Laraway Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 51–100 clients last fiscal year.
Laraway Financial Advisors reports 518 clients. They include 419 individual clients, 80 high-net-worth individuals, and 8 corporations and other businesses. Of its assets, 96.3% ($339M across 839 accounts) are managed with discretion; $12.9M across 23 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 23% |
| High-net-worth individuals | 15% | 55% |
| Pension and profit-sharing plans | <1% | 6% |
| Charitable organizations | 1% | 10% |
| Corporations and other businesses | 2% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 419 | $82.4M | 23.4% | $197K |
| High-net-worth individuals | 80 | $194M | 55.2% | $2.43M |
| Pension and profit-sharing plans | 5 | $20.7M | 5.9% | $4.14M |
| Charitable organizations | 6 | $34.5M | 9.8% | $5.75M |
| Corporations and other businesses | 8 | $19.8M | 5.6% | $2.48M |
| Total | 518 | $351M | 100% | $679K |
- Clients
- 419
- Regulatory AUM
- $82.4M
- AUM share
- 23.4%
- Avg. per client
- $197K
- Clients
- 80
- Regulatory AUM
- $194M
- AUM share
- 55.2%
- Avg. per client
- $2.43M
- Clients
- 5
- Regulatory AUM
- $20.7M
- AUM share
- 5.9%
- Avg. per client
- $4.14M
- Clients
- 6
- Regulatory AUM
- $34.5M
- AUM share
- 9.8%
- Avg. per client
- $5.75M
- Clients
- 8
- Regulatory AUM
- $19.8M
- AUM share
- 5.6%
- Avg. per client
- $2.48M
Total
- Clients
- 518
- Regulatory AUM
- $351M
- AUM share
- 100%
- Avg. per client
- $679K
- 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
- 51–100
Laraway Financial Advisors charges 0.25%–1.50% a year for its Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $25,000. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.50% |
| $1M–$5M | 0.50% |
| $5M and above | 0.25% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is a fixed fee of $1,500 for comprehensive planning or $750 for partial planning, or hourly from $150; a $500 retainer may be required.
Christopher Wayne owns 50% to 75% of Laraway Financial Advisors. The leadership team of Laraway Financial Advisors includes President James Schmitz and Chief Compliance Officer Kimberly Foster. It has 7 employees.
Leadership
- James SchmitzVice President, Chief Operations Officer
- Christopher WaynePresident, CEO
- Kimberly FosterChief Compliance Officer
- Steven LarawaySecretary
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Kimberly Marie Foster
- Christopher John Hastings
- Steven Allan Laraway
- Jennifer L Lesmeister
- James Francis Schmitz
- Patrick Phillip Solyntjes
- Christopher L Wayne
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 6 broker-dealer reps
- 5 insurance agents
- Owns 50% to 75% of Laraway Financial Advisors, Inc.
Christopher Wayne
Control person · since January 2020
- Owns 25% to 50% of Laraway Financial Advisors, Inc.
James Schmitz
Control person · since January 2020
Laraway Financial Advisors’ regulatory assets grew from $283M (April 2021) to $351M (February 2026); clients fell from 763 to 518 and employees from 8 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $351M | 518 | 7 | 3 |
| February 2025 | $309M | 490 | 7 | 3 |
| March 2024 | $280M | 463 | 7 | 3 |
| February 2023 | $244M | 435 | 8 | 3 |
| January 2022 | $281M | 420 | 8 | 3 |
| April 2021 | $283M | 763 | 8 | 3 |
Besides its headquarters, Laraway Financial Advisors has 2 offices, with 3 listed addresses in Minnesota.
Minnesota · 3 listed addresses
- 1219 - 33rd Street South, St. CloudHQ
- 201 6th Ave East, Alexandria
- 1001 Kingwood, Brainerd
Contact and registration details
- Legal name
- Laraway Financial Advisors, Inc.
- Headquarters
- 1219 - 33rd Street South, St. Cloud, MN 56301
- Website
- lfapartnership.com
- Phone
- 320-253-2490
- SEC file
- 801-63115
- Structure
- Minnesota corporation
- Fiscal year end
- December
Laraway Financial Advisors uses Charles Schwab ($327M) as custodian for its separately managed accounts. Laraway Financial Advisors has custody of $238M in client assets for 339 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $327M100%
At year end, Laraway Financial Advisors’ separately managed accounts were largely in funds (47%) and cash (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $165M across 140 positions; the largest are Apple Inc. (7.7%), Vanguard Index Fds (4.6%) and Vanguard Index Fds (4.5%).
What the accounts hold
- Stocks26%
- Funds47%
- Cash27%
Reported 13F holdings
- $165M
- Reported 13F value
- 140
- Positions
- 36.7%
- In the 10 largest
- +15.8%
- Value vs. prior quarter
- Apple Inc.7.7%
- Vanguard Index Fds · Value ETF4.6%
- Vanguard Index Fds · Growth ETF4.5%
- SPDR S&P 500 ETF · TR Unit3.6%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt3.3%
- Alphabet Inc.. · Cap Stk CL A3.1%
- Invesco Exchange Traded FD T · S&P 500 Top 502.6%
- Nvidia Corp.2.5%
- Select Sector SPDR TR · Technology2.4%
- Berkshire Hathaway Inc. Del · CL B New2.3%
Together, the ten largest are 36.7% of reported value.
How many clients does Laraway Financial Advisors have?
Laraway Financial Advisors has 518 clients and manages $351 million for them, as of February 2026. They include 419 individual clients, 80 high-net-worth individuals, and 8 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 February 2026
What services does Laraway Financial Advisors offer?
Laraway Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Laraway Financial Advisors charge?
Laraway Financial Advisors charges 0.25%–1.50% a year for its Portfolio Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $25,000.
Which custodians does Laraway Financial Advisors use?
Laraway Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $327M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 February 2026
How many financial advisors does Laraway Financial Advisors have?
Laraway Financial Advisors has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 5 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 Laraway Financial Advisors invest in?
At the end of its last fiscal year, Laraway Financial Advisors’ separately managed accounts held 47% registered funds (mutual funds, ETFs, BDCs), 27% cash and equivalents and 26% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Laraway Financial Advisors have a minimum investment?
Yes, Laraway Financial Advisors’ minimum account size for its Portfolio Management Services is $25K.
Who owns Laraway Financial Advisors?
Laraway Financial Advisors’ direct owners are James Schmitz (25% to 50%) and Christopher Wayne (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 February 2026
How does Laraway Financial Advisors get paid?
Laraway 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
Is Laraway Financial Advisors registered with the SEC?
Yes, Laraway Financial Advisors has been registered with the SEC as an investment adviser since 14 May 2004. Its CRD number is 114674 and its SEC file number is 801-63115.
Source: Form ADV Part 1A, Item 1, filed 24 February 2026; IAPD firm record
How do I contact Laraway Financial Advisors?
Laraway Financial Advisors’ main office is at 1219 - 33rd Street South, St. Cloud, MN 56301. Its phone number is 320-253-2490. Its website is lfapartnership.com.