Federal Prep Advisors, Inc.
- Regulatory AUM
- $80.1M
- Discretionary
- $0
- Clients
- 637
- Avg AUM / client
- $126K
- Accounts
- 637
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Jul 01, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 637 | $80.1M | 100.0% |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Michael Andrew Kerper | Chairman/Ceo | Jan 2016 (11y) | 75% or more | |
| Ressler, Sander | Chief Compliance Officer | May 2024 (2y) | Less than 5% | |
| Joseph Chiossone | Registered representative | Jun 2017 (9y) | ||
| Andrew Leonard Kerper | Registered representative | Jan 2023 (4y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/01/2026 | 1.14 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $44.7M (56% of AUM) Jul 2026
- Fidelity Investments $34.4M (43% of AUM) Jul 2026
- SEI Private Trust $1.0M (1% of AUM) Jul 2026
- Sei $174K (0% of AUM) Aug 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 01, 2026.
View current Form ADV (SEC/IAPD) ↗