehensive Financial Plan $1,000 (flat fee)
Flat fee: $500 (Simplified Financial Plan)
The brochure's wording
Simplified Financial Plan $500 (flat fee)
Hourly rate: $150 an hour (Hourly Planning Topics)
The brochure's wording
Hourly Planning Topics Hourly Rate: $150 per hour
As stated in the firm's Form ADV Part 2A brochure dated April 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$318,309,587 as of October 2026, filing dated April 6, 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
Registration and firm details
Items 1, 2, 5- Legal name
- JBR Co. Financial Management Inc.
- Also doing business as
- FMI
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 5. Performing investment advisory functions: 4.
- 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
-
5 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 | $318,309,587 | 5 | April 6, 2026 |
| October 2025 | $314,601,618 | 6 | January 29, 2025 |
| October 2024 | $247,105,766 | 6 | March 12, 2024 |
| October 2023 | $209,323,655 | 6 | February 14, 2023 |
| October 2022 | $230,000,000 | 6 | September 9, 2022 |
| October 2021 | $185,000,000 | 6 | May 13, 2021 |
Regulatory assets under management: $185,000,000 in the October 2021 data and $318,309,587 in the October 2026 data, up 72%.
Total employees: 6 in October 2021 and 5 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
- Registered or notice-filed in AR.
- March 2026
- Employees performing advisory functions went from 5 to 4.
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. FMI (CRD 117600): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fmi-ardmore-ok-117600