Wealth manager, independent · Mission Viejo, CA
Financial Management Network Inc
SEC-registered investment adviser · CRD 110454 · SEC 801-40473
At a glance
Financial Management Network Inc is an SEC-registered investment adviser based in Mission Viejo, California, with $2.1B in regulatory assets under management as of its Form ADV filed December 19, 2025. It reports 1,379 individual clients, 460 of them high-net-worth, holding an average of about $1.1 million each, and 50 employees. That ranks it 520th among the nation’s 5,657 independent wealth management RIAs and 64th of 714 in California. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 949-455-0300fmncc.comAs filed on Form ADV
- Regulatory AUM
- $2.1B
- Rank among independent wealth managers
- #520 of 5,657
- Rank among all SEC RIAs
- #3,486 of 17,210
- Rank in California
- #64 of 714
- Individual clients
- 1,379
- High-net-worth clients
- 460
- Accounts
- 4,474
- Discretionary
- 73% of AUM
- Employees
- 50
- Advisory staff
- 21
- Offices
- 3
Owners and executives on its Form ADV
- Matthew S. MerwinManaging Partner / Advisory Board Member
- Jeffrey G. MerwinManaging Partner/ttee"/chief Compliance Officer
- Matthew M. MerwinManaging Partner/trustee
- John J MerwinTrustee
Custody and brokerage
Broker-dealer
Hybrid RIA
Financial Management Network Inc is a hybrid RIA: 21 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: FMN Capital Corporation.
- FMN Capital Corporation ↗CRD 38105
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed December 2025) names FMN Capital as the broker-dealer its advisers are registered with.
Some Representatives of FMN are also Registered Representatives of FMN Capital Corporation an affiliated Broker-Dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 460 | $1.3B | 59% |
| Pension and profit sharing plans | 131 | $598M | 28% |
| Individuals | 919 | $261M | 12% |
| Insurance companies | 7 | $15M | <1% |
| Corporations or other businesses | 11 | $6M | <1% |
Disciplinary disclosures
Financial Management Network Inc reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗fmncc.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,845 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| California Financial AdvisorsSAN Ramon | $2.3B | 1,517 |
| Oakmont CorporationLOS Angeles | $2.2B | 63 |
| Evolve Private Wealth, LLCLOS Angeles | $2.1B | 679 |
| Van Hulzen Financial AdvisorsEL Dorado Hills | $2.1B | 1,389 |
| Coastedge Partners, LLCSAN Diego | $2.1B | 131 |
| Fairview CapitalGreenbrae | $2.0B | 241 |
Background
Questions
How much does Financial Management Network Inc manage?
Financial Management Network Inc reports $2.1B in regulatory assets under management across 4,474 accounts, 73% of it on a discretionary basis, on its Form ADV filed December 19, 2025.
How many clients does Financial Management Network Inc have?
It reports 1,379 individual clients: 460 high-net-worth individuals and 919 other individuals. Individuals account for about 71% of its regulatory assets.
Where is Financial Management Network Inc headquartered?
Its main office is in Mission Viejo, California. It reports 3 offices in total and 50 employees, 21 of whom perform investment advisory functions.
How does Financial Management Network Inc charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Financial Management Network Inc use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed December 19, 2025, it reports these amounts held: Fidelity ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Financial Management Network Inc a hybrid RIA with a broker-dealer?
Financial Management Network Inc is a hybrid RIA: 21 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: FMN Capital Corporation. FMN Capital Corporation clears through National Financial Services (Fidelity), according to its annual report filed with the SEC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Financial Management Network Inc a fiduciary?
As an SEC-registered investment adviser, Financial Management Network Inc owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 21 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Financial Management Network Inc’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2025-12-19), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →