Adaptation Financial Advisors Inc.
- Regulatory AUM
- $234M
- Discretionary
- $234M
- Clients
- 690
- Avg AUM / client
- $339K
- Accounts
- 1,291
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of May 06, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 637 | $131M | 55.9% |
| High net worth individuals | 53 | $103M | 44.1% |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Alan Philip Niemann | Trustee | Chartered Financial Consultant | Aug 2020 (6y) | Less than 5% |
| Eischen, Michael, Paul | Shareholder | Jan 2021 (6y) | Less than 5% | |
| Krost, Michael, David | Shareholder | Jan 2021 (6y) | 5% – 10% | |
| Wozniak, Scott | Owner | Jan 2021 (6y) | ≈ 0% – 5% via Swoz Enterprises, Inc. | |
| Niemann, Avery, Gweb | Director | Sep 2024 (2y) | Less than 5% | |
| Johnny L Berry | Registered representative | Feb 2022 (4y) | ||
| Ashton Riley Niemann | Registered representative | Feb 2023 (3y) | ||
| Shanon M Mc Cune | Registered representative | Feb 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Apn Adaptation Financial Holdings, Llc | Shareholder | Feb 2020 | A | 75% or more |
| Kbs Capital Management, Llc | Shareholder | Jan 2021 | A | 5% – 10% |
| Swoz Enterprises, Inc. | Shareholder | Jan 2021 | A | Less than 5% |
| Alan Niemann Trust | Member | May 2021 | B | ≈ 56.25% – 100% via Apn Adaptation Financial Holdings, Llc |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Wozniak, Scott: 75% – 100% of Swoz Enterprises, Inc. × 0% – 5% direct ≈ 0% – 5% of the firm
- Alan Niemann Trust: 75% – 100% of Apn Adaptation Financial Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
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) | 05/06/2026 | 1.05 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
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Cambridge Investment Research, Inc. $189M (61% of AUM) Dec 2021
- National Financial Services (Fidelity) $189M (61% of AUM) Feb 2022
- Fidelity Brokerage Services $119M (51% of AUM) May 2026
- Charles Schwab & Co. $93.4M (40% of AUM) May 2026
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: May 06, 2026.
View current Form ADV (SEC/IAPD) ↗