{
  "crd_number": 147384,
  "slug": "schwarz-dygos-wheeler-investment-advisors-llc-minneapolis-mn-147384",
  "primary_business_name": "SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC",
  "legal_name": "SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC",
  "dbas": [
    "SDW WEALTH ADVISORS"
  ],
  "city": "Minneapolis",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-06-12",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-03-18",
  "carried_forward": false,
  "raum_total": 730354266.0,
  "raum_discretionary": 728819234.0,
  "raum_non_discretionary": 1535032.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 3732366.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 101595987.0,
      "count": 303
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 625025913.0,
      "count": 220
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "IL",
    "MN",
    "OR",
    "TX",
    "WI"
  ],
  "websites": [
    "https://facebook.com/sdwadvisors",
    "https://linkedin.com/company/schwarz-dygos-wheeler-investment-advisors",
    "https://sdwia.com",
    "https://x.com/SDWadvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147384",
  "city_as_filed": "MINNEAPOLIS",
  "url": "https://advisorcensus.com/firm/schwarz-dygos-wheeler-investment-advisors-llc-minneapolis-mn-147384",
  "display_name": "Schwarz Dygos Wheeler Investment Advisors LLC",
  "summary": "Schwarz Dygos Wheeler Investment Advisors LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2008, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 18, 2026.",
  "citation": "AdvisorCensus. Schwarz Dygos Wheeler Investment Advisors LLC (CRD 147384): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Schwarz Dygos Wheeler Investment Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Schwarz Dygos Wheeler Investment Advisors LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Schwarz Dygos Wheeler Investment Advisors LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 18, 2026 states: Flat fee: $1,000 to $10,000 (broad based planning services); Hourly rate: $250 to $500 an hour (specific services (such as a modular plan or hourly consulting services)). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Schwarz Dygos Wheeler Investment Advisors LLC located?",
      "a": "Schwarz Dygos Wheeler Investment Advisors LLC's principal office is in Minneapolis, MN, according to its Form ADV."
    },
    {
      "q": "Is Schwarz Dygos Wheeler Investment Advisors LLC registered with the SEC or a state?",
      "a": "Schwarz Dygos Wheeler Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 147384."
    },
    {
      "q": "How much does Schwarz Dygos Wheeler Investment Advisors LLC manage?",
      "a": "Schwarz Dygos Wheeler Investment Advisors LLC reports $730,354,266 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (100% discretionary)."
    },
    {
      "q": "How have Schwarz Dygos Wheeler Investment Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Schwarz Dygos Wheeler Investment Advisors LLC: Regulatory assets under management: $442,974,109 in the October 2021 data and $730,354,266 in the October 2026 data, up 65%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Schwarz Dygos Wheeler Investment Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (303); high net worth individuals (220); charitable organizations (2)."
    },
    {
      "q": "Which custodians does Schwarz Dygos Wheeler Investment Advisors LLC use?",
      "a": "Schwarz Dygos Wheeler Investment Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Distributors Company LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Schwarz Dygos Wheeler Investment Advisors LLC report any disciplinary disclosures?",
      "a": "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/147384"
    },
    {
      "q": "Does Schwarz Dygos Wheeler Investment Advisors LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 18, 2026 says: \"SDW requires a minimum of $200,000 to open and maintain an advisory account. At our sole discretion, we may waive this requirement.\""
    },
    {
      "q": "What changed in Schwarz Dygos Wheeler Investment Advisors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $644,418,641 to $730,354,266 (+13%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 442974109.0,
      "total_employees": 8,
      "filing_date": "2021-03-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 475934777.0,
      "total_employees": 7,
      "filing_date": "2022-06-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 445271662.0,
      "total_employees": 10,
      "filing_date": "2023-03-20"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 552936873.0,
      "total_employees": 9,
      "filing_date": "2024-03-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 644418641.0,
      "total_employees": 7,
      "filing_date": "2025-04-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 730354266.0,
      "total_employees": 7,
      "filing_date": "2026-03-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $644,418,641 to $730,354,266 (+13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 18, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$200,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,000 to $10,000 (broad based planning services)",
      "Hourly rate: $250 to $500 an hour (specific services (such as a modular plan or hourly consulting services))"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $200,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "SDW requires a minimum of $200,000 to open and maintain an advisory account. At our sole discretion, we may waive this requirement."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $10,000 (broad based planning services)"
        ],
        "quotes": [
          "Fixed Fees: SDW will charge a fixed fee that ranges from $1,000.00 to $10,000.00, for broad based planning services."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 to $500 an hour (specific services (such as a modular plan or hourly consulting services))"
        ],
        "quotes": [
          "Hourly Fees: SDW charges an hourly fee ranging from $250 to $500 for clients who request specific services (such as a modular plan or hourly consulting services)"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 200000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 10000.0,
          "period": "one_time",
          "service": "broad based planning services"
        },
        {
          "kind": "hourly",
          "amount": null,
          "min": 250.0,
          "max": 500.0,
          "period": "hour",
          "service": "specific services (such as a modular plan or hourly consulting services)"
        }
      ]
    },
    "quotes": [
      "SDW requires a minimum of $200,000 to open and maintain an advisory account. At our sole discretion, we may waive this requirement.",
      "Fixed Fees: SDW will charge a fixed fee that ranges from $1,000.00 to $10,000.00, for broad based planning services.",
      "Hourly Fees: SDW charges an hourly fee ranging from $250 to $500 for clients who request specific services (such as a modular plan or hourly consulting services)"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/schwarz-dygos-wheeler-investment-advisors-llc-minneapolis-mn-147384.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 303,
      "fewer_than_5": false,
      "raum": 101595987.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 220,
      "fewer_than_5": false,
      "raum": 625025913.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 3732366.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147384",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}