{
  "crd_number": 105397,
  "slug": "professional-advisory-services-inc-vero-beach-fl-105397",
  "primary_business_name": "PROFESSIONAL ADVISORY SERVICES INC",
  "legal_name": "PROFESSIONAL ADVISORY SERVICES INC",
  "dbas": [],
  "city": "Vero Beach",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "42680",
  "metro": {
    "cbsa_code": "42680",
    "common_name": "Sebastian",
    "msa_name": "Sebastian-Vero Beach-West Vero Corridor, FL",
    "path": "/advisors/fl/sebastian"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1978-10-11",
  "years_registered": 47,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 1258746450.0,
  "raum_discretionary": 1258746450.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 13,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0,
      "description": "N/A",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 8145857.0,
      "count": 10
    },
    "individuals": {
      "raum": 198909268.0,
      "count": 344
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 20260188.0,
      "count": 6
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 1015739016.0,
      "count": 252
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 15692121.0,
      "count": 10
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "GA",
    "ID",
    "LA",
    "MA",
    "MT",
    "NC",
    "NH",
    "NJ",
    "NY",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA"
  ],
  "websites": [
    "https://linkedin.com/company/professional-advisory-services-inc",
    "https://pa-services.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105397",
  "city_as_filed": "VERO BEACH",
  "url": "https://advisorcensus.com/firm/professional-advisory-services-inc-vero-beach-fl-105397",
  "display_name": "Professional Advisory Services Inc",
  "summary": "Professional Advisory Services Inc is an SEC-registered investment advisory firm in Vero Beach, FL, registered since 1978, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Professional Advisory Services Inc (CRD 105397): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Professional Advisory Services Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Professional Advisory Services Inc reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Professional Advisory Services Inc's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $500,000: 1% a year; $500,000 to $1,000,000: 0.9% a year; $1,000,000 to $2,000,000: 0.8% a year; $2,000,000 to $3,500,000: 0.7% a year; $3,500,000 to $5,000,000: 0.6% a year; Above $5,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Professional Advisory Services Inc located?",
      "a": "Professional Advisory Services Inc's principal office is in Vero Beach, FL, according to its Form ADV."
    },
    {
      "q": "Is Professional Advisory Services Inc registered with the SEC or a state?",
      "a": "Professional Advisory Services Inc is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 105397."
    },
    {
      "q": "How much does Professional Advisory Services Inc manage?",
      "a": "Professional Advisory Services Inc reports $1,258,746,450 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Professional Advisory Services Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Professional Advisory Services Inc: Regulatory assets under management: $1,050,829,050 in the October 2021 data and $1,258,746,450 in the October 2026 data, up 20%. Total employees: 8 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Professional Advisory Services Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (344); high net worth individuals (252); charitable organizations (10)."
    },
    {
      "q": "Which custodians does Professional Advisory Services Inc use?",
      "a": "Professional Advisory Services Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon NA as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Professional Advisory Services Inc 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/105397"
    },
    {
      "q": "What changed in Professional Advisory Services Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Registered or notice-filed in LA, TN. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1050829050.0,
      "total_employees": 8,
      "filing_date": "2021-08-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1197042297.0,
      "total_employees": 13,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1030856526.0,
      "total_employees": 13,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1144075256.0,
      "total_employees": 13,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1201355718.0,
      "total_employees": 14,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1258746450.0,
      "total_employees": 13,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Registered or notice-filed in LA, TN.",
        "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 LA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1%"
      },
      {
        "band": "$500,000 to $1,000,000",
        "rate": "0.9%"
      },
      {
        "band": "$1,000,000 to $2,000,000",
        "rate": "0.8%"
      },
      {
        "band": "$2,000,000 to $3,500,000",
        "rate": "0.7%"
      },
      {
        "band": "$3,500,000 to $5,000,000",
        "rate": "0.6%"
      },
      {
        "band": "Above $5,000,000",
        "rate": "0.5%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 1% a year",
          "$500,000 to $1,000,000: 0.9% a year",
          "$1,000,000 to $2,000,000: 0.8% a year",
          "$2,000,000 to $3,500,000: 0.7% a year",
          "$3,500,000 to $5,000,000: 0.6% a year",
          "Above $5,000,000: 0.5% a year"
        ],
        "quotes": [
          "We work strictly on a fee for service basis calculated on dollars under management. Our fee begins at 1% annually, with a declining rate structure beyond the first $500,000.",
          "First $500,000 1.0% of Asset Value\nAdditional $500,000 0.9% of Asset Value\nAdditional $1,000,000 0.8% of Asset Value",
          "Additional $1,500,000 0.7 % of Asset Value\nAdditional $1,500,000 0.6% of Asset Value\nAll Additional 0.5% of Asset Value"
        ]
      }
    ],
    "quotes": [
      "We work strictly on a fee for service basis calculated on dollars under management. Our fee begins at 1% annually, with a declining rate structure beyond the first $500,000.",
      "First $500,000 1.0% of Asset Value\nAdditional $500,000 0.9% of Asset Value\nAdditional $1,000,000 0.8% of Asset Value",
      "Additional $1,500,000 0.7 % of Asset Value\nAdditional $1,500,000 0.6% of Asset Value\nAll Additional 0.5% of Asset Value"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "BNY Mellon NA",
      "name_as_filed": "BNY MELLON NA",
      "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/professional-advisory-services-inc-vero-beach-fl-105397.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 344,
      "fewer_than_5": false,
      "raum": 198909268.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 252,
      "fewer_than_5": false,
      "raum": 1015739016.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 20260188.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 10,
      "fewer_than_5": false,
      "raum": 8145857.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 10,
      "fewer_than_5": false,
      "raum": 15692121.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    }
  ],
  "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/105397",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}