{"url":"https://nivawealth.com/firms/psc-financial-172054","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/172054","regulatoryAum":135074412,"crd":"172054","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1560983","suffix":null,"lastName":"PAKOLA","firstName":"HOWARD","middleName":"EDWIN"},{"crd":"4877954","suffix":null,"lastName":"TORLAND","firstName":"TRACY","middleName":"JANICE"}],"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":"2021-03-11","regulatoryAum":117341000,"clients":106,"employees":3,"offices":1},{"filedOn":"2022-03-03","regulatoryAum":122300423,"clients":112,"employees":3,"offices":1},{"filedOn":"2023-03-15","regulatoryAum":114231814,"clients":110,"employees":3,"offices":1},{"filedOn":"2024-04-10","regulatoryAum":115085860,"clients":108,"employees":3,"offices":1},{"filedOn":"2025-03-12","regulatoryAum":129103050,"clients":109,"employees":3,"offices":1},{"filedOn":"2026-03-20","regulatoryAum":135074412,"clients":111,"employees":3,"offices":1}],"secFileNumber":"801-120763","legalName":"PSC Financial LLC","displayName":"PSC Financial","slug":"psc-financial-172054","website":"https://pscfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"7900 International Drive, Suite 1075","city":"Bloomington","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55425"},"tradeNames":[],"registration":{"secApproved":"12 April 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1106314.4722222222,"staff":{"employees":3,"advisory":2,"brokerDealerReps":2,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":135074412,"discretionary":135074412,"discretionaryAccounts":228,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":72,"regulatoryAum":32216258},{"label":"High-net-worth individuals","clients":36,"regulatoryAum":87265705},{"label":"Charitable organizations","clients":3,"fewerThan5":true,"regulatoryAum":15592449}],"feePrograms":[{"role":"main","program":"Investment Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1022465","versionId":1022465,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-20","documentName":"DISCLOSURE BROCHURE","fee_rate_low":0.5,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning and Consulting","summary":"Stand-alone planning and consulting is billed at a negotiable fixed fee of $1,500 to $5,000, or hourly at $250 to $500.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1022465","versionId":1022465,"submittedOn":"2026-03-20","documentName":"DISCLOSURE BROCHURE"},{"role":"other","program":"Retirement Plan Consulting","summary":"Plan consulting is a fixed project fee, individually negotiated; where PSC manages plan assets, an annual fee of 0.15% to 0.50% may apply.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1022465","versionId":1022465,"submittedOn":"2026-03-20","documentName":"DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:59:22.78035+00:00","documents":[{"name":"DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1022465","versionId":1022465,"submittedOn":"2026-03-20"}]},"custodians":[{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Boston, MA","smaAssets":135074412}],"custodyNote":"PSC Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Howard Pakola","title":"Managing Member & Chief Compliance Officer","crd":"1560983"},{"name":"Joseph McRae","title":"Minority Owner","crd":"2087535"}],"ownership":[{"label":"Howard Pakola","detail":"Managing member & chief compliance officer in the 75% or more ownership band and a control person, since August 2014."},{"label":"Joseph McRae","detail":"Minority owner in the 10% to 25% ownership band, since April 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"7900 International Drive, Suite 1075","city":"Bloomington","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"952-777-3955","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":9},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":87},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"20 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/172054/PDF/172054.pdf","brochureDate":"20 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1022465","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 PSC Financial have?","answer":"PSC Financial has 111 clients and manages $135 million for them, as of March 2026. They include 72 individual clients, 36 high-net-worth individuals and 3 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does PSC Financial offer?","answer":"PSC Financial provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does PSC Financial charge?","answer":"PSC Financial charges 0.50%–1.50% a year for its Investment Management. The fee is billed in advance and is negotiable.","source":"DISCLOSURE BROCHURE, filed 20 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does PSC Financial use?","answer":"PSC Financial’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $135M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does PSC Financial have?","answer":"PSC Financial has 1 investment adviser representative registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 PSC Financial invest in?","answer":"At the end of its last fiscal year, PSC Financial’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns PSC Financial?","answer":"PSC Financial’s direct owners are Howard Pakola (75% or more) and Joseph McRae (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does PSC Financial get paid?","answer":"PSC Financial is paid through a percentage of assets under management. 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 PSC Financial?","answer":"PSC Financial’s main office is at 7900 International Drive, Suite 1075, Bloomington, MN 55425. Its phone number is 952-777-3955. Its website is pscfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 20 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."}