# LFA

> LFA is an SEC-registered investment advisory firm in St. Cloud, MN, registered since 2004, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 24, 2026.

- CRD: 114674
- Legal name: Laraway Financial Advisors, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Cloud, MN
- Filing period: October 2026
- Form ADV filing dated: February 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/114674
- AdvisorCensus page: https://advisorcensus.com/firm/lfa-st-cloud-mn-114674

## Quick answers

**How is LFA compensated?**
On its Form ADV (Item 5.E, October 2026), LFA reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is LFA located?**
LFA's principal office is in St. Cloud, MN, according to its Form ADV; the March 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is LFA registered with the SEC or a state?**
LFA is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 114674.

**How much does LFA manage?**
LFA reports $351,499,542 in regulatory assets under management in its Form ADV filing dated February 24, 2026 (96% discretionary).

**How have LFA's assets and staff changed since 2021?**
In the Form ADV data for LFA: Regulatory assets under management: $282,526,000 in the October 2021 data and $351,499,542 in the October 2026 data, up 24%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does LFA serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (419); high net worth individuals (80); corporations or other businesses not listed above (8).

**Which custodians does LFA use?**
LFA'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 LFA 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/114674

**Does LFA state an account minimum?**
Its Form ADV Part 2A brochure dated February 24, 2026 says: "Since we are affiliated with Cambridge as an Independent Registered Investment Adviser firm there is a $25,000 account minimum to establish an account or an account managed on an institutional RIA platform."

**What changed in LFA's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $309,222,813 to $351,499,542 (+14%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 24, 2026)

- Account minimum: $25,000

> Since we are affiliated with Cambridge as an Independent Registered Investment Adviser firm there is a $25,000 account minimum to establish an account or an account managed on an institutional RIA platform.

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: $351,499,542
- Discretionary: $338,629,070
- Non-discretionary: $12,870,472

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 419 | $82,386,687 |
| High net worth individuals | 80 | $194,116,582 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $20,682,426 |
| Charitable organizations | 6 | $34,479,140 |
| Corporations or other businesses not listed above | 8 | $19,834,707 |

### 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
- Pension consulting services

### Firm details
- Registered since: 2004 (22 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MN, SD, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the March 2026 filing
- Alexandria, MN
- Brainerd, MN

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $282,526,000 | 8 | April 20, 2021 |
| October 2022 | $280,699,908 | 8 | August 31, 2022 |
| October 2023 | $244,499,777 | 8 | February 15, 2023 |
| October 2024 | $279,920,000 | 7 | March 5, 2024 |
| October 2025 | $309,222,813 | 7 | February 4, 2025 |
| October 2026 | $351,499,542 | 7 | February 24, 2026 |

Regulatory assets under management: $282,526,000 in the October 2021 data and $351,499,542 in the October 2026 data, up 24%.
Total employees: 8 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $309,222,813 to $351,499,542 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LFA (CRD 114674): Form ADV filing data as of October 2026.