{
  "crd_number": 130934,
  "slug": "sierra-financial-advisory-130934",
  "primary_business_name": "SIERRA FINANCIAL ADVISORY",
  "legal_name": "SIERRA FINANCIAL ADVISORY INCORPORATED",
  "dbas": [
    "JOSEPH TOMKIEWICZ",
    "MICHAEL TOMKIEWICZ"
  ],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-08-22",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-03-03",
  "carried_forward": false,
  "raum_total": 144930000.0,
  "raum_discretionary": 138586000.0,
  "raum_non_discretionary": 6344000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 1253172.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 41351666.0,
      "count": 128
    },
    "pension_profit_sharing": {
      "raum": 6200000.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 96125162.0,
      "count": 45
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "OR",
    "TX"
  ],
  "websites": [
    "https://sierrafinancialadvisory.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/130934",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/sierra-financial-advisory-130934",
  "display_name": "Sierra Financial Advisory",
  "summary": "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.",
  "citation": "AdvisorCensus. Sierra Financial Advisory (CRD 130934): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Sierra Financial Advisory compensated?",
      "a": "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."
    },
    {
      "q": "How much does Sierra Financial Advisory charge?",
      "a": "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."
    },
    {
      "q": "Is Sierra Financial Advisory registered with the SEC or a state?",
      "a": "Sierra Financial Advisory is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 130934."
    },
    {
      "q": "How much does Sierra Financial Advisory manage?",
      "a": "Sierra Financial Advisory reports $144,930,000 in regulatory assets under management in its Form ADV filing dated March 3, 2026 (96% discretionary)."
    },
    {
      "q": "How have Sierra Financial Advisory's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Sierra Financial Advisory serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (128); high net worth individuals (45)."
    },
    {
      "q": "Does Sierra Financial Advisory 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/130934"
    },
    {
      "q": "Does Sierra Financial Advisory state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in Sierra Financial Advisory's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $126,197,772 to $144,930,000 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 113480000.0,
      "total_employees": 3,
      "filing_date": "2021-03-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 122772709.0,
      "total_employees": 2,
      "filing_date": "2022-03-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 98714013.0,
      "total_employees": 2,
      "filing_date": "2023-03-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 106000000.0,
      "total_employees": 2,
      "filing_date": "2024-05-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 126197772.0,
      "total_employees": 2,
      "filing_date": "2025-03-18"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 144930000.0,
      "total_employees": 2,
      "filing_date": "2026-03-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $126,197,772 to $144,930,000 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 3, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $100,000",
        "rate": "1.5%"
      },
      {
        "band": "$100,001 to $2,500,000",
        "rate": "1%"
      },
      {
        "band": "Above $2,500,001",
        "rate": "0.6%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "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"
        ],
        "quotes": [
          "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%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 100000.0,
          "rate_pct": 1.5
        },
        {
          "min": 100001.0,
          "max": 2500000.0,
          "rate_pct": 1.0
        },
        {
          "min": 2500001.0,
          "max": null,
          "rate_pct": 0.6
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "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%",
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/sierra-financial-advisory-130934.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 128,
      "fewer_than_5": false,
      "raum": 41351666.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 45,
      "fewer_than_5": false,
      "raum": 96125162.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 6200000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 1253172.0
    }
  ],
  "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/130934",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}