{"url":"https://nivawealth.com/firms/professional-financial-solutions-114957","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/114957","regulatoryAum":409664540,"crd":"114957","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4694898","suffix":"III","lastName":"COPELAND","firstName":"ROBERT","middleName":"ESTEL"},{"crd":"6755170","suffix":null,"lastName":"Crowe","firstName":"Andrew","middleName":"William"},{"crd":"7318410","suffix":null,"lastName":"Denner","firstName":"Jennifer","middleName":"H"},{"crd":"8089702","suffix":null,"lastName":"Lee","firstName":"Emily","middleName":"McLenigan"},{"crd":"2877396","suffix":null,"lastName":"MCLENIGAN","firstName":"MICHAEL","middleName":"JOSEPH"},{"crd":"6389568","suffix":null,"lastName":"SEWALL","firstName":"RENEE","middleName":"GARDNER"}],"total":6,"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":"2021-02-25","regulatoryAum":192314763,"clients":236,"employees":6,"offices":1},{"filedOn":"2022-03-22","regulatoryAum":249286276,"clients":247,"employees":6,"offices":1},{"filedOn":"2023-03-16","regulatoryAum":228714756,"clients":259,"employees":6,"offices":1},{"filedOn":"2024-07-29","regulatoryAum":286123744,"clients":269,"employees":7,"offices":1},{"filedOn":"2025-03-10","regulatoryAum":330437326,"clients":272,"employees":7,"offices":1},{"filedOn":"2026-02-06","regulatoryAum":409664540,"clients":279,"employees":8,"offices":1}],"secFileNumber":"801-106802","legalName":"Professional Financial Solutions, LLC","displayName":"Professional Financial Solutions","slug":"professional-financial-solutions-114957","website":"https://profinancialsolutions.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/professional-financial-solutions-llc?trk=biz-companies-cym","founded":"1997","organization":"Virginia limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10517a West Drive","city":"Fairfax","state":"VA","stateName":"Virginia","country":"United States","postalCode":"22030-8144"},"tradeNames":[],"registration":{"secApproved":"2 November 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1466927.9928315412,"staff":{"employees":8,"advisory":6,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":409664540,"discretionary":387384560,"discretionaryAccounts":880,"nonDiscretionary":22279980,"nonDiscretionaryAccounts":31,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":13},"clientTypes":[{"label":"Individuals (other than HNW)","clients":142,"regulatoryAum":60380698},{"label":"High-net-worth individuals","clients":137,"regulatoryAum":348892212},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":316},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":391314}],"feePrograms":[{"role":"main","program":"Investment Management","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":2000000,"pct":0.5,"from":1000000},{"to":null,"pct":0.25,"from":2000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007006","versionId":1007006,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-02-06","documentName":"PFSLLC ADV PART 2","fee_rate_low":0.25,"fee_rate_high":1,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Consulting","summary":"Consulting is charged $200 to $500 an hour, with a cost estimate before work starts; the fee is due on completion of the project.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007006","versionId":1007006,"submittedOn":"2026-02-06","documentName":"PFSLLC ADV PART 2"},{"role":"other","program":"Financial Planning","summary":"Financial planning is a fixed fee generally from $2,000 to $5,000; $500 is paid at signing, 60% when the draft plan is presented and the balance on completion.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007006","versionId":1007006,"submittedOn":"2026-02-06","documentName":"PFSLLC ADV PART 2"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:34:53.053316+00:00","documents":[{"name":"PFSLLC ADV PART 2","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007006","versionId":1007006,"submittedOn":"2026-02-06"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=823148","versionId":823148,"submittedOn":null}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Omaha, NE","smaAssets":406709917}],"custodyNote":"Professional Financial Solutions has custody of $150M in client assets for 269 clients.","leadership":[{"name":"Michael McLenigan","title":"Managing Member/Chief Compliance Officer","crd":"2877396"},{"name":"Robert Copeland","title":"Member","crd":"4694898"},{"name":"Andrew Crowe","title":"Member","crd":"6755170"},{"name":"Jennifer Denner","title":"Member","crd":"7318410"},{"name":"Emily McLenigan","title":"Member","crd":"8089702"},{"name":"Megan Napier","title":"Member","crd":"6719171"},{"name":"Renee Sewall","title":"Member","crd":"6389568"}],"ownership":[{"label":"Michael McLenigan","detail":"Managing member/chief compliance officer in the 25% to 50% ownership band and a control person, since April 1997."},{"label":"Renee Sewall","detail":"Member in the 25% to 50% ownership band and a control person, since September 2016."},{"label":"Megan Napier","detail":"Member in the 5% to 10% ownership band, since September 2016."},{"label":"Andrew Crowe","detail":"Member in the 10% to 25% ownership band, since January 2022."},{"label":"Robert Copeland","detail":"Member in the 10% to 25% ownership band, since January 2022."},{"label":"Emily McLenigan","detail":"Member in the 5% to 10% ownership band, since January 2026."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Virginia","offices":1,"addresses":[{"street":"10517a West Drive","city":"Fairfax","headquarters":true}]}],"brochureServices":["retirement plan services"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"703-385-0870","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":31},{"label":"Securities issued by registered investment companies or business development companies","percent":63},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":0},"sources":{"adv1FilingDate":"6 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/114957/PDF/114957.pdf","brochureDate":"6 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007006","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 Solutions have?","answer":"Professional Financial Solutions has 279 clients and manages $410 million for them, as of February 2026. They include 142 individual clients and 137 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Professional Financial Solutions offer?","answer":"Professional Financial Solutions provides financial planning, portfolio management for individuals and small businesses, and retirement plan services.","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 Solutions charge?","answer":"Professional Financial Solutions 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 arrears.","source":"PFSLLC ADV PART 2, filed 6 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Professional Financial Solutions use?","answer":"Professional Financial Solutions’ separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $407M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Professional Financial Solutions have?","answer":"Professional Financial Solutions 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Professional Financial Solutions invest in?","answer":"At the end of its last fiscal year, Professional Financial Solutions’ separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 31% exchange-traded equities and 6% cash and equivalents.","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 Solutions?","answer":"Professional Financial Solutions’ direct owners are Michael McLenigan, Renee Sewall, Megan Napier, Andrew Crowe, Robert Copeland and Emily McLenigan, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 6 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Professional Financial Solutions get paid?","answer":"Professional Financial Solutions 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Professional Financial Solutions registered with the SEC?","answer":"Yes, Professional Financial Solutions has been registered with the SEC as an investment adviser since 2 November 2015. Its CRD number is 114957 and its SEC file number is 801-106802.","source":"Form ADV Part 1A, Item 1, filed 6 February 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Professional Financial Solutions?","answer":"Professional Financial Solutions’ main office is at 10517a West Drive, Fairfax, VA 22030-8144. Its phone number is 703-385-0870. Its website is profinancialsolutions.com.","source":"Form ADV Part 1A, Item 1.F, filed 6 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."}