{
  "crd_number": 159301,
  "slug": "investor-fan-159301",
  "primary_business_name": "INVESTOR FAN",
  "legal_name": "INVESTOR'S FIDUCIARY ADVISOR NETWORK, LLC",
  "dbas": [
    "BOWHAY INVESTMENTS",
    "DONIVAN WEALTH MANAGEMENT",
    "INVESTOR FAN",
    "LIFE FIRST FINANCIAL PLANNING, LLC",
    "MARGO PORTER PANFILI",
    "RETIREMENT RISK MANAGERS",
    "SHERPA WEALTH STRATEGIES",
    "VISIBLE WEALTH PLANNING"
  ],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-09-11",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-03-20",
  "carried_forward": false,
  "raum_total": 787414298.0,
  "raum_discretionary": 787414298.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 18,
  "advisory_employees": 16,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 1519484.0,
      "count": 7
    },
    "individuals": {
      "raum": 213469823.0,
      "count": 639
    },
    "high_net_worth_individuals": {
      "raum": 571887923.0,
      "count": 235
    },
    "corporations_other_businesses": {
      "raum": 537068.0,
      "count": 6
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "GA",
    "HI",
    "ID",
    "IN",
    "LA",
    "MT",
    "NV",
    "NY",
    "OR",
    "PA",
    "TX",
    "UT",
    "VA",
    "WA"
  ],
  "websites": [
    "https://bowhayinvestments.com",
    "https://facebook.com.sherpawealthstrategies",
    "https://investorfan.com",
    "https://investorsfiduciaryadvisornetwork.com",
    "https://panfili-financial.com",
    "https://retirementriskmanagers.com",
    "https://sherpawealthstrategies.com",
    "https://steelheadwealth.com",
    "https://teachinvest.com",
    "https://thewaytoinvest.com",
    "https://visiblewealthplanning.com",
    "https://visiblewp.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159301",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/investor-fan-159301",
  "display_name": "Investor FAN",
  "summary": "Investor FAN is an SEC-registered investment advisory firm, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.",
  "citation": "AdvisorCensus. Investor FAN (CRD 159301): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Investor FAN compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Investor FAN reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does Investor FAN's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Investor FAN registered with the SEC or a state?",
      "a": "Investor FAN is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 159301."
    },
    {
      "q": "How much does Investor FAN manage?",
      "a": "Investor FAN reports $787,414,298 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary)."
    },
    {
      "q": "How have Investor FAN's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Investor FAN: 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. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Investor FAN serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (639); high net worth individuals (235); charitable organizations (7)."
    },
    {
      "q": "Which custodians does Investor FAN use?",
      "a": "Investor FAN'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 Investor FAN 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/159301"
    },
    {
      "q": "What changed in Investor FAN's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 15 to 16. Regulatory assets under management went from $427,729,824 to $787,414,298 (+84%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 173876436.0,
      "total_employees": 8,
      "filing_date": "2021-03-16"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 229175691.0,
      "total_employees": 9,
      "filing_date": "2022-02-02"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 186163454.0,
      "total_employees": 8,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 255405413.0,
      "total_employees": 12,
      "filing_date": "2024-08-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 427729824.0,
      "total_employees": 13,
      "filing_date": "2025-05-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 787414298.0,
      "total_employees": 18,
      "filing_date": "2026-03-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 16.",
        "Regulatory assets under management went from $427,729,824 to $787,414,298 (+84%)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "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."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 13 to 14."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Added the business name Visible Wealth Planning.",
        "Added an office in Charlottesville, VA.",
        "Registered or notice-filed in NY."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "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."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 20, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The Advisor Fee can be flat, fixed or based on a schedule as noted in the Agreement, but in no case does the Advisory Fee exceed 2%.",
          "Retirement Advisory Fees are based on a percentage of managed plan assets and will not exceed 2.00%."
        ]
      }
    ],
    "quotes": [
      "The Advisor Fee can be flat, fixed or based on a schedule as noted in the Agreement, but in no case does the Advisory Fee exceed 2%.",
      "Retirement Advisory Fees are based on a percentage of managed plan assets and will not exceed 2.00%."
    ],
    "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/investor-fan-159301.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 639,
      "fewer_than_5": false,
      "raum": 213469823.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 235,
      "fewer_than_5": false,
      "raum": 571887923.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 7,
      "fewer_than_5": false,
      "raum": 1519484.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 6,
      "fewer_than_5": false,
      "raum": 537068.0
    }
  ],
  "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/159301",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}