# Mader & Shannon Wealth Management

> Mader & Shannon Wealth Management is an SEC-registered investment advisory firm in Kansas City, MO, registered since 2007, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 17, 2026.

- CRD: 123741
- Filed as: MADER & SHANNON WEALTH MANAGEMENT
- Legal name: Mader & Shannon Wealth Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Kansas City, MO
- Filing period: October 2026
- Form ADV filing dated: August 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123741
- AdvisorCensus page: https://advisorcensus.com/firm/mader-and-shannon-wealth-management-kansas-city-mo-123741

## Quick answers

**How is Mader & Shannon Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Mader & Shannon Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Mader & Shannon Wealth Management located?**
Mader & Shannon Wealth Management's principal office is in Kansas City, MO, according to its Form ADV.

**Is Mader & Shannon Wealth Management registered with the SEC or a state?**
Mader & Shannon Wealth Management is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 123741.

**How much does Mader & Shannon Wealth Management manage?**
Mader & Shannon Wealth Management reports $269,447,301 in regulatory assets under management in its Form ADV filing dated August 17, 2026 (100% discretionary).

**How have Mader & Shannon Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Mader & Shannon Wealth Management: Regulatory assets under management: $203,223,541 in the October 2021 data and $269,447,301 in the October 2026 data, up 33%. Total employees: 11 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mader & Shannon Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (255); high net worth individuals (84); pension and profit sharing plans (but not the plan participants or government pension plans) (16).

**Which custodians does Mader & Shannon Wealth Management use?**
Mader & Shannon Wealth Management'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 Mader & Shannon 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/123741

**What changed in Mader & Shannon Wealth Management's recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in CA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### 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: $269,447,301
- Discretionary: $269,447,301
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 255 | $61,721,292 |
| High net worth individuals | 84 | $180,040,446 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 16 | $16,158,868 |
| Charitable organizations | Fewer than 5 | $1,131,402 |
| Other investment advisers | 12 | $7,461,639 |
| Corporations or other businesses not listed above | 8 | $2,933,654 |

### 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

### Firm details
- Registered since: 2007 (19 years)
- Employees: 10 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IL, KS, LA, MO, NE, NH, NV, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- madershannon.com
- Facebook @Madershannonwealthmanagement
- Instagram @madershannonwealth
- LinkedIn @mader-&-shannon-wealth-management
- X @MaderShannon
- X @MaderShannonPM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $203,223,541 | 11 | March 16, 2021 |
| October 2022 | $235,566,946 | 11 | March 10, 2022 |
| October 2023 | $214,990,417 | 11 | February 23, 2023 |
| October 2024 | $228,551,448 | 10 | March 8, 2024 |
| October 2025 | $221,292,619 | 10 | February 24, 2025 |
| October 2026 | $269,447,301 | 10 | August 17, 2026 |

Regulatory assets under management: $203,223,541 in the October 2021 data and $269,447,301 in the October 2026 data, up 33%.
Total employees: 11 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in CA.

### March 2026
- Regulatory assets under management went from $221,292,619 to $269,447,301 (+22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mader & Shannon Wealth Management (CRD 123741): Form ADV filing data as of October 2026.