AdvisorCensus / Financial advisors / Michigan / Detroit / FSA Advisors, Inc.
FSA Advisors, Inc. is an SEC-registered investment advisory firm in Troy, MI, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 8, 2026.
Quick answers
From the filingHow is FSA Advisors, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), FSA Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.
Where is FSA Advisors, Inc. located?
FSA Advisors, Inc.'s principal office is in Troy, MI, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F).
Is FSA Advisors, Inc. registered with the SEC or a state?
FSA Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 286251.
How much does FSA Advisors, Inc. manage?
FSA Advisors, Inc. reports $573,381,186 in regulatory assets under management in its Form ADV filing dated March 8, 2026 (100% discretionary).
How have FSA Advisors, Inc.'s assets and staff changed since 2021?
In the Form ADV data for FSA Advisors, Inc.: Regulatory assets under management: $137,182,820 in the October 2021 data and $573,381,186 in the October 2026 data, up 318%. Total employees: 21 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does FSA Advisors, Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,368); high net worth individuals (38).
Which custodians does FSA Advisors, Inc. use?
FSA Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does FSA Advisors, Inc. report any disciplinary disclosures?
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/286251
Does FSA Advisors, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated February 23, 2026 says: "There is an account minimum of $5,000, which may be waived by FSAA in its discretion."
What changed in FSA Advisors, Inc.'s recent Form ADV filings?
In the March 2026 filing data: Employees performing advisory functions went from 24 to 31. Regulatory assets under management went from $396,180,038 to $573,381,186 (+45%). Added an office in Brighton, MI. Added an office in Chesterfield, MI. Registered or notice-filed in AZ, CO.
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)
- Other
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: $5,000 (the brochure says it may be waived or negotiated)
The brochure's wording
There is an account minimum of $5,000, which may be waived by FSAA in its discretion.
As stated in the firm's Form ADV Part 2A brochure dated February 23, 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$573,381,186 as of October 2026, filing dated March 8, 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
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 31. Performing investment advisory functions: 31.
- 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.
- Other offices (Schedule D, Section 1.F)
-
4 other offices, as of the April 2026 filing
- States registered or notice-filed
-
12 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 112 Reports 2 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of 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 | $573,381,186 | 31 | March 8, 2026 |
| October 2025 | $396,180,038 | 24 | July 22, 2025 |
| October 2024 | $292,130,912 | 22 | July 11, 2024 |
| October 2023 | $214,395,285 | 25 | October 3, 2023 |
| October 2022 | $197,739,992 | 18 | September 20, 2022 |
| October 2021 | $137,182,820 | 21 | August 23, 2021 |
Regulatory assets under management: $137,182,820 in the October 2021 data and $573,381,186 in the October 2026 data, up 318%.
Total employees: 21 in October 2021 and 31 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- March 2026
- Employees performing advisory functions went from 24 to 31.
- Regulatory assets under management went from $396,180,038 to $573,381,186 (+45%).
- Added an office in Brighton, MI.
- Added an office in Chesterfield, MI.
- Registered or notice-filed in AZ, CO.
- December 2025
- Added an office in Okemos, MI.
- No longer lists an office in East Lansing, MI.
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. FSA Advisors, Inc. (CRD 286251): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fsa-advisors-inc-troy-mi-286251