# Physician Wealth Solutions

> Physician Wealth Solutions is an SEC-registered investment advisory firm, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 9, 2026.

- CRD: 151570
- Filed as: PHYSICIAN WEALTH SOLUTIONS
- Legal name: Physician Wealth Solutions Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: February 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151570
- AdvisorCensus page: https://advisorcensus.com/firm/physician-wealth-solutions-151570

## Quick answers

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

**Is Physician Wealth Solutions registered with the SEC or a state?**
Physician Wealth Solutions is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 151570.

**How much does Physician Wealth Solutions manage?**
Physician Wealth Solutions reports $298,874,272 in regulatory assets under management in its Form ADV filing dated February 9, 2026 (100% discretionary).

**How have Physician Wealth Solutions' assets and staff changed since 2021?**
In the Form ADV data for Physician Wealth Solutions: Regulatory assets under management: $188,762,361 in the October 2021 data and $298,874,272 in the October 2026 data, up 58%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Physician Wealth Solutions serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (77); individuals (other than high net worth individuals) (30); pension and profit sharing plans (but not the plan participants or government pension plans) (2).

**Which custodians does Physician Wealth Solutions use?**
Physician Wealth Solutions' 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 Physician Wealth Solutions 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/151570

**Does Physician Wealth Solutions state an account minimum?**
Its Form ADV Part 2A brochure dated February 9, 2026 says: "PWS does not impose a minimum asset level for opening or maintaining an advisory account. However, clients are subject to a negotiable minimum annual advisory fee, which is disclosed in the client’s advisory agreement."

**What changed in Physician Wealth Solutions' recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $256,551,873 to $298,874,272 (+16%).

## 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 February 9, 2026)

- Account minimum: None (the brochure says it may be waived or negotiated)

> PWS does not impose a minimum asset level for opening or maintaining an advisory account. However, clients are subject to a negotiable minimum annual advisory fee, which is disclosed in the client’s advisory agreement.

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: $298,874,272
- Discretionary: $298,874,272
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 30 | $10,296,526 |
| High net worth individuals | 77 | $288,577,746 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, IL, MA, MD, NC, NV, PA, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- physicianwealthsolutions.com
- LinkedIn @setu-mazumdar-md-cfp®-544b8417
- X @setumazumdar

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $188,762,361 | 1 | January 22, 2021 |
| October 2022 | $232,324,656 | 1 | January 14, 2022 |
| October 2023 | $201,158,690 | 1 | April 3, 2023 |
| October 2024 | $230,747,309 | 1 | September 25, 2024 |
| October 2025 | $256,551,873 | 1 | February 10, 2025 |
| October 2026 | $298,874,272 | 1 | February 9, 2026 |

Regulatory assets under management: $188,762,361 in the October 2021 data and $298,874,272 in the October 2026 data, up 58%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $256,551,873 to $298,874,272 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Physician Wealth Solutions (CRD 151570): Form ADV filing data as of October 2026.