{"url":"https://nivawealth.com/firms/fsa-investment-group-163641","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/163641","regulatoryAum":761794942,"crd":"163641","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5194535","suffix":null,"lastName":"AKERS","firstName":"BRETT","middleName":"JEFFREY"},{"crd":"4291803","suffix":null,"lastName":"BALKA","firstName":"MATTHEW","middleName":"WILLIAM"},{"crd":"1414197","suffix":null,"lastName":"Chenevey","firstName":"Elke","middleName":"Winona"},{"crd":"4416664","suffix":null,"lastName":"DURHAM","firstName":"MATTHEW","middleName":"CHRISTOPHER"},{"crd":"8041747","suffix":null,"lastName":"Epstein","firstName":"Kyle","middleName":"R"},{"crd":"7077791","suffix":null,"lastName":"Erben","firstName":"Skyler","middleName":"Tate"},{"crd":"7999854","suffix":null,"lastName":"Hosman","firstName":"James","middleName":"Paul"},{"crd":"5503718","suffix":null,"lastName":"HOSMAN","firstName":"JOHNATHAN","middleName":"DAVID"},{"crd":"4703389","suffix":"JR.","lastName":"KOPACK","firstName":"DANIEL","middleName":null},{"crd":"4143727","suffix":null,"lastName":"LOWREY","firstName":"NANCY","middleName":"MCGHEE"},{"crd":"8044488","suffix":null,"lastName":"Nichols","firstName":"Mark","middleName":"H"},{"crd":"6058223","suffix":null,"lastName":"WEBB","firstName":"JAMES","middleName":"ANDREW"},{"crd":"6303185","suffix":null,"lastName":"WELLS","firstName":"JAMES","middleName":"RANDALL"}],"total":13,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-19","regulatoryAum":450278275,"clients":63,"employees":16,"offices":3},{"filedOn":"2022-07-11","regulatoryAum":673141508,"clients":70,"employees":8,"offices":3},{"filedOn":"2023-07-24","regulatoryAum":508545847,"clients":66,"employees":9,"offices":4},{"filedOn":"2024-07-15","regulatoryAum":598241707,"clients":60,"employees":9,"offices":4},{"filedOn":"2025-07-11","regulatoryAum":709511444,"clients":64,"employees":14,"offices":9},{"filedOn":"2026-05-27","regulatoryAum":761794942,"clients":61,"employees":12,"offices":8}],"secFileNumber":"801-76511","legalName":"Fsa 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control person, since April 2022."},{"label":"James Webb","detail":"Member/chief investment officer in the 10% to 25% ownership band and a control person, since January 2023."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":7,"privateResidences":4},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"Alabama","offices":1,"addresses":[{"street":"216 Tennant Drive","city":"Atmore"}]},{"state":"California","offices":1,"addresses":[{"street":"3111 Camino Del Rio North, Ca","city":"San Diego"}]},{"state":"Florida","offices":1,"addresses":[{"street":"212 South Alcaniz Street","city":"Pensacola","headquarters":true}]},{"state":"Washington","offices":1,"addresses":[{"street":"701 5th Ave Suite 4204","city":"Seattle"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"850-696-1550","stateRegisteredReps":12,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["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)","Educational seminars/workshops","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":2},{"label":"U.S. government/agency bonds","percent":35},{"label":"U.S. state and local bonds","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":42},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":5},{"label":"Cash and cash equivalents","percent":10}],"privateFunds":1},"sources":{"adv1FilingDate":"27 May 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They include 23 individual clients, 18 high-net-worth individuals and 15 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does FSA Investment Group offer?","answer":"FSA Investment Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does FSA Investment Group use?","answer":"FSA Investment Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $736M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does FSA Investment Group have?","answer":"FSA Investment Group has 12 investment adviser representatives registered with state securities authorities, out of 12 employees, and 12 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does FSA Investment Group invest in?","answer":"At the end of its last fiscal year, FSA Investment Group’s separately managed accounts held 42% registered funds (mutual funds, ETFs, BDCs), 35% U.S. government and agency bonds, 10% cash and equivalents, 6% state and local bonds, 5% pooled vehicles (private funds and similar) and 2% exchange-traded equities. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns FSA Investment Group?","answer":"FSA Investment Group’s direct owners are Nancy Lowrey (50% to 75%), Johnathan Hosman (25% to 50%), James Wells (10% to 25%) and James Webb (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 27 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does FSA Investment Group get paid?","answer":"FSA Investment Group is paid through a percentage of assets under management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact FSA Investment Group?","answer":"FSA Investment Group’s main office is at 212 South Alcaniz Street, Pensacola, FL 32502. Its phone number is 850-696-1550. Its website is fsa-ig.com.","source":"Form ADV Part 1A, Item 1.F, filed 27 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/fsa-investment-group-163641/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-20","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2051584/000208585326000764/0002085853-26-000764-index.html","totalValue":307855678,"positionCount":47,"top10Share":0.8968555778919237,"top10":[{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LRG CAP ETF","cusip":"808524201","value":119429760,"shares":4058096,"shareType":"SH","priorValue":97406212,"priorShares":3798994},{"issuer":"VANGUARD INSTL INDEX FD","titleOfClass":"0 3 MO TR BI ETF","cusip":"922040845","value":67209844,"shares":888079,"shareType":"SH","priorValue":61099025,"priorShares":807654},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}