# Adaptive Wealth Engineering

> Adaptive Wealth Engineering is an SEC-registered investment advisory firm in Las Vegas, NV, registered since 1994, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 29, 2026.

- CRD: 111243
- Filed as: ADAPTIVE WEALTH ENGINEERING
- Legal name: Summit Portfolio Management LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Las Vegas, NV
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111243
- AdvisorCensus page: https://advisorcensus.com/firm/adaptive-wealth-engineering-las-vegas-nv-111243

## Quick answers

**How is Adaptive Wealth Engineering compensated?**
On its Form ADV (Item 5.E, October 2026), Adaptive Wealth Engineering reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Adaptive Wealth Engineering located?**
Adaptive Wealth Engineering's principal office is in Las Vegas, NV, according to its Form ADV.

**Is Adaptive Wealth Engineering registered with the SEC or a state?**
Adaptive Wealth Engineering is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 111243.

**How much does Adaptive Wealth Engineering manage?**
Adaptive Wealth Engineering reports $213,976,612 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (96% discretionary).

**How have Adaptive Wealth Engineering's assets and staff changed since 2021?**
In the Form ADV data for Adaptive Wealth Engineering: Regulatory assets under management: $123,318,681 in the October 2021 data and $213,976,612 in the October 2026 data, up 74%. Total employees: 2 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Adaptive Wealth Engineering serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (57); high net worth individuals (56).

**Which custodians does Adaptive Wealth Engineering use?**
Adaptive Wealth Engineering's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Adaptive Wealth Engineering report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111243

**What changed in Adaptive Wealth Engineering's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $169,696,643 to $213,976,612 (+26%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $213,976,612
- Discretionary: $204,413,827
- Non-discretionary: $9,562,785

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 57 | $17,172,653 |
| High net worth individuals | 56 | $196,803,959 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1994 (32 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, NV, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- aweadvisors.com
- Facebook @Adaptive-Wealth-Engineering
- LinkedIn @aweadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $123,318,681 | 2 | July 7, 2021 |
| October 2022 | $137,453,441 | 3 | March 30, 2022 |
| October 2023 | $147,838,377 | 4 | March 29, 2023 |
| October 2024 | $168,992,344 | 4 | March 21, 2024 |
| October 2025 | $169,696,643 | 4 | March 20, 2025 |
| October 2026 | $213,976,612 | 5 | September 29, 2026 |

Regulatory assets under management: $123,318,681 in the October 2021 data and $213,976,612 in the October 2026 data, up 74%.
Total employees: 2 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $169,696,643 to $213,976,612 (+26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Adaptive Wealth Engineering (CRD 111243): Form ADV filing data as of October 2026.