# Open Wealth Network

> Open Wealth Network is a state-registered investment advisory firm, registered since 2019, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 5, 2026.

- CRD: 298943
- Filed as: OPEN WEALTH NETWORK
- Legal name: M3L Business Development LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Pennsylvania
- Filing period: October 2026
- Form ADV filing dated: March 5, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/298943
- AdvisorCensus page: https://advisorcensus.com/firm/open-wealth-network-298943

## Quick answers

**How is Open Wealth Network compensated?**
On its Form ADV (Item 5.E, October 2026), Open Wealth Network 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.

**Is Open Wealth Network registered with the SEC or a state?**
Open Wealth Network is a state-registered investment advisory firm, registered since 2019. Status as filed: APPROVED. CRD 298943.

**How much does Open Wealth Network manage?**
Open Wealth Network reports $51,342,698 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (94% discretionary).

**What types of clients does Open Wealth Network serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (50); high net worth individuals (27).

**Does Open Wealth Network report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/298943

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $51,342,698
- Discretionary: $48,126,891
- Non-discretionary: $3,215,807

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 50 | $14,271,092 |
| High net worth individuals | 27 | $37,071,606 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- business.tricountyareachamber.com/list/member/open-wealth-network-pottstown-34511
- feeonlynetwork.com/financial-advisor/michael-henzes
- openwealthnetwork.com
- Facebook @openwealthnetwork
- LinkedIn @finplanningspecialist

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Open Wealth Network (CRD 298943): Form ADV filing data as of October 2026.