{"url":"https://nivawealth.com/firms/schaeffer-financial-133697","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/133697","regulatoryAum":257695379,"crd":"133697","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6570914","suffix":null,"lastName":"Dwyer","firstName":"Claire","middleName":"Ramzy"},{"crd":"7569252","suffix":null,"lastName":"Keehr","firstName":"Brandon","middleName":null},{"crd":"705691","suffix":null,"lastName":"SCHAEFFER","firstName":"KAREN","middleName":"PATRICIA"},{"crd":"1202659","suffix":null,"lastName":"SCHAEFFER","firstName":"RICHARD","middleName":"WAYNE"},{"crd":"5336245","suffix":null,"lastName":"YARDLEY","firstName":"KAITLIN","middleName":null}],"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":"2021-02-18","regulatoryAum":182024251,"clients":280,"employees":6,"offices":1},{"filedOn":"2022-03-01","regulatoryAum":213248490,"clients":291,"employees":5,"offices":1},{"filedOn":"2023-03-15","regulatoryAum":178357368,"clients":290,"employees":6,"offices":3},{"filedOn":"2024-03-05","regulatoryAum":199443466,"clients":234,"employees":7,"offices":3},{"filedOn":"2025-06-02","regulatoryAum":223248023,"clients":237,"employees":7,"offices":4},{"filedOn":"2026-07-14","regulatoryAum":257695379,"clients":247,"employees":7,"offices":4}],"secFileNumber":"801-63790","legalName":"Schaeffer Financial LLC","displayName":"Schaeffer Financial","slug":"schaeffer-financial-133697","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2004","organization":"Maryland limited liability company","fiscalYearEnd":"December","headquarters":{"street":"4612 Great Oak Road","city":"Rockville","state":"MD","stateName":"Maryland","country":"United States","postalCode":"20853"},"tradeNames":[],"registration":{"secApproved":"3 January 2005","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1043301.1295546559,"staff":{"employees":7,"advisory":4,"brokerDealerReps":1,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":257695379,"discretionary":257695379,"discretionaryAccounts":247,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":247},"clientTypes":[{"label":"Individuals (other than HNW)","clients":171,"regulatoryAum":73009282},{"label":"High-net-worth individuals","clients":76,"regulatoryAum":184686097}],"feePrograms":[{"role":"main","program":"Portfolio Management Fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013236","versionId":1013236,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-02","documentName":"PART 2A BROCHURE","fee_rate_low":0.65,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning","summary":"The initial planning session is a negotiable fixed fee not to exceed $875; further planning is a negotiable hourly rate not to exceed $475 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013236","versionId":1013236,"submittedOn":"2026-03-02","documentName":"PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:11:15.750774+00:00","documents":[{"name":"PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013236","versionId":1013236,"submittedOn":"2026-03-02"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":257695379}],"custodyNote":"Schaeffer Financial has custody of $59.9M in client assets for 70 clients.","leadership":[{"name":"Kaitlin Yardley","title":"Managing Member & Chief Compliance Officer","crd":"5336245"},{"name":"Karen Schaeffer","title":"Managing Member","crd":"705691"}],"ownership":[{"label":"Karen Schaeffer","detail":"Managing member in the 50% to 75% ownership band and a control person, since December 2004."},{"label":"Kaitlin Yardley","detail":"Managing member & chief compliance officer in the 25% to 50% ownership band and a control person, since May 2019."}],"filedOffices":{"otherThanPrincipal":3,"privateResidences":3},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Maryland","offices":1,"addresses":[{"street":"4612 Great Oak Road","city":"Rockville","headquarters":true}]}],"brochureServices":["business succession planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"301-933-5550","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":42},{"label":"Securities issued by registered investment companies or business development companies","percent":56},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"14 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/133697/PDF/133697.pdf","brochureDate":"2 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1013236","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 Schaeffer Financial have?","answer":"Schaeffer Financial has 247 clients and manages $258 million for them, as of July 2026. They include 171 individual clients and 76 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 14 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Schaeffer Financial offer?","answer":"Schaeffer Financial provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, business succession 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 Schaeffer Financial charge?","answer":"Schaeffer Financial charges 0.65%–1.00% a year for its Portfolio Management Fee. The fee is billed in arrears and is negotiable.","source":"PART 2A BROCHURE, filed 2 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Schaeffer Financial use?","answer":"Schaeffer Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $258M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Schaeffer Financial have?","answer":"Schaeffer Financial has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. 1 employee is a registered representative 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 Schaeffer Financial invest in?","answer":"At the end of its last fiscal year, Schaeffer Financial’s separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 42% exchange-traded equities and 2% 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 Schaeffer Financial?","answer":"Schaeffer Financial’s direct owners are Karen Schaeffer (50% to 75%) and Kaitlin Yardley (25% to 50%).","source":"Form ADV Part 1A, Schedules A and B, filed 14 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Schaeffer Financial get paid?","answer":"Schaeffer Financial is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Schaeffer Financial registered with the SEC?","answer":"Yes, Schaeffer Financial has been registered with the SEC as an investment adviser since 3 January 2005. Its CRD number is 133697 and its SEC file number is 801-63790.","source":"Form ADV Part 1A, Item 1, filed 14 July 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Schaeffer Financial?","answer":"Schaeffer Financial’s main office is at 4612 Great Oak Road, Rockville, MD 20853. Its phone number is 301-933-5550.","source":"Form ADV Part 1A, Item 1.F, filed 14 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/schaeffer-financial-133697/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-03","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1898838/000170581926000049/0001705819-26-000049-index.html","totalValue":129311702,"positionCount":27,"top10Share":0.9520340858246533,"top10":[{"issuer":"ISHARES TR","titleOfClass":"ISHS 1-5YR INVS","cusip":"464288646","value":35337609,"shares":674253,"shareType":"SH","priorValue":34130973,"priorShares":649372},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US BRD MKT ETF","cusip":"808524102","value":26204986,"shares":904868,"shareType":"SH","priorValue":22649659,"priorShares":902377},{"issuer":"SPDR INDEX SHS FDS","titleOfClass":"ST STR MSCI 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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."}