# Professional Advisory Services Inc

> 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.

- CRD: 105397
- Filed as: PROFESSIONAL ADVISORY SERVICES INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Vero Beach, FL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105397
- AdvisorCensus page: https://advisorcensus.com/firm/professional-advisory-services-inc-vero-beach-fl-105397

## Quick answers

**How is Professional Advisory Services Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Professional Advisory Services Inc reports these compensation arrangements: a percentage of assets under its management.

**How much does Professional Advisory Services Inc charge?**
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.

**Where is Professional Advisory Services Inc located?**
Professional Advisory Services Inc's principal office is in Vero Beach, FL, according to its Form ADV.

**Is Professional Advisory Services Inc registered with the SEC or a state?**
Professional Advisory Services Inc is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 105397.

**How much does Professional Advisory Services Inc manage?**
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).

**How have Professional Advisory Services Inc's assets and staff changed since 2021?**
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.

**What types of clients does Professional Advisory Services Inc serve?**
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).

**Which custodians does Professional Advisory Services Inc use?**
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.

**Does Professional Advisory Services Inc 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/105397

**What changed in Professional Advisory Services Inc's recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in LA, TN. 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

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

- 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

> 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 Additional $500,000 0.9% of Asset Value Additional $1,000,000 0.8% of Asset Value

> Additional $1,500,000 0.7 % of Asset Value Additional $1,500,000 0.6% of Asset Value All Additional 0.5% of Asset Value

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon NA

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: $1,258,746,450
- Discretionary: $1,258,746,450
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 344 | $198,909,268 |
| High net worth individuals | 252 | $1,015,739,016 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $20,260,188 |
| Charitable organizations | 10 | $8,145,857 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 10 | $15,692,121 |
| Other | Fewer than 5 | $0 |

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

### Firm details
- Registered since: 1978 (47 years)
- Employees: 13 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, ID, LA, MA, MT, NC, NH, NJ, NY, PA, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- pa-services.com
- LinkedIn @professional-advisory-services-inc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,050,829,050 | 8 | August 17, 2021 |
| October 2022 | $1,197,042,297 | 13 | March 31, 2022 |
| October 2023 | $1,030,856,526 | 13 | March 29, 2023 |
| October 2024 | $1,144,075,256 | 13 | March 29, 2024 |
| October 2025 | $1,201,355,718 | 14 | March 31, 2025 |
| October 2026 | $1,258,746,450 | 13 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in LA, TN.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Professional Advisory Services Inc (CRD 105397): Form ADV filing data as of October 2026.