# Tandem Financial, LLC

> Tandem Financial, LLC is an SEC-registered investment advisory firm in Greenwood Village, CO, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 4, 2026.

- CRD: 292565
- Filed as: TANDEM FINANCIAL, LLC
- Also doing business as: FEARLESS FINANCIAL ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenwood Village, CO
- Filing period: October 2026
- Form ADV filing dated: August 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/292565
- AdvisorCensus page: https://advisorcensus.com/firm/tandem-financial-llc-greenwood-village-co-292565

## Quick answers

**How is Tandem Financial, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Tandem Financial, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Tandem Financial, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1.25% 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 Tandem Financial, LLC located?**
Tandem Financial, LLC's principal office is in Greenwood Village, CO, according to its Form ADV.

**Is Tandem Financial, LLC registered with the SEC or a state?**
Tandem Financial, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 292565.

**How much does Tandem Financial, LLC manage?**
Tandem Financial, LLC reports $541,816,993 in regulatory assets under management in its Form ADV filing dated August 4, 2026 (95% discretionary).

**How have Tandem Financial, LLC's assets and staff changed since 2021?**
In the Form ADV data for Tandem Financial, LLC: Regulatory assets under management: $201,762,003 in the October 2021 data and $541,816,993 in the October 2026 data, up 169%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tandem Financial, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (312); high net worth individuals (135); charitable organizations (5).

**Which custodians does Tandem Financial, LLC use?**
Tandem Financial, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Tandem Financial, 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/292565

**Does Tandem Financial, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Tandem Financial has no minimum account size for opening or maintaining an account."

**What changed in Tandem Financial, LLC's recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in VA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)

> Our maximum annual advisory fee is 1.25%. Tandem Financial may impose a minimum annual advisory fee of $2,500 per household, however, advisory fees are negotiable at the firm’s discretion.

> For Retirement Plan Advisory Services compensation, we charge an advisory fee as negotiated with the Plan Sponsor and as disclosed in the Employer Sponsored Retirement Plans Consulting Agreement

- Account minimum: None

> Tandem Financial has no minimum account size for opening or maintaining an account.

- Minimum annual fee: $2,500

> Tandem Financial may impose a minimum annual advisory fee of $2,500 per household, however, advisory fees are negotiable at the firm’s discretion.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services 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: $541,816,993
- Discretionary: $513,444,435
- Non-discretionary: $28,372,558

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 312 | $90,150,771 |
| High net worth individuals | 135 | $409,213,582 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $823,676 |
| Charitable organizations | 5 | $40,351,229 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 4 | $1,277,735 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, LA, MT, NM, TX, UT, VA, VI, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [fearlessfinancialadvisors.com](https://fearlessfinancialadvisors.com)
- [meritorcapital.com](https://meritorcapital.com)
- [tandem-financial.com](https://tandem-financial.com)
- Facebook facebook.com
- Facebook @tandemfinancialllc
- LinkedIn @18513126
- LinkedIn @fearless-financial-advisors
- LinkedIn @michael-franklin-tandem-financial-llc-7a08516
- LinkedIn @ryan-erickson-cfp-6557036
- YouTube @FearlessFinancialAdvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $201,762,003 | 4 | July 21, 2021 |
| October 2022 | $224,545,051 | 6 | May 18, 2022 |
| October 2023 | $218,703,065 | 6 | March 29, 2023 |
| October 2024 | $255,117,026 | 6 | August 1, 2024 |
| October 2025 | $291,204,848 | 6 | March 21, 2025 |
| October 2026 | $541,816,993 | 6 | August 4, 2026 |

Regulatory assets under management: $201,762,003 in the October 2021 data and $541,816,993 in the October 2026 data, up 169%.
Total employees: 4 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in VA.

### August 2026
- Registered or notice-filed in NM.

### July 2026
- Registered or notice-filed in VI, WI.

### April 2026
- Employees performing advisory functions went from 3 to 6.
- Regulatory assets under management went from $291,204,848 to $541,816,993 (+86%).

### January 2026
- No longer registered or notice-filed in CT, NE.

### December 2025
- Registered or notice-filed in UT.

### November 2025
- Added the business name Fearless Financial Advisors.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tandem Financial, LLC (CRD 292565): Form ADV filing data as of October 2026.