# 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.

- CRD: 131569
- Filed as: HMS FINANCIAL SERVICES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Columbia, SC
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131569
- AdvisorCensus page: https://advisorcensus.com/firm/hms-financial-services-llc-columbia-sc-131569

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- 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

> 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 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company LLC

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: $118,503,827
- Discretionary: $117,168,426
- Non-discretionary: $1,335,401

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 123 | $17,124,862 |
| High net worth individuals | 71 | $44,356,776 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 32 | $56,976,240 |
| Corporations or other businesses not listed above | 2 | $45,949 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2021 (5 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: SC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @SCOT-J-BYTNAR-80A66335

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $119,695,867 | 3 | March 30, 2021 |
| October 2022 | $129,412,285 | 3 | March 21, 2022 |
| October 2023 | $97,433,849 | 3 | March 30, 2023 |
| October 2024 | $106,799,347 | 3 | March 28, 2024 |
| October 2025 | $117,878,682 | 1 | March 26, 2025 |
| October 2026 | $118,503,827 | 1 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HMS Financial Services, LLC (CRD 131569): Form ADV filing data as of October 2026.