# Francis LLC

> Francis LLC is an SEC-registered investment advisory firm in Brookfield, WI, registered since 2004, with no regulatory assets under management reported in its Form ADV filing dated March 27, 2026.

- CRD: 130687
- Filed as: FRANCIS LLC
- Also doing business as: FRANCIS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Brookfield, WI
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/130687
- AdvisorCensus page: https://advisorcensus.com/firm/francis-llc-brookfield-wi-130687

## Quick answers

**How is Francis LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Francis LLC reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees).

**Where is Francis LLC located?**
Francis LLC's principal office is in Brookfield, WI, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Francis LLC registered with the SEC or a state?**
Francis LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 130687.

**How have Francis LLC's assets and staff changed since 2021?**
In the Form ADV data for Francis LLC: Regulatory assets under management: $162,602,825 in the October 2021 data and $176,791,312 in the October 2022 data, up 9%. Total employees: 20 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Francis LLC serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (80); corporations or other businesses not listed above (17).

**Does Francis LLC 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/130687

**Does Francis LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Francis does not have an account minimum."

**What changed in Francis LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 21 to 20. No longer lists an office in Chesterfield, MO. No longer lists an office in Los Angeles, CA. Registered or notice-filed in AK, NH.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: None

> Francis does not have an account minimum.

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

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 80 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 17 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2004 (22 years)
- Employees: 26 total, 20 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Oakdale, MN

### Websites listed on Form ADV (Item 1.I)
- francisway.com
- Facebook @Francisllc
- LinkedIn @francisllc
- X @Francisllc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $162,602,825 | 20 | March 11, 2021 |
| October 2022 | $176,791,312 | 18 | March 30, 2022 |
| October 2023 | Not reported | 22 | March 23, 2023 |
| October 2024 | Not reported | 22 | March 20, 2024 |
| October 2025 | Not reported | 27 | March 31, 2025 |
| October 2026 | Not reported | 26 | March 27, 2026 |

Regulatory assets under management: $162,602,825 in the October 2021 data and $176,791,312 in the October 2022 data, up 9%.
Total employees: 20 in October 2021 and 26 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 21 to 20.
- No longer lists an office in Chesterfield, MO.
- No longer lists an office in Los Angeles, CA.
- Registered or notice-filed in AK, NH.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Francis LLC (CRD 130687): Form ADV filing data as of October 2026.