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AdvisorCensus / Financial advisors / Michigan / Detroit / FSA Advisors, Inc.

FSA Advisors, Inc.

Troy, MISEC-registered investment adviserCRD 286251

Filed as 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.

5 years
registered since 2021
$573,381,186
assets under management
4 arrangements
Percentage of assets, Hourly and more
2
disclosure items (Item 11)

Quick answers

From the filing

How 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 2A

The 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

$573,381,186 as of October 2026, filing dated March 8, 2026.

Discretionary: $570,533,981.Non-discretionary: $2,847,205.

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.D
Individuals (other than high net worth individuals)
Clients 4,368 Assets $513,122,482 (89%)
High net worth individuals
Clients 38 Assets $60,258,704 (11%)
Banking or thrift institutions
Clients 0 Assets $0 (0%)
Investment companies
Clients 0 Assets $0 (0%)
Business development companies
Clients 0 Assets $0 (0%)
Pooled investment vehicles (other than investment companies and business development companies)
Clients 0 Assets $0 (0%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 0 Assets $0 (0%)
Charitable organizations
Clients 0 Assets $0 (0%)
State or municipal government entities (including government pension plans)
Clients 0 Assets $0 (0%)
Other investment advisers
Clients 0 Assets $0 (0%)
Insurance companies
Clients 0 Assets $0 (0%)
Sovereign wealth funds and foreign official institutions
Clients 0 Assets $0 (0%)
Corporations or other businesses not listed above
Clients 0 Assets $0 (0%)
Other
Clients 0 Assets $0 (0%)

A 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
Brighton, MIChesterfield, MIFarmington Hills, MIOkemos, MI
States registered or notice-filed
12 states or jurisdictions
AZCOFLILINLAMINCOHPATXVA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

2 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
$137M 2021 $198M 2022 $214M 2023 $292M 2024 $396M 2025 $573M 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$573,381,18631March 8, 2026
October 2025$396,180,03824July 22, 2025
October 2024$292,130,91222July 11, 2024
October 2023$214,395,28525October 3, 2023
October 2022$197,739,99218September 20, 2022
October 2021$137,182,82021August 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
  1. 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.
  2. 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.I
fsa1.com

Source: 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