{
  "crd_number": 310466,
  "slug": "lsb-wealth-management-ankeny-ia-310466",
  "primary_business_name": "LSB WEALTH MANAGEMENT",
  "legal_name": "LSB CAPITAL MANAGEMENT, INC.",
  "dbas": [
    "LSB WEALTH MANAGEMENT"
  ],
  "city": "Ankeny",
  "state": "IA",
  "country": "United States",
  "cbsa_code": "19780",
  "metro": {
    "cbsa_code": "19780",
    "common_name": "Des Moines",
    "msa_name": "Des Moines-West Des Moines, IA",
    "path": "/advisors/ia/des-moines"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-04-25",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-08-11",
  "carried_forward": false,
  "raum_total": 228767526.0,
  "raum_discretionary": 228767526.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 11,
  "advisory_employees": 11,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 37764323.0,
      "count": 226
    },
    "banking_thrift": {
      "raum": 112339823.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 78663380.0,
      "count": 157
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IA",
    "TX"
  ],
  "websites": [
    "https://mylsbcapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310466",
  "city_as_filed": "ANKENY",
  "url": "https://advisorcensus.com/firm/lsb-wealth-management-ankeny-ia-310466",
  "display_name": "LSB Wealth Management",
  "summary": "LSB Wealth Management is an SEC-registered investment advisory firm in Ankeny, IA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 11, 2026.",
  "citation": "AdvisorCensus. LSB Wealth Management (CRD 310466): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is LSB Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), LSB Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "How much does LSB Wealth Management charge?",
      "a": "Its Form ADV Part 2A brochure dated August 11, 2026 states: Hourly rate: $250 an hour (selected financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is LSB Wealth Management located?",
      "a": "LSB Wealth Management's principal office is in Ankeny, IA, according to its Form ADV; the September 2026 filing also lists 6 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is LSB Wealth Management registered with the SEC or a state?",
      "a": "LSB Wealth Management is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 310466."
    },
    {
      "q": "How much does LSB Wealth Management manage?",
      "a": "LSB Wealth Management reports $228,767,526 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (100% discretionary)."
    },
    {
      "q": "How have LSB Wealth Management's assets and staff changed since 2022?",
      "a": "In the Form ADV data for LSB Wealth Management: Regulatory assets under management: $181,678,486 in the October 2022 data and $228,767,526 in the October 2026 data, up 26%. Total employees: 15 in October 2022 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does LSB Wealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (226); high net worth individuals (157)."
    },
    {
      "q": "Which custodians does LSB Wealth Management use?",
      "a": "LSB Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fifth Third Securities, Inc. and LPL Financial LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does LSB Wealth Management report any disciplinary disclosures?",
      "a": "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/310466"
    },
    {
      "q": "What changed in LSB Wealth Management's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 181678486.0,
      "total_employees": 15,
      "filing_date": "2022-05-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 225366588.0,
      "total_employees": 15,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 231767237.0,
      "total_employees": 12,
      "filing_date": "2024-09-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 173002714.0,
      "total_employees": 10,
      "filing_date": "2025-07-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 228767526.0,
      "total_employees": 11,
      "filing_date": "2026-08-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 11.",
        "Regulatory assets under management went from $173,002,714 to $228,767,526 (+32%).",
        "Added an office in West des Moines, IA.",
        "Registered or notice-filed in TX.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in FL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 11, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$1,000",
    "planning_fees": [
      "Hourly rate: $250 an hour (selected financial planning services)"
    ],
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $1,000"
        ],
        "quotes": [
          "Minimum Account fee is $1,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 an hour (selected financial planning services)"
        ],
        "quotes": [
          "Hourly rates range up to $250 per hour and lesser amounts for paraprofessionals and administrative associates, depending on the person performing the work."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 1000.0,
      "planning": [
        {
          "kind": "hourly",
          "amount": 250.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "selected financial planning services"
        }
      ]
    },
    "quotes": [
      "Minimum Account fee is $1,000.",
      "Hourly rates range up to $250 per hour and lesser amounts for paraprofessionals and administrative associates, depending on the person performing the work."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fifth Third Securities, Inc.",
      "name_as_filed": "FIFTH THIRD SECURITIES, INC.",
      "affiliated": false
    },
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/lsb-wealth-management-ankeny-ia-310466.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 226,
      "fewer_than_5": false,
      "raum": 37764323.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 157,
      "fewer_than_5": false,
      "raum": 78663380.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 112339823.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310466",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}