# TFB Advisors, LLC

> TFB Advisors, LLC is an SEC-registered investment advisory firm in Overland Park, KS, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.

- CRD: 321870
- Filed as: TFB ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Overland Park, KS
- Filing period: October 2026
- Form ADV filing dated: April 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/321870
- AdvisorCensus page: https://advisorcensus.com/firm/tfb-advisors-llc-overland-park-ks-321870

## Quick answers

**How is TFB Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), TFB Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is TFB Advisors, LLC located?**
TFB Advisors, LLC's principal office is in Overland Park, KS, according to its Form ADV; the May 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is TFB Advisors, LLC registered with the SEC or a state?**
TFB Advisors, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 321870.

**How much does TFB Advisors, LLC manage?**
TFB Advisors, LLC reports $840,165,115 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (100% discretionary).

**How have TFB Advisors, LLC's assets and staff changed since 2022?**
In the Form ADV data for TFB Advisors, LLC: Regulatory assets under management: $0 in the October 2022 data and $840,165,115 in the October 2026 data. Total employees: 7 in October 2022 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TFB Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,156); high net worth individuals (170); corporations or other businesses not listed above (17).

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

**Does TFB Advisors, 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/321870

**What changed in TFB Advisors, LLC's recent Form ADV filings?**
In the May 2026 filing data: Registered or notice-filed in LA, MD.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Assetmark, Inc
- 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: $840,165,115
- Discretionary: $840,165,115
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,156 | $369,295,128 |
| High net worth individuals | 170 | $428,640,372 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $8,196,747 |
| Charitable organizations | 4 | $1,390,736 |
| Corporations or other businesses not listed above | 17 | $32,642,132 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 23 total, 19 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CO, FL, IA, IL, KS, LA, MD, MN, MO, NC, NE, NM, NY, OH, OK, TX, UT, WA, WI, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Beaufort, MO
- Clovis, NM
- Lakewood, CO
- Prairie Village, KS
- Stillwater, OK

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $0 | 7 | August 1, 2022 |
| October 2023 | $308,271,139 | 23 | July 20, 2023 |
| October 2024 | $720,697,409 | 24 | March 28, 2024 |
| October 2025 | $859,559,702 | 35 | April 25, 2025 |
| October 2026 | $840,165,115 | 23 | April 27, 2026 |

Regulatory assets under management: $0 in the October 2022 data and $840,165,115 in the October 2026 data.
Total employees: 7 in October 2022 and 23 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Registered or notice-filed in LA, MD.

### April 2026
- Employees performing advisory functions went from 31 to 19.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in IN, MT, OR.

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TFB Advisors, LLC (CRD 321870): Form ADV filing data as of October 2026.