# Hughes Financial Services, LLC

> 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.

- CRD: 173195
- Filed as: HUGHES FINANCIAL SERVICES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Herndon, VA
- Filing period: October 2026
- Form ADV filing dated: July 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/173195
- AdvisorCensus page: https://advisorcensus.com/firm/hughes-financial-services-llc-herndon-va-173195

## Quick answers

**How is Hughes Financial Services, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Hughes Financial Services, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Hughes Financial Services, LLC located?**
Hughes Financial Services, LLC's principal office is in Herndon, VA, according to its Form ADV.

**Is Hughes Financial Services, LLC registered with the SEC or a state?**
Hughes Financial Services, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 173195.

**How much does Hughes Financial Services, LLC manage?**
Hughes Financial Services, LLC reports $759,792,822 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (98% discretionary).

**How have Hughes Financial Services, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Hughes Financial Services, LLC serve?**
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).

**Which custodians does Hughes Financial Services, LLC use?**
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.

**Does Hughes 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/173195

**Does Hughes Financial Services, LLC state an account minimum?**
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."

**What changed in Hughes Financial Services, LLC's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in LA.

## 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 February 10, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $759,792,822
- Discretionary: $747,720,752
- Non-discretionary: $12,072,070

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 557 | $185,600,464 |
| High net worth individuals | 282 | $573,923,753 |
| Charitable organizations | 1 | $268,605 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 12 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, CO, DC, DE, FL, LA, MD, NC, NE, NH, NY, OH, SC, TN, TX, VA, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- h4fs.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $377,694,578 | 8 | April 29, 2021 |
| October 2022 | $432,900,577 | 9 | August 4, 2022 |
| October 2023 | $399,762,960 | 10 | March 16, 2023 |
| October 2024 | $510,046,187 | 10 | July 16, 2024 |
| October 2025 | $616,361,633 | 10 | July 7, 2025 |
| October 2026 | $759,792,822 | 12 | July 9, 2026 |

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.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in LA.

### March 2026
- Regulatory assets under management went from $616,361,633 to $759,792,822 (+23%).

### December 2025
- Registered or notice-filed in NE, OH, WV.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hughes Financial Services, LLC (CRD 173195): Form ADV filing data as of October 2026.