Pathway Financial Advisers provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 1–10 clients last fiscal year.
Pathway Financial Advisers reports 822 clients. They include 673 individual clients, 142 high-net-worth individuals and 3 charitable organizations. Of its assets, 100.0% ($524M across 1,832 accounts) are managed with discretion. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 33% |
| High-net-worth individuals | 17% | 66% |
| Pension and profit-sharing plans | <1% | 1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 673 | $171M | 32.6% | $254K |
| High-net-worth individuals | 142 | $347M | 66.2% | $2.44M |
| Pension and profit-sharing plans | 2 | $5.3M | 1.0% | $2.65M |
| Charitable organizations | 3 | $577K | 0.1% | $192K |
| Corporations and other businesses | 2 | $628K | 0.1% | $314K |
| Total | 822 | $524M | 100% | $638K |
- Clients
- 673
- Regulatory AUM
- $171M
- AUM share
- 32.6%
- Avg. per client
- $254K
- Clients
- 142
- Regulatory AUM
- $347M
- AUM share
- 66.2%
- Avg. per client
- $2.44M
- Clients
- 2
- Regulatory AUM
- $5.3M
- AUM share
- 1.0%
- Avg. per client
- $2.65M
- Clients
- 3
- Regulatory AUM
- $577K
- AUM share
- 0.1%
- Avg. per client
- $192K
- Clients
- 2
- Regulatory AUM
- $628K
- AUM share
- 0.1%
- Avg. per client
- $314K
Total
- Clients
- 822
- Regulatory AUM
- $524M
- AUM share
- 100%
- Avg. per client
- $638K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Pathway Financial Advisers charges 0.20%–0.80% a year for its Investment Supervisory Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 0.80% |
| $500K–$1M | 0.60% |
| $1M–$2M | 0.40% |
| $2M and above | 0.20% |
Fee details and sources
Other fees
- Hourly Financial Planning and Consulting
- Financial planning, consulting and account setup are charged at $150 an hour, negotiable, and paid in arrears upon completion.
- Qualified and Non-Qualified Plan Management
- Management of qualified and non-qualified plans, including 401(k) plans, is charged 0.35% annually, billed quarterly in arrears and negotiable.
Steven Post owns 25% to 50% of Pathway Financial Advisers. The leadership team of Pathway Financial Advisers includes Chief Investment Officer Steven Post and Chief Compliance Officer Erin Mutton. It has 8 employees, 6 of them in advisory roles.
Leadership
Erin MuttonMember, Chief Compliance Officer and Investment Adviser
Steven PostManaging Member, Chief Investment Officer and Investment Adviser
Joel GrimmMember and Investment Adviser
David TraceyMember and Investment Adviser
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 25% to 50% of Pathway Financial Advisers, LLC
Steven Post
Control person · since November 2012
- Owns 25% to 50% of Pathway Financial Advisers, LLC
Joel Grimm
Control person · since January 2016
- Owns 25% to 50% of Pathway Financial Advisers, LLC
David Tracey
Control person · since January 2019
- Owns 10% to 25% of Pathway Financial Advisers, LLC
Erin Mutton
Control person · since January 2025
Pathway Financial Advisers’ regulatory assets grew 1.9× from $272M (April 2021) to $524M (March 2026); clients rose from 538 to 822 and employees from 4 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $524M | 822 | 8 | 1 |
| February 2025 | $443M | 766 | 8 | 1 |
| March 2024 | $384M | 718 | 8 | 1 |
| April 2023 | $348M | 678 | 5 | 1 |
| March 2022 | $352M | 630 | 5 | 1 |
| April 2021 | $272M | 538 | 4 | 1 |
Besides its headquarters, Pathway Financial Advisers has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 4571 County Road 35, AuburnHQ
Contact and registration details
- Legal name
- Pathway Financial Advisers, LLC
- Headquarters
- 4571 County Road 35, Auburn, IN 46706
- Website
- pathwayria.com
- Phone
- 260-925-2887
- @pathway-financial-advisers-llc
- SEC file
- 801-80650
- Structure
- Indiana LLC
- Fiscal year end
- December
Pathway Financial Advisers uses Fidelity ($523M) as custodian for its separately managed accounts. Pathway Financial Advisers does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $523M100%
At year end, Pathway Financial Advisers’ separately managed accounts were mostly in stocks (69%) and bonds (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $397M across 167 positions; the largest are Broadcom Inc. (3.5%), Enterprise Prods Partners L P (2.7%) and Steel Dynamics Inc. (2.6%).
What the accounts hold
- Stocks69%
- Funds9%
- Bonds21%
- Investment grade corporate bonds19%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash1%
Reported 13F holdings
- $397M
- Reported 13F value
- 167
- Positions
- 23.1%
- In the 10 largest
- +12.3%
- Value vs. prior quarter
- Broadcom Inc.3.5%
- Enterprise Prods Partners L P2.7%
- Steel Dynamics Inc.2.6%
- Cisco Systems Inc.2.4%
- JPMORGAN Chase &co.2.3%
- Abbvie Inc. Com Usd0.012.2%
- Fidelity High Dividend ETF · High Divid ETF2.0%
- Duke Energy Corp. New Com New Isin Us26441c2044 Sedol B7jzsk01.9%
- Apple Inc.1.8%
- Enbridge Inc. Com Isin Ca29250n1050 Sedol 24661491.7%
Together, the ten largest are 23.1% of reported value.
How many clients does Pathway Financial Advisers have?
Pathway Financial Advisers has 822 clients and manages $524 million for them, as of March 2026. They include 673 individual clients, 142 high-net-worth individuals and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does Pathway Financial Advisers offer?
Pathway Financial Advisers provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Pathway Financial Advisers charge?
Pathway Financial Advisers charges 0.20%–0.80% a year for its Investment Supervisory Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A, filed 11 March 2026
Which custodians does Pathway Financial Advisers use?
Pathway Financial Advisers’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $523M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 March 2026
How many financial advisors does Pathway Financial Advisers have?
Pathway Financial Advisers has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 6 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 Pathway Financial Advisers invest in?
At the end of its last fiscal year, Pathway Financial Advisers’ separately managed accounts held 69% exchange-traded equities, 19% investment grade corporate bonds, 9% registered funds (mutual funds, ETFs, BDCs), 1% U.S. government and agency bonds, 1% state and local bonds and 1% 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 Pathway Financial Advisers?
Pathway Financial Advisers’ direct owners are Steven Post, Joel Grimm, David Tracey and Erin Mutton, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does Pathway Financial Advisers get paid?
Pathway Financial Advisers 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 Pathway Financial Advisers registered with the SEC?
Yes, Pathway Financial Advisers has been registered with the SEC as an investment adviser since 22 December 2014. Its CRD number is 166237 and its SEC file number is 801-80650.
Source: Form ADV Part 1A, Item 1, filed 11 March 2026; IAPD firm record
How do I contact Pathway Financial Advisers?
Pathway Financial Advisers’ main office is at 4571 County Road 35, Auburn, IN 46706. Its phone number is 260-925-2887. Its website is pathwayria.com.