Investor FAN

• A percentage of assets under your management
• Fixed fees (other than subscription fees)

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

Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

As stated in the firm's Form ADV Part 2A brochure dated March 20, 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

$787,414,298 as of October 2026, filing dated March 20, 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

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for individuals and/or small businesses

Legal name

Investor's Fiduciary Advisor Network, LLC

Also doing business as

BOWHAY INVESTMENTS, DONIVAN WEALTH MANAGEMENT, INVESTOR FAN, LIFE FIRST FINANCIAL PLANNING, LLC, MARGO PORTER PANFILI, RETIREMENT RISK MANAGERS, SHERPA WEALTH STRATEGIES, VISIBLE WEALTH PLANNING

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2017 (9 years)

Employees

Total: 18. Performing investment advisory functions: 16.

Wrap fee program participation

No.

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.

Other offices (Schedule D, Section 1.F)

5 other offices, as of the April 2026 filing

Bend, ORCharlottesville, VALa Grande, ORLas Vegas, NVMoraga, CA

States registered or notice-filed

16 states or jurisdictions

AZCAGAHIIDINLAMTNVNYORPATXUTVAWA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None 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

Regulatory assets under management: $173,876,436 in the October 2021 data and $787,414,298 in the October 2026 data, up 353%.

Total employees: 8 in October 2021 and 18 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.

1. April 2026
   • Employees performing advisory functions went from 15 to 16.
   • Regulatory assets under management went from $427,729,824 to $787,414,298 (+84%).
2. March 2026
   • No longer lists the business name Steelhead Wealth Management, LLC.
   • Added the business name Life First Financial Planning, LLC.
   • Employees performing advisory functions went from 14 to 15.
   • No longer lists an office in Glen Allen, VA.
   • Registered or notice-filed in GA.
3. February 2026
   • Employees performing advisory functions went from 13 to 14.
4. January 2026
   • Added the business name Visible Wealth Planning.
   • Added an office in Charlottesville, VA.
   • Registered or notice-filed in NY.
5. December 2025
   • No longer lists the business name Panfili Financial Services, Inc..
   • Added the business name Steelhead Wealth Management, LLC.
   • Employees performing advisory functions went from 11 to 13.
   • Added an office in Glen Allen, VA.
   • Registered or notice-filed in VA.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.