# Phillip James Financial Co.

> Phillip James Financial Co. is an SEC-registered investment advisory firm in Plymouth, MN, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 168228
- Filed as: PHILLIP JAMES FINANCIAL CO.
- Legal name: Phillip James Consulting Co.
- Also doing business as: PHILLIP JAMES FINANCIAL, PJF TAX
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plymouth, MN
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168228
- AdvisorCensus page: https://advisorcensus.com/firm/phillip-james-financial-co-plymouth-mn-168228

## Quick answers

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

**Where is Phillip James Financial Co. located?**
Phillip James Financial Co.'s principal office is in Plymouth, MN, according to its Form ADV.

**Is Phillip James Financial Co. registered with the SEC or a state?**
Phillip James Financial Co. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 168228.

**How much does Phillip James Financial Co. manage?**
Phillip James Financial Co. reports $222,065,777 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (99% discretionary).

**How have Phillip James Financial Co.'s assets and staff changed since 2021?**
In the Form ADV data for Phillip James Financial Co.: Regulatory assets under management: $110,284,896 in the October 2021 data and $222,065,777 in the October 2026 data, up 101%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Phillip James Financial Co. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (60); individuals (other than high net worth individuals) (54).

**Which custodians does Phillip James Financial Co. use?**
Phillip James Financial Co.'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 Phillip James Financial Co. 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/168228

**Does Phillip James Financial Co. state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Clients are typically required to have minimum assets under management (AUM) of $750,000, but Phillip James, in its sole discretion, may waive that requirement."

**What changed in Phillip James Financial Co.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $197,344,357 to $222,065,777 (+13%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: $750,000 (the brochure says it may be waived or negotiated)

> Clients are typically required to have minimum assets under management (AUM) of $750,000, but Phillip James, in its sole discretion, may waive that requirement.

- Minimum annual fee: $12,500

> Phillip James has a $12,500 annual minimum fee and, in its sole discretion, may waive its minimum fee and/or charge a lesser investment advisory fee.

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: $222,065,777
- Discretionary: $219,237,541
- Non-discretionary: $2,828,236

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 54 | $24,255,797 |
| High net worth individuals | 60 | $197,809,980 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2021 (5 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [phillipjamesfinancial.com](https://phillipjamesfinancial.com)
- [pjftax.com](https://pjftax.com)
- [tax-preparation-plymouth.com](https://tax-preparation-plymouth.com)
- [wealthmanagementplymouthmn.com](https://wealthmanagementplymouthmn.com)
- [yelp.com/biz/pjf-tax-plymouth](https://yelp.com/biz/pjf-tax-plymouth)
- Facebook @phillipjamesfinancial
- Facebook @pjftax
- Instagram @mnretirementplanners
- LinkedIn @phillip-james-financial
- LinkedIn @pjf-tax
- Pinterest @feeonlyplanner
- X @InvestPJF
- X @PJFTax
- YouTube @UCIiO1erBj38LfzBofmwBijQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $110,284,896 | 4 | January 18, 2021 |
| October 2022 | $151,053,028 | 4 | March 30, 2022 |
| October 2023 | $135,006,000 | 4 | August 30, 2023 |
| October 2024 | $166,541,038 | 4 | March 15, 2024 |
| October 2025 | $197,344,357 | 4 | March 21, 2025 |
| October 2026 | $222,065,777 | 3 | March 27, 2026 |

Regulatory assets under management: $110,284,896 in the October 2021 data and $222,065,777 in the October 2026 data, up 101%.
Total employees: 4 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $197,344,357 to $222,065,777 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Phillip James Financial Co. (CRD 168228): Form ADV filing data as of October 2026.