{
  "crd_number": 304019,
  "slug": "sobel-financial-llc-denver-co-304019",
  "primary_business_name": "SOBEL FINANCIAL LLC",
  "legal_name": "SOBEL FINANCIAL LLC",
  "dbas": [],
  "city": "Denver",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "19740",
  "metro": {
    "cbsa_code": "19740",
    "common_name": "Denver",
    "msa_name": "Denver-Aurora-Centennial, CO",
    "path": "/advisors/co/denver"
  },
  "registration_type": "state",
  "registration_status": "APPROVED",
  "registration_date": "2019-09-11",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-09-14",
  "carried_forward": false,
  "raum_total": 16572399.0,
  "raum_discretionary": 0.0,
  "raum_non_discretionary": 16572399.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 12896613.0,
      "count": 50
    },
    "high_net_worth_individuals": {
      "raum": 3675786.0,
      "count": 3,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CO"
  ],
  "websites": [
    "https://linkedin.com/in/ryan-sobel",
    "https://sobelfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/304019",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "DENVER",
  "url": "https://advisorcensus.com/firm/sobel-financial-llc-denver-co-304019",
  "display_name": "Sobel Financial LLC",
  "summary": "Sobel Financial LLC is a state-registered investment advisory firm in Denver, CO, registered since 2019, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 14, 2026.",
  "citation": "AdvisorCensus. Sobel Financial LLC (CRD 304019): Form ADV filing data as of October 2026.",
  "registration_type_label": "State-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Sobel Financial LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sobel Financial LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Sobel Financial LLC located?",
      "a": "Sobel Financial LLC's principal office is in Denver, CO, according to its Form ADV."
    },
    {
      "q": "Is Sobel Financial LLC registered with the SEC or a state?",
      "a": "Sobel Financial LLC is a state-registered investment advisory firm, registered since 2019. Status as filed: APPROVED. CRD 304019."
    },
    {
      "q": "How much does Sobel Financial LLC manage?",
      "a": "Sobel Financial LLC reports $16,572,399 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (0% discretionary)."
    },
    {
      "q": "What types of clients does Sobel Financial LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (50); high net worth individuals (3)."
    },
    {
      "q": "Does Sobel Financial LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/304019"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/sobel-financial-llc-denver-co-304019.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 50,
      "fewer_than_5": false,
      "raum": 12896613.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 3,
      "fewer_than_5": true,
      "raum": 3675786.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/304019",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}