Financial Counseling Associates provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 101–250 clients last fiscal year.
Financial Counseling Associates reports 126 clients. They include 103 individual clients, 22 high-net-worth individuals and 1 pension or profit-sharing plan. Of its assets, 93.6% ($96.9M across 125 accounts) are managed with discretion; $6.67M across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 30% |
| High-net-worth individuals | 17% | 64% |
| Pension and profit-sharing plans | <1% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 103 | $30.9M | 29.8% | $300K |
| High-net-worth individuals | 22 | $66M | 63.8% | $3M |
| Pension and profit-sharing plans | 1 | $6.67M | 6.4% | $6.67M |
| Total | 126 | $104M | 100% | $822K |
- Clients
- 103
- Regulatory AUM
- $30.9M
- AUM share
- 29.8%
- Avg. per client
- $300K
- Clients
- 22
- Regulatory AUM
- $66M
- AUM share
- 63.8%
- Avg. per client
- $3M
- Clients
- 1
- Regulatory AUM
- $6.67M
- AUM share
- 6.4%
- Avg. per client
- $6.67M
Total
- Clients
- 126
- Regulatory AUM
- $104M
- AUM share
- 100%
- Avg. per client
- $822K
- 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
Financial Counseling Associates charges 0.50%–1.00% a year for its Assets Under Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M and above | 0.50% |
Fee details and sources
John Kopel owns 75% or more of Financial Counseling Associates. The leadership team of Financial Counseling Associates includes Chief Compliance Officer Erica Mathews. It has 2 employees.
Leadership
- Erica MathewsChief Compliance Officer
- John KopelOwner
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Financial Counseling Associates, Inc.
John Kopel
Control person · since February 1993
- Owns 5% to 10% of Financial Counseling Associates, Inc.
Erica Mathews
Control person · since May 2024
Financial Counseling Associates’ regulatory assets fell from $235M (April 2021) to $104M (February 2026); clients fell from 295 to 126 and employees from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $104M | 126 | 2 | 4 |
| February 2025 | $92.1M | 129 | 2 | 4 |
| June 2024 | $107M | 170 | 2 | 4 |
| February 2023 | $255M | 324 | 4 | 4 |
| March 2022 | $303M | 325 | 4 | 4 |
| April 2021 | $235M | 295 | 3 | 3 |
Besides its headquarters, Financial Counseling Associates has 3 offices (2 private residences, listed without an address), with 2 listed addresses in Colorado.
Colorado · 1 listed address
- 6129 S. Cathay CT., Aurora
Contact and registration details
- Legal name
- Financial Counseling Associates, Inc.
- Headquarters
- Not reported
- Website
- fca-inc.com
- Phone
- 720-272-4419
- SEC file
- 801-79159
- Structure
- Colorado corporation
- Fiscal year end
- December
Financial Counseling Associates uses Charles Schwab ($240M) as custodian for its separately managed accounts. Financial Counseling Associates does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $240M100%
At year end, Financial Counseling Associates’ separately managed accounts were mostly in stocks (97%).
What the accounts hold
- Stocks97%
- Cash3%
How many clients does Financial Counseling Associates have?
Financial Counseling Associates has 126 clients and manages $104 million for them, as of February 2026. They include 103 individual clients, 22 high-net-worth individuals and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 February 2026
What services does Financial Counseling Associates offer?
Financial Counseling Associates provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Financial Counseling Associates charge?
Financial Counseling Associates charges 0.50%–1.00% a year for its Assets Under Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: 2026 - FCA AVD PART 2A-2B AND PRIVACY POLICY, filed 4 February 2026
Which custodians does Financial Counseling Associates use?
Financial Counseling Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $240M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 February 2026
How many financial advisors does Financial Counseling Associates have?
Financial Counseling Associates has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Financial Counseling Associates invest in?
At the end of its last fiscal year, Financial Counseling Associates’ separately managed accounts held 97% exchange-traded equities and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Financial Counseling Associates?
Financial Counseling Associates’ direct owners are John Kopel (75% or more) and Erica Mathews (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 4 February 2026
How does Financial Counseling Associates get paid?
Financial Counseling Associates is paid through a percentage of assets under management. 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 Financial Counseling Associates?
Its phone number is 720-272-4419. Its website is fca-inc.com.