{
  "crd_number": 299798,
  "slug": "model-wealth-wheaton-il-299798",
  "primary_business_name": "MODEL WEALTH",
  "legal_name": "MODEL WEALTH , INC.",
  "dbas": [],
  "city": "Wheaton",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-09-06",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-05-05",
  "carried_forward": false,
  "raum_total": 318159850.0,
  "raum_discretionary": 314461062.0,
  "raum_non_discretionary": 3698788.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 19575611.0,
      "count": 63
    },
    "high_net_worth_individuals": {
      "raum": 298583324.0,
      "count": 94
    },
    "corporations_other_businesses": {
      "raum": 915.0,
      "count": 2,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO",
    "FL",
    "IL"
  ],
  "websites": [
    "https://facebook.com/pg/modelwealth/events",
    "https://linkedin.com/company/model-wealth-inc/about",
    "https://modelwealth.com",
    "https://youtube.com/channel/UCOa0Y_5OXvSnbZvWMLYoWzA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/299798",
  "city_as_filed": "WHEATON",
  "url": "https://advisorcensus.com/firm/model-wealth-wheaton-il-299798",
  "display_name": "Model Wealth",
  "summary": "Model Wealth is an SEC-registered investment advisory firm in Wheaton, IL, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 5, 2026.",
  "citation": "AdvisorCensus. Model Wealth (CRD 299798): 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"
  ],
  "quick_answers": [
    {
      "q": "How is Model Wealth compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Model Wealth 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 Model Wealth located?",
      "a": "Model Wealth's principal office is in Wheaton, IL, according to its Form ADV."
    },
    {
      "q": "Is Model Wealth registered with the SEC or a state?",
      "a": "Model Wealth is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299798."
    },
    {
      "q": "How much does Model Wealth manage?",
      "a": "Model Wealth reports $318,159,850 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary)."
    },
    {
      "q": "How have Model Wealth's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Model Wealth: Regulatory assets under management: $136,714,715 in the October 2021 data and $318,159,850 in the October 2026 data, up 133%. Total employees: 2 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Model Wealth serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (94); individuals (other than high net worth individuals) (63); corporations or other businesses not listed above (2)."
    },
    {
      "q": "Which custodians does Model Wealth use?",
      "a": "Model Wealth'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."
    },
    {
      "q": "Does Model Wealth 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/299798"
    },
    {
      "q": "What changed in Model Wealth's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Employees performing advisory functions went from 4 to 5."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 136714715.0,
      "total_employees": 2,
      "filing_date": "2021-02-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 180747498.0,
      "total_employees": 3,
      "filing_date": "2022-03-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 162450148.0,
      "total_employees": 4,
      "filing_date": "2023-08-25"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 200331800.0,
      "total_employees": 4,
      "filing_date": "2024-03-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 286110266.0,
      "total_employees": 4,
      "filing_date": "2025-05-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 318159850.0,
      "total_employees": 5,
      "filing_date": "2026-05-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Regulatory assets under management went from $286,110,266 to $318,159,850 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/model-wealth-wheaton-il-299798.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 63,
      "fewer_than_5": false,
      "raum": 19575611.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 94,
      "fewer_than_5": false,
      "raum": 298583324.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 915.0
    }
  ],
  "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/299798",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}