AdvisorCensus / Financial advisors / Sierra Financial Advisory
Sierra Financial Advisory
Filed as SIERRA FINANCIAL ADVISORY · Legal name Sierra Financial Advisory Incorporated
Sierra Financial Advisory is an SEC-registered investment advisory firm, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 3, 2026.
Quick answers
From the filingHow is Sierra Financial Advisory compensated?
On its Form ADV (Item 5.E, October 2026), Sierra Financial Advisory reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions.
How much does Sierra Financial Advisory charge?
Its Form ADV Part 2A brochure dated March 3, 2026 states: Up to $100,000: 1.5% a year; $100,001 to $2,500,000: 1% a year; Above $2,500,001: 0.6% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Is Sierra Financial Advisory registered with the SEC or a state?
Sierra Financial Advisory is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 130934.
How much does Sierra Financial Advisory manage?
Sierra Financial Advisory reports $144,930,000 in regulatory assets under management in its Form ADV filing dated March 3, 2026 (96% discretionary).
How have Sierra Financial Advisory's assets and staff changed since 2021?
In the Form ADV data for Sierra Financial Advisory: Regulatory assets under management: $113,480,000 in the October 2021 data and $144,930,000 in the October 2026 data, up 28%. Total employees: 3 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Sierra Financial Advisory serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (128); high net worth individuals (45).
Does Sierra Financial Advisory 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/130934
Does Sierra Financial Advisory state an account minimum?
Its Form ADV Part 2A brochure dated March 3, 2026 says: "Minimum portfolio size for advisory management is $500,000 per client or household. This minimum is a total aggregate of assets to be managed and is not a required balance for each individual client account."
What changed in Sierra Financial Advisory's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $126,197,772 to $144,930,000 (+15%).
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
- Fixed fees (other than subscription fees)
- 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 2A| Assets | Annual rate |
|---|---|
| Up to $100,000 | 1.5% |
| $100,001 to $2,500,000 | 1% |
| Above $2,500,001 | 0.6% |
The brochure's wording
The standard fee schedule is: Value of Invested Assets* Quarterly Fee Annualized Rate Up to $100,000 0.375% 1.50% $100,001 to $2,500,000 0.25% 1.00% Over $2,500,001 0.15% 0.60%
Account minimum: $500,000
The brochure's wording
Minimum portfolio size for advisory management is $500,000 per client or household. This minimum is a total aggregate of assets to be managed and is not a required balance for each individual client account.
As stated in the firm's Form ADV Part 2A brochure dated March 3, 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$144,930,000 as of October 2026, filing dated March 3, 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
Registration and firm details
Items 1, 2, 5- Legal name
- Sierra Financial Advisory Incorporated
- Also doing business as
- JOSEPH TOMKIEWICZ, MICHAEL TOMKIEWICZ
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2019 (7 years)
- Employees
- Total: 2. Performing investment advisory functions: 2.
- Wrap fee program participation
- Yes.
- States registered or notice-filed
-
4 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 | $144,930,000 | 2 | March 3, 2026 |
| October 2025 | $126,197,772 | 2 | March 18, 2025 |
| October 2024 | $106,000,000 | 2 | May 17, 2024 |
| October 2023 | $98,714,013 | 2 | March 23, 2023 |
| October 2022 | $122,772,709 | 2 | March 18, 2022 |
| October 2021 | $113,480,000 | 3 | March 22, 2021 |
Regulatory assets under management: $113,480,000 in the October 2021 data and $144,930,000 in the October 2026 data, up 28%.
Total employees: 3 in October 2021 and 2 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- April 2026
- Regulatory assets under management went from $126,197,772 to $144,930,000 (+15%).
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. Sierra Financial Advisory (CRD 130934): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/sierra-financial-advisory-130934