FBL Wealth Management, LLC

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Other

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

The brochure lists different fees for different services or strategies. See the firm's brochure (dated March 31, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$9,240,933 as of October 2026, filing dated June 22, 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

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Portfolio management for businesses (other than small businesses) or institutional clients
• Selection of other advisers (including private fund managers)
• Publication of periodicals or newsletters
• Educational seminars/workshops

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2018 (8 years)

Employees

Total: 207. Performing investment advisory functions: 170.

Wrap fee program participation

Yes.

Other offices (Schedule D, Section 1.F)

25 other offices, as of the July 2026 filing

Alma, NEArtesia, NMBlair, NEBonners Ferry, IDBuffalo, WYCheyenne, WYCozad, NECurtis, NEDonnellson, IAEldon, IAElkhorn, NEFairfield, IAFarmington, IAGeorge, IAHayden, IDHoldrege, NEIda Grove, IAKeosauqua, IALemars, IARawlins, WYRock Rapids, IASandpoint, IDSaratoga, WYStorm Lake, IATekamah, NE

States registered or notice-filed

44 states or jurisdictions

AKALARAZCODCDEFLGAHIIAIDILINKSKYLAMAMDMIMNMOMSMTNCNDNENMNVOHOKORPASCSDTNTXUTVAVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None 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

Regulatory assets under management: $12,019,067 in the October 2021 data and $9,240,933 in the October 2026 data, down 23%.

Total employees: 154 in October 2021 and 207 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. July 2026
   • Updated its list of owners and control persons (Schedule A).
2. April 2026
   • Employees performing advisory functions went from 138 to 170.
   • Added an office in Buffalo, WY.
   • Added an office in Cheyenne, WY.
   • Added an office in Eldon, IA.
   • Added an office in George, IA.
   • Added an office in Rawlins, WY.
   • Added an office in Saratoga, WY.
   • Added an office in Storm Lake, IA.
   • No longer lists an office in Albert City, IA.
   • No longer lists an office in Dexter, NM.
   • No longer lists an office in Gilbert, MN.
   • No longer lists an office in International Falls, MN.
   • No longer lists an office in North Branch, MN.
   • No longer lists an office in Ottumwa, IA.
   • No longer lists an office in Roswell, NM.
3. January 2026
   • No longer registered or notice-filed in CA.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.