{
  "crd_number": 121399,
  "slug": "klaas-financial-asset-advisors-llc-loves-park-il-121399",
  "primary_business_name": "KLAAS FINANCIAL ASSET ADVISORS, LLC.",
  "legal_name": "KLAAS FINANCIAL ASSET ADVISORS, LLC.",
  "dbas": [],
  "city": "Loves Park",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "40420",
  "metro": {
    "cbsa_code": "40420",
    "common_name": "Rockford",
    "msa_name": "Rockford, IL",
    "path": "/advisors/il/rockford"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-04-09",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-05-06",
  "carried_forward": false,
  "raum_total": 758100000.0,
  "raum_discretionary": 758100000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 15,
  "advisory_employees": 13,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 100000.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 365400000.0,
      "count": 812
    },
    "high_net_worth_individuals": {
      "raum": 391500000.0,
      "count": 203
    },
    "corporations_other_businesses": {
      "raum": 1100000.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CO",
    "FL",
    "IA",
    "IL",
    "IN",
    "MD",
    "MI",
    "MN",
    "MO",
    "NC",
    "NE",
    "NM",
    "TN",
    "TX",
    "WI"
  ],
  "websites": [
    "https://facebook.com/KLAASFINANCIAL",
    "https://instagram.com/KLAASFINANCIAL",
    "https://klaasfinancial.com",
    "https://linkedin.com/COMPANY/2181268",
    "https://x.com/KLAASFINANCIAL",
    "https://youtube.com/USER/KLAAS0002"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/121399",
  "city_as_filed": "LOVES PARK",
  "url": "https://advisorcensus.com/firm/klaas-financial-asset-advisors-llc-loves-park-il-121399",
  "display_name": "Klaas Financial Asset Advisors, LLC.",
  "summary": "Klaas Financial Asset Advisors, LLC. is an SEC-registered investment advisory firm in Loves Park, IL, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.",
  "citation": "AdvisorCensus. Klaas Financial Asset Advisors, LLC. (CRD 121399): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Klaas Financial Asset Advisors, LLC. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Klaas Financial Asset Advisors, LLC. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "How much does Klaas Financial Asset Advisors, LLC. charge?",
      "a": "Its Form ADV Part 2A brochure dated May 6, 2026 states: Subscription: $275 a month (Comprehensive Financial Planning Services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Klaas Financial Asset Advisors, LLC. located?",
      "a": "Klaas Financial Asset Advisors, LLC.'s principal office is in Loves Park, IL, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Klaas Financial Asset Advisors, LLC. registered with the SEC or a state?",
      "a": "Klaas Financial Asset Advisors, LLC. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 121399."
    },
    {
      "q": "How much does Klaas Financial Asset Advisors, LLC. manage?",
      "a": "Klaas Financial Asset Advisors, LLC. reports $758,100,000 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have Klaas Financial Asset Advisors, LLC.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Klaas Financial Asset Advisors, LLC.: Regulatory assets under management: $438,149,250 in the October 2021 data and $758,100,000 in the October 2026 data, up 73%. Total employees: 15 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Klaas Financial Asset Advisors, LLC. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (812); high net worth individuals (203)."
    },
    {
      "q": "Which custodians does Klaas Financial Asset Advisors, LLC. use?",
      "a": "Klaas Financial Asset Advisors, LLC.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Klaas Financial Asset Advisors, 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/121399"
    },
    {
      "q": "Does Klaas Financial Asset Advisors, LLC. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 6, 2026 says: \"We do not impose a minimum investment account size to start and maintain an advisory relationship with us.\""
    },
    {
      "q": "What changed in Klaas Financial Asset Advisors, LLC.'s recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 438149250.0,
      "total_employees": 15,
      "filing_date": "2021-03-16"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 521569705.0,
      "total_employees": 14,
      "filing_date": "2022-08-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 478280533.0,
      "total_employees": 13,
      "filing_date": "2023-09-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 568629779.0,
      "total_employees": 13,
      "filing_date": "2024-03-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 632130957.0,
      "total_employees": 13,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 758100000.0,
      "total_employees": 15,
      "filing_date": "2026-05-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 13.",
        "Regulatory assets under management went from $632,130,957 to $758,100,000 (+20%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Registered or notice-filed in MD."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 12 to 15.",
        "Registered or notice-filed in IN, MO."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 6, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Subscription: $275 a month (Comprehensive Financial Planning Services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "We do not impose a minimum investment account size to start and maintain an advisory relationship with us."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $275 a month (Comprehensive Financial Planning Services)"
        ],
        "quotes": [
          "For Comprehensive Financial Planning Services, we charge a Program Fee of $275 per month for up to $1,500,000 of Investable Assets"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "subscription",
          "amount": 275.0,
          "min": null,
          "max": null,
          "period": "monthly",
          "service": "Comprehensive Financial Planning Services"
        }
      ]
    },
    "quotes": [
      "We do not impose a minimum investment account size to start and maintain an advisory relationship with us.",
      "For Comprehensive Financial Planning Services, we charge a Program Fee of $275 per month for up to $1,500,000 of Investable Assets"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "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/klaas-financial-asset-advisors-llc-loves-park-il-121399.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 812,
      "fewer_than_5": false,
      "raum": 365400000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 203,
      "fewer_than_5": false,
      "raum": 391500000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 100000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 1100000.0
    }
  ],
  "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/121399",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}