{
  "crd_number": 131569,
  "slug": "hms-financial-services-llc-columbia-sc-131569",
  "primary_business_name": "HMS FINANCIAL SERVICES, LLC",
  "legal_name": "HMS FINANCIAL SERVICES, LLC",
  "dbas": [],
  "city": "Columbia",
  "state": "SC",
  "country": "United States",
  "cbsa_code": "17900",
  "metro": {
    "cbsa_code": "17900",
    "common_name": "Columbia",
    "msa_name": "Columbia, SC",
    "path": "/advisors/sc/columbia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-05-04",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 118503827.0,
  "raum_discretionary": 117168426.0,
  "raum_non_discretionary": 1335401.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 17124862.0,
      "count": 123
    },
    "pension_profit_sharing": {
      "raum": 56976240.0,
      "count": 32
    },
    "high_net_worth_individuals": {
      "raum": 44356776.0,
      "count": 71
    },
    "corporations_other_businesses": {
      "raum": 45949.0,
      "count": 2,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "SC"
  ],
  "websites": [
    "https://linkedin.com/IN/SCOT-J-BYTNAR-80A66335"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/131569",
  "city_as_filed": "COLUMBIA",
  "url": "https://advisorcensus.com/firm/hms-financial-services-llc-columbia-sc-131569",
  "display_name": "HMS Financial Services, LLC",
  "summary": "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.",
  "citation": "AdvisorCensus. HMS Financial Services, LLC (CRD 131569): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is HMS Financial Services, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), HMS Financial Services, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does HMS Financial Services, LLC's brochure say about its fees?",
      "a": "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."
    },
    {
      "q": "Where is HMS Financial Services, LLC located?",
      "a": "HMS Financial Services, LLC's principal office is in Columbia, SC, according to its Form ADV."
    },
    {
      "q": "Is HMS Financial Services, LLC registered with the SEC or a state?",
      "a": "HMS Financial Services, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 131569."
    },
    {
      "q": "How much does HMS Financial Services, LLC manage?",
      "a": "HMS Financial Services, LLC reports $118,503,827 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (99% discretionary)."
    },
    {
      "q": "How have HMS Financial Services, LLC's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does HMS Financial Services, LLC serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does HMS Financial Services, LLC use?",
      "a": "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."
    },
    {
      "q": "Does HMS Financial Services, 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/131569"
    },
    {
      "q": "What changed in HMS Financial Services, LLC's recent Form ADV filings?",
      "a": "In the January 2026 filing data: No longer registered or notice-filed in TX."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 119695867.0,
      "total_employees": 3,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 129412285.0,
      "total_employees": 3,
      "filing_date": "2022-03-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 97433849.0,
      "total_employees": 3,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 106799347.0,
      "total_employees": 3,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 117878682.0,
      "total_employees": 1,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 118503827.0,
      "total_employees": 1,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1%"
      },
      {
        "band": "$500,001 to $1,500,000",
        "rate": "0.75%"
      },
      {
        "band": "$1,500,001 to $3,000,000",
        "rate": "0.5%"
      },
      {
        "band": "$3,000,001 to $5,000,000",
        "rate": "0.35%"
      },
      {
        "band": "Above $5,000,001",
        "rate": "0.1%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$375",
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "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"
        ],
        "quotes": [
          "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%"
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $375"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "quotes": [
      "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%",
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY 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/hms-financial-services-llc-columbia-sc-131569.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 123,
      "fewer_than_5": false,
      "raum": 17124862.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 71,
      "fewer_than_5": false,
      "raum": 44356776.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 32,
      "fewer_than_5": false,
      "raum": 56976240.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 45949.0
    }
  ],
  "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/131569",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}