{
  "crd_number": 131344,
  "slug": "phillips-financial-fort-wayne-in-131344",
  "primary_business_name": "PHILLIPS FINANCIAL",
  "legal_name": "PHILLIPS FINANCIAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Fort Wayne",
  "state": "IN",
  "country": "United States",
  "cbsa_code": "23060",
  "metro": {
    "cbsa_code": "23060",
    "common_name": "Fort Wayne",
    "msa_name": "Fort Wayne, IN",
    "path": "/advisors/in/fort-wayne"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2004-07-23",
  "years_registered": 22,
  "period": "2026-10-01",
  "filing_date": "2026-03-17",
  "carried_forward": false,
  "raum_total": 2636493500.0,
  "raum_discretionary": 2292594620.0,
  "raum_non_discretionary": 343898880.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 32,
  "advisory_employees": 14,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 304923274.0,
      "count": 10
    },
    "individuals": {
      "raum": 195211673.0,
      "count": 472
    },
    "pension_profit_sharing": {
      "raum": 552651617.0,
      "count": 63
    },
    "other_investment_advisers": {
      "raum": 73218991.0,
      "count": 25
    },
    "high_net_worth_individuals": {
      "raum": 1505311470.0,
      "count": 416
    },
    "corporations_other_businesses": {
      "raum": 5176475.0,
      "count": 5
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "IN",
    "KY",
    "LA",
    "MA",
    "MD",
    "MI",
    "NC",
    "NJ",
    "NY",
    "OH",
    "PA",
    "TN",
    "TX",
    "WA",
    "WI"
  ],
  "websites": [
    "https://linkedin.com/company/phillips-financial---employee-benefits",
    "https://linkedin.com/company/phillips-financial-management-llc",
    "https://linkedin.com/in/rickphillipsfinancial",
    "https://myphillips.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/131344",
  "city_as_filed": "FORT WAYNE",
  "url": "https://advisorcensus.com/firm/phillips-financial-fort-wayne-in-131344",
  "display_name": "Phillips Financial",
  "summary": "Phillips Financial is an SEC-registered investment advisory firm in Fort Wayne, IN, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.",
  "citation": "AdvisorCensus. Phillips Financial (CRD 131344): 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)",
    "Commissions"
  ],
  "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",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Phillips Financial compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Phillips Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "How much does Phillips Financial charge?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 states: Flat fee: $1,500 to $30,000 (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Phillips Financial located?",
      "a": "Phillips Financial's principal office is in Fort Wayne, IN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Phillips Financial registered with the SEC or a state?",
      "a": "Phillips Financial is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131344."
    },
    {
      "q": "How much does Phillips Financial manage?",
      "a": "Phillips Financial reports $2,636,493,500 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (87% discretionary)."
    },
    {
      "q": "How have Phillips Financial's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Phillips Financial: Regulatory assets under management: $1,106,324,913 in the October 2021 data and $2,636,493,500 in the October 2026 data, up 138%. Total employees: 27 in October 2021 and 32 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Phillips Financial serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (472); high net worth individuals (416); pension and profit sharing plans (but not the plan participants or government pension plans) (63)."
    },
    {
      "q": "Which custodians does Phillips Financial use?",
      "a": "Phillips Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Phillips Financial 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/131344"
    },
    {
      "q": "What changed in Phillips Financial's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 16 to 14. Regulatory assets under management went from $2,214,893,239 to $2,636,493,500 (+19%). Registered or notice-filed in MA. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1106324913.0,
      "total_employees": 27,
      "filing_date": "2021-07-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1541096879.0,
      "total_employees": 30,
      "filing_date": "2022-08-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1749643216.0,
      "total_employees": 31,
      "filing_date": "2023-09-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2057903619.0,
      "total_employees": 32,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2214893239.0,
      "total_employees": 31,
      "filing_date": "2025-05-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2636493500.0,
      "total_employees": 32,
      "filing_date": "2026-03-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 16 to 14.",
        "Regulatory assets under management went from $2,214,893,239 to $2,636,493,500 (+19%).",
        "Registered or notice-filed in MA.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in MN, NH."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 17, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,500 to $30,000 (financial planning and consulting services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $30,000 (financial planning and consulting services)"
        ],
        "quotes": [
          "PFM may charge a fixed fee and/or hourly fee for financial planning and consulting services. These fees are negotiable, but generally range from $1,500 to $30,000 on a fixed fee basis"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 30000.0,
          "period": "one_time",
          "service": "financial planning and consulting services"
        }
      ]
    },
    "quotes": [
      "PFM may charge a fixed fee and/or hourly fee for financial planning and consulting services. These fees are negotiable, but generally range from $1,500 to $30,000 on a fixed fee basis"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "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/phillips-financial-fort-wayne-in-131344.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 472,
      "fewer_than_5": false,
      "raum": 195211673.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 416,
      "fewer_than_5": false,
      "raum": 1505311470.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 63,
      "fewer_than_5": false,
      "raum": 552651617.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 10,
      "fewer_than_5": false,
      "raum": 304923274.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 25,
      "fewer_than_5": false,
      "raum": 73218991.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 5176475.0
    }
  ],
  "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/131344",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}