Financial Management Strategies, Inc.

Registered investment adviser · Broadview Hts., OH · CRD #120818

Form ADV data as of 2026-09-01

Regulatory assets

$714.2 million

Total accounts

1,895

Employees

Disclosure events

Firm details

Website: http://www.fmstrategies.biz
Telephone: 216-642-1099
SEC file number: 801-66641
Most recent Form ADV filing: 2026-03-31
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 3 disclosure questions answered Yes, covering 3 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$586.0 million
Non-discretionary regulatory assets under management	$128.2 million
Total regulatory assets under management	$714.2 million
Discretionary accounts	1,626
Non-discretionary accounts	269
Total accounts	1,895
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	23
Employees performing investment advisory functions (including research)	23
Employees who are registered representatives of a broker-dealer	23
Employees registered as investment adviser representatives with a state	20
Employees registered as IARs for another investment adviser	16
Employees who are licensed insurance agents	15
Firms or persons who solicit advisory clients on the firm's behalf	4

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPension consulting servicesEducational seminars/workshops

Affiliated related persons

Insurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends brokers or dealers to clients
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	1,264	$244.8 million
High net worth individuals	588	$374.1 million
Pension and profit sharing plans (not the participants or government plans)	8	$65.8 million
Charitable organizations	6	$4.5 million
Corporations or other businesses not listed above	29	$25.0 million