{"url":"https://nivawealth.com/firms/pitzl-financial-171441","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/171441","regulatoryAum":497981581,"crd":"171441","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6807544","suffix":null,"lastName":"Gabriel","firstName":"Justin","middleName":"Jeffery"},{"crd":"3075129","suffix":null,"lastName":"HALL","firstName":"RICHARD","middleName":"ELLIOT"},{"crd":"7728427","suffix":null,"lastName":"Long","firstName":"Andi","middleName":"Elizabeth"},{"crd":"4696949","suffix":null,"lastName":"PITZL","firstName":"JOSEPH","middleName":"DANIEL"}],"total":4,"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":"2021-07-27","regulatoryAum":203062743,"clients":259,"employees":5,"offices":1},{"filedOn":"2022-03-18","regulatoryAum":278384301,"clients":278,"employees":6,"offices":1},{"filedOn":"2023-02-22","regulatoryAum":285319449,"clients":301,"employees":5,"offices":1},{"filedOn":"2024-04-30","regulatoryAum":340279674,"clients":339,"employees":6,"offices":1},{"filedOn":"2025-02-20","regulatoryAum":399982181,"clients":373,"employees":6,"offices":1},{"filedOn":"2026-02-09","regulatoryAum":497981581,"clients":394,"employees":8,"offices":1}],"secFileNumber":"801-113328","legalName":"Pitzl Financial, LLC","displayName":"Pitzl Financial","slug":"pitzl-financial-171441","website":"https://pitzlfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2014","organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"8 Pine Tree Drive, Suite 125","city":"Arden Hills","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55112"},"tradeNames":[],"registration":{"secApproved":"30 May 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1246924.4060913706,"staff":{"employees":8,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":497981581,"discretionary":497981581,"discretionaryAccounts":1892,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":211,"regulatoryAum":95041320},{"label":"High-net-worth individuals","clients":183,"regulatoryAum":396246896},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":6691158},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":2207}],"feePrograms":[{"role":"main","program":"Investment Management","feeBasis":"marginal","fee_tiers":[{"to":2000000,"pct":1,"from":0},{"to":5000000,"pct":0.75,"from":2000000},{"to":10000000,"pct":0.5,"from":5000000},{"to":null,"pct":0.25,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007521","versionId":1007521,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-09","documentName":"FORM ADV PART 2A","fee_rate_low":0.25,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Typically provided at no charge to clients with assets under management; otherwise billed at about $300 an hour or as a fixed fee of $1,500 to $5,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007521","versionId":1007521,"submittedOn":"2026-02-09","documentName":"FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:57:46.708954+00:00","documents":[{"name":"FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007521","versionId":1007521,"submittedOn":"2026-02-09"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":349921536},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":83911595}],"custodyNote":"Pitzl Financial has custody of $42.3M in client assets for 157 clients.","otherCustodians":[],"leadership":[{"name":"Joseph Pitzl","title":"Chief Compliance Officer/Member","crd":"4696949"},{"name":"Justin Gabriel","title":"Member","crd":"6807544"},{"name":"Daniel Pitzl","title":"Member","crd":"6334019"},{"name":"John Pitzl","title":"Member","crd":"6334015"}],"ownership":[{"label":"Joseph Pitzl","detail":"Chief compliance officer/member in the 50% to 75% ownership band and a control person, since May 2014."},{"label":"John Pitzl","detail":"Member in the 25% to 50% ownership band and a control person, since May 2014."},{"label":"Daniel Pitzl","detail":"Member in the 5% to 10% ownership band, since May 2014."},{"label":"Justin Gabriel","detail":"Member in the 5% to 10% ownership band, since April 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"8 Pine Tree Drive, Suite 125","city":"Arden Hills","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"651-287-3712","stateRegisteredReps":4,"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","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":9},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":1},{"label":"Sovereign bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":76},{"label":"Cash and cash equivalents","percent":6},{"label":"Other","percent":5,"detail":"The Firm Maintains Less Than 1% in U.S. Government/Agency Bonds, Investment Grade Corporate Bonds, Pooled Investment Other Than Investment Company Or BDC and Non Exchange-Traded Equity Combined."}],"privateFunds":0},"sources":{"adv1FilingDate":"9 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/171441/PDF/171441.pdf","brochureDate":"9 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007521","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 Pitzl Financial have?","answer":"Pitzl Financial has 394 clients and manages $498 million for them, as of February 2026. They include 211 individual clients and 183 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pitzl Financial offer?","answer":"Pitzl Financial provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and tax planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Pitzl Financial charge?","answer":"Pitzl Financial charges 0.25%–1.00% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"FORM ADV PART 2A, filed 9 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Pitzl Financial use?","answer":"Pitzl Financial’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $350M and Charles Schwab & Co., Inc. (San Francisco, CA), with $83.9M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pitzl Financial have?","answer":"Pitzl Financial has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 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 Pitzl Financial invest in?","answer":"At the end of its last fiscal year, Pitzl Financial’s separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 6% cash and equivalents, 5% other, 2% U.S. government and agency bonds, 1% state and local bonds and 1% sovereign bonds. The 5% other category is described as: The Firm Maintains Less Than 1% in U.S. Government/Agency Bonds, Investment Grade Corporate Bonds, Pooled Investment Other Than Investment Company Or BDC and Non Exchange-Traded Equity Combined.","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 Pitzl Financial?","answer":"Pitzl Financial’s direct owners are Joseph Pitzl (50% to 75%), John Pitzl (25% to 50%), Daniel Pitzl (5% to 10%) and Justin Gabriel (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 9 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pitzl Financial get paid?","answer":"Pitzl 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":"How do I contact Pitzl Financial?","answer":"Pitzl Financial’s main office is at 8 Pine Tree Drive, Suite 125, Arden Hills, MN 55112. Its phone number is 651-287-3712. Its website is pitzlfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 9 February 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."}