# 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.

- CRD: 117600
- Legal name: JBR Co. Financial Management Inc.
- Also doing business as: FMI
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ardmore, OK
- Filing period: October 2026
- Form ADV filing dated: April 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/117600
- AdvisorCensus page: https://advisorcensus.com/firm/fmi-ardmore-ok-117600

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated April 6, 2026)

- Account minimum: $100,000

> 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)

> Comprehensive Financial Plan $1,000 (flat fee)

- Flat fee: $500 (Simplified Financial Plan)

> Simplified Financial Plan $500 (flat fee)

- Hourly rate: $150 an hour (Hourly Planning Topics)

> Hourly Planning Topics Hourly Rate: $150 per hour

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: $318,309,587
- Discretionary: $318,309,587
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 610 | $88,437,358 |
| High net worth individuals | 80 | $146,834,985 |
| Charitable organizations | 4 | $3,061,480 |
| Corporations or other businesses not listed above | 23 | $79,975,764 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2017 (9 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, LA, NE, OK, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fmiardmore.com
- Facebook @FMIARDMORE

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $185,000,000 | 6 | May 13, 2021 |
| October 2022 | $230,000,000 | 6 | September 9, 2022 |
| October 2023 | $209,323,655 | 6 | February 14, 2023 |
| October 2024 | $247,105,766 | 6 | March 12, 2024 |
| October 2025 | $314,601,618 | 6 | January 29, 2025 |
| October 2026 | $318,309,587 | 5 | April 6, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FMI (CRD 117600): Form ADV filing data as of October 2026.