Madanat Financial Services
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Madanat Financial Services (MFS) provides comprehensive financial planning and portfolio management services for individual clients, including development of net worth and cash flow analyses, retirement and tax planning, and investment recommendations. The firm operates as a fee-based investment adviser and does not act as custodian of client assets.
MFS generally works on a non-discretionary basis, creating an Investment Policy Statement and making recommendations while requiring client authorization before executing trades; it also offers ongoing monitoring and periodic plan reviews. The firm uses a mix of fundamental, technical and cyclical analysis and frequently recommends mutual funds as investment vehicles while coordinating implementation with clients’ chosen custodians and other professional advisors.
Distinctive features include the firm’s scale and operating model: as of December 31, 2025, MFS reported $0 in discretionary assets and $29,671 in non-discretionary assets, indicating a primarily advisory and planning-focused practice rather than discretionary portfolio management common at many peers. The brochure also discloses that, while MFS does not accept securities commissions, it may offer insurance-product advice and receive customary commissions for insurance transactions, a compensation mix that differs from many strictly fee-only planners.
Client services
Expertise
Fee options
$0+: 1% annually (billed quarterly at 0.25%) N/A - N/A: Optional 1.5% annually if client elects higher fee
Fee-only: Financial planning fee of $250 per session; typical financial plan fee ranges between $1,000 and $2,000 based on sessions
Main office
San Luis Obispo CA
Advisors at this office
1
Most active in
California
Also doing business as
David Aron Madanat · Madanat David Aron · Madanat Financial Services
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.
Forms ADV
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