# Midland Wealth Management

> 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.

- CRD: 324997
- Filed as: MIDLAND WEALTH MANAGEMENT
- Legal name: Midland Wealth Advisors, LLC
- Also doing business as: MIDLAND WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Effingham, IL
- Filing period: October 2026
- Form ADV filing dated: April 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/324997
- AdvisorCensus page: https://advisorcensus.com/firm/midland-wealth-management-effingham-il-324997

## Quick answers

**How is Midland Wealth Management compensated?**
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).

**How much does Midland Wealth Management charge?**
Its Form ADV Part 2A brochure dated April 29, 2026 states: Hourly rate: $125 to $300 an hour (Financial Planning Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

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

**Is Midland Wealth Management registered with the SEC or a state?**
Midland Wealth Management is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324997.

**How much does Midland Wealth Management manage?**
Midland Wealth Management reports $3,160,007,607 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary).

**How have Midland Wealth Management's assets and staff changed since 2023?**
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.

**What types of clients does Midland Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (119); high net worth individuals (19).

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

**Does Midland 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/324997

**What changed in Midland Wealth Management's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 29, 2026)

- Hourly rate: $125 to $300 an hour (Financial Planning Services)

> MWM offers financial planning services either on an hourly basis or a fixed engagement fee. Hourly fees range from $125 to $300 per hour.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services 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: $3,160,007,607
- Discretionary: $3,158,026,372
- Non-discretionary: $1,981,235

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 119 | $27,634,157 |
| High net worth individuals | 19 | $29,930,002 |
| Banking or thrift institutions | Fewer than 5 | $3,101,907,075 |
| Corporations or other businesses not listed above | Fewer than 5 | $536,373 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 32 total, 19 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, MO, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Chicago, IL
- Joilet, IL
- Ladue, MO
- Ofallon, MO
- Rock Hill, MO
- Rockford, IL
- St Louis, MO
- St. Louis, MO
- Tarrytown, NY

### Websites listed on Form ADV (Item 1.I)
- midlandsb.com/personal/wealth
- midlandsb.com/wealth-management
- LinkedIn @midland-wealth-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $2,503,374,858 | 4 | August 2, 2023 |
| October 2024 | $2,534,150,689 | 18 | July 25, 2024 |
| October 2025 | $2,931,513,136 | 28 | July 11, 2025 |
| October 2026 | $3,160,007,607 | 32 | April 29, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Midland Wealth Management (CRD 324997): Form ADV filing data as of October 2026.