{"url":"https://nivawealth.com/firms/schmidt-financial-management-328247","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/328247","regulatoryAum":497527086,"crd":"328247","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7533922","suffix":null,"lastName":"Hubert","firstName":"Dominic","middleName":"Christian"},{"crd":"5724516","suffix":null,"lastName":"SCHMIDT","firstName":"EVAN","middleName":"TODD"}],"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":"2024-04-12","regulatoryAum":0,"clients":0,"employees":5,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":445492467,"clients":141,"employees":7,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":497527086,"clients":140,"employees":7,"offices":1}],"secFileNumber":"801-128860","legalName":"Schmidt Financial Management, Inc.","displayName":"Schmidt Financial Management","slug":"schmidt-financial-management-328247","website":"https://schmidtfm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/schmidt-financial-management","founded":"2003","organization":"Washington corporation","fiscalYearEnd":"December","headquarters":{"street":"3435 Carillon Point","city":"Kirkland","state":"WA","stateName":"Washington","country":"United States","postalCode":"98033"},"tradeNames":[],"registration":{"secApproved":"29 September 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":3553764.9,"staff":{"employees":7,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":497527086,"discretionary":485360202,"discretionaryAccounts":798,"nonDiscretionary":12166884,"nonDiscretionaryAccounts":29,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":43,"regulatoryAum":15133412},{"label":"High-net-worth individuals","clients":97,"regulatoryAum":482393674}],"feePrograms":[{"role":"main","program":"SFM Advisory Fee","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":0.9,"from":0},{"to":2000000,"pct":0.8,"from":1000000},{"to":4000000,"pct":0.7,"from":2000000},{"to":8000000,"pct":0.6,"from":4000000},{"to":15000000,"pct":0.5,"from":8000000},{"to":25000000,"pct":0.4,"from":15000000},{"to":null,"pct":0.3,"from":25000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1029395","versionId":1029395,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-27","documentName":"SCHMIDT FINANCIAL MANAGEMENT 2A BROCHURE","fee_rate_low":0.3,"fee_rate_high":0.9,"fee_negotiable":null,"minimum_account":5000000,"feeMinimumPeriod":"quarterly","fee_minimum_annual":8000}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:21:10.340729+00:00","documents":[{"name":"SCHMIDT FINANCIAL MANAGEMENT 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1029395","versionId":1029395,"submittedOn":"2026-03-27"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":487879742}],"custodyNote":"Schmidt Financial Management has custody of $88.2M in client assets for 100 clients.","otherCustodians":[],"leadership":[{"name":"Dominic Hubert","title":"Vice President","crd":"7533922"},{"name":"Evan Schmidt","title":"President","crd":"5724516"},{"name":"Paul Cox","title":"Chief Compliance Officer","crd":"2611640"}],"ownership":[{"label":"Evan Schmidt","detail":"President in the 75% or more ownership band and a control person, since June 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"3435 Carillon Point","city":"Kirkland","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"425-893-9195","stateRegisteredReps":2,"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)","Publication of periodicals or newsletters"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":42},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. state and local bonds","percent":17},{"label":"Securities issued by registered investment companies or business development companies","percent":33},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/328247/PDF/328247.pdf","brochureDate":"27 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1029395","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 Schmidt Financial Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Schmidt Financial Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Schmidt Financial Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Schmidt Financial Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Schmidt Financial Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Schmidt Financial Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Schmidt Financial Management have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Schmidt Financial Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Schmidt Financial Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Schmidt Financial Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 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."}