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First Affirmative Financial Network LLC

Updated today

Client assets under management

$886,798,254

Clients

2,275

56% high-net-worth

Advisors

10

of 23 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

228

Very High

Average account size

$389,801

About

First Affirmative Financial Network, LLC (doing business as Formative) serves individuals (including high‑net‑worth clients), trusts, estates, charitable organizations, and other institutions through a nationwide network of IARs and affiliated Network Advisors. The firm provides discretionary fiduciary investment management, financial planning, retirement‑plan consulting and OCIO‑type services, and also offers non‑fiduciary services to selling advisors and third‑party RIAs.

Formative’s investment process centers on values‑aligned and faith‑based investing, integrating environmental, social and governance factors and proprietary mutual/model scores into portfolio construction using equities, mutual funds, ETFs and fixed income. It offers tailored solutions such as Values‑Aligned Direct Indexing (VADIS), proprietary and third‑party model portfolios, and emphasizes diversified, long‑term asset allocation while permitting tactical and client‑specific constraints implemented on a discretionary basis.

Several features distinguish Formative from many team firms: it operates nine offices and sponsors multiple wrap‑fee programs (including platforms run by Geneos/Axiom, Goldman Sachs, OPS and Apex) and makes proprietary models available to third‑party RIAs. The firm also publishes a quarterly newsletter plus market and economic commentaries, provides quarterly performance reporting to clients, runs educational workshops for retirement‑plan participants, monitors class‑action claims for clients, and may facilitate illiquid impact investments and margin/borrowing in certain accounts.

Client services

Financial planning Portfolio management Selection of other advisers Newsletters or periodicals Educational seminars or workshops

Expertise

ESG / Sustainable investing Private / alternative investments

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Fee options

Fixed

Fixed fees from $250 up to $5,000 for financial planning services

Percentage

$0 - $2,000,000: 0.31% (Formative discretionary investment advisory services on Apex/Goldman Sachs wrap fee programs) $2,000,001 - $10,000,000: 0.31% (same as above) $10,000,001 - $20,000,000: 0.31% (same as above) $20,000,001+: 0.31% (same as above) $0 - $2,000,000: 0.31% (Formative discretionary investment advisory services on Schwab custodied accounts) $2,000,001 - $10,000,000: 0.26% (same as above) $10,000,001 - $20,000,000: 0.21% (same as above) $20,000,001+: 0.21% (same as above) $0 - $50,000: 1.450% (OPS Wrap Fee Program, monthly billing) $50,001 - $150,000: 1.350% (OPS Wrap Fee Program) $150,001 - $250,000: 1.200% (OPS Wrap Fee Program) $250,001 - $350,000: 1.195% (OPS Wrap Fee Program) $350,001 - $450,000: 1.125% (OPS Wrap Fee Program) $450,001 - $550,000: 1.125% (OPS Wrap Fee Program) $550,001 - $650,000: 1.100% (OPS Wrap Fee Program) $650,001 - $1,650,000: 0.950% (OPS Wrap Fee Program) $1,650,001 - $2,650,000: 0.850% (OPS Wrap Fee Program) $2,650,001 - $7,650,000: 0.750% (OPS Wrap Fee Program) $7,650,001 - $12,650,000: 0.550% (OPS Wrap Fee Program) $12,650,001+: 0.450% (OPS Wrap Fee Program)

Project-based

$90 to $295 per hour for financial planning and consulting services

Other

Account minimum: $25,000 to $250,000 depending on account type and custodian (negotiable) Fee-only: Hourly fees ranging from $90 to $295 per hour; fixed fees from $250 to $5,000 for financial planning

Main office location

First Affirmative Financial Network LLC

5475 Mark Dabling Boulevard, Suite 320

Colorado Springs CO 80918, United States

Number of offices

9

Most active in

Arizona · California · Colorado · Connecticut · District of Columbia · Florida · Idaho · Illinois · Kansas · Maine · Maryland · Massachusetts · Michigan · Missouri · Montana · New Jersey · New Mexico · New York · North Carolina · Ohio · Oregon · Pennsylvania · Texas · Virginia · Washington · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Sigurd B

Series 63

Westport, CT

First Affirmative Financial Network LLC

Sigurd Bue is a financial advisor with First Affirmative Financial Network LLC, holding a Series 63 designation and has 26 years of industry experience. He has been with First Affirmative Financial Network since 1999 and Affirmative Financial Services since 2004. First Affirmative serves individuals, trusts, estates, nonprofit organizations, and retirement plans through a nationwide network of advisors. The firm emphasizes values-aligned and faith-based investing, combining ESG analysis with traditional asset allocation, and offers discretionary portfolio management, financial planning, and outsourced CIO services.

ESG / Sustainable investing Private / alternative investments
user avatar

Meghan L

CFP®

Colorado Sprins, CO

First Affirmative Financial Network LLC

Meghan Lape is a CFP® professional with five years of industry experience, currently with First Affirmative Financial Network LLC. Her prior roles include positions at JPS Global Investments and Conscious Impact Financial Planning LLC. Meghan is also the owner of Mindful Tax, where she provides tax preparation services. First Affirmative Financial Network serves individuals, trusts, estates, nonprofit organizations, and retirement plans nationwide, managing approximately $956 million in assets across 14 advisors. The firm emphasizes values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and offering a proprietary Values-Aligned Direct Index Solution alongside various discretionary portfolio management and consulting services.

