{
  "crd_number": 313469,
  "slug": "hill-island-financial-llc-grand-rapids-mi-313469",
  "primary_business_name": "HILL ISLAND FINANCIAL LLC",
  "legal_name": "HILL ISLAND FINANCIAL LLC",
  "dbas": [],
  "city": "Grand Rapids",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "24340",
  "metro": {
    "cbsa_code": "24340",
    "common_name": "Grand Rapids",
    "msa_name": "Grand Rapids-Wyoming-Kentwood, MI",
    "path": "/advisors/mi/grand-rapids"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-07-26",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-08-05",
  "carried_forward": false,
  "raum_total": 623847941.0,
  "raum_discretionary": 587563149.0,
  "raum_non_discretionary": 36284792.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 11,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 17879166.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 11113655.0,
      "count": 41
    },
    "pension_profit_sharing": {
      "raum": 37072696.0,
      "count": 9
    },
    "high_net_worth_individuals": {
      "raum": 557242135.0,
      "count": 167
    },
    "corporations_other_businesses": {
      "raum": 540289.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "FL",
    "IL",
    "IN",
    "MI",
    "NE",
    "NH",
    "TX",
    "WI"
  ],
  "websites": [
    "https://facebook.com/Hill-Island-Financial",
    "https://hillislandfinancial.com",
    "https://instagram.com/hillislandfinancial",
    "https://linkedin.com/company/hill-island-financial",
    "https://x.com/hi_financial"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313469",
  "city_as_filed": "GRAND RAPIDS",
  "url": "https://advisorcensus.com/firm/hill-island-financial-llc-grand-rapids-mi-313469",
  "display_name": "Hill Island Financial LLC",
  "summary": "Hill Island Financial LLC is an SEC-registered investment advisory firm in Grand Rapids, MI, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 5, 2026.",
  "citation": "AdvisorCensus. Hill Island Financial LLC (CRD 313469): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Hill Island Financial LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Hill Island Financial LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Hill Island Financial LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 states: Flat fee: $1,500 to $15,000 (Financial Planning Services; project-based fees); Subscription: $375 to $1,000 a month (Financial Planning Services; on-going fees). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Hill Island Financial LLC located?",
      "a": "Hill Island Financial LLC's principal office is in Grand Rapids, MI, according to its Form ADV."
    },
    {
      "q": "Is Hill Island Financial LLC registered with the SEC or a state?",
      "a": "Hill Island Financial LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 313469."
    },
    {
      "q": "How much does Hill Island Financial LLC manage?",
      "a": "Hill Island Financial LLC reports $623,847,941 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (94% discretionary)."
    },
    {
      "q": "How have Hill Island Financial LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Hill Island Financial LLC: Regulatory assets under management: $0 in the October 2021 data and $623,847,941 in the October 2026 data. Total employees: 5 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Hill Island Financial LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (167); individuals (other than high net worth individuals) (41); pension and profit sharing plans (but not the plan participants or government pension plans) (9)."
    },
    {
      "q": "Which custodians does Hill Island Financial LLC use?",
      "a": "Hill Island Financial LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Hill Island Financial LLC report any disciplinary disclosures?",
      "a": "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/313469"
    },
    {
      "q": "Does Hill Island Financial LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 says: \"Hill Island Financial generally requires a minimum account size of $2,000,000 for Investment Management services to effectively implement its investment process. This minimum account size may be waived or reduced at the Advisor’s discretion.\""
    },
    {
      "q": "What changed in Hill Island Financial LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Registered or notice-filed in AZ, IN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 5,
      "filing_date": "2021-08-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 387754560.0,
      "total_employees": 7,
      "filing_date": "2022-08-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 331581667.0,
      "total_employees": 7,
      "filing_date": "2023-09-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 446640410.0,
      "total_employees": 8,
      "filing_date": "2024-09-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 536995980.0,
      "total_employees": 10,
      "filing_date": "2025-03-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 623847941.0,
      "total_employees": 11,
      "filing_date": "2026-08-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Registered or notice-filed in AZ, IN."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $536,995,980 to $623,847,941 (+16%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 17, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$2,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,500 to $15,000 (Financial Planning Services; project-based fees)",
      "Subscription: $375 to $1,000 a month (Financial Planning Services; on-going fees)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Hill Island Financial generally requires a minimum account size of $2,000,000 for Investment Management services to effectively implement its investment process. This minimum account size may be waived or reduced at the Advisor’s discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $15,000 (Financial Planning Services; project-based fees)"
        ],
        "quotes": [
          "Hill Island Financial offers financial planning services either as a one-time project or as an on-going engagement for a fixed fee. Project-based fees range from $1,500 to $15,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $375 to $1,000 a month (Financial Planning Services; on-going fees)"
        ],
        "quotes": [
          "On-going fees range from $375 to $1,000 per month."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 2000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 15000.0,
          "period": "one_time",
          "service": "Financial Planning Services; project-based fees"
        },
        {
          "kind": "subscription",
          "amount": null,
          "min": 375.0,
          "max": 1000.0,
          "period": "monthly",
          "service": "Financial Planning Services; on-going fees"
        }
      ]
    },
    "quotes": [
      "Hill Island Financial generally requires a minimum account size of $2,000,000 for Investment Management services to effectively implement its investment process. This minimum account size may be waived or reduced at the Advisor’s discretion.",
      "Hill Island Financial offers financial planning services either as a one-time project or as an on-going engagement for a fixed fee. Project-based fees range from $1,500 to $15,000.",
      "On-going fees range from $375 to $1,000 per month."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/hill-island-financial-llc-grand-rapids-mi-313469.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 41,
      "fewer_than_5": false,
      "raum": 11113655.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 167,
      "fewer_than_5": false,
      "raum": 557242135.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 37072696.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 17879166.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 540289.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313469",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}