# San Blas Advisory, Inc.

> San Blas Advisory, Inc. is an SEC-registered investment advisory firm in Atlanta, GA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 25, 2026.

- CRD: 296929
- Filed as: SAN BLAS ADVISORY, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Atlanta, GA
- Filing period: October 2026
- Form ADV filing dated: August 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/296929
- AdvisorCensus page: https://advisorcensus.com/firm/san-blas-advisory-inc-atlanta-ga-296929

## Quick answers

**How is San Blas Advisory, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), San Blas Advisory, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does San Blas Advisory, Inc. charge?**
Its Form ADV Part 2A brochure dated April 23, 2026 states: Hourly rate: up to $200 an hour (hourly financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is San Blas Advisory, Inc. located?**
San Blas Advisory, Inc.'s principal office is in Atlanta, GA, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is San Blas Advisory, Inc. registered with the SEC or a state?**
San Blas Advisory, Inc. is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 296929.

**How much does San Blas Advisory, Inc. manage?**
San Blas Advisory, Inc. reports $218,880,000 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (99% discretionary).

**What types of clients does San Blas Advisory, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (601); high net worth individuals (63); investment companies (1).

**Which custodians does San Blas Advisory, Inc. use?**
San Blas Advisory, Inc.'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.

**Does San Blas Advisory, 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/296929

**Does San Blas Advisory, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated April 23, 2026 says: "There is currently no minimum account size to open an account with our firm."

**What changed in San Blas Advisory, Inc.'s recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in LA.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 23, 2026)

- Account minimum: None

> There is currently no minimum account size to open an account with our firm.

- Hourly rate: up to $200 an hour (hourly financial planning and consulting services)

> The Client will be assessed a maximum fee of $200/hour. Fees for hourly financial planning and consulting services are negotiable between the Client and SBAI

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $218,880,000
- Discretionary: $216,537,000
- Non-discretionary: $2,343,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 601 | $149,303,000 |
| High net worth individuals | 63 | $69,545,000 |
| Investment companies | 1 | $32,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 13 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, DC, DE, FL, GA, IL, IN, LA, MD, MO, MS, NC, NJ, NM, NV, NY, OH, PA, PR, SC, TN, TX, UT, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Fort Wayne, IN
- Miami Lakes, FL

### Websites listed on Form ADV (Item 1.I)
- hyacinthhenderson.com
- mohlmanwealthmanagement.com
- thehendersonfinancialgroup.com
- zofingenpwm.com

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in LA.

### June 2026
- Registered or notice-filed in PR.

### May 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. San Blas Advisory, Inc. (CRD 296929): Form ADV filing data as of October 2026.