# FBL Wealth Management, LLC

> FBL Wealth Management, LLC is an SEC-registered investment advisory firm in West des Moines, IA, registered since 2018, reporting under $25 million in regulatory assets under management in its Form ADV filing dated June 22, 2026.

- CRD: 291396
- Filed as: FBL WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West des Moines, IA
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291396
- AdvisorCensus page: https://advisorcensus.com/firm/fbl-wealth-management-llc-west-des-moines-ia-291396

## Quick answers

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

**Where is FBL Wealth Management, LLC located?**
FBL Wealth Management, LLC's principal office is in West des Moines, IA, according to its Form ADV; the July 2026 filing also lists 25 other offices (Schedule D, Section 1.F).

**Is FBL Wealth Management, LLC registered with the SEC or a state?**
FBL Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 291396.

**How much does FBL Wealth Management, LLC manage?**
FBL Wealth Management, LLC reports $9,240,933 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (0% discretionary).

**How have FBL Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for FBL Wealth Management, LLC: 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. Assets under management move with markets as well as with clients coming and going.

**Does FBL 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/291396

**What changed in FBL Wealth Management, LLC's recent Form ADV filings?**
In the July 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
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Regulatory assets under management (Item 5.F)
- Total: $9,240,933
- Discretionary: $0
- Non-discretionary: $9,240,933

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $9,240,933 |
| Other | Not reported | $0 |

### 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
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2018 (8 years)
- Employees: 207 total, 170 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CO, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Alma, NE
- Artesia, NM
- Blair, NE
- Bonners Ferry, ID
- Buffalo, WY
- Cheyenne, WY
- Cozad, NE
- Curtis, NE
- Donnellson, IA
- Eldon, IA
- Elkhorn, NE
- Fairfield, IA
- Farmington, IA
- George, IA
- Hayden, ID
- Holdrege, NE
- Ida Grove, IA
- Keosauqua, IA
- Lemars, IA
- Rawlins, WY
- Rock Rapids, IA
- Sandpoint, ID
- Saratoga, WY
- Storm Lake, IA
- Tekamah, NE

### Websites listed on Form ADV (Item 1.I)
- beafarmbureauagent.com
- fbfs.com
- greenfieldslife.com
- Facebook @FarmBureauFinancialServices
- Instagram @fbfscareers
- LinkedIn @farm-bureau-financial-services

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,019,067 | 154 | September 23, 2021 |
| October 2022 | $12,683,325 | 175 | March 30, 2022 |
| October 2023 | $10,869,431 | 169 | July 12, 2023 |
| October 2024 | $8,630,006 | 168 | July 15, 2024 |
| October 2025 | $8,654,949 | 177 | March 27, 2025 |
| October 2026 | $9,240,933 | 207 | June 22, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### 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.

### January 2026
- No longer registered or notice-filed in CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FBL Wealth Management, LLC (CRD 291396): Form ADV filing data as of October 2026.