{"url":"https://nivawealth.com/firms/pathworks-financial-138393","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/138393","regulatoryAum":279258481,"crd":"138393","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7533510","suffix":null,"lastName":"Maier","firstName":"Karrie","middleName":"Nicole"},{"crd":"1212766","suffix":null,"lastName":"MERCIER","firstName":"DAVID","middleName":"RENE"},{"crd":"4530174","suffix":null,"lastName":"SCHMANSKY","firstName":"ROBERT","middleName":"PAUL"},{"crd":"5037108","suffix":null,"lastName":"SMITH","firstName":"BRYAN","middleName":"SCOTT"},{"crd":"1588505","suffix":null,"lastName":"SMITH","firstName":"DOUGLAS","middleName":"SCOTT"}],"total":5,"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":"2021-06-19","regulatoryAum":120093809,"clients":301,"employees":5,"offices":1},{"filedOn":"2022-02-25","regulatoryAum":145478627,"clients":274,"employees":6,"offices":1},{"filedOn":"2023-03-01","regulatoryAum":155940090,"clients":288,"employees":8,"offices":1},{"filedOn":"2024-07-16","regulatoryAum":144412352,"clients":501,"employees":6,"offices":2},{"filedOn":"2025-03-26","regulatoryAum":236868620,"clients":555,"employees":7,"offices":2},{"filedOn":"2026-01-22","regulatoryAum":279258481,"clients":410,"employees":8,"offices":2}],"secFileNumber":"801-120476","legalName":"Pathworks Financial, Inc.","displayName":"Pathworks Financial","slug":"pathworks-financial-138393","website":"https://pathworksfinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/138393/2395bc49a31c4a9e-r1.webp","tone":"light","width":929,"height":200,"sourceUrl":"https://www.pathworksfinancial.com","sourceLabel":"Pathworks Financial, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/pathworks-financial/","founded":null,"organization":"Michigan corporation","fiscalYearEnd":"December","headquarters":{"street":"43155 Main Street, Suite 212","city":"Novi","state":"MI","stateName":"Michigan","country":"United States","postalCode":"48375"},"tradeNames":[],"registration":{"secApproved":"10 March 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":666187.9853658536,"staff":{"employees":8,"advisory":5,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":279258481,"discretionary":187629653,"discretionaryAccounts":823,"nonDiscretionary":91628828,"nonDiscretionaryAccounts":211,"wrapProgram":187629653,"nonUsClientsPct":0,"nonAumClients":3},"clientTypes":[{"label":"Individuals (other than HNW)","clients":362,"regulatoryAum":86251118},{"label":"High-net-worth individuals","clients":48,"regulatoryAum":186885956},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":2131058},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":3990349}],"feePrograms":[{"role":"other","program":"Estate planning","summary":"Fee of $350 to $1,500 for clients who engage the firm only for estate planning support; a basic will package starts at $350 per person.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002950","versionId":1002950,"submittedOn":"2026-01-21","documentName":"PATHWORKS FORM ADV PART 2A (JANUARY 20, 2026)"},{"role":"other","program":"Family office services","summary":"Annual asset-based fee generally 0.65%, or fixed fees generally $150,000 to $300,000 depending on scope and complexity.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002950","versionId":1002950,"submittedOn":"2026-01-21","documentName":"PATHWORKS FORM ADV PART 2A (JANUARY 20, 2026)"},{"role":"other","program":"Financial planning","summary":"Flat fee of $795 to $2,500, negotiated before contracting, with 50% due at inception. Typically waived for investment management clients.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002950","versionId":1002950,"submittedOn":"2026-01-21","documentName":"PATHWORKS FORM ADV PART 2A (JANUARY 20, 2026)"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:22:45.956717+00:00","documents":[{"name":"PATHWORKS FORM ADV PART 2A (JANUARY 20, 2026)","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002950","versionId":1002950,"submittedOn":"2026-01-21"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002949","versionId":1002949,"submittedOn":null}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":201939544},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":76219874}],"custodyNote":"Pathworks Financial does not have custody of client assets.","leadership":[{"name":"Douglas Smith","title":"President and Chief Compliance Officer","crd":"1588505"},{"name":"Bryan Smith","title":"Vice President","crd":"5037108"}],"ownership":[{"label":"Douglas Smith","detail":"President and chief compliance officer in the 75% or more ownership band and a control person, since November 2005."},{"label":"Bryan Smith","detail":"Vice president in the 25% to 50% ownership band, since January 2020."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":1,"addresses":[{"street":"43155 Main Street, Suite 212","city":"Novi","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"248-946-4515","stateRegisteredReps":5,"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"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":66},{"label":"Non-exchange-traded equity securities","percent":24},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":3},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"22 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/138393/PDF/138393.pdf","brochureDate":"21 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002950","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pathworks Financial have?","answer":"Pathworks Financial has 410 clients and manages $279 million for them, as of January 2026. They include 362 individual clients and 48 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 22 January 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pathworks Financial offer?","answer":"Pathworks Financial 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Pathworks Financial use?","answer":"Pathworks Financial’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $202M and Charles Schwab & Co., Inc. (Westlake, TX), with $76.2M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 January 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pathworks Financial have?","answer":"Pathworks Financial has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Pathworks Financial invest in?","answer":"At the end of its last fiscal year, Pathworks Financial’s separately managed accounts held 66% exchange-traded equities, 24% non-exchange-traded equities, 3% registered funds (mutual funds, ETFs, BDCs), 3% pooled vehicles (private funds and similar), 3% cash and equivalents and 1% 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pathworks Financial?","answer":"Pathworks Financial’s direct owners are Douglas Smith (75% or more) and Bryan Smith (25% to 50%).","source":"Form ADV Part 1A, Schedules A and B, filed 22 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pathworks Financial get paid?","answer":"Pathworks Financial 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":"Is Pathworks Financial registered with the SEC?","answer":"Yes, Pathworks Financial has been registered with the SEC as an investment adviser since 10 March 2021. Its CRD number is 138393 and its SEC file number is 801-120476.","source":"Form ADV Part 1A, Item 1, filed 22 January 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Pathworks Financial?","answer":"Pathworks Financial’s main office is at 43155 Main Street, Suite 212, Novi, MI 48375. Its phone number is 248-946-4515. Its website is pathworksfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 22 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}