ESG / Sustainable investing Private / alternative investments
user avatar

Sarah S

Series 65

Santa Rosa, CA

First Affirmative Financial Network LLC

Sarah Soliman is a financial advisor at First Affirmative Financial Network LLC with a Series 65 credential and one year of industry experience. Prior to joining the firm, she worked at Communitas Financial Planning PBC and has held roles outside finance, including positions at Brook Haven Middle School and the Sebastopol Center for the Arts. First Affirmative Financial Network serves individuals, trusts, estates, nonprofit organizations, and retirement plans through a nationwide adviser network. The firm focuses on values-aligned and faith-based investing, combining ESG analysis with traditional asset allocation and offering services such as discretionary portfolio management and outsourced CIO solutions.

ESG / Sustainable investing Private / alternative investments
user avatar

Robert P

CFP®, Series 63, Series 65

West Newton, MA

First Affirmative Financial Network LLC

Robert Pajak is a CFP® professional with 19 years of industry experience, currently affiliated with First Affirmative Financial Network LLC. He has worked at First Affirmative since 2007 and at Ameritax Professionals, Inc. since 2009. He is also a licensed independent insurance agent authorized to sell insurance products through various companies. First Affirmative serves individuals, trusts, estates, nonprofit organizations, and retirement plans nationwide, managing approximately $956 million in assets through a team of 14 advisors. The firm emphasizes values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and offering proprietary model portfolios and stewardship practices.

ESG / Sustainable investing Private / alternative investments
user avatar

James H

Series 63, Series 65

Lenexa, KS

First Affirmative Financial Network LLC

James Horlacher is a financial advisor with First Affirmative Financial Network LLC in Lenexa, KS. He holds Series 63 and Series 65 licenses and has 26 years of industry experience, having been with First Affirmative since 1999. First Affirmative serves individuals, trusts, estates, nonprofit organizations, and retirement plans through a nationwide network of 14 advisors, managing approximately $956 million in assets. The firm focuses on values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and stewardship practices.

ESG / Sustainable investing Private / alternative investments
user avatar

Brenda L

CFP®, Series 63

Lawrence, KS

First Affirmative Financial Network LLC

Brenda Lenz is a CFP® with 30 years of industry experience, currently serving as a financial advisor at First Affirmative Financial Network LLC since 2012. Her prior work includes roles at Zeider's and MHN, and she has been involved with Wheatland Tax Services, LLC since 2002. First Affirmative Financial Network serves individuals, trusts, estates, nonprofit organizations, and retirement plans through a nationwide network of 14 advisors managing approximately $956 million in assets. The firm focuses on values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and offers a range of services including discretionary portfolio management, financial planning, and outsourced CIO solutions.

ESG / Sustainable investing Private / alternative investments
user avatar

Kenneth S

Series 66

Lebanon, CT

First Affirmative Financial Network LLC

Kenneth Silva Ballard is a financial advisor with First Affirmative Financial Network LLC, holding a Series 66 designation and 10 years of industry experience. His prior roles include positions at Communitas Financial Planning PBC, Summit Financial, LLC, and Cambridge Investment Research, Inc. Outside of finance, he is the owner and operator of Chef Pro Life, a restaurant consulting and training business. First Affirmative Financial Network serves individuals, trusts, estates, nonprofits, and retirement plans nationwide, managing approximately $956 million in assets through 14 advisors. The firm focuses on values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and offering proprietary impact solutions and stewardship services.

ESG / Sustainable investing Private / alternative investments
user avatar

George G

CFP®, Series 63, Series 65

Colorado Springs, CO

First Affirmative Financial Network LLC

George Gay is a CFP® professional with 26 years of experience, currently serving at First Affirmative Financial Network LLC since 1999. He holds Series 63 and Series 65 licenses. Outside of his advisory role, he prepares a small number of tax and sales tax returns and provides bookkeeping services for two small businesses. First Affirmative Financial Network serves individuals, trusts, estates, nonprofit organizations, and retirement plans through a nationwide adviser network. The firm focuses on values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and stewardship practices.

ESG / Sustainable investing Private / alternative investments
user avatar

Renee M

Series 63, Series 66

Layfette, CO

First Affirmative Financial Network LLC

Renee Morgan is a financial advisor with First Affirmative Financial Network LLC and holds Series 63 and Series 66 licenses. She has 25 years of industry experience, including prior roles at Adasina Social Capital, Better World Investments, and National Planning Corporation. First Affirmative Financial Network serves individuals, trusts, estates, nonprofit organizations, and retirement plans through a nationwide network of advisors. The firm focuses on values-aligned and faith-based investing, combining ESG analysis with traditional asset allocation and offers a range of portfolio management and consulting services.

ESG / Sustainable investing Private / alternative investments
user avatar

Kimberly T

CFP®, Series 65

Colorado Springs, CO

First Affirmative Financial Network LLC

Kimberly Terry is a CFP® and holds a Series 65 license with 10 years of industry experience. She is currently with Transformative Wealth Management, LLC and previously worked at First Affirmative Financial Network and Archvest Wealth Advisors. Kimberly is based in Colorado Springs, CO. First Affirmative Financial Network serves individuals, trusts, estates, nonprofits, and retirement plans through a nationwide network of advisors. The firm focuses on values-aligned and faith-based investing, integrating ESG analysis with traditional asset allocation and offering proprietary and third-party model portfolios.

ESG / Sustainable investing Private / alternative investments
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