SourcingSourcing

ADAPTATION FINANCIAL ADVISORS INC.

B62
CRD 309192·SEC 801-118982·OKLAHOMA CITY, OK
AUM
$233.6M
$100M-$500M
Est. Revenue
$2.3M
@ 1% on AUM
Est. EBITDA
$701K
@ 30% margin
Est. Deal Value
$5.6M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
ADAPTATION FINANCIAL ADVISORS INC.
CRD
309192
SEC file #
801-118982
EIN
—
DBA names
—

Economics

AUM
$233.6M
AUM band
$100M-$500M
AUM trajectory
'21'26
$110.2M → $233.6M▲ +112%
Client mix
Individuals Other637
Individuals High Net Worth53

Operations

Employees (total)
4
Advisory staff (per ADV)
4
Advisory staff (5-yr trend)
'21'26
2 advisors → 4 advisors▲ +100%
Primary office
OKLAHOMA CITY OK
Branches
—

Custodian & Brokerage

Primary custodian
Charles Schwablow confidence
Services offered
Financial planningPortfolio mgmt — individualsPension consultingSelection of other advisers
Fee basis
% of AUMHourly chargesFixed fees

Filings

Latest ADV filing
03/23/2026
ADV-W filed at
—
Website
adaptfa.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
APN ADAPTATION FINANCIAL HOLDINGS,
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
5
Control Persons
APN ADAPTATION FINANCIAL HOLDINGS,
KROST, MICHAEL, DAVID
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
ADAPTFA.COM
Rdap Domain Creation Date
2020-08-25T17:40:30Z
Rdap Firm Age Years
6
Rdap Firm Age Band
5-10y
Rdap Registrar
GoDaddy.com, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Registered
No

Local market & wealth

Rank targets by how wealthy the local market is

Soi High Wealth Score
0.0534
Soi Zip Pct 200k Plus
0.013
Soi Zip Returns 200k Plus
110
Soi Zip Total AGI
396,372
Fdic Zip Total Deposits
3,387,596,000
Fdic Zip Branch Count
145
Fdic Zip Top Banks
First Enterprise Bank
Fidelity Bank, National Association

Compliance & brand

Firm Registration Status
active

All other collected signals (23)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
4
Bc Firm Active IA Count
4
Bc Firm IAR Count
4
Custodian Candidates
Full
Charles Schwab6
Fidelity4
E*trade4
Fdic Zip Branches Raw
First Enterprise BankOklahoma City, OK
First Enterprise BankOklahoma City, OK
Fdic Zip HHI
2723.83
Fdic Zip Top Bank Share Pct
44.69
Fdic Zip Year
2025
Firm Has Custody
No
Mailing Office Differs
No
Rdap Domain Expiration Date
2027-08-25T17:40:30Z
Rdap Domain Last Changed
2025-08-26T14:03:12Z
Rdap Nameservers
Ns23.domaincontrol.comNs24.domaincontrol.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Delete ProhibitedClient Renew ProhibitedClient Transfer ProhibitedClient Update Prohibited
Soi Year
2022
Soi Zip Distribution
Stub 1
AGI44,870
Returns3,390
Stub 2
AGI106,178
Returns2,930
Stub 3
AGI72,883
Returns1,210
Soi Zip Total Business Income
10,667
Soi Zip Total Cap Gains
7,426
Soi Zip Total Dividends
4,953
Soi Zip Total Returns
8,430
Trust Company Affiliate
No

People (6)

6
MICHAEL DAVID KROST
Direct Owner · 17.5%
842591
NIEMANN, ALAN, PHILIP
IAR · Executive Officer · 2.5%
1244350
Niemann, Avery, Gweb
Executive Officer · 2.5%
7296391
Shanon M McCune
IAR
7201451
Ashton Riley Niemann
IAR
7609475
JOHNNY L BERRY
IAR
6751224