A & I Financial Services, Llc
- Regulatory AUM
- $560M
- Discretionary
- $506M
- Clients
- 518
- Avg AUM / client
- $1.1M
- Accounts
- 1,683
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Apr 08, 2026
Investments (13F portfolio — 75 positions, $229,610,987)
13F period Jun 30, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Tr | MSCI EAFE ETF | $41,565,308 | 400,128 | 18.1% | 7.42% |
| 2 | Touchstone Etf Trust | SANDS CAP US ETF | $36,132,900 | 1,222,883 | 15.7% | 6.45% |
| 3 | 2023 Etf Series Trust | BRAN US VALU ETF | $17,463,309 | 442,781 | 7.61% | 3.12% |
| 4 | Harris Oakmark Etf Trust | OAKMARK U S LRG | $16,871,325 | 598,911 | 7.35% | 3.01% |
| 5 | Litman Gregory Fds Tr | IMGP DBI MAN ETF | $10,819,258 | 353,455 | 4.71% | 1.93% |
| 6 | Virtus Etf Tr Ii | ALPHASIMPLEX MNG | $10,636,459 | 413,339 | 4.63% | 1.9% |
| 7 | Ishares Tr | CORE S&P TTL STK | $9,048,813 | 55,085 | 3.94% | 1.62% |
| 8 | Capital Group Growth Etf | SHS CREAT UNIT | $6,733,127 | 142,651 | 2.93% | 1.2% |
| 9 | Capital Group Core Equity Et | SHS CREAT UNIT | $6,516,704 | 146,508 | 2.84% | 1.16% |
| 10 | Vanguard Tax Managed Fds | VAN FTSE DEV MKT | $5,893,444 | 82,715 | 2.57% | 1.05% |
| 11 | Capital Group Dividend Value | SHS CREAT UNIT | $5,304,490 | 107,639 | 2.31% | 0.95% |
| 12 | Capital Group Gbl Growth Eqt | SHS CREAT UNIT | $4,392,266 | 103,762 | 1.91% | 0.78% |
| 13 | Apple Inc | COM | $4,294,392 | 14,841 | 1.87% | 0.77% |
| 14 | Tcw Etf Trust | TRANSFRM 500 ETF | $3,743,549 | 42,458 | 1.63% | 0.67% |
| 15 | Nvidia Corporation | COM | $3,114,201 | 15,564 | 1.36% | 0.56% |
| 16 | Capital Group Equity Etf Tr | US SM MI CA ETF | $2,753,709 | 83,521 | 1.2% | 0.49% |
| 17 | Capital Group Global Equity | SHS | $2,708,143 | 76,848 | 1.18% | 0.48% |
| 18 | Vanguard Intl Equity Index F | FTSE EMR MKT ETF | $2,467,525 | 41,339 | 1.07% | 0.44% |
| 19 | Capital Group New Geography | SHS | $1,796,912 | 47,968 | 0.78% | 0.32% |
| 20 | Morgan Stanley Etf Trust | CALVE INDEX ETF | $1,639,668 | 19,287 | 0.71% | 0.29% |
| 21 | Ishares Tr | ESG AWARE MSCI | $1,635,114 | 29,235 | 0.71% | 0.29% |
| 22 | Ishares Tr | CORE S&P500 ETF | $1,585,400 | 2,117 | 0.69% | 0.28% |
| 23 | Ishares Tr | ESG AW MSCI EAFE | $1,358,120 | 13,210 | 0.59% | 0.24% |
| 24 | Litman Gregory Fds Tr | POLEN CAP INTL G | $1,239,026 | 140,638 | 0.54% | 0.22% |
| 25 | Nushares Etf Tr | NUVEEN ESG US | $1,226,965 | 55,431 | 0.53% | 0.22% |
Top 25 of 75 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 353 | $160M | 28.6% |
| High net worth individuals | 165 | $396M | 70.7% |
| Pension and profit sharing plans | Fewer than 5 clients | $2.6M | 0.46% |
| Charitable organizations | Fewer than 5 clients | $1.2M | 0.22% |
People (10)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Karl Fredrick Frank | Manager And Chief Compliance Officer | CFP | Aug 2004 (22y) | ≈ 37.5% – 75% via A & I Holdings, Llc |
| Stacey Katrina Frank | Manager | Aug 2004 (22y) | ≈ 37.5% – 75% via A & I Holdings, Llc | |
| Julie Cameron Morgan | Registered representative | Jan 2009 (18y) | ||
| Judson E Cass | Registered representative | CFP | Jul 2012 (14y) | |
| Francois Giguere | Registered representative | CFP | Jan 2015 (12y) | |
| Marla Anne Mason | Registered representative | CFP | May 2017 (9y) | |
| Peter Frederic Lengsfeld | Registered representative | CFP | May 2017 (9y) | |
| David Lee Stevens | Registered representative | CFP | Jan 2019 (8y) | |
| Chad Michael Harmon | Registered representative | Jan 2025 (2y) | ||
| Cassidy J Butler | Registered representative | CFP | Feb 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| A & I Holdings, Llc | Member | Jan 2018 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Karl Fredrick Frank: 50% – 75% of A & I Holdings, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Stacey Katrina Frank: 50% – 75% of A & I Holdings, Llc × 75% – 100% direct ≈ 37.5% – 75% 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) | 04/08/2026 | 904 KB | 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
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Axos Clearing $492M (88% of AUM) Apr 2026
- E*TRADE (Morgan Stanley) $331M (79% of AUM) Jan 2022
- Trust Company Of America $174M (71% of AUM) Jul 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Apr 08, 2026.
View current Form ADV (SEC/IAPD) ↗