# Model Wealth

> 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.

- CRD: 299798
- Filed as: MODEL WEALTH
- Legal name: Model Wealth , Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wheaton, IL
- Filing period: October 2026
- Form ADV filing dated: May 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/299798
- AdvisorCensus page: https://advisorcensus.com/firm/model-wealth-wheaton-il-299798

## Quick answers

**How is Model Wealth compensated?**
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.

**Where is Model Wealth located?**
Model Wealth's principal office is in Wheaton, IL, according to its Form ADV.

**Is Model Wealth registered with the SEC or a state?**
Model Wealth is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299798.

**How much does Model Wealth manage?**
Model Wealth reports $318,159,850 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary).

**How have Model Wealth's assets and staff changed since 2021?**
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.

**What types of clients does Model Wealth serve?**
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).

**Which custodians does Model Wealth use?**
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.

**Does Model Wealth 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/299798

**What changed in Model Wealth's recent Form ADV filings?**
In the June 2026 filing data: Employees performing advisory functions went from 4 to 5.

## From the Form ADV filing

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

### 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: $318,159,850
- Discretionary: $314,461,062
- Non-discretionary: $3,698,788

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 63 | $19,575,611 |
| High net worth individuals | 94 | $298,583,324 |
| Corporations or other businesses not listed above | 2 | $915 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2019 (7 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- modelwealth.com
- Facebook @modelwealth
- LinkedIn @model-wealth-inc
- YouTube @UCOa0Y_5OXvSnbZvWMLYoWzA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $136,714,715 | 2 | February 25, 2021 |
| October 2022 | $180,747,498 | 3 | March 28, 2022 |
| October 2023 | $162,450,148 | 4 | August 25, 2023 |
| October 2024 | $200,331,800 | 4 | March 19, 2024 |
| October 2025 | $286,110,266 | 4 | May 21, 2025 |
| October 2026 | $318,159,850 | 5 | May 5, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Employees performing advisory functions went from 4 to 5.

### May 2026
- Regulatory assets under management went from $286,110,266 to $318,159,850 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Model Wealth (CRD 299798): Form ADV filing data as of October 2026.