AdvisorCensus / Financial advisors / Michigan / Traverse City / Black Walnut Wealth Management
Black Walnut Wealth Management
Filed as BLACK WALNUT WEALTH MANAGEMENT · Legal name Black Walnut Wealth Management, LLC
Black Walnut Wealth Management is an SEC-registered investment advisory firm in Traverse City, MI, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 14, 2026.
Quick answers
From the filingHow is Black Walnut Wealth Management compensated?
On its Form ADV (Item 5.E, October 2026), Black Walnut Wealth Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Black Walnut Wealth Management's brochure say about its fees?
Its Form ADV Part 2A brochure dated May 14, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Black Walnut Wealth Management located?
Black Walnut Wealth Management's principal office is in Traverse City, MI, according to its Form ADV.
Is Black Walnut Wealth Management registered with the SEC or a state?
Black Walnut Wealth Management is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 337606.
How much does Black Walnut Wealth Management manage?
Black Walnut Wealth Management reports $136,776,561 in regulatory assets under management in its Form ADV filing dated May 14, 2026 (100% discretionary).
What types of clients does Black Walnut Wealth Management serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (46); high net worth individuals (40).
Which custodians does Black Walnut Wealth Management use?
Black Walnut Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Black Walnut Wealth Management 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/337606
What changed in Black Walnut Wealth Management's recent Form ADV filings?
In the January 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: up to 2% of assets a year (the maximum the brochure states)
The brochure's wording
The standard fee paid as a percentage of managed assets will not exceed the safe harbor maximum of 2.00%.
Minimum annual fee: $7,500
The brochure's wording
BWWM requires a minimum annual fee of $7,500, although we reserve the right to make exceptions at our discretion.
As stated in the firm's Form ADV Part 2A brochure dated May 14, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$136,776,561 as of October 2026, filing dated May 14, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters
Registration and firm details
Items 1, 2, 5- Legal name
- Black Walnut Wealth Management, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 2. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Changes in the filing
Last 12 months- January 2026
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Newly registered with the SEC.
- November 2025
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Black Walnut Wealth Management (CRD 337606): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/black-walnut-wealth-management-traverse-city-mi-337606