{
  "crd_number": 173195,
  "slug": "hughes-financial-services-llc-herndon-va-173195",
  "primary_business_name": "HUGHES FINANCIAL SERVICES, LLC",
  "legal_name": "HUGHES FINANCIAL SERVICES, LLC",
  "dbas": [],
  "city": "Herndon",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "47900",
  "metro": {
    "cbsa_code": "47900",
    "common_name": "Washington",
    "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV",
    "path": "/advisors/dc/washington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-02-02",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-07-09",
  "carried_forward": false,
  "raum_total": 759792822.0,
  "raum_discretionary": 747720752.0,
  "raum_non_discretionary": 12072070.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 12,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 268605.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 185600464.0,
      "count": 557
    },
    "high_net_worth_individuals": {
      "raum": 573923753.0,
      "count": 282
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "DC",
    "DE",
    "FL",
    "LA",
    "MD",
    "NC",
    "NE",
    "NH",
    "NY",
    "OH",
    "SC",
    "TN",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://h4fs.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/173195",
  "city_as_filed": "HERNDON",
  "url": "https://advisorcensus.com/firm/hughes-financial-services-llc-herndon-va-173195",
  "display_name": "Hughes Financial Services, LLC",
  "summary": "Hughes Financial Services, LLC is an SEC-registered investment advisory firm in Herndon, VA, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 9, 2026.",
  "citation": "AdvisorCensus. Hughes Financial Services, LLC (CRD 173195): 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": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Hughes Financial Services, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Hughes Financial Services, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Hughes Financial Services, LLC located?",
      "a": "Hughes Financial Services, LLC's principal office is in Herndon, VA, according to its Form ADV."
    },
    {
      "q": "Is Hughes Financial Services, LLC registered with the SEC or a state?",
      "a": "Hughes Financial Services, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 173195."
    },
    {
      "q": "How much does Hughes Financial Services, LLC manage?",
      "a": "Hughes Financial Services, LLC reports $759,792,822 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (98% discretionary)."
    },
    {
      "q": "How have Hughes Financial Services, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Hughes Financial Services, LLC: Regulatory assets under management: $377,694,578 in the October 2021 data and $759,792,822 in the October 2026 data, up 101%. Total employees: 8 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Hughes Financial Services, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (557); high net worth individuals (282); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Hughes Financial Services, LLC use?",
      "a": "Hughes Financial Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Hughes 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/173195"
    },
    {
      "q": "Does Hughes Financial Services, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 10, 2026 says: \"In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive the minimum if you appear to have significant potential for increasing your assets under our management.\""
    },
    {
      "q": "What changed in Hughes Financial Services, LLC's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Registered or notice-filed in LA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 377694578.0,
      "total_employees": 8,
      "filing_date": "2021-04-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 432900577.0,
      "total_employees": 9,
      "filing_date": "2022-08-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 399762960.0,
      "total_employees": 10,
      "filing_date": "2023-03-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 510046187.0,
      "total_employees": 10,
      "filing_date": "2024-07-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 616361633.0,
      "total_employees": 10,
      "filing_date": "2025-07-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 759792822.0,
      "total_employees": 12,
      "filing_date": "2026-07-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Registered or notice-filed in LA."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $616,361,633 to $759,792,822 (+23%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in NE, OH, WV."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 10, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive the minimum if you appear to have significant potential for increasing your assets under our management."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive the minimum if you appear to have significant potential for increasing your assets under our management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/hughes-financial-services-llc-herndon-va-173195.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 557,
      "fewer_than_5": false,
      "raum": 185600464.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 282,
      "fewer_than_5": false,
      "raum": 573923753.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 268605.0
    }
  ],
  "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/173195",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}