# Black Walnut Wealth Management

> 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.

- CRD: 337606
- Filed as: BLACK WALNUT WEALTH MANAGEMENT
- Legal name: Black Walnut Wealth Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Traverse City, MI
- Filing period: October 2026
- Form ADV filing dated: May 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/337606
- AdvisorCensus page: https://advisorcensus.com/firm/black-walnut-wealth-management-traverse-city-mi-337606

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated May 14, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> 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

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage 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: $136,776,561
- Discretionary: $136,776,561
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 46 | $19,096,782 |
| High net worth individuals | 40 | $117,372,918 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $306,861 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2025 (1 year)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- blackwalnutwm.com
- Facebook @blackwalnutwm
- LinkedIn @blackwalnutwm

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Black Walnut Wealth Management (CRD 337606): Form ADV filing data as of October 2026.