AdvisorCensus / Financial advisors / South Carolina / Columbia / HMS Financial Services, LLC
HMS Financial Services, LLC
Filed as HMS FINANCIAL SERVICES, LLC
HMS Financial Services, LLC is an SEC-registered investment advisory firm in Columbia, SC, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.
Quick answers
From the filingHow is HMS Financial Services, LLC compensated?
On its Form ADV (Item 5.E, October 2026), HMS Financial Services, LLC reports these compensation arrangements: a percentage of assets under its management.
What does HMS Financial Services, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $500,000: 1% a year; $500,001 to $1,500,000: 0.75% a year; $1,500,001 to $3,000,000: 0.5% a year; $3,000,001 to $5,000,000: 0.35% a year; Above $5,000,001: 0.1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is HMS Financial Services, LLC located?
HMS Financial Services, LLC's principal office is in Columbia, SC, according to its Form ADV.
Is HMS Financial Services, LLC registered with the SEC or a state?
HMS Financial Services, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 131569.
How much does HMS Financial Services, LLC manage?
HMS Financial Services, LLC reports $118,503,827 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (99% discretionary).
How have HMS Financial Services, LLC's assets and staff changed since 2021?
In the Form ADV data for HMS Financial Services, LLC: Regulatory assets under management: $119,695,867 in the October 2021 data and $118,503,827 in the October 2026 data, down 1%. Total employees: 3 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does HMS Financial Services, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (123); high net worth individuals (71); pension and profit sharing plans (but not the plan participants or government pension plans) (32).
Which custodians does HMS Financial Services, LLC use?
HMS Financial Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Distributors Company LLC as a custodian holding 10% or more of its separately managed account assets.
Does HMS Financial 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/131569
What changed in HMS Financial Services, LLC's recent Form ADV filings?
In the January 2026 filing data: No longer registered or notice-filed in 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
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| Assets | Annual rate |
|---|---|
| Up to $500,000 | 1% |
| $500,001 to $1,500,000 | 0.75% |
| $1,500,001 to $3,000,000 | 0.5% |
| $3,000,001 to $5,000,000 | 0.35% |
| Above $5,000,001 | 0.1% |
The brochure's wording
HMS bases its fees on a percentage of assets under management. The annualized Advisory Service Agreement fee is based on a percentage of the investable assets in all managed accounts according to the following schedule:
Client Assets Under Management Annualized Management Fee (%) Up to $500,000 1.00% $500,001 to $1,500,000 0.75% $1,500,001 to $3,000,000 0.50% $3,000,001 to $5,000,000 0.35% Above $5,000,000 0.10%
Minimum annual fee: $375
The brochure's wording
The minimum annual fee is $375 and is negotiable. Current client relationships may exist where the fees are higher or lower than the fee schedule above.
As stated in the firm's Form ADV Part 2A brochure dated March 27, 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$118,503,827 as of October 2026, filing dated March 27, 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- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- 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.
- States registered or notice-filed
-
1 state or jurisdiction
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 | $118,503,827 | 1 | March 27, 2026 |
| October 2025 | $117,878,682 | 1 | March 26, 2025 |
| October 2024 | $106,799,347 | 3 | March 28, 2024 |
| October 2023 | $97,433,849 | 3 | March 30, 2023 |
| October 2022 | $129,412,285 | 3 | March 21, 2022 |
| October 2021 | $119,695,867 | 3 | March 30, 2021 |
Regulatory assets under management: $119,695,867 in the October 2021 data and $118,503,827 in the October 2026 data, down 1%.
Total employees: 3 in October 2021 and 1 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- January 2026
- No longer registered or notice-filed in 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. HMS Financial Services, LLC (CRD 131569): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/hms-financial-services-llc-columbia-sc-131569