{ "crd_number": 154136, "slug": "fmsa-154136", "primary_business_name": "FMSA", "legal_name": "FINANCIAL MANAGEMENT SERVICES OF AMERICA LLC.", "dbas": [ "FMSA" ], "city": null, "state": null, "country": null, "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2010-08-23", "years_registered": 16, "period": "2026-10-01", "filing_date": "2026-09-25", "carried_forward": false, "raum_total": 216378047.0, "raum_discretionary": 136418187.0, "raum_non_discretionary": 79959860.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 20, "advisory_employees": 20, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 41909215.0, "count": 1046 }, "pension_profit_sharing": { "raum": 38366812.0, "count": 27 }, "high_net_worth_individuals": { "raum": 136102020.0, "count": 218 } }, "compensation_types": [ "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CO", "FL", "GA", "IA", "KS", "KY", "LA", "TN", "TX" ], "websites": [ "https://myfmsa.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154136", "city_as_filed": null, "url": "https://advisorcensus.com/firm/fmsa-154136", "display_name": "Fmsa", "summary": "Fmsa is an SEC-registered investment advisory firm, registered since 2010, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 25, 2026.", "citation": "AdvisorCensus. Fmsa (CRD 154136): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Fmsa compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Fmsa reports these compensation arrangements: a percentage of assets under its management; hourly charges." }, { "q": "How much does Fmsa charge?", "a": "Its Form ADV Part 2A brochure dated February 11, 2026 states: $1 to $99,999: 2.5% a year; $100,000 to $249,999: 1.98% a year; $250,000 to $749,999: 1.5% a year; $750,000 to $999,999: 1.25% a year; Above $1,000,000: 1% a year; Hourly rate: $175 an hour (design Financial Plans and Review of accounts not custody…). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Is Fmsa registered with the SEC or a state?", "a": "Fmsa is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 154136." }, { "q": "How much does Fmsa manage?", "a": "Fmsa reports $216,378,047 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (63% discretionary)." }, { "q": "How have Fmsa's assets and staff changed since 2021?", "a": "In the Form ADV data for Fmsa: Regulatory assets under management: $130,652,557 in the October 2021 data and $216,378,047 in the October 2026 data, up 66%. Total employees: 9 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Fmsa serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,046); high net worth individuals (218); pension and profit sharing plans (but not the plan participants or government pension plans) (27)." }, { "q": "Does Fmsa report any disciplinary disclosures?", "a": "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/154136" }, { "q": "What changed in Fmsa's recent Form ADV filings?", "a": "In the October 2026 filing data: Added an office in Clermont, FL. Added an office in Conroe, TX. Added an office in Dayton, FL. Added an office in French Settlement, LA. Added an office in Louisville, KY. Added an office in Tampa, FL. Added an office in Wellington, FL." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 130652557.0, "total_employees": 9, "filing_date": "2021-05-25" }, { "period": "2022-10-01", "regulatory_assets_under_management": 146400136.0, "total_employees": 9, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 145208238.0, "total_employees": 9, "filing_date": "2023-03-16" }, { "period": "2024-10-01", "regulatory_assets_under_management": 169263056.0, "total_employees": 12, "filing_date": "2024-03-15" }, { "period": "2025-10-01", "regulatory_assets_under_management": 189133382.0, "total_employees": 12, "filing_date": "2025-03-20" }, { "period": "2026-10-01", "regulatory_assets_under_management": 216378047.0, "total_employees": 20, "filing_date": "2026-09-25" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Added an office in Clermont, FL.", "Added an office in Conroe, TX.", "Added an office in Dayton, FL.", "Added an office in French Settlement, LA.", "Added an office in Louisville, KY.", "Added an office in Tampa, FL.", "Added an office in Wellington, FL." ] }, { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Registered or notice-filed in TN." ] }, { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Registered or notice-filed in KS." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Regulatory assets under management went from $189,133,382 to $216,378,047 (+14%).", "Employees performing advisory functions went from 18 to 20." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in PA, TN." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 12 to 18.", "Registered or notice-filed in KY." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated February 11, 2026", "provided_by_the_firm": false, "tiers": [ { "band": "$1 to $99,999", "rate": "2.5%" }, { "band": "$100,000 to $249,999", "rate": "1.98%" }, { "band": "$250,000 to $749,999", "rate": "1.5%" }, { "band": "$750,000 to $999,999", "rate": "1.25%" }, { "band": "Above $1,000,000", "rate": "1%" } ], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Hourly rate: $175 an hour (design Financial Plans and Review of accounts not custody…)" ], "figures": [ { "label": "Fee schedule", "statements": [ "$1 to $99,999: 2.5% a year", "$100,000 to $249,999: 1.98% a year", "$250,000 to $749,999: 1.5% a year", "$750,000 to $999,999: 1.25% a year", "Above $1,000,000: 1% a year" ], "quotes": [ "$1.00 to $99,999.00 2.5000% or 0.6250%", "$100,000.00 to $249,999.00 1.9800% or 0.4950%", "$250,000.00 to $749,999.00 1.5000% or 0.3750%", "$750,000.00 to $999,999.00 1.2500% or 0.3125%", "$1,000,000.00 and over 1.0000% or 0.2500%" ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $175 an hour (design Financial Plans and Review of accounts not custody…)" ], "quotes": [ "FMSA can also bill at up to $175 per hour to design Financial Plans and Review of accounts not custody with us" ] } ], "values": { "tiers": [ { "min": 1.0, "max": 99999.0, "rate_pct": 2.5 }, { "min": 100000.0, "max": 249999.0, "rate_pct": 1.98 }, { "min": 250000.0, "max": 749999.0, "rate_pct": 1.5 }, { "min": 750000.0, "max": 999999.0, "rate_pct": 1.25 }, { "min": 1000000.0, "max": null, "rate_pct": 1.0 } ], "range_pct": null, "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [ { "kind": "hourly", "amount": 175.0, "min": null, "max": null, "period": "hour", "service": "design Financial Plans and Review of accounts not custody with us" } ] }, "quotes": [ "$1.00 to $99,999.00 2.5000% or 0.6250%", "$100,000.00 to $249,999.00 1.9800% or 0.4950%", "$250,000.00 to $749,999.00 1.5000% or 0.3750%", "$750,000.00 to $999,999.00 1.2500% or 0.3125%", "$1,000,000.00 and over 1.0000% or 0.2500%", "FMSA can also bill at up to $175 per hour to design Financial Plans and Review of accounts not custody with us" ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/fmsa-154136.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 1046, "fewer_than_5": false, "raum": 41909215.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 218, "fewer_than_5": false, "raum": 136102020.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 27, "fewer_than_5": false, "raum": 38366812.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154136", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }