AdvisorCensus / Financial advisors / California / Oxnard / HBW Advisory Services LLC
HBW Advisory Services LLC is an SEC-registered investment advisory firm in Simi Valley, CA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.
Quick answers
From the filingHow is HBW Advisory Services LLC compensated?
On its Form ADV (Item 5.E, October 2026), HBW Advisory Services LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
What does HBW Advisory Services LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated November 13, 2025 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is HBW Advisory Services LLC located?
HBW Advisory Services LLC's principal office is in Simi Valley, CA, according to its Form ADV; the April 2026 filing also lists 21 other offices (Schedule D, Section 1.F).
Is HBW Advisory Services LLC registered with the SEC or a state?
HBW Advisory Services LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 143665.
How much does HBW Advisory Services LLC manage?
HBW Advisory Services LLC reports $1,747,369,322 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (98% discretionary).
How have HBW Advisory Services LLC's assets and staff changed since 2021?
In the Form ADV data for HBW Advisory Services LLC: Regulatory assets under management: $761,170,560 in the October 2021 data and $1,747,369,322 in the October 2026 data, up 130%. Total employees: 57 in October 2021 and 72 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does HBW Advisory Services LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (13,698); corporations or other businesses not listed above (85); high net worth individuals (81).
Which custodians does HBW Advisory Services LLC use?
HBW Advisory Services LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Clearing LLC and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.
Does HBW Advisory Services 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/143665
Does HBW Advisory Services LLC state an account minimum?
Its Form ADV Part 2A brochure dated November 13, 2025 says: "Generally, HBW does not require a minimum dollar amount to open and maintain an advisory account."
What changed in HBW Advisory Services LLC's recent Form ADV filings?
In the December 2025 filing data: Employees performing advisory functions went from 63 to 68. Regulatory assets under management went from $1,476,802,564 to $1,747,369,322 (+18%). Changed its office addresses in Grand Rapids, MI. Added an office in Eagle, ID. Added an office in Kerrville, TX. Added an office in Middleton, ID. Added an office in Saratoga Springs, NY. Added an office in Traverse City, MI. Added an office in Zeeland, MI. No longer lists an office in Ada, MI. No longer lists an office in Griffin, GA. No longer lists an office in Hudsonville, MI. No longer lists an office in Schaumburg, IL. No longer lists an office in Sonoma, CA. No longer lists an office in Tomball, TX.
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)
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 2AAsset-based fee: up to 2% of assets a year (the maximum the brochure states)
The brochure's wording
HBW charges an annual fee based on a percentage of assets under management, not to exceed 2.00%.
Account minimum: None
The brochure's wording
Generally, HBW does not require a minimum dollar amount to open and maintain an advisory account.
As stated in the firm's Form ADV Part 2A brochure dated November 13, 2025. 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$1,747,369,322 as of October 2026, filing dated March 17, 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
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (13 years)
- Employees
- Total: 72. Performing investment advisory functions: 68.
- 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)
-
21 other offices, as of the April 2026 filing
- States registered or notice-filed
-
51 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on 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 | $1,747,369,322 | 72 | March 17, 2026 |
| October 2025 | $1,476,802,564 | 67 | June 25, 2025 |
| October 2024 | $1,134,812,630 | 66 | May 9, 2024 |
| October 2023 | $1,019,551,088 | 65 | June 1, 2023 |
| October 2022 | $1,114,357,188 | 60 | November 12, 2021 |
| October 2021 | $761,170,560 | 57 | June 28, 2021 |
Regulatory assets under management: $761,170,560 in the October 2021 data and $1,747,369,322 in the October 2026 data, up 130%.
Total employees: 57 in October 2021 and 72 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- December 2025
- Employees performing advisory functions went from 63 to 68.
- Regulatory assets under management went from $1,476,802,564 to $1,747,369,322 (+18%).
- Changed its office addresses in Grand Rapids, MI.
- Added an office in Eagle, ID.
- Added an office in Kerrville, TX.
- Added an office in Middleton, ID.
- Added an office in Saratoga Springs, NY.
- Added an office in Traverse City, MI.
- Added an office in Zeeland, MI.
- No longer lists an office in Ada, MI.
- No longer lists an office in Griffin, GA.
- No longer lists an office in Hudsonville, MI.
- No longer lists an office in Schaumburg, IL.
- No longer lists an office in Sonoma, CA.
- No longer lists an office in Tomball, TX.
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. HBW Advisory Services LLC (CRD 143665): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/hbw-advisory-services-llc-simi-valley-ca-143665