Financial Management, Inc.

Registered adviser

CIK

2143070

Location

LITTLE ROCK, AR

Portfolio Value

Small $108,303,012

Diversification

Diversified

Filing Date

Global Rank

#8,009 / 8,827 ▼ 6 · as of Jun 2026

Top Industry

Discount Stores 38.8%

Period ended 38 days ago

Filed Nov 5, 2026 · 2d

4 quarters · since Dec 2025

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 108350

Roster of Nov 1, 2026

Regulatory AUM

$247,788,067

Main clients

Diversified

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Nov 2026	$247,788,067	Diversified
Apr 2026 to Oct 2026	$224,453,742	Diversified
Apr 2025 to Mar 2026	$181,181,011	Individuals and high net worth (81%)
Apr 2024 to Mar 2025	$118,060,937	Individuals and high net worth (74%)
May 2023 to Mar 2024	$105,267,439	Individuals and high net worth (74%)
Apr 2023	$105,267,439	Individuals and high net worth (74%)

1 earlier changes not shown.

Stated strategy

Multi-asset, Wealth management / planning Form ADV Part 2A, Oct 20, 2026 · original

In the firm's words

Multi-asset: Our primary investment selection and management philosophy is built upon Strategic Asset Allocation
Wealth management / planning: Instead, for asset management accounts, FSIM typically recommends exchange traded funds or mutual funds to clients.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 82.4% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 3.0 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 85.6%; sector active share 77.4% against the combined 13F book's sector weights.

Over time 3 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

47 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

23.8%

−3.3 pts

Top 5

64.9%

+7.7 pts

Top 10

87.4%

+5.0 pts

HHI

1,174

Diversified+58

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	94.5%	$102,299,121	38
Consumer Defensive	2.4%	$2,604,425	2
Technology	1.7%	$1,882,022	3
Industrials	0.9%	$932,934	1
Financial Services	0.3%	$369,012	2
Healthcare	0.2%	$215,498	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
JMBS	Janus Henderson Mortgage-Backed Securities ETF	+41,683	90,700	$3,832,982
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+13,858	15,786	$1,983,826
SCHP	Schwab U.S. TIPS ETF	+7,896	175,403	$4,407,877
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	+6,561	72,947	$3,672,881
IDEV	iShares Core MSCI International Developed Markets ETF	+5,122	134,440	$12,029,691
SCHD	Schwab U.S. Dividend Equity ETF	+4,379	22,494	$731,729
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	+4,236	106,523	$5,513,630
USRT	iShares Core U.S. REIT ETF	+3,025	61,071	$3,760,752
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	+1,460	288,519	$8,537,277
FLTR	VanEck IG Floating Rate ETF	+194	21,000	$537,390
FDVV	Fidelity High Dividend ETF	+74	12,791	$776,797
FNDX	Schwab Fundamental U.S. Large Company ETF	+31	8,427	$265,197
WMT	Walmart Inc.	+25	22,441	$2,332,068
SCHG	Schwab U.S. Large-Cap Growth ETF	+11	10,644	$382,438
FIW	First Trust Water ETF	+10	5,969	$619,462
VEU	Vanguard International Equity Index Funds	+8	3,388	$281,102
LRGF	iShares U.S. Equity Factor ETF	+7	2,698	$210,039
JNJ	Johnson & Johnson	+4	814	$215,498
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
IQLT	iShares MSCI Intl Quality Factor ETF	−115,849	91,168	$4,510,080
—		−65,052	206,228	$0
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	−39,205	119,076	$6,839,725
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	−29,567	15,686	$636,537
FYC	First Trust Small Cap Growth AlphaDEX Fund	−25,301	23,267	$2,683,150
REZ	iShares Residential and Multisector Real Estate ETF	−15,003	8,901	$786,314
NVDA	Nvidia Corp	−5,773	4,564	$1,042,326
SPHQ	Invesco S&P 500 Quality ETF	−5,129	81,162	$6,824,100
XMHQ	Victory Portfolios II	−3,586	57,241	$0
AAPL	Apple Inc.	−3,158	1,603	$533,831
WM	Waste Management Inc	−3,086	4,575	$932,934
KO	Coca Cola Co	−1,484	3,164	$272,357
QQQ	Invesco Qqq Trust, Series 1	−972	14,252	$10,543,202
VO	VANGUARD MID-CAP INDEX FUND	−506	17,373	$1,362,390
VB	Vanguard Index Funds	−167	2,193	$623,886
ITA	iShares U.S. Aerospace & Defense ETF	−108	2,079	$0
IVV	iShares Core S&P 500 ETF	−85	274	$209,842
IHI	iShares U.S. Medical Devices ETF	−30	7,438	$380,453
INTC	Intel Corp	−4	2,544	$305,865
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	105,303	$9,451,997
DFAI	Dimensional International Core Equity Market ETF	127,753	$5,292,806
SCHI	Schwab 5-10 Year Corporate Bond ETF	159,111	$3,411,339
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	3,246	$250,753
DFUS	Dimensional U.S. Equity Market ETF	2,620	$217,538
IUSG	iShares Core S&P U.S. Growth ETF	1,039	$201,306
—		37,587	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
GOOGL	Alphabet Inc.	5,019	$1,793,640
MSFT	Microsoft Corp	856	$319,305
AMZN	Amazon Com Inc	1,244	$296,494
IJT	iShares S&P Small-Cap 600 Growth ETF	1,224	$218,606
CSCO	Cisco Systems, Inc.	1,838	$215,891
SPYI	NEOS S&P 500(R) High Income ETF	3,819	$202,750
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

