Schmidt Financial Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Schmidt Financial Management reports 140 clients. They include 97 high-net-worth individuals and 43 individual clients. Of its assets, 97.6% ($485M across 798 accounts) are managed with discretion; $12.2M across 29 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 31% | 3% |
| High-net-worth individuals | 69% | 97% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 43 | $15.1M | 3.0% | $352K |
| High-net-worth individuals | 97 | $482M | 97.0% | $4.97M |
| Total | 140 | $498M | 100% | $3.55M |
- Clients
- 43
- Regulatory AUM
- $15.1M
- AUM share
- 3.0%
- Avg. per client
- $352K
- Clients
- 97
- Regulatory AUM
- $482M
- AUM share
- 97.0%
- Avg. per client
- $4.97M
Total
- Clients
- 140
- Regulatory AUM
- $498M
- AUM share
- 100%
- Avg. per client
- $3.55M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Schmidt Financial Management charges 0.30%–0.90% a year for its SFM Advisory Fee. Each asset band is charged at its own rate. The fee is billed in arrears, has a $8,000 annual minimum and requires an account of at least $5,000,000.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 0.90% |
| $1M–$2M | 0.80% |
| $2M–$4M | 0.70% |
| $4M–$8M | 0.60% |
| $8M–$15M | 0.50% |
| $15M–$25M | 0.40% |
| $25M and above | 0.30% |
Fee details and sources
Evan Schmidt owns 75% or more of Schmidt Financial Management. The leadership team of Schmidt Financial Management includes President Dominic Hubert and Chief Compliance Officer Paul Cox. It has 7 employees, 2 of them in advisory roles.
Leadership
Dominic HubertVice President- Evan SchmidtPresident
- Paul CoxChief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Schmidt Financial Management, Inc.
Evan Schmidt
Control person · since June 2019
Schmidt Financial Management’s regulatory assets grew Infinity× from $0 (April 2024) to $498M (March 2026); employees rose from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $498M | 140 | 7 | 1 |
| March 2025 | $445M | 141 | 7 | 1 |
| April 2024 | $0 | 0 | 5 | 1 |
Besides its headquarters, Schmidt Financial Management has 0 offices, with 1 listed address in Washington.
Washington · 1 listed address
- 3435 Carillon Point, KirklandHQ
Contact and registration details
- Legal name
- Schmidt Financial Management, Inc.
- Headquarters
- 3435 Carillon Point, Kirkland, WA 98033
- Website
- schmidtfm.com
- Phone
- 425-893-9195
- @schmidt-financial-management
- SEC file
- 801-128860
- Founded
- 2003
- Structure
- Washington corporation
- Fiscal year end
- December
Schmidt Financial Management uses Pershing ($488M) as custodian for its separately managed accounts. Schmidt Financial Management has custody of $88.2M in client assets for 100 clients.
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $488M100%
At year end, Schmidt Financial Management’s separately managed accounts were largely in stocks (43%) and funds (33%).
What the accounts hold
- Stocks43%
- Exchange-traded equities42%
- Non-exchange-traded equities1%
- Funds33%
- Bonds17%
- Cash7%
How many clients does Schmidt Financial Management have?
Schmidt Financial Management has 140 clients and manages $498 million for them, as of March 2026. They include 97 high-net-worth individuals and 43 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Schmidt Financial Management offer?
Schmidt Financial Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, 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
How much does Schmidt Financial Management charge?
Schmidt Financial Management charges 0.30%–0.90% a year for its SFM Advisory Fee. Each asset band is charged at its own rate. The fee is billed in arrears, has a $8,000 annual minimum and requires an account of at least $5,000,000.
Source: SCHMIDT FINANCIAL MANAGEMENT 2A BROCHURE, filed 27 March 2026
Which custodians does Schmidt Financial Management use?
Schmidt Financial Management’s separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $488M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Schmidt Financial Management have?
Schmidt Financial Management has 2 investment adviser representatives registered with state securities authorities, out of 7 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
What does Schmidt Financial Management invest in?
At the end of its last fiscal year, Schmidt Financial Management’s separately managed accounts held 42% exchange-traded equities, 33% registered funds (mutual funds, ETFs, BDCs), 17% state and local bonds, 7% cash and equivalents and 1% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Schmidt Financial Management have a minimum investment?
Yes, Schmidt Financial Management’s minimum account size for its SFM Advisory Fee is $5M. It charges a $8K annual minimum fee.
Source: SCHMIDT FINANCIAL MANAGEMENT 2A BROCHURE, filed 27 March 2026
Who owns Schmidt Financial Management?
Schmidt Financial Management’s direct owner is Evan Schmidt (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Schmidt Financial Management get paid?
Schmidt Financial Management 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
How do I contact Schmidt Financial Management?
Schmidt Financial Management’s main office is at 3435 Carillon Point, Kirkland, WA 98033. Its phone number is 425-893-9195. Its website is schmidtfm.com.