Maxim Financial Advisors LLC
Registered investment adviser · New York, NY · CRD #139366
Form ADV data as of 2026-09-01Regulatory assets
$445.5 million
Total accounts
775
Employees
35
Disclosure events
28
Firm details
- Website: http://www.maximgrp.com
- Telephone: 212-895-3500
- SEC file number: 801-66147
- Most recent Form ADV filing: 2026-03-20
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 4 disclosure questions answered Yes, covering 28 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.
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $284.7 million |
| Non-discretionary regulatory assets under management | $160.8 million |
| Total regulatory assets under management | $445.5 million |
| Discretionary accounts | 438 |
| Non-discretionary accounts | 337 |
| Total accounts | 775 |
| Regulatory assets under management attributable to non-U.S. persons | $32.2 million |
People
| Total employees (excluding clerical) | 35 |
| Employees performing investment advisory functions (including research) | 28 |
| Employees who are registered representatives of a broker-dealer | 35 |
| Employees registered as investment adviser representatives with a state | 35 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
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 | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $371.2 million |
| Clients for whom a related person has custody | 754 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | Yes |
| Number of persons acting as qualified custodians for the firm's clients | 1 |
How the firm is compensated
Advisory services offered
Affiliated related persons
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:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Executes agency cross transactions involving advisory client securities
- Recommends securities in which it has another sales interest
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
- Receives soft dollar benefits
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 710 | $247.6 million |
| High net worth individuals | 48 | $164.9 million |
| Pension and profit sharing plans (not the participants or government plans) | 5 | $6.9 million |
| Corporations or other businesses not listed above | 12 | $26.1 million |