# Harfst and Associates, Inc.

> Harfst and Associates, Inc. is an SEC-registered investment advisory firm in Sheridan, WY, registered since 2010, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 145090
- Filed as: HARFST AND ASSOCIATES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sheridan, WY
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145090
- AdvisorCensus page: https://advisorcensus.com/firm/harfst-and-associates-inc-sheridan-wy-145090

## Quick answers

**How is Harfst and Associates, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Harfst and Associates, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Harfst and Associates, Inc. located?**
Harfst and Associates, Inc.'s principal office is in Sheridan, WY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Harfst and Associates, Inc. registered with the SEC or a state?**
Harfst and Associates, Inc. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 145090.

**How much does Harfst and Associates, Inc. manage?**
Harfst and Associates, Inc. reports $783,206,003 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Harfst and Associates, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Harfst and Associates, Inc.: Regulatory assets under management: $532,221,616 in the October 2021 data and $783,206,003 in the October 2026 data, up 47%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Harfst and Associates, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (369); high net worth individuals (130); charitable organizations (20).

**Which custodians does Harfst and Associates, Inc. use?**
Harfst and Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Harfst and Associates, Inc. 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/145090

**Does Harfst and Associates, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive or lower this minimum account size."

**What changed in Harfst and Associates, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 2.

## 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 March 25, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive or lower this minimum account size.

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.
- Raymond James & Associates, 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: $783,206,003
- Discretionary: $783,168,606
- Non-discretionary: $37,397

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 369 | $114,114,256 |
| High net worth individuals | 130 | $591,694,456 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $14,084,458 |
| Charitable organizations | 20 | $58,199,870 |
| Corporations or other businesses not listed above | 5 | $5,112,963 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2010 (16 years)
- Employees: 8 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, ID, IL, LA, NE, NH, NV, NY, OR, TX, UT, WA, 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
- Ashland, OR

### Websites listed on Form ADV (Item 1.I)
- [harfst.com](https://harfst.com)
- [harfstandassociates.com](https://harfstandassociates.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $532,221,616 | 8 | March 17, 2021 |
| October 2022 | $583,675,756 | 9 | April 6, 2022 |
| October 2023 | $547,432,748 | 10 | September 29, 2023 |
| October 2024 | $629,484,951 | 3 | May 8, 2024 |
| October 2025 | $721,730,521 | 7 | July 15, 2025 |
| October 2026 | $783,206,003 | 8 | March 25, 2026 |

Regulatory assets under management: $532,221,616 in the October 2021 data and $783,206,003 in the October 2026 data, up 47%.
Total employees: 8 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 2.

### January 2026
- No longer registered or notice-filed in CT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Harfst and Associates, Inc. (CRD 145090): Form ADV filing data as of October 2026.