AdvisorCensus / Financial advisors / Texas / Dallas / Scherer Financial Advisory Services, LLC
Scherer Financial Advisory Services, LLC
Filed as SCHERER FINANCIAL ADVISORY SERVICES, LLC
Scherer Financial Advisory Services, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 8, 2026.
Quick answers
From the filingHow is Scherer Financial Advisory Services, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Scherer Financial Advisory Services, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; commissions.
Where is Scherer Financial Advisory Services, LLC located?
Scherer Financial Advisory Services, LLC's principal office is in Dallas, TX, according to its Form ADV.
Is Scherer Financial Advisory Services, LLC registered with the SEC or a state?
Scherer Financial Advisory Services, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 317435.
How much does Scherer Financial Advisory Services, LLC manage?
Scherer Financial Advisory Services, LLC reports $158,346,728 in regulatory assets under management in its Form ADV filing dated May 8, 2026 (84% discretionary).
How have Scherer Financial Advisory Services, LLC's assets and staff changed since 2022?
In the Form ADV data for Scherer Financial Advisory Services, LLC: Regulatory assets under management: $122,358,807 in the October 2022 data and $158,346,728 in the October 2026 data, up 29%. Total employees: 2 in October 2022 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Scherer Financial Advisory Services, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (119); high net worth individuals (59).
Which custodians does Scherer Financial Advisory Services, LLC use?
Scherer Financial Advisory Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Scherer Financial Advisory Services, LLC 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/317435
Does Scherer Financial Advisory Services, LLC state an account minimum?
Its Form ADV Part 2A brochure dated May 8, 2026 says: "There is no account minimum account or relationship size for any of SFAS's services."
What changed in Scherer Financial Advisory Services, LLC's recent Form ADV filings?
In the May 2026 filing data: Registered or notice-filed in NH.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Commissions
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
There is no account minimum account or relationship size for any of SFAS's services.
As stated in the firm's Form ADV Part 2A brochure dated May 8, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$158,346,728 as of October 2026, filing dated May 8, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (4 years)
- Employees
- Total: 5. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
7 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $158,346,728 | 5 | May 8, 2026 |
| October 2025 | $138,800,860 | 6 | March 17, 2025 |
| October 2024 | $127,339,660 | 5 | August 9, 2024 |
| October 2023 | $107,205,753 | 2 | March 15, 2023 |
| October 2022 | $122,358,807 | 2 | April 18, 2022 |
Regulatory assets under management: $122,358,807 in the October 2022 data and $158,346,728 in the October 2026 data, up 29%.
Total employees: 2 in October 2022 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- May 2026
- Registered or notice-filed in NH.
- April 2026
- Regulatory assets under management went from $138,800,860 to $158,346,728 (+14%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Scherer Financial Advisory Services, LLC (CRD 317435): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/scherer-financial-advisory-services-llc-dallas-tx-317435