# IPI Wealth Management, Inc.

> IPI Wealth Management, Inc. is an SEC-registered investment advisory firm in Decatur, IL, registered since 1999, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 111872
- Filed as: IPI WEALTH MANAGEMENT, INC.
- Legal name: Koshinski Asset Management, Inc.-DBA IPI Asset Management, Inc.
- Also doing business as: IPI WEALTH  MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Decatur, IL
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111872
- AdvisorCensus page: https://advisorcensus.com/firm/ipi-wealth-management-inc-decatur-il-111872

## Quick answers

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

**Where is IPI Wealth Management, Inc. located?**
IPI Wealth Management, Inc.'s principal office is in Decatur, IL, according to its Form ADV; the April 2026 filing also lists 14 other offices (Schedule D, Section 1.F).

**Is IPI Wealth Management, Inc. registered with the SEC or a state?**
IPI Wealth Management, Inc. is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 111872.

**How much does IPI Wealth Management, Inc. manage?**
IPI Wealth Management, Inc. reports $2,655,482,859 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (93% discretionary).

**How have IPI Wealth Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for IPI Wealth Management, Inc.: Regulatory assets under management: $1,209,798,610 in the October 2021 data and $2,655,482,859 in the October 2026 data, up 119%. Total employees: 78 in October 2021 and 67 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does IPI Wealth Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (12,703); high net worth individuals (435); pension and profit sharing plans (but not the plan participants or government pension plans) (51).

**Which custodians does IPI Wealth Management, Inc. use?**
IPI Wealth Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does IPI Wealth Management, Inc. 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/111872

**What changed in IPI Wealth Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 71 to 65. Regulatory assets under management went from $2,248,994,441 to $2,655,482,859 (+18%). Changed its office addresses in Dubuque, IA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $2,655,482,859
- Discretionary: $2,473,435,636
- Non-discretionary: $182,047,223

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 12,703 | $1,615,493,101 |
| High net worth individuals | 435 | $926,937,069 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 51 | $42,484,262 |
| Charitable organizations | 28 | $2,339,382 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 43 | $68,229,045 |

### 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)
- Educational seminars/workshops

### Firm details
- Registered since: 1999 (26 years)
- Employees: 67 total, 65 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bloomington, IL
- Brentwood, TN
- Burlington, IA
- Dubuque, IA
- Fortville, IN
- Greensburg, IN
- Macomb, IL
- Mt Zion, IL
- Neenah, WI
- Quincy, IL
- San Juan, PR
- Shelbyville, IL
- Spirit Lake, IA
- Yankton, SD

### Websites listed on Form ADV (Item 1.I)
- bwbins.com
- chrishammann.com
- emberwoodcapital.com
- hartwealthmgmt.com
- ipistrategies.com
- ipiwm.com
- jmkwealthadvisors.com
- mastheadadvisors.com
- mig-az.com
- myipiwealth.com
- phasefinancialllc.com
- randylaneinvestmentadvisor.com
- snedekerandmurphy.com
- timetoretire.com
- yockeyfinancial.com
- LinkedIn @IPIWealthManagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,209,798,610 | 78 | March 19, 2021 |
| October 2022 | $1,883,812,694 | 82 | March 24, 2022 |
| October 2023 | $1,776,787,196 | 81 | July 3, 2023 |
| October 2024 | $2,147,470,454 | 78 | April 8, 2024 |
| October 2025 | $2,248,994,441 | 73 | June 9, 2025 |
| October 2026 | $2,655,482,859 | 67 | March 20, 2026 |

Regulatory assets under management: $1,209,798,610 in the October 2021 data and $2,655,482,859 in the October 2026 data, up 119%.
Total employees: 78 in October 2021 and 67 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 71 to 65.
- Regulatory assets under management went from $2,248,994,441 to $2,655,482,859 (+18%).
- Changed its office addresses in Dubuque, IA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. IPI Wealth Management, Inc. (CRD 111872): Form ADV filing data as of October 2026.