# MWA Asset Management

> MWA Asset Management is an SEC-registered investment advisory firm in Danvers, MA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 3, 2026.

- CRD: 142912
- Filed as: MWA ASSET MANAGEMENT
- Legal name: Morton Wealth Advisors
- Also doing business as: MWA ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Danvers, MA
- Filing period: October 2026
- Form ADV filing dated: March 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/142912
- AdvisorCensus page: https://advisorcensus.com/firm/mwa-asset-management-danvers-ma-142912

## Quick answers

**How is MWA Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), MWA Asset Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is MWA Asset Management located?**
MWA Asset Management's principal office is in Danvers, MA, according to its Form ADV.

**Is MWA Asset Management registered with the SEC or a state?**
MWA Asset Management is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 142912.

**How much does MWA Asset Management manage?**
MWA Asset Management reports $305,528,265 in regulatory assets under management in its Form ADV filing dated March 3, 2026 (100% discretionary).

**How have MWA Asset Management's assets and staff changed since 2021?**
In the Form ADV data for MWA Asset Management: Regulatory assets under management: $177,387,570 in the October 2021 data and $305,528,265 in the October 2026 data, up 72%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MWA Asset Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (93); individuals (other than high net worth individuals) (87).

**Which custodians does MWA Asset Management use?**
MWA Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC and Interactive Brokers LLC as custodians holding 10% or more of its separately managed account assets.

**Does MWA Asset 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/142912

**Does MWA Asset Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 3, 2026 says: "The minimum account size for opening an account with us is typically $500,000."

**What changed in MWA Asset Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $254,208,364 to $305,528,265 (+20%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Account minimum: $500,000

> The minimum account size for opening an account with us is typically $500,000.

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
- Interactive Brokers 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: $305,528,265
- Discretionary: $305,528,265
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 87 | $34,358,109 |
| High net worth individuals | 93 | $267,891,453 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $3,278,703 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |
| Other | Not reported | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, NH, NJ, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mwa-am.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $177,387,570 | 2 | July 29, 2021 |
| October 2022 | $192,486,282 | 2 | March 30, 2022 |
| October 2023 | $184,570,753 | 2 | September 18, 2023 |
| October 2024 | $231,260,102 | 2 | March 26, 2024 |
| October 2025 | $254,208,364 | 2 | March 25, 2025 |
| October 2026 | $305,528,265 | 2 | March 3, 2026 |

Regulatory assets under management: $177,387,570 in the October 2021 data and $305,528,265 in the October 2026 data, up 72%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $254,208,364 to $305,528,265 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MWA Asset Management (CRD 142912): Form ADV filing data as of October 2026.