# Valley Financial Management, Inc.

> Valley Financial Management, Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting under $25 million in regulatory assets under management in its Form ADV filing dated February 5, 2026.

- CRD: 105387
- Filed as: VALLEY FINANCIAL MANAGEMENT, INC.
- Also doing business as: VFM
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: February 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105387
- AdvisorCensus page: https://advisorcensus.com/firm/valley-financial-management-inc-new-york-ny-105387

## Quick answers

**How is Valley Financial Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Valley Financial Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**How much does Valley Financial Management, Inc. charge?**
Its Form ADV Part 2A brochure dated February 5, 2026 states: Asset-based fee: 0.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Valley Financial Management, Inc. located?**
Valley Financial Management, Inc.'s principal office is in New York, NY, according to its Form ADV.

**Is Valley Financial Management, Inc. registered with the SEC or a state?**
Valley Financial Management, Inc. is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 105387.

**How much does Valley Financial Management, Inc. manage?**
Valley Financial Management, Inc. reports $473,254 in regulatory assets under management in its Form ADV filing dated February 5, 2026 (100% discretionary).

**How have Valley Financial Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Valley Financial Management, Inc.: Regulatory assets under management: $163,137,765 in the October 2021 data and $473,254 in the October 2026 data, down 100%. Total employees: 72 in October 2021 and 124 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Valley Financial Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (120); high net worth individuals (4).

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

**Does Valley Financial Management, Inc. report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 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 SEC record: https://adviserinfo.sec.gov/firm/summary/105387

**Does Valley Financial Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated February 5, 2026 says: "The minimum balance needed to establish an Account is $1,000."

**What changed in Valley Financial Management, Inc.'s recent Form ADV filings?**
In the March 2026 filing data: No longer lists the business name Lisi. No longer lists the business name Leumi Investment Services Inc.. No longer lists the business name Leumi Investment Services Inc. Regulatory assets under management went from $55,000 to $473,254 (+760%). Registered or notice-filed in CT. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 5, 2026)

- Asset-based fee: 0.5% of assets a year

> The assets in VFM accounts are managed pursuant to VFM’s automated investment service and are assessed annual asset-based advisory account fees (the “Advisory Fee”) of fifty basis points (0.50%). Fees are not negotiable.

- Account minimum: $1,000

> The minimum balance needed to establish an Account is $1,000.

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing 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: $473,254
- Discretionary: $473,254
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 120 | $466,962 |
| High net worth individuals | 4 | $6,292 |
| 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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 124 total, 5 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, CA, CT, FL, IL, LA, NJ, NY, TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.E(2): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105387

### Websites listed on Form ADV (Item 1.I)
- [valley.com](https://valley.com)
- Facebook @ValleyBank
- LinkedIn @valleybank
- X @ValleyBank

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $163,137,765 | 72 | May 26, 2021 |
| October 2022 | $326,493,141 | 65 | September 26, 2022 |
| October 2023 | $334,890,166 | 102 | July 28, 2023 |
| October 2024 | $334,890,166 | 102 | July 28, 2023 |
| October 2025 | $55,000 | 102 | July 14, 2025 |
| October 2026 | $473,254 | 124 | February 5, 2026 |

Regulatory assets under management: $163,137,765 in the October 2021 data and $473,254 in the October 2026 data, down 100%.
Total employees: 72 in October 2021 and 124 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- No longer lists the business name Lisi.
- No longer lists the business name Leumi Investment Services Inc..
- No longer lists the business name Leumi Investment Services Inc.
- Regulatory assets under management went from $55,000 to $473,254 (+760%).
- Registered or notice-filed in CT.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in CO, DE, MD, OH, SC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Valley Financial Management, Inc. (CRD 105387): Form ADV filing data as of October 2026.