# Annex Wealth Management, LLC

> Annex Wealth Management, LLC is an SEC-registered investment advisory firm in Brookfield, WI, registered since 2004, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 17, 2026.

- CRD: 127987
- Filed as: ANNEX WEALTH MANAGEMENT, LLC
- Legal name: Annex Advisory Services, LLC
- Also doing business as: ANNEX IGNITE, ANNEX WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Brookfield, WI
- Filing period: October 2026
- Form ADV filing dated: April 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/127987
- AdvisorCensus page: https://advisorcensus.com/firm/annex-wealth-management-llc-brookfield-wi-127987

## Quick answers

**How is Annex Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Annex Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Annex Wealth Management, LLC charge?**
Its Form ADV Part 2A brochure dated April 17, 2026 states: Hourly rate: $200 an hour (Consulting Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Annex Wealth Management, LLC located?**
Annex Wealth Management, LLC's principal office is in Brookfield, WI, according to its Form ADV; the May 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Annex Wealth Management, LLC registered with the SEC or a state?**
Annex Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 127987.

**How much does Annex Wealth Management, LLC manage?**
Annex Wealth Management, LLC reports $8,050,023,961 in regulatory assets under management in its Form ADV filing dated April 17, 2026 (97% discretionary).

**How have Annex Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Annex Wealth Management, LLC: Regulatory assets under management: $3,785,319,552 in the October 2021 data and $8,050,023,961 in the October 2026 data, up 113%. Total employees: 88 in October 2021 and 151 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Annex Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,819); high net worth individuals (2,891); pension and profit sharing plans (but not the plan participants or government pension plans) (85).

**Which custodians does Annex Wealth Management, LLC use?**
Annex Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Annex Wealth Management, LLC 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/127987

**What changed in Annex Wealth Management, LLC's recent Form ADV filings?**
In the May 2026 filing data: Registered or notice-filed in AR, WY. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 17, 2026)

- Hourly rate: $200 an hour (Consulting Services)

> For instance, a Client may have contracted for 4 hours’ worth of work at a rate of $200/hour and paid the entire fee in advance.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

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

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: $8,050,023,961
- Discretionary: $7,810,537,680
- Non-discretionary: $239,486,281

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,819 | $2,246,453,438 |
| High net worth individuals | 2,891 | $5,249,961,496 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 85 | $540,502,522 |
| Charitable organizations | 7 | $10,870,638 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $127,481 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $2,108,386 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2004 (22 years)
- Employees: 151 total, 74 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, FL, GA, IA, IL, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, NE, NH, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Appleton, WI
- Delafield, WI
- Libertyville, IL
- Madison, WI
- Mequon, WI
- Milwaukee, WI
- Naples, FL
- Whitefish Bay, WI

### Websites listed on Form ADV (Item 1.I)
- annexadvisors.com
- annexcharitablefoundation.org
- annexignite.com
- annexwealth.com
- annexwealth.wistia.com
- wealthmetric.com
- wealthmetric.net
- Facebook @ANNEXWEALTHMANAGEMENT
- Instagram @annex.wealth
- Instagram @annexwealthmanagement
- LinkedIn @ANNEX-WEALTH-MANAGEMENT
- YouTube @ANNEXWEALTHMANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,785,319,552 | 88 | March 31, 2021 |
| October 2022 | $4,595,179,081 | 97 | July 29, 2022 |
| October 2023 | $4,833,150,360 | 114 | August 18, 2023 |
| October 2024 | $5,583,981,406 | 139 | July 29, 2024 |
| October 2025 | $6,945,737,689 | 144 | July 3, 2025 |
| October 2026 | $8,050,023,961 | 151 | April 17, 2026 |

Regulatory assets under management: $3,785,319,552 in the October 2021 data and $8,050,023,961 in the October 2026 data, up 113%.
Total employees: 88 in October 2021 and 151 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Registered or notice-filed in AR, WY.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Employees performing advisory functions went from 66 to 74.
- Registered or notice-filed in AK.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $6,945,737,689 to $7,948,829,848 (+14%).
- Added an office in Whitefish Bay, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Annex Wealth Management, LLC (CRD 127987): Form ADV filing data as of October 2026.