{
  "crd_number": 289347,
  "slug": "prossimo-advisors-llc-san-luis-obispo-ca-289347",
  "primary_business_name": "PROSSIMO ADVISORS LLC",
  "legal_name": "PROSSIMO ADVISORS LLC",
  "dbas": [],
  "city": "San Luis Obispo",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "42020",
  "metro": {
    "cbsa_code": "42020",
    "common_name": "San Luis Obispo",
    "msa_name": "San Luis Obispo-Paso Robles, CA",
    "path": "/advisors/ca/san-luis-obispo"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-05-11",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 238503090.0,
  "raum_discretionary": 238503090.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 14340077.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 1282849.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 3911249.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 201771752.0,
      "count": 26
    },
    "corporations_other_businesses": {
      "raum": 17197163.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "TX"
  ],
  "websites": [
    "https://prossimoadvisors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/289347",
  "city_as_filed": "SAN LUIS OBISPO",
  "url": "https://advisorcensus.com/firm/prossimo-advisors-llc-san-luis-obispo-ca-289347",
  "display_name": "Prossimo Advisors LLC",
  "summary": "Prossimo Advisors LLC is an SEC-registered investment advisory firm in San Luis Obispo, CA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.",
  "citation": "AdvisorCensus. Prossimo Advisors LLC (CRD 289347): 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)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Prossimo Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Prossimo Advisors LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "How much does Prossimo Advisors LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 26, 2026 states: Flat fee: $60,000 a year (family office and business oversight services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Prossimo Advisors LLC located?",
      "a": "Prossimo Advisors LLC's principal office is in San Luis Obispo, CA, according to its Form ADV."
    },
    {
      "q": "Is Prossimo Advisors LLC registered with the SEC or a state?",
      "a": "Prossimo Advisors LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 289347."
    },
    {
      "q": "How much does Prossimo Advisors LLC manage?",
      "a": "Prossimo Advisors LLC reports $238,503,090 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have Prossimo Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Prossimo Advisors LLC: Regulatory assets under management: $138,295,495 in the October 2021 data and $238,503,090 in the October 2026 data, up 72%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Prossimo Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (26)."
    },
    {
      "q": "Which custodians does Prossimo Advisors LLC use?",
      "a": "Prossimo Advisors LLC'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."
    },
    {
      "q": "Does Prossimo Advisors LLC 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/289347"
    },
    {
      "q": "What changed in Prossimo Advisors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $196,294,029 to $238,503,090 (+22%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 138295495.0,
      "total_employees": 4,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 181348260.0,
      "total_employees": 4,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 152577268.0,
      "total_employees": 4,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 175287205.0,
      "total_employees": 4,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 196294029.0,
      "total_employees": 4,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 238503090.0,
      "total_employees": 4,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $196,294,029 to $238,503,090 (+22%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 26, 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: $60,000 a year (family office and business oversight services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $60,000 a year (family office and business oversight services)"
        ],
        "quotes": [
          "Fees for family office and business oversight services are generally fixed annual fee arrangements, paid in equal quarterly installments, in advance. Fees for family office and business oversight services begin at $60,000 per year."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 60000.0,
          "min": null,
          "max": null,
          "period": "annual",
          "service": "family office and business oversight services"
        }
      ]
    },
    "quotes": [
      "Fees for family office and business oversight services are generally fixed annual fee arrangements, paid in equal quarterly installments, in advance. Fees for family office and business oversight services begin at $60,000 per year."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/prossimo-advisors-llc-san-luis-obispo-ca-289347.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 1282849.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 26,
      "fewer_than_5": false,
      "raum": 201771752.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 3911249.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 14340077.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 17197163.0
    }
  ],
  "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/289347",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}