47 tracked positions · $108,303,012 total · filing declares 47 positions · $122,910,734 · as of Sep 30, 2026

All sectors Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IDEV	iShares Core MSCI International Developed Markets ETF	Added	134,440	+5,122	$12,029,691	+4.5%	11.11%
QQQ	Invesco Qqq Trust, Series 1	Reduced	14,252	-972	$10,543,202	−6.0%	9.73%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	NEW	105,303	NEW	$9,451,997	NEW	8.73%
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	Added	288,519	+1,460	$8,537,277	−0.9%	7.88%
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	Reduced	119,076	-39,205	$6,839,725	−25.3%	6.32%
SPHQ	Invesco S&P 500 Quality ETF	Reduced	81,162	-5,129	$6,824,100	−12.2%	6.30%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Added	106,523	+4,236	$5,513,630	+4.1%	5.09%
DFAI	Dimensional International Core Equity Market ETF	NEW	127,753	NEW	$5,292,806	NEW	4.89%
IQLT	iShares MSCI Intl Quality Factor ETF	Reduced	91,168	-115,849	$4,510,080	−56.0%	4.16%
SCHP	Schwab U.S. TIPS ETF	Added	175,403	+7,896	$4,407,877	−0.7%	4.07%
JMBS	Janus Henderson Mortgage-Backed Securities ETF	Added	90,700	+41,683	$3,832,982	+73.8%	3.54%
USRT	iShares Core U.S. REIT ETF	Added	61,071	+3,025	$3,760,752	−2.5%	3.47%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Added	72,947	+6,561	$3,672,881	+4.1%	3.39%
SCHI	Schwab 5-10 Year Corporate Bond ETF	NEW	159,111	NEW	$3,411,339	NEW	3.15%
FYC	First Trust Small Cap Growth AlphaDEX Fund	Reduced	23,267	-25,301	$2,683,150	−56.6%	2.48%
WMT	Walmart Inc. Consumer Defensive	Added	22,441	+25	$2,332,068	−8.1%	2.15%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	15,786	+13,858	$1,983,826	+760.9%	1.83%
VO	VANGUARD MID-CAP INDEX FUND	Reduced	17,373	-506	$1,362,390	−5.4%	1.26%
NVDA	Nvidia Corp Technology	Reduced	4,564	-5,773	$1,042,326	−49.6%	0.96%
WM	Waste Management Inc Industrials	Reduced	4,575	-3,086	$932,934	−45.4%	0.86%
REZ	iShares Residential and Multisector Real Estate ETF	Reduced	8,901	-15,003	$786,314	−65.3%	0.73%
FDVV	Fidelity High Dividend ETF	Added	12,791	+74	$776,797	+1.3%	0.72%
SCHD	Schwab U.S. Dividend Equity ETF	Added	22,494	+4,379	$731,729	+27.4%	0.68%
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	Reduced	15,686	-29,567	$636,537	−67.4%	0.59%
VB	Vanguard Index Funds	Reduced	2,193	-167	$623,886	−12.8%	0.58%
FIW	First Trust Water ETF	Added	5,969	+10	$619,462	−5.1%	0.57%
FLTR	VanEck IG Floating Rate ETF	Added	21,000	+194	$537,390	+0.9%	0.50%
AAPL	Apple Inc. Technology	Reduced	1,603	-3,158	$533,831	−61.3%	0.49%
ROBO	ROBO Global Robotics and Automation Index ETF	Held	6,595	0	$530,633	−6.1%	0.49%
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	10,644	+11	$382,438	+6.3%	0.35%
IHI	iShares U.S. Medical Devices ETF	Reduced	7,438	-30	$380,453	+3.1%	0.35%
OZK	Bank OZK Financial Services	Held	8,029	0	$369,012	−11.8%	0.34%
INTC	Intel Corp Technology	Reduced	2,544	-4	$305,865	−14.0%	0.28%
VEU	Vanguard International Equity Index Funds	Added	3,388	+8	$281,102	−0.7%	0.26%
KO	Coca Cola Co Consumer Defensive	Reduced	3,164	-1,484	$272,357	−27.9%	0.25%
FNDX	Schwab Fundamental U.S. Large Company ETF	Added	8,427	+31	$265,197	+1.6%	0.24%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	NEW	3,246	NEW	$250,753	NEW	0.23%
DFUS	Dimensional U.S. Equity Market ETF	NEW	2,620	NEW	$217,538	NEW	0.20%
JNJ	Johnson & Johnson Healthcare	Added	814	+4	$215,498	+4.8%	0.20%
LRGF	iShares U.S. Equity Factor ETF	Added	2,698	+7	$210,039	+3.2%	0.19%
IVV	iShares Core S&P 500 ETF	Reduced	274	-85	$209,842	−21.9%	0.19%
IUSG	iShares Core S&P U.S. Growth ETF	NEW	1,039	NEW	$201,306	NEW	0.19%
XMHQ	Victory Portfolios II	Reduced	57,241	-3,586	$0	−100.0%	0.00%
		Reduced	206,228	-65,052	$0	−100.0%	0.00%
QQQM	Invesco Ltd. Financial Services	Held	689	0	$0	−100.0%	0.00%
		NEW	37,587	NEW	$0	NEW	0.00%
ITA	iShares U.S. Aerospace & Defense ETF	Reduced	2,079	-108	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.