# 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.

- CRD: 317435
- Filed as: SCHERER FINANCIAL ADVISORY SERVICES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: May 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/317435
- AdvisorCensus page: https://advisorcensus.com/firm/scherer-financial-advisory-services-llc-dallas-tx-317435

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Commissions

### Fees and minimums (Form ADV Part 2A brochure dated May 8, 2026)

- Account minimum: None

> There is no account minimum account or relationship size for any of SFAS's services.

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

### Custodians (Schedule D, Section 5.K(3))
- Raymond James & Associates, 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: $158,346,728
- Discretionary: $133,087,759
- Non-discretionary: $25,258,969

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 119 | $25,683,050 |
| High net worth individuals | 59 | $132,663,678 |
| Banking or thrift institutions | 0 | $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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2021 (4 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: LA, MA, MO, NH, OK, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- schererfinancial.net

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $122,358,807 | 2 | April 18, 2022 |
| October 2023 | $107,205,753 | 2 | March 15, 2023 |
| October 2024 | $127,339,660 | 5 | August 9, 2024 |
| October 2025 | $138,800,860 | 6 | March 17, 2025 |
| October 2026 | $158,346,728 | 5 | May 8, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Scherer Financial Advisory Services, LLC (CRD 317435): Form ADV filing data as of October 2026.