# Tenon Financial

> Tenon Financial is an SEC-registered investment advisory firm in Metuchen, NJ, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 7, 2026.

- CRD: 305581
- Filed as: TENON FINANCIAL
- Legal name: Tenon Financial LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Metuchen, NJ
- Filing period: October 2026
- Form ADV filing dated: January 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305581
- AdvisorCensus page: https://advisorcensus.com/firm/tenon-financial-metuchen-nj-305581

## Quick answers

**How is Tenon Financial compensated?**
On its Form ADV (Item 5.E, October 2026), Tenon Financial reports these compensation arrangements: fixed fees (other than subscription fees).

**Where is Tenon Financial located?**
Tenon Financial's principal office is in Metuchen, NJ, according to its Form ADV.

**Is Tenon Financial registered with the SEC or a state?**
Tenon Financial is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 305581.

**How much does Tenon Financial manage?**
Tenon Financial reports $316,033,549 in regulatory assets under management in its Form ADV filing dated January 7, 2026 (100% discretionary).

**How have Tenon Financial's assets and staff changed since 2023?**
In the Form ADV data for Tenon Financial: Regulatory assets under management: $100,806,675 in the October 2023 data and $316,033,549 in the October 2026 data, up 214%. Total employees: 2 in October 2023 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tenon Financial serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (95); individuals (other than high net worth individuals) (4); charitable organizations (1).

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

**Does Tenon Financial 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/305581

**Does Tenon Financial state an account minimum?**
Its Form ADV Part 2A brochure dated January 7, 2026 says: "We do not have a minimum account size requirement."

**What changed in Tenon Financial's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $208,315,421 to $316,033,549 (+52%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated January 7, 2026)

- Account minimum: None

> We do not have a minimum account size requirement.

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.

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: $316,033,549
- Discretionary: $316,033,549
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4 | $3,143,016 |
| High net worth individuals | 95 | $312,791,742 |
| Charitable organizations | 1 | $98,791 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2023 (3 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, LA, MA, NC, NH, NJ, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tenonfinancial.com
- Facebook @tenonfinancial
- LinkedIn @tenonfinancial
- X @tenonfinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $100,806,675 | 2 | August 23, 2023 |
| October 2024 | $130,931,084 | 2 | August 13, 2024 |
| October 2025 | $208,315,421 | 3 | July 22, 2025 |
| October 2026 | $316,033,549 | 3 | January 7, 2026 |

Regulatory assets under management: $100,806,675 in the October 2023 data and $316,033,549 in the October 2026 data, up 214%.
Total employees: 2 in October 2023 and 3 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $208,315,421 to $316,033,549 (+52%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tenon Financial (CRD 305581): Form ADV filing data as of October 2026.