Affiliated Financial Advisors Inc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Affiliated Financial Advisors, Inc. provides asset management and portfolio management services to individuals, high net worth individuals, trusts, estates, and small business entities. The firm documents client goals, time horizons and risk tolerances and implements investment programs that allow clients to impose restrictions on holdings.
AFA’s investment process uses a mix of analytical methods — including efficient market theory, fundamental, technical and cyclical analysis — and employs both long‑term and short‑term strategies tailored to client objectives. Although the firm offers discretionary services in its agreements, its Form ADV reports essentially all assets ($541.5 million as of 12/31/2025) as non‑discretionary, indicating clients generally retain trading authority in practice.
The firm is distinctive for managing a large number of client accounts with a small advisory team (roughly 898 clients across four advisors), resulting in a high client‑to‑advisor ratio that may affect the level of operational standardization versus individualized trading. AFA also discloses customary third‑party relationships — a recommended custodian, potential soft‑dollar benefits, and limited insurance sales by some representatives for separate compensation — and describes policies to mitigate the related conflicts.
Client services
Expertise
Fee options
0.50% to 1.0% annually (flat fee across entire portfolio, payable quarterly in arrears)
Main office
See office2600 North Mayfair Rd., Suite 200
Milwaukee WI 53226
Advisors at this office
2
Offices (2)
Most active in
Arizona · California · Florida · Illinois · Maryland · Massachusetts · Michigan · Minnesota · New Hampshire · North Carolina · Texas · Wisconsin
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Jason V
CFP®, Series 63, Series 65
Milwaukee, WI
Affiliated Financial Advisors Inc
Jason Voelker is a CFP® certificant with 22 years of experience in the financial advisory industry. He has worked at Affiliated Financial Advisors Inc. since 2002 and was previously with Capital Financial Services, Inc. from 2003 to 2009. Based in Milwaukee, WI, Jason holds Series 63 and Series 65 licenses. Affiliated Financial Advisors, Inc. provides asset and portfolio management services to individuals, high net worth clients, trusts, estates, and small businesses. The firm employs a combination of analytical methods and both long- and short-term strategies tailored to client objectives, with most client assets managed on a non-discretionary basis.
Dawn M
Series 63, Series 65
Milwaukee, WI
Affiliated Financial Advisors Inc
Dawn May is a financial advisor at Affiliated Financial Advisors Inc. in Milwaukee, WI, with 32 years of industry experience. She holds Series 63 and Series 65 licenses and has worked at several firms, including Capital Financial Services, Inc. and Calton & Associates, Inc. Dawn is also licensed to sell fixed insurance products. Affiliated Financial Advisors, Inc. provides non-discretionary investment supervisory services to a diverse client base, including individual, high-net-worth, institutional, and trust accounts. The firm employs a team of four advisors managing approximately $462 million in assets, using fundamental, technical, and cyclical analysis to develop client recommendations.
George S
Series 63, Series 65
Milwaukee, WI
Affiliated Financial Advisors Inc
George Schmidley is a financial advisor with Affiliated Financial Advisors Inc in Milwaukee, WI, holding Series 63 and Series 65 licenses and bringing 25 years of industry experience. He has been with Affiliated Financial Advisors since 1992. Outside of advisory work, he is the owner and president of a tax preparation and insurance business and serves as founder and president of the nonprofit Hope Community Foundation, a 501(c) organization. Affiliated Financial Advisors, Inc. provides non-discretionary investment supervisory services to individual, high-net-worth, institutional, and trust clients. The firm manages approximately $462 million in assets across a four-advisor team, using fundamental, technical, and cyclical analysis to develop recommendations that require client approval before execution.
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