# Northwest Wealth Management, LLC

> Northwest Wealth Management, LLC is an SEC-registered investment advisory firm in Spencer, IA, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 6, 2026.

- CRD: 152816
- Filed as: NORTHWEST WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Spencer, IA
- Filing period: October 2026
- Form ADV filing dated: July 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/152816
- AdvisorCensus page: https://advisorcensus.com/firm/northwest-wealth-management-llc-spencer-ia-152816

## Quick answers

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

**Where is Northwest Wealth Management, LLC located?**
Northwest Wealth Management, LLC's principal office is in Spencer, IA, according to its Form ADV; the August 2026 filing also lists 11 other offices (Schedule D, Section 1.F).

**Is Northwest Wealth Management, LLC registered with the SEC or a state?**
Northwest Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 152816.

**How much does Northwest Wealth Management, LLC manage?**
Northwest Wealth Management, LLC reports $1,031,354,549 in regulatory assets under management in its Form ADV filing dated July 6, 2026 (100% discretionary).

**How have Northwest Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Northwest Wealth Management, LLC: Regulatory assets under management: $535,779,713 in the October 2021 data and $1,031,354,549 in the October 2026 data, up 92%. Total employees: 24 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Northwest Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,862); high net worth individuals (223); charitable organizations (21).

**Which custodians does Northwest Wealth Management, LLC use?**
Northwest Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Northwest Wealth Management, LLC 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/152816

**Does Northwest Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 12, 2026 says: "Although NWM does not have a minimum account size, it may impose a minimum fee for services provided, as discussed earlier in Item 5 – Fees and Compensation."

**What changed in Northwest Wealth Management, LLC's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in WI.

## 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 12, 2026)

- Account minimum: None

> Although NWM does not have a minimum account size, it may impose a minimum fee for services provided, as discussed earlier in Item 5 – Fees and Compensation.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial 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: $1,031,354,549
- Discretionary: $1,031,354,549
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,862 | $349,509,281 |
| High net worth individuals | 223 | $611,214,793 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $2,901,219 |
| Charitable organizations | 21 | $18,994,981 |
| Corporations or other businesses not listed above | 17 | $48,734,275 |

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

### Firm details
- Registered since: 2011 (15 years)
- Employees: 26 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IA, IL, LA, MN, MO, NE, SD, TX, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Ames, IA
- Ankeny, IA
- Arnolds Park, IA
- Fort Dodge, IA
- Le Mars, IA
- Omaha, NE
- Sioux Center, IA
- Sioux City, IA
- Spencer, IA
- Spirit Lake, IA
- West des Moines, IA

### Websites listed on Form ADV (Item 1.I)
- invest-northwest.com
- LinkedIn @16225959

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $535,779,713 | 24 | March 11, 2021 |
| October 2022 | $648,057,382 | 26 | May 10, 2022 |
| October 2023 | $605,383,311 | 25 | August 21, 2023 |
| October 2024 | $717,763,545 | 24 | September 9, 2024 |
| October 2025 | $865,221,987 | 24 | March 5, 2025 |
| October 2026 | $1,031,354,549 | 26 | July 6, 2026 |

Regulatory assets under management: $535,779,713 in the October 2021 data and $1,031,354,549 in the October 2026 data, up 92%.
Total employees: 24 in October 2021 and 26 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in WI.

### April 2026
- Employees performing advisory functions went from 18 to 14.
- Regulatory assets under management went from $865,221,987 to $1,031,354,549 (+19%).
- Registered or notice-filed in VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Northwest Wealth Management, LLC (CRD 152816): Form ADV filing data as of October 2026.