{
  "crd_number": 124801,
  "slug": "pathway-financial-advisors-llc-south-burlington-vt-124801",
  "primary_business_name": "PATHWAY FINANCIAL ADVISORS, LLC",
  "legal_name": "PATHWAY FINANCIAL ADVISORS, LLC",
  "dbas": [],
  "city": "South Burlington",
  "state": "VT",
  "country": "United States",
  "cbsa_code": "15540",
  "metro": {
    "cbsa_code": "15540",
    "common_name": "Burlington",
    "msa_name": "Burlington-South Burlington, VT",
    "path": "/advisors/vt/burlington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-08-15",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-07-31",
  "carried_forward": false,
  "raum_total": 1649189273.0,
  "raum_discretionary": 1649189273.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 11,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 30763195.0,
      "count": 53
    },
    "pension_profit_sharing": {
      "raum": 200199935.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 1418226143.0,
      "count": 200
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "FL",
    "GA",
    "MA",
    "NC",
    "NH",
    "NJ",
    "NY",
    "VT"
  ],
  "websites": [
    "https://linkedin.com/company/15932024",
    "https://linkedin.com/in/alliemhardy",
    "https://linkedin.com/in/allyssakeoughstevens-a3b2374",
    "https://linkedin.com/in/andrewjhanson",
    "https://linkedin.com/in/darren-beck-cfp%C2%AE-7338251",
    "https://linkedin.com/in/jonathan-smith-cfp%c2%ae-28780a",
    "https://linkedin.com/in/jordan-macdougall-10a018201",
    "https://linkedin.com/in/kaylee-wolfenbarger-839238199",
    "https://linkedin.com/in/lyndsie-kennett-071642152",
    "https://linkedin.com/in/mary-williams-cfp%C2%AE-99023530b",
    "https://linkedin.com/in/michaeljschell",
    "https://linkedin.com/in/scott-beaudin-cpa-pfs-cfp%c2%ae-6a039340",
    "https://pathwayadvisors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124801",
  "city_as_filed": "SOUTH BURLINGTON",
  "url": "https://advisorcensus.com/firm/pathway-financial-advisors-llc-south-burlington-vt-124801",
  "display_name": "Pathway Financial Advisors, LLC",
  "summary": "Pathway Financial Advisors, LLC is an SEC-registered investment advisory firm in South Burlington, VT, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 31, 2026.",
  "citation": "AdvisorCensus. Pathway Financial Advisors, LLC (CRD 124801): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Pathway Financial Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pathway Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Pathway Financial Advisors, LLC located?",
      "a": "Pathway Financial Advisors, LLC's principal office is in South Burlington, VT, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Pathway Financial Advisors, LLC registered with the SEC or a state?",
      "a": "Pathway Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 124801."
    },
    {
      "q": "How much does Pathway Financial Advisors, LLC manage?",
      "a": "Pathway Financial Advisors, LLC reports $1,649,189,273 in regulatory assets under management in its Form ADV filing dated July 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Pathway Financial Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Pathway Financial Advisors, LLC: Regulatory assets under management: $682,581,344 in the October 2021 data and $1,649,189,273 in the October 2026 data, up 142%. Total employees: 12 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Pathway Financial Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (200); individuals (other than high net worth individuals) (53)."
    },
    {
      "q": "Which custodians does Pathway Financial Advisors, LLC use?",
      "a": "Pathway Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., John Hancock Trust Company LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Pathway Financial 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/124801"
    },
    {
      "q": "What changed in Pathway Financial Advisors, LLC's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Registered or notice-filed in AZ, NC."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 682581344.0,
      "total_employees": 12,
      "filing_date": "2021-03-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 766594754.0,
      "total_employees": 13,
      "filing_date": "2022-03-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 656414781.0,
      "total_employees": 13,
      "filing_date": "2023-08-25"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 782973506.0,
      "total_employees": 11,
      "filing_date": "2024-03-23"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 894825875.0,
      "total_employees": 11,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1649189273.0,
      "total_employees": 11,
      "filing_date": "2026-07-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Registered or notice-filed in AZ, NC."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 7.",
        "Regulatory assets under management went from $894,825,875 to $1,649,189,273 (+84%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "John Hancock Trust Company LLC",
      "name_as_filed": "JOHN HANCOCK TRUST COMPANY LLC",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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/pathway-financial-advisors-llc-south-burlington-vt-124801.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 53,
      "fewer_than_5": false,
      "raum": 30763195.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 200,
      "fewer_than_5": false,
      "raum": 1418226143.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 200199935.0
    }
  ],
  "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/124801",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}