# Proper Wealth

> Proper Wealth is an SEC-registered investment advisory firm in Tallahassee, FL, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 28, 2026.

- CRD: 336499
- Filed as: PROPER WEALTH
- Legal name: PW Advisors, LLC
- Also doing business as: PROPER WEALTH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tallahassee, FL
- Filing period: October 2026
- Form ADV filing dated: July 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/336499
- AdvisorCensus page: https://advisorcensus.com/firm/proper-wealth-tallahassee-fl-336499

## Quick answers

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

**How much does Proper Wealth charge?**
Its Form ADV Part 2A brochure dated July 28, 2026 states: Asset-based fee: 0.5% to 1.6% a year (a range, as the brochure states it); Flat fee: $500 to $50,000 (financial planning and consulting engagements). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Proper Wealth located?**
Proper Wealth's principal office is in Tallahassee, FL, according to its Form ADV.

**Is Proper Wealth registered with the SEC or a state?**
Proper Wealth is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 336499.

**How much does Proper Wealth manage?**
Proper Wealth reports $131,822,610 in regulatory assets under management in its Form ADV filing dated July 28, 2026 (100% discretionary).

**How have Proper Wealth's assets and staff changed since 2025?**
In the Form ADV data for Proper Wealth: Regulatory assets under management: $0 in the October 2025 data and $131,822,610 in the October 2026 data. Total employees: 7 in October 2025 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Proper Wealth serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (261); high net worth individuals (224); charitable organizations (11).

**Which custodians does Proper Wealth use?**
Proper Wealth's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Proper Wealth 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/336499

**What changed in Proper Wealth's recent Form ADV filings?**
In the August 2026 filing data: Employees performing advisory functions went from 3 to 4.

## 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 July 28, 2026)

- Asset-based fee: 0.5% to 1.6% a year (a range, as the brochure states it)

> Investment management fees are charged an annual rate ranging from 0.50% to 1.60% based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.

- Flat fee: $500 to $50,000 (financial planning and consulting engagements)

> Proper Wealth offers financial planning services through a fixed project-based engagement. Fixed fees range up to $500 to $50,000 for financial planning and consulting engagements.

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

### Custodians (Schedule D, Section 5.K(3))
- LPL Financial 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: $131,822,610
- Discretionary: $131,822,610
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 261 | $25,655,176 |
| High net worth individuals | 224 | $101,413,541 |
| Charitable organizations | 11 | $2,898,931 |
| Corporations or other businesses not listed above | Fewer than 5 | $1,854,962 |

### 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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, GA, NC, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- pwadvisors.com
- Facebook @properwealth
- LinkedIn @properwealth
- X @Proper_Wealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $0 | 7 | July 15, 2025 |
| October 2026 | $131,822,610 | 7 | July 28, 2026 |

Regulatory assets under management: $0 in the October 2025 data and $131,822,610 in the October 2026 data.
Total employees: 7 in October 2025 and 7 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Employees performing advisory functions went from 3 to 4.

### December 2025
- Regulatory assets under management went from $0 to $131,250,000.
- Employees performing advisory functions went from 4 to 3.
- Registered or notice-filed in GA, NC, TN, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Proper Wealth (CRD 336499): Form ADV filing data as of October 2026.