{"url":"https://nivawealth.com/firms/professional-financial-management-118117","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/118117","regulatoryAum":304096440,"crd":"118117","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2499954","suffix":null,"lastName":"BABCOCK","firstName":"DOUGLAS","middleName":"MENZIE"},{"crd":"6469065","suffix":null,"lastName":"SMITH","firstName":"BRANDON","middleName":"MICHAEL"}],"total":2,"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":"2025-04-03","regulatoryAum":265256270,"clients":152,"employees":2,"offices":1},{"filedOn":"2026-03-15","regulatoryAum":304096440,"clients":163,"employees":2,"offices":1}],"secFileNumber":"801-132539","legalName":"Professional Financial Management, Inc.","displayName":"Professional Financial Management","slug":"professional-financial-management-118117","website":"https://profinancialmgmt.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/118117/8f52535510c5c9a9-r1.webp","tone":"light","width":888,"height":200,"sourceUrl":"https://profinancialmgmt.com/","sourceLabel":"Professional Financial Management, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/professional-financial-management-inc/","founded":"1991","organization":"Montana corporation","fiscalYearEnd":"December","headquarters":{"street":"2066 Stadium DR, Ste 101","city":"Bozeman","state":"MT","stateName":"Montana","country":"United States","postalCode":"59718"},"tradeNames":[],"registration":{"secApproved":"28 April 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1831461.9693251534,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":304096440,"discretionary":298559076,"discretionaryAccounts":686,"nonDiscretionary":5537364,"nonDiscretionaryAccounts":6,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":5},"clientTypes":[{"label":"Individuals (other than HNW)","clients":80,"regulatoryAum":43903752},{"label":"High-net-worth individuals","clients":83,"regulatoryAum":254624549},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":3846601},{"label":"Charitable organizations","clients":0,"fewerThan5":true,"regulatoryAum":1721538}],"feePrograms":[{"role":"main","program":"Investment Advisory 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estimate.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019040","versionId":1019040,"submittedOn":"2026-03-15","documentName":"PFM SEC FORM ADV BROCHURE EFF 2026 0314"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:42:01.592327+00:00","documents":[{"name":"PFM SEC FORM ADV BROCHURE EFF 2026 0314","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019040","versionId":1019040,"submittedOn":"2026-03-15"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":274048913}],"custodyNote":"Professional Financial Management has custody of $20.1M for 45 clients.","otherCustodians":[],"leadership":[{"name":"Douglas Babcock","title":"President/Chief Compliance Officer","crd":"2499954"}],"ownership":[{"label":"Douglas Babcock","detail":"President/chief compliance officer in the 75% or more ownership band and a control person, since January 2010."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Montana","offices":1,"addresses":[{"street":"2066 Stadium DR, Ste 101","city":"Bozeman","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","philanthropic planning","retirement plan services","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"406-587-1604","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":23},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":73},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"15 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/118117/PDF/118117.pdf","brochureDate":"15 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019040","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 Professional Financial Management have?","answer":"Professional Financial Management has 163 clients and manages $304 million for them, as of March 2026. They include 83 high-net-worth individuals and 80 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 15 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Professional Financial Management offer?","answer":"Professional Financial Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, philanthropic planning, retirement plan services, 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 Professional Financial Management charge?","answer":"Professional Financial Management charges 0.25%–0.85% a year for its Investment Advisory Fees. Each asset band is charged at its own rate. The fee is billed in arrears, is not negotiable and has a $2,000 annual minimum.","source":"PFM SEC FORM ADV BROCHURE EFF 2026 0314, filed 15 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Professional Financial Management use?","answer":"Professional Financial Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $274M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Professional Financial Management have?","answer":"Professional Financial Management has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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 Professional Financial Management invest in?","answer":"At the end of its last fiscal year, Professional Financial Management’s separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 2% cash and equivalents, 1% non-exchange-traded equities 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 Professional Financial Management?","answer":"Professional Financial Management’s direct owner is Douglas Babcock (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 15 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Professional Financial Management get paid?","answer":"Professional Financial Management is paid through a percentage of assets under management and hourly charges. 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 Professional Financial Management?","answer":"Professional Financial Management’s main office is at 2066 Stadium DR, Ste 101, Bozeman, MT 59718. Its phone number is 406-587-1604. Its website is profinancialmgmt.com.","source":"Form ADV Part 1A, Item 1.F, filed 15 March 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."}