Schmidt, Jacob Aaron provides financial planning, portfolio management for individuals and small businesses, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year.
Schmidt, Jacob Aaron reports 489 clients. They include 425 individual clients, 58 high-net-worth individuals and 4 charitable organizations. Of its assets, 99.7% ($212M across 1,058 accounts) are managed with discretion; $552K across 9 accounts are not. It advised 8 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 46% |
| High-net-worth individuals | 12% | 47% |
| Charitable organizations | <1% | 2% |
| Corporations and other businesses | <1% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 425 | $98.5M | 46.3% | $232K |
| High-net-worth individuals | 58 | $99M | 46.6% | $1.71M |
| Charitable organizations | Fewer than 5 | $3.84M | 1.8% | $961K |
| Corporations and other businesses | Fewer than 5 | $11.3M | 5.3% | $5.64M |
| Total | 489 | $213M | 100% | — |
- Clients
- 425
- Regulatory AUM
- $98.5M
- AUM share
- 46.3%
- Avg. per client
- $232K
- Clients
- 58
- Regulatory AUM
- $99M
- AUM share
- 46.6%
- Avg. per client
- $1.71M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.84M
- AUM share
- 1.8%
- Avg. per client
- $961K
- Clients
- Fewer than 5
- Regulatory AUM
- $11.3M
- AUM share
- 5.3%
- Avg. per client
- $5.64M
Total
- Clients
- 489
- Regulatory AUM
- $213M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 8
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Schmidt, Jacob Aaron charges 0.625%–1.25% for its Advisor Managed Portfolios (Non-Wrap Account). The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- The first-year fee is the greater of 1.25% of adjusted gross income or 0.125% of net worth, minimum $750; renewal is the greater of 0.75% of adjusted gross income or 0.075% of net worth, minimum $500.
Jacob Schmidt owns 75% or more of Schmidt, Jacob Aaron. The leadership team of Schmidt, Jacob Aaron includes Chief Compliance Officer Jacob Schmidt. It has 7 employees.
Leadership
Jacob SchmidtOwner/Chief Compliance Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 7 broker-dealer reps
- 5 insurance agents
- Owns 75% or more of Schmidt, Jacob Aaron
Jacob Schmidt
Control person · since October 2020
Schmidt, Jacob Aaron’s regulatory assets grew 1.8× from $115M (April 2022) to $213M (March 2026); clients rose from 311 to 489 and employees from 4 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $213M | 489 | 7 | 1 |
| April 2025 | $179M | 472 | 7 | 1 |
| February 2024 | $153M | 440 | 5 | 1 |
| August 2023 | $98.3M | 353 | 4 | 1 |
| April 2022 | $115M | 311 | 4 | 1 |
Besides its headquarters, Schmidt, Jacob Aaron has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 6920 Pointe Inverness Way, Ste 170, Fort WayneHQ
Contact and registration details
- Legal name
- Schmidt, Jacob Aaron
- Headquarters
- 6920 Pointe Inverness Way, Ste 170, Fort Wayne, IN 46804
- Website
- Not reported
- Phone
- 260-469-3218
- SEC file
- 801-123630
- Structure
- Indiana sole proprietorship
- Fiscal year end
- December
Schmidt, Jacob Aaron uses Pershing ($166M, 78%) and Fidelity ($46.6M, 22%) as custodians for its separately managed accounts. Schmidt, Jacob Aaron has custody of $89M in client assets for 220 clients.
- FidelityNational Financial Services LLC · Boston, MA · $46.6M22%
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $166M78%
At year end, Schmidt, Jacob Aaron’s separately managed accounts were mostly in funds (96%).
What the accounts hold
- Stocks1%
- Funds96%
- Cash3%
How many clients does Schmidt, Jacob Aaron have?
Schmidt, Jacob Aaron has 489 clients and manages $213 million for them, as of March 2026. They include 425 individual clients, 58 high-net-worth individuals and 4 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Schmidt, Jacob Aaron offer?
Schmidt, Jacob Aaron provides financial planning, portfolio management for individuals and small businesses, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Schmidt, Jacob Aaron charge?
Schmidt, Jacob Aaron charges 0.625%–1.25% for its Advisor Managed Portfolios (Non-Wrap Account). The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Source: ADV 2A + 2B FINANCIAL PLANNING SERVICES BROCHURE, filed 17 March 2026
Which custodians does Schmidt, Jacob Aaron use?
Schmidt, Jacob Aaron’s separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $166M and National Financial Services LLC (Boston, MA), with $46.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Schmidt, Jacob Aaron have?
Schmidt, Jacob Aaron has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 7 employees are registered representatives of a broker-dealer and 5 employees are 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, Jacob Aaron invest in?
At the end of its last fiscal year, Schmidt, Jacob Aaron’s separately managed accounts held 96% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Schmidt, Jacob Aaron?
Schmidt, Jacob Aaron’s direct owner is Jacob Schmidt (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Schmidt, Jacob Aaron get paid?
Schmidt, Jacob Aaron is paid through a percentage of assets under management 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
How do I contact Schmidt, Jacob Aaron?
Schmidt, Jacob Aaron’s main office is at 6920 Pointe Inverness Way, Ste 170, Fort Wayne, IN 46804. Its phone number is 260-469-3218.