# LSB Wealth Management

> 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.

- CRD: 310466
- Filed as: LSB WEALTH MANAGEMENT
- Legal name: LSB Capital Management, Inc.
- Also doing business as: LSB WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ankeny, IA
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310466
- AdvisorCensus page: https://advisorcensus.com/firm/lsb-wealth-management-ankeny-ia-310466

## Quick answers

**How is LSB Wealth Management compensated?**
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.

**How much does LSB Wealth Management charge?**
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.

**Where is LSB Wealth Management located?**
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).

**Is LSB Wealth Management registered with the SEC or a state?**
LSB Wealth Management is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 310466.

**How much does LSB Wealth Management manage?**
LSB Wealth Management reports $228,767,526 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (100% discretionary).

**How have LSB Wealth Management's assets and staff changed since 2022?**
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.

**What types of clients does LSB Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (226); high net worth individuals (157).

**Which custodians does LSB Wealth Management use?**
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.

**Does LSB Wealth Management 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/310466

**What changed in LSB Wealth Management's recent Form ADV filings?**
In the May 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

### Fees and minimums (Form ADV Part 2A brochure dated August 11, 2026)

- Minimum annual fee: $1,000

> Minimum Account fee is $1,000.

- Hourly rate: $250 an hour (selected financial planning services)

> Hourly rates range up to $250 per hour and lesser amounts for paraprofessionals and administrative associates, depending on the person performing the work.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fifth Third Securities, Inc.
- LPL Financial 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: $228,767,526
- Discretionary: $228,767,526
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 226 | $37,764,323 |
| High net worth individuals | 157 | $78,663,380 |
| Banking or thrift institutions | Fewer than 5 | $112,339,823 |

### 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
- Other

### Firm details
- Registered since: 2022 (4 years)
- Employees: 11 total, 11 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: IA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Cedar Falls, IA
- Clive, IA
- Des Moines, IA
- Reinbeck, IA
- Waterloo, IA
- West des Moines, IA

### Websites listed on Form ADV (Item 1.I)
- mylsbcapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $181,678,486 | 15 | May 31, 2022 |
| October 2023 | $225,366,588 | 15 | March 29, 2023 |
| October 2024 | $231,767,237 | 12 | September 4, 2024 |
| October 2025 | $173,002,714 | 10 | July 30, 2025 |
| October 2026 | $228,767,526 | 11 | August 11, 2026 |

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.

## Changes in the filing (last 12 months)

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

### April 2026
- 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).

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LSB Wealth Management (CRD 310466): Form ADV filing data as of October 2026.