Filbrandt Wealth Management, LLC (Middleton)

Name: Filbrandt Wealth Management, LLC
Address: 8401 Greenway Blvd, Middleton, WI, 53562
Telephone: 608-836-3600

Filbrandt Wealth Management, LLC is a large advisory firm based in Middleton. It manages $795.87 million of regulatory assets for 404 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Georgia, and 14 other states.

Filbrandt Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Filbrandt Wealth Management: assets under management

The assets under management (AUM) of Filbrandt Wealth Management, LLC is $795.87 million. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $781.99 million in discretionary accounts and $13.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.78 million.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in other assets form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Filbrandt Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Filbrandt Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Filbrandt Wealth Management is high net worth individuals with 284 clients and $737.92 million of assets under management. Among the 8 most similar advisory firms, Filbrandt Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $795.87 million for 404 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Filbrandt Wealth Management doesn't advise any private funds.

Careers at Filbrandt Wealth Management, LLC

The company employs 23 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patricia Jean Filbrandt	Chief compliance officer	1 Jan 2018	Other	1197000
Filbrandt Investment Advisers Incorporated	Managing member	1 Jan 2018	75% - 100%	104562
Scott Lyle Kornstedt	Member	1 Jan 2019	Other	4870091
Travis Richard Cliff	Member	1 Jan 2019	Other	4458105
James Matthew Haygood	Member	1 Jan 2019	Other	5947328

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Filbrandt	Vice president	1 May 2010	50% - 75%	207479
Patricia Jean Filbrandt	President, secretary and treasurer	1 May 2010	50% - 75%	1197000

Based in Middleton

The principal office where Filbrandt Wealth Management, LLC performs its advisory services is located at 8401 Greenway Blvd, Middleton, WI 53562, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 608-836-3600 or by fax 608-836-7447. The normal business hours are 8:00 am -5:00pm on Monday - Friday. You can find more information about the New York firm at filbrandtco.com.