{ "crd_number": 324997, "slug": "midland-wealth-management-effingham-il-324997", "primary_business_name": "MIDLAND WEALTH MANAGEMENT", "legal_name": "MIDLAND WEALTH ADVISORS, LLC", "dbas": [ "MIDLAND WEALTH MANAGEMENT" ], "city": "Effingham", "state": "IL", "country": "United States", "cbsa_code": "20820", "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-08-16", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-04-29", "carried_forward": false, "raum_total": 3160007607.0, "raum_discretionary": 3158026372.0, "raum_non_discretionary": 1981235.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 32, "advisory_employees": 19, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "individuals": { "raum": 27634157.0, "count": 119 }, "banking_thrift": { "raum": 3101907075.0, "count": null, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 29930002.0, "count": 19 }, "corporations_other_businesses": { "raum": 536373.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL", "MO", "NY", "TX" ], "websites": [ "https://linkedin.com/company/midland-wealth-management/mycompany", "https://midlandsb.com/personal/wealth", "https://midlandsb.com/wealth-management" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324997", "city_as_filed": "EFFINGHAM", "url": "https://advisorcensus.com/firm/midland-wealth-management-effingham-il-324997", "display_name": "Midland Wealth Management", "summary": "Midland Wealth Management is an SEC-registered investment advisory firm in Effingham, IL, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.", "citation": "AdvisorCensus. Midland Wealth Management (CRD 324997): 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)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Midland Wealth Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Midland Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Midland Wealth Management located?", "a": "Midland Wealth Management's principal office is in Effingham, IL, according to its Form ADV; the May 2026 filing also lists 9 other offices (Schedule D, Section 1.F)." }, { "q": "Is Midland Wealth Management registered with the SEC or a state?", "a": "Midland Wealth Management is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324997." }, { "q": "How much does Midland Wealth Management manage?", "a": "Midland Wealth Management reports $3,160,007,607 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary)." }, { "q": "How have Midland Wealth Management's assets and staff changed since 2023?", "a": "In the Form ADV data for Midland Wealth Management: Regulatory assets under management: $2,503,374,858 in the October 2023 data and $3,160,007,607 in the October 2026 data, up 26%. Total employees: 4 in October 2023 and 32 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Midland Wealth Management serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (119); high net worth individuals (19)." }, { "q": "Which custodians does Midland Wealth Management use?", "a": "Midland Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Midland 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/324997" }, { "q": "What changed in Midland Wealth Management's recent Form ADV filings?", "a": "In the April 2026 filing data: Added an office in St Louis, MO. Added an office in St. Louis, MO. Added an office in Tarrytown, NY. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 2503374858.0, "total_employees": 4, "filing_date": "2023-08-02" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2534150689.0, "total_employees": 18, "filing_date": "2024-07-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2931513136.0, "total_employees": 28, "filing_date": "2025-07-11" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3160007607.0, "total_employees": 32, "filing_date": "2026-04-29" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Added an office in St Louis, MO.", "Added an office in St. Louis, MO.", "Added an office in Tarrytown, NY.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES 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/midland-wealth-management-effingham-il-324997.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 119, "fewer_than_5": false, "raum": 27634157.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 19, "fewer_than_5": false, "raum": 29930002.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": null, "fewer_than_5": true, "raum": 3101907075.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 536373.0 } ], "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/324997", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }