AdvisorCensus / Financial advisors / Virginia / Richmond / Sima Retirement Solutions, LLC
Sima Retirement Solutions, LLC is an SEC-registered investment advisory firm in Richmond, VA, registered since 2024, with no regulatory assets under management reported in its Form ADV filing dated August 3, 2026.
Quick answers
From the filingHow is Sima Retirement Solutions, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Sima Retirement Solutions, LLC reports these compensation arrangements: hourly charges; other.
What does Sima Retirement Solutions, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated August 3, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Sima Retirement Solutions, LLC located?
Sima Retirement Solutions, LLC's principal office is in Richmond, VA, according to its Form ADV.
Is Sima Retirement Solutions, LLC registered with the SEC or a state?
Sima Retirement Solutions, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 286030.
How have Sima Retirement Solutions, LLC's assets and staff changed since 2025?
In the Form ADV data for Sima Retirement Solutions, LLC: Total employees: 7 in October 2025 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
Does Sima Retirement Solutions, 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/286030
Does Sima Retirement Solutions, LLC state an account minimum?
Its Form ADV Part 2A brochure dated August 3, 2026 says: "SIMA Retirement requires a minimum of $500,000 to open and maintain an advisory relationship. At our sole discretion, we may waive this requirement."
What changed in Sima Retirement Solutions, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6.
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- Hourly charges
- Other
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 2AAsset-based fee: up to 1% of assets a year (the maximum the brochure states)
The brochure's wording
The maximum fee will not exceed 1.00% of the plan assets. Hourly fees will not exceed $300/hour. Annual and project-based fees will be determined based on the time needed to complete the service.
Account minimum: $500,000 (the brochure says it may be waived or negotiated)
The brochure's wording
SIMA Retirement requires a minimum of $500,000 to open and maintain an advisory relationship. At our sole discretion, we may waive this requirement.
As stated in the firm's Form ADV Part 2A brochure dated August 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.FNot reported.
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- Pension consulting services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2024 (1 year)
- Employees
- Total: 6. Performing investment advisory functions: 6.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
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 | Not reported | 6 | August 3, 2026 |
| October 2025 | Not reported | 7 | March 24, 2025 |
Total employees: 7 in October 2025 and 6 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
- Employees performing advisory functions went from 5 to 6.
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. Sima Retirement Solutions, LLC (CRD 286030): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/sima-retirement-solutions-llc-richmond-va-286030