# Focus Partners Wealth, LLC

> Focus Partners Wealth, LLC is an SEC-registered investment advisory firm in St. Louis, MO, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.

- CRD: 159289
- Filed as: FOCUS PARTNERS WEALTH, LLC
- Also doing business as: CHURCHILL MANAGEMENT GROUP, D. K. BREDE INVESTMENT MANAGEMENT COMPANY, A FOCUS PARTNERS WEALTH COMPANY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Louis, MO
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159289
- AdvisorCensus page: https://advisorcensus.com/firm/focus-partners-wealth-llc-st-louis-mo-159289

## Quick answers

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

**Where is Focus Partners Wealth, LLC located?**
Focus Partners Wealth, LLC's principal office is in St. Louis, MO, according to its Form ADV; the October 2026 filing also lists 25 other offices (Schedule D, Section 1.F).

**Is Focus Partners Wealth, LLC registered with the SEC or a state?**
Focus Partners Wealth, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 159289.

**How much does Focus Partners Wealth, LLC manage?**
Focus Partners Wealth, LLC reports $181,862,000,000 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (82% discretionary).

**How have Focus Partners Wealth, LLC's assets and staff changed since 2021?**
In the Form ADV data for Focus Partners Wealth, LLC: Regulatory assets under management: $13,054,044,702 in the October 2021 data and $181,862,000,000 in the October 2026 data, up 1293%. Total employees: 250 in October 2021 and 1,915 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Focus Partners Wealth, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (30,825); high net worth individuals (30,177); pension and profit sharing plans (but not the plan participants or government pension plans) (535).

**Which custodians does Focus Partners Wealth, LLC use?**
Focus Partners Wealth, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Focus Partners Wealth, LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159289

**What changed in Focus Partners Wealth, LLC's recent Form ADV filings?**
In the October 2026 filing data: Changed its office addresses in Atlanta, GA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- 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: $181,862,000,000
- Discretionary: $148,238,000,000
- Non-discretionary: $33,624,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 30,825 | $13,521,000,000 |
| High net worth individuals | 30,177 | $142,518,000,000 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | 4 | $1,535,000,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $2,971,000,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 535 | $9,308,000,000 |
| Charitable organizations | 388 | $4,457,000,000 |
| State or municipal government entities (including government pension plans) | 42 | $3,614,000,000 |
| Other investment advisers | 12 | $699,000,000 |
| Insurance companies | 2 | $8,000,000 |
| Corporations or other businesses not listed above | 456 | $3,231,000,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2011 (14 years)
- Employees: 1,915 total, 1,025 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159289

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Albany, NY
- Atlanta, GA
- Bellevue, WA
- Bethesda, MD
- Boca Raton, FL
- Boston, MA
- Calabasas, CA
- Chicago, IL
- Deerfield, IL
- Greenwood Village, CO
- Hingham, MA
- Indianapoilis, IN
- Menlo Park, CA
- Nashville, TN
- Needom, MA
- New York, NY
- Pittsburg, PA
- Portland, OR
- San Diego, CA
- Santa Monica, CA
- Seattle, WA
- Southfield, MI
- Tuscon, AZ
- West Hartford, CT
- Westport, CT

### Websites listed on Form ADV (Item 1.I)
- alfrankfunds.com
- bredeinvestment.com
- churchillmanagement.cssi.org
- debrabrede.com/book
- familybudgetexpert.com
- focusfinancialpartners.com
- focuspartners.com
- fortpittcapitalfunds.com
- greatretirementdebate.com
- investing.focuspartners.com
- kevinngrogan.com
- kovitzetf.com
- regdocs.blugiant.com/al-frank
- vimeo.com/churchillmanagement
- wealth.focuspartners.com
- wealth.focuspartners.com/focus-partners-retirement-solutions
- Facebook @churchillmanagement
- Facebook @debrakbrede
- Instagram @focuspartnerswealth
- LinkedIn @2064318
- LinkedIn @debra-brede-author-founder-d-k-brede-investment-management-company
- LinkedIn @focuspartners.wealth
- LinkedIn @debrakbrede
- X @focusfinancial
- X @FocusPartnersW
- YouTube @UCzyV9aezMHb9U9z4Pg4FtQg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,054,044,702 | 250 | August 22, 2021 |
| October 2022 | $18,638,723,308 | 320 | July 20, 2022 |
| October 2023 | $18,829,970,023 | 360 | September 29, 2023 |
| October 2024 | $21,472,648,180 | 1,315 | September 13, 2024 |
| October 2025 | $95,889,888,426 | 1,535 | July 11, 2025 |
| October 2026 | $181,862,000,000 | 1,915 | September 29, 2026 |

Regulatory assets under management: $13,054,044,702 in the October 2021 data and $181,862,000,000 in the October 2026 data, up 1293%.
Total employees: 250 in October 2021 and 1,915 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Changed its office addresses in Atlanta, GA.

### March 2026
- Regulatory assets under management went from $95,889,888,426 to $181,862,000,000 (+90%).
- Employees performing advisory functions went from 1090 to 1025.
- Changed its office addresses in Bethesda, MD.
- Changed its office addresses in Chicago, IL.
- Changed its office addresses in Deerfield, IL.
- Added an office in Bellevue, WA.
- Added an office in Greenwood Village, CO.
- Added an office in Needom, MA.
- Added an office in Pittsburg, PA.
- Added an office in Santa Monica, CA.
- Added an office in Seattle, WA.
- Added an office in Southfield, MI.
- Added an office in Tuscon, AZ.
- No longer lists an office in Hunt Valley, MD.
- No longer lists an office in Kansas City, MO.
- No longer lists an office in Lincoln, NE.
- No longer lists an office in Los Angeles, CA.
- No longer lists an office in North Andover, MA.
- No longer lists an office in Palo Alto, CA.
- No longer lists an office in Wellesley, MA.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 1050 to 1090.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Focus Partners Wealth, LLC (CRD 159289): Form ADV filing data as of October 2026.