Adaptation Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Adaptation Financial Advisors reports 690 clients. They include 637 individual clients and 53 high-net-worth individuals. Of its assets, 100.0% ($234M across 1,291 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $14.6M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 56% |
| High-net-worth individuals | 8% | 44% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 637 | $131M | 55.9% | $205K |
| High-net-worth individuals | 53 | $103M | 44.1% | $1.94M |
| Total | 690 | $234M | 100% | $339K |
- Clients
- 637
- Regulatory AUM
- $131M
- AUM share
- 55.9%
- Avg. per client
- $205K
- Clients
- 53
- Regulatory AUM
- $103M
- AUM share
- 44.1%
- Avg. per client
- $1.94M
Total
- Clients
- 690
- Regulatory AUM
- $234M
- AUM share
- 100%
- Avg. per client
- $339K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Adaptation Financial Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Fixed fees for a financial plan range from $500 to $25,000, or hourly fees range from $75 to $500 an hour; fees are negotiable.
- Retirement Plan Consulting
- Retirement plan consulting is billed to the plan sponsor at $350 an hour, negotiated in advance.
Apn Adaptation Financial Holdings, LLC owns 75% or more of Adaptation Financial Advisors and is in turn owned by Alan Niemann Trust (75% or more). The leadership team of Adaptation Financial Advisors includes Chief Compliance Officer Alan Niemann. It has 4 employees.
Leadership
Alan NiemannCEO, Chief Compliance Officer- Avery NiemannDirector
- Michael KrostShareholder
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of Adaptation Financial Advisors Inc.
Apn Adaptation Financial Holdings, LLC
Control person · since February 2020
- Owns 75% or more of Apn Adaptation Financial Holdings, LLC
Alan Niemann Trust
since May 2021
Alan Niemann
Trustee · Control person · since May 2021
- Owns 75% or more of Adaptation Financial Advisors Inc.
Scott Wozniak
since January 2021
- Owns 10% to 25% of Adaptation Financial Advisors Inc.
Michael Krost
since January 2021
Adaptation Financial Advisors’ regulatory assets fell from $310M (March 2021) to $234M (May 2026); clients fell from 1,504 to 690 and employees from 10 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $234M | 690 | 4 | 3 |
| April 2025 | $217M | 674 | 4 | 3 |
| March 2024 | $177M | 652 | 5 | 3 |
| March 2023 | $103M | 655 | 7 | 3 |
| March 2022 | $143M | 1,131 | 6 | 4 |
| March 2021 | $310M | 1,504 | 10 | 4 |
Besides its headquarters, Adaptation Financial Advisors has 2 offices, with 3 listed addresses in Ohio, Oklahoma and Texas.
Ohio · 1 listed address
- 100 Dorchester Square Suite 102, Westerville
Oklahoma · 1 listed address
- 700 Cedar Lake BLVD, Oklahoma CityHQ
Texas · 1 listed address
- 2412 Bartlett St, Suite 102, Houston
Other business names
Adaptation Financial Advisors has reported 1 other business name to the SEC.
- Adaptation Financial
Contact and registration details
- Legal name
- Adaptation Financial Advisors Inc.
- Headquarters
- 700 Cedar Lake BLVD, Oklahoma City, OK 73114
- Website
- Not reported
- Phone
- 972-774-0700
- @adaptation
- SEC file
- 801-118982
- Structure
- Texas corporation
- Fiscal year end
- December
Adaptation Financial Advisors uses Fidelity ($119M, 56%) and Charles Schwab ($93.4M, 44%) as custodians for its separately managed accounts. Adaptation Financial Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $93.4M44%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $119M56%
At year end, Adaptation Financial Advisors’ separately managed accounts were mostly in stocks (69%) and cash (16%).
What the accounts hold
- Stocks69%
- Bonds15%
- Cash16%
How many clients does Adaptation Financial Advisors have?
Adaptation Financial Advisors has 690 clients and manages $234 million for them, as of May 2026. They include 637 individual clients and 53 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026
What services does Adaptation Financial Advisors offer?
Adaptation Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Adaptation Financial Advisors use?
Adaptation Financial Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $119M and Charles Schwab & Co., Inc. (San Francisco, CA), with $93.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026
How many financial advisors does Adaptation Financial Advisors have?
Adaptation Financial Advisors has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Adaptation Financial Advisors invest in?
At the end of its last fiscal year, Adaptation Financial Advisors’ separately managed accounts held 69% exchange-traded equities, 16% cash and equivalents and 15% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Adaptation Financial Advisors?
Adaptation Financial Advisors’ direct owners are Apn Adaptation Financial Holdings, LLC (75% or more), Michael Krost (10% to 25%) and Scott Wozniak (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 May 2026
How does Adaptation Financial Advisors get paid?
Adaptation Financial Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Adaptation Financial Advisors?
Adaptation Financial Advisors’ main office is at 700 Cedar Lake BLVD, Oklahoma City, OK 73114. Its phone number is 972-774-0700.