{
  "crd_number": 328247,
  "slug": "schmidt-financial-management-kirkland-wa-328247",
  "primary_business_name": "SCHMIDT FINANCIAL MANAGEMENT",
  "legal_name": "SCHMIDT FINANCIAL MANAGEMENT, INC.",
  "dbas": [],
  "city": "Kirkland",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "42660",
  "metro": {
    "cbsa_code": "42660",
    "common_name": "Seattle",
    "msa_name": "Seattle-Tacoma-Bellevue, WA",
    "path": "/advisors/wa/seattle"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-09-29",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 497527086.0,
  "raum_discretionary": 485360202.0,
  "raum_non_discretionary": 12166884.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 15133412.0,
      "count": 43
    },
    "high_net_worth_individuals": {
      "raum": 482393674.0,
      "count": 97
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "periodicals_newsletters",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "TX",
    "WA"
  ],
  "websites": [
    "https://facebook.com/schmidtfm",
    "https://instagram.com/schmidtfinancialmanagement",
    "https://linkedin.com/company/schmidt-financial-management",
    "https://schmidtfm.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/328247",
  "city_as_filed": "KIRKLAND",
  "url": "https://advisorcensus.com/firm/schmidt-financial-management-kirkland-wa-328247",
  "display_name": "Schmidt Financial Management",
  "summary": "Schmidt Financial Management is an SEC-registered investment advisory firm in Kirkland, WA, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Schmidt Financial Management (CRD 328247): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is Schmidt Financial Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Schmidt Financial Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Schmidt Financial Management located?",
      "a": "Schmidt Financial Management's principal office is in Kirkland, WA, according to its Form ADV."
    },
    {
      "q": "Is Schmidt Financial Management registered with the SEC or a state?",
      "a": "Schmidt Financial Management is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 328247."
    },
    {
      "q": "How much does Schmidt Financial Management manage?",
      "a": "Schmidt Financial Management reports $497,527,086 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (98% discretionary)."
    },
    {
      "q": "How have Schmidt Financial Management's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Schmidt Financial Management: Regulatory assets under management: $0 in the October 2023 data and $497,527,086 in the October 2026 data. Total employees: 5 in October 2023 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Schmidt Financial Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (97); individuals (other than high net worth individuals) (43)."
    },
    {
      "q": "Which custodians does Schmidt Financial Management use?",
      "a": "Schmidt Financial Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Schmidt Financial Management 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/328247"
    },
    {
      "q": "Does Schmidt Financial Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"SFM requires a minimum of $5,000,000 to establish a new investment management relationship. However, the minimum may be waived at the sole discretion of the Adviser.\""
    },
    {
      "q": "What changed in Schmidt Financial Management's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $445,492,467 to $492,927,096 (+11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 5,
      "filing_date": "2023-09-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 412098817.0,
      "total_employees": 6,
      "filing_date": "2024-08-13"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 445492467.0,
      "total_employees": 7,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 497527086.0,
      "total_employees": 7,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $445,492,467 to $492,927,096 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$5,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "SFM requires a minimum of $5,000,000 to establish a new investment management relationship. However, the minimum may be waived at the sole discretion of the Adviser."
        ]
      }
    ],
    "quotes": [
      "SFM requires a minimum of $5,000,000 to establish a new investment management relationship. However, the minimum may be waived at the sole discretion of the Adviser."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "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/schmidt-financial-management-kirkland-wa-328247.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 43,
      "fewer_than_5": false,
      "raum": 15133412.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 97,
      "fewer_than_5": false,
      "raum": 482393674.0
    }
  ],
  "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/328247",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}