# Schmidt Financial Management

> 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.

- CRD: 328247
- Filed as: SCHMIDT FINANCIAL MANAGEMENT
- Legal name: Schmidt Financial Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Kirkland, WA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/328247
- AdvisorCensus page: https://advisorcensus.com/firm/schmidt-financial-management-kirkland-wa-328247

## Quick answers

**How is Schmidt Financial Management compensated?**
On its Form ADV (Item 5.E, October 2026), Schmidt Financial Management reports these compensation arrangements: a percentage of assets under its management.

**Where is Schmidt Financial Management located?**
Schmidt Financial Management's principal office is in Kirkland, WA, according to its Form ADV.

**Is Schmidt Financial Management registered with the SEC or a state?**
Schmidt Financial Management is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 328247.

**How much does Schmidt Financial Management manage?**
Schmidt Financial Management reports $497,527,086 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (98% discretionary).

**How have Schmidt Financial Management's assets and staff changed since 2023?**
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.

**What types of clients does Schmidt Financial Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (97); individuals (other than high net worth individuals) (43).

**Which custodians does Schmidt Financial Management use?**
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.

**Does Schmidt Financial Management 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/328247

**Does Schmidt Financial Management state an account minimum?**
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."

**What changed in Schmidt Financial Management's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $445,492,467 to $492,927,096 (+11%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing Advisor Solutions LLC

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: $497,527,086
- Discretionary: $485,360,202
- Non-discretionary: $12,166,884

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 43 | $15,133,412 |
| High net worth individuals | 97 | $482,393,674 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 7 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- schmidtfm.com
- Facebook @schmidtfm
- Instagram @schmidtfinancialmanagement
- LinkedIn @schmidt-financial-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $0 | 5 | September 8, 2023 |
| October 2024 | $412,098,817 | 6 | August 13, 2024 |
| October 2025 | $445,492,467 | 7 | March 31, 2025 |
| October 2026 | $497,527,086 | 7 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $445,492,467 to $492,927,096 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Schmidt Financial Management (CRD 328247): Form ADV filing data as of October 2026.