# Pecaut Wealth Management

> Pecaut Wealth Management is an SEC-registered investment advisory firm in Sioux City, IA, registered since 1995, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated November 19, 2025.

- CRD: 2997
- Filed as: PECAUT WEALTH MANAGEMENT
- Legal name: Pecaut & Co.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sioux City, IA
- Filing period: October 2026
- Form ADV filing dated: November 19, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/2997
- AdvisorCensus page: https://advisorcensus.com/firm/pecaut-wealth-management-sioux-city-ia-2997

## Quick answers

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

**Where is Pecaut Wealth Management located?**
Pecaut Wealth Management's principal office is in Sioux City, IA, according to its Form ADV; the December 2025 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Pecaut Wealth Management registered with the SEC or a state?**
Pecaut Wealth Management is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 2997.

**How much does Pecaut Wealth Management manage?**
Pecaut Wealth Management reports $381,753,129 in regulatory assets under management in its Form ADV filing dated November 19, 2025 (96% discretionary).

**How have Pecaut Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Pecaut Wealth Management: Regulatory assets under management: $229,972,191 in the October 2021 data and $381,753,129 in the October 2026 data, up 66%. Total employees: 3 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pecaut Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (144); high net worth individuals (75); charitable organizations (10).

**Which custodians does Pecaut Wealth Management use?**
Pecaut Wealth Management'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 Pecaut Wealth 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/2997

**Does Pecaut Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated November 19, 2025 says: "In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."

**What changed in Pecaut Wealth Management's recent Form ADV filings?**
In the December 2025 filing data: Updated its list of owners and control persons (Schedule A).

## 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 November 19, 2025)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> In general, we require a minimum of $500,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.

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.

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: $381,753,129
- Discretionary: $365,036,294
- Non-discretionary: $16,716,835

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 144 | $70,063,708 |
| High net worth individuals | 75 | $296,848,795 |
| Charitable organizations | 10 | $11,077,319 |
| Corporations or other businesses not listed above | 2 | $3,763,307 |

### 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
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 1995 (31 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, IA, IL, MN, NE, NY, OR, SD, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the December 2025 filing
- Lake Oswego, OR

### Websites listed on Form ADV (Item 1.I)
- investsiouxland.com
- pecautandcompany.com
- pecautwealthmanagement.com
- pecautwm.com
- Facebook @PECAUTANDCOMPANY
- LinkedIn @pecautwm

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $229,972,191 | 3 | June 30, 2021 |
| October 2022 | $305,453,625 | 4 | March 1, 2022 |
| October 2023 | $268,773,634 | 4 | November 23, 2022 |
| October 2024 | $306,587,805 | 4 | November 17, 2023 |
| October 2025 | $350,524,544 | 4 | November 14, 2024 |
| October 2026 | $381,753,129 | 6 | November 19, 2025 |

Regulatory assets under management: $229,972,191 in the October 2021 data and $381,753,129 in the October 2026 data, up 66%.
Total employees: 3 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pecaut Wealth Management (CRD 2997): Form ADV filing data as of October 2026.