{ "crd_number": 327281, "slug": "midwest-financial-strategies-watertown-sd-327281", "primary_business_name": "MIDWEST FINANCIAL STRATEGIES", "legal_name": "MIDWEST FINANCIAL STRATEGIES LLC", "dbas": [], "city": "Watertown", "state": "SD", "country": "United States", "cbsa_code": "47980", "metro": null, "registration_type": "state", "registration_status": "APPROVED", "registration_date": "2023-06-23", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-01-23", "carried_forward": false, "raum_total": 39430366.0, "raum_discretionary": 39430366.0, "raum_non_discretionary": 0.0, "raum_band": "25m_100m", "raum_band_label": "$25 million to $100 million", "total_employees": 2, "advisory_employees": 1, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 20969431.0, "count": 83 }, "high_net_worth_individuals": { "raum": 18460935.0, "count": 19 } }, "compensation_types": [ "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 4, "states_registered": [ "MN", "SD" ], "websites": [ "https://midwestfinancialstrategies.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327281", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.E(1)", "question": "Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.E(4)", "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?" } ], "city_as_filed": "WATERTOWN", "url": "https://advisorcensus.com/firm/midwest-financial-strategies-watertown-sd-327281", "display_name": "Midwest Financial Strategies", "summary": "Midwest Financial Strategies is a state-registered investment advisory firm in Watertown, SD, registered since 2023, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 23, 2026.", "citation": "AdvisorCensus. Midwest Financial Strategies (CRD 327281): Form ADV filing data as of October 2026.", "registration_type_label": "State-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges" ], "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 Midwest Financial Strategies compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Midwest Financial Strategies reports these compensation arrangements: a percentage of assets under its management; hourly charges." }, { "q": "Where is Midwest Financial Strategies located?", "a": "Midwest Financial Strategies' principal office is in Watertown, SD, according to its Form ADV." }, { "q": "Is Midwest Financial Strategies registered with the SEC or a state?", "a": "Midwest Financial Strategies is a state-registered investment advisory firm, registered since 2023. Status as filed: APPROVED. CRD 327281." }, { "q": "How much does Midwest Financial Strategies manage?", "a": "Midwest Financial Strategies reports $39,430,366 in regulatory assets under management in its Form ADV filing dated January 23, 2026 (100% discretionary)." }, { "q": "What types of clients does Midwest Financial Strategies serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (83); high net worth individuals (19)." }, { "q": "Does Midwest Financial Strategies report any disciplinary disclosures?", "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.E(1) (self-regulatory organization's finding of a false statement or omission), 11.E(2) (self-regulatory organization's finding of a rule violation), and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/327281" } ], "filing_history": [], "recent_changes": [], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/midwest-financial-strategies-watertown-sd-327281.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 83, "fewer_than_5": false, "raum": 20969431.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 19, "fewer_than_5": false, "raum": 18460935.0 } ], "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.", "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/327281", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }