# Baker Tilly Wealth Management, LLC

> Baker Tilly Wealth Management, LLC is an SEC-registered investment advisory firm in Madison, WI, registered since 2020, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 28, 2026.

- CRD: 167811
- Filed as: BAKER TILLY WEALTH MANAGEMENT, LLC
- Also doing business as: BAKER TILLY, BAKER TILLY INVESTMENT SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Madison, WI
- Filing period: October 2026
- Form ADV filing dated: August 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/167811
- AdvisorCensus page: https://advisorcensus.com/firm/baker-tilly-wealth-management-llc-madison-wi-167811

## Quick answers

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

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

**Is Baker Tilly Wealth Management, LLC registered with the SEC or a state?**
Baker Tilly Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 167811.

**How much does Baker Tilly Wealth Management, LLC manage?**
Baker Tilly Wealth Management, LLC reports $5,189,412,490 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (55% discretionary).

**How have Baker Tilly Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Baker Tilly Wealth Management, LLC: Regulatory assets under management: $2,415,566,298 in the October 2021 data and $5,189,412,490 in the October 2026 data, up 115%. Total employees: 35 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Baker Tilly Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (323); high net worth individuals (214); state or municipal government entities (including government pension plans) (113).

**Which custodians does Baker Tilly Wealth Management, LLC use?**
Baker Tilly Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Argent Institutional Trust, BNY Mellon, Charles Schwab & Co., Inc., U.S. Bancorp Investments, Inc. and UMB Bank as custodians holding 10% or more of its separately managed account assets.

**Does Baker Tilly 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/167811

**What changed in Baker Tilly Wealth Management, LLC's recent Form ADV filings?**
In the September 2026 filing data: Regulatory assets under management went from $4,601,242,128 to $5,189,412,490 (+13%). Added an office in Houston, TX. Added an office in Southfield, MI. No longer lists an office in Frisco, TX. No longer lists an office in Spring, TX. 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)

### Custodians (Schedule D, Section 5.K(3))
- Argent Institutional Trust
- BNY Mellon
- Charles Schwab & Co., Inc.
- U.S. Bancorp Investments, Inc.
- UMB Bank

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: $5,189,412,490
- Discretionary: $2,856,164,691
- Non-discretionary: $2,333,247,799

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 323 | $323,907,397 |
| High net worth individuals | 214 | $996,216,689 |
| 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) | 97 | $561,041,611 |
| Charitable organizations | 1 | $171,865 |
| State or municipal government entities (including government pension plans) | 113 | $3,292,588,454 |
| 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 | 5 | $15,486,474 |

### 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)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2020 (6 years)
- Employees: 31 total, 21 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, GA, IL, IN, LA, MA, MD, ME, MI, MN, MT, NC, NH, NJ, NY, OH, PA, TN, TX, UT, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Houston, TX
- Indianapolis, IN
- Milwaukee, WI
- Nashville, TN
- Scottsdale, AZ
- Southfield, MI
- Tempe, AZ
- Tewksbury, MA

### Websites listed on Form ADV (Item 1.I)
- bakertilly.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,415,566,298 | 35 | August 30, 2021 |
| October 2022 | $3,911,868,384 | 45 | September 19, 2022 |
| October 2023 | $4,800,233,228 | 37 | August 29, 2023 |
| October 2024 | $4,408,957,456 | 27 | June 28, 2024 |
| October 2025 | $4,601,242,128 | 28 | July 25, 2025 |
| October 2026 | $5,189,412,490 | 31 | August 28, 2026 |

Regulatory assets under management: $2,415,566,298 in the October 2021 data and $5,189,412,490 in the October 2026 data, up 115%.
Total employees: 35 in October 2021 and 31 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Regulatory assets under management went from $4,601,242,128 to $5,189,412,490 (+13%).
- Added an office in Houston, TX.
- Added an office in Southfield, MI.
- No longer lists an office in Frisco, TX.
- No longer lists an office in Spring, TX.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Registered or notice-filed in NC.

### December 2025
- Employees performing advisory functions went from 15 to 21.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Baker Tilly Wealth Management, LLC (CRD 167811): Form ADV filing data as of October 2026.