# Phillips Financial

> 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.

- CRD: 131344
- Filed as: PHILLIPS FINANCIAL
- Legal name: Phillips Financial Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fort Wayne, IN
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131344
- AdvisorCensus page: https://advisorcensus.com/firm/phillips-financial-fort-wayne-in-131344

## Quick answers

**How is Phillips Financial compensated?**
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.

**How much does Phillips Financial charge?**
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.

**Where is Phillips Financial located?**
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).

**Is Phillips Financial registered with the SEC or a state?**
Phillips Financial is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131344.

**How much does Phillips Financial manage?**
Phillips Financial reports $2,636,493,500 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (87% discretionary).

**How have Phillips Financial's assets and staff changed since 2021?**
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.

**What types of clients does Phillips Financial serve?**
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).

**Which custodians does Phillips Financial use?**
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.

**Does Phillips Financial 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/131344

**What changed in Phillips Financial's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Flat fee: $1,500 to $30,000 (financial planning and consulting services)

> 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

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

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: $2,636,493,500
- Discretionary: $2,292,594,620
- Non-discretionary: $343,898,880

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 472 | $195,211,673 |
| High net worth individuals | 416 | $1,505,311,470 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 63 | $552,651,617 |
| Charitable organizations | 10 | $304,923,274 |
| Other investment advisers | 25 | $73,218,991 |
| Corporations or other businesses not listed above | 5 | $5,176,475 |

### 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
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2004 (22 years)
- Employees: 32 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, FL, GA, IL, IN, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, TX, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Carmel, IN

### Websites listed on Form ADV (Item 1.I)
- myphillips.com
- LinkedIn @phillips-financial---employee-benefits
- LinkedIn @phillips-financial-management-llc
- LinkedIn @rickphillipsfinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,106,324,913 | 27 | July 23, 2021 |
| October 2022 | $1,541,096,879 | 30 | August 30, 2022 |
| October 2023 | $1,749,643,216 | 31 | September 18, 2023 |
| October 2024 | $2,057,903,619 | 32 | March 28, 2024 |
| October 2025 | $2,214,893,239 | 31 | May 1, 2025 |
| October 2026 | $2,636,493,500 | 32 | March 17, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

### January 2026
- No longer registered or notice-filed in MN, NH.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Phillips Financial (CRD 131344): Form ADV filing data as of October 2026.