# Schwarz Dygos Wheeler Investment Advisors LLC

> 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.

- CRD: 147384
- Filed as: SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC
- Also doing business as: SDW WEALTH ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147384
- AdvisorCensus page: https://advisorcensus.com/firm/schwarz-dygos-wheeler-investment-advisors-llc-minneapolis-mn-147384

## Quick answers

**How is Schwarz Dygos Wheeler Investment Advisors LLC compensated?**
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).

**How much does Schwarz Dygos Wheeler Investment Advisors LLC charge?**
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.

**Where is Schwarz Dygos Wheeler Investment Advisors LLC located?**
Schwarz Dygos Wheeler Investment Advisors LLC's principal office is in Minneapolis, MN, according to its Form ADV.

**Is Schwarz Dygos Wheeler Investment Advisors LLC registered with the SEC or a state?**
Schwarz Dygos Wheeler Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 147384.

**How much does Schwarz Dygos Wheeler Investment Advisors LLC manage?**
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).

**How have Schwarz Dygos Wheeler Investment Advisors LLC's assets and staff changed since 2021?**
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.

**What types of clients does Schwarz Dygos Wheeler Investment Advisors LLC serve?**
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).

**Which custodians does Schwarz Dygos Wheeler Investment Advisors LLC use?**
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.

**Does Schwarz Dygos Wheeler Investment Advisors LLC 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/147384

**Does Schwarz Dygos Wheeler Investment Advisors LLC state an account minimum?**
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."

**What changed in Schwarz Dygos Wheeler Investment Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $644,418,641 to $730,354,266 (+13%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 18, 2026)

- Account minimum: $200,000 (the brochure says it may be waived or negotiated)

> SDW requires a minimum of $200,000 to open and maintain an advisory account. At our sole discretion, we may waive this requirement.

- Flat fee: $1,000 to $10,000 (broad based planning services)

> Fixed Fees: SDW will charge a fixed fee that ranges from $1,000.00 to $10,000.00, for broad based planning services.

- Hourly rate: $250 to $500 an hour (specific services (such as a modular plan or hourly consulting 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)

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company 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: $730,354,266
- Discretionary: $728,819,234
- Non-discretionary: $1,535,032

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 303 | $101,595,987 |
| High net worth individuals | 220 | $625,025,913 |
| Banking or thrift institutions | 0 | $0 |
| 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) | 0 | $0 |
| Charitable organizations | 2 | $3,732,366 |
| 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
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2008 (18 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IL, MN, OR, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [sdwia.com](https://sdwia.com)
- Facebook @sdwadvisors
- LinkedIn @schwarz-dygos-wheeler-investment-advisors
- X @SDWadvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $442,974,109 | 8 | March 17, 2021 |
| October 2022 | $475,934,777 | 7 | June 30, 2022 |
| October 2023 | $445,271,662 | 10 | March 20, 2023 |
| October 2024 | $552,936,873 | 9 | March 25, 2024 |
| October 2025 | $644,418,641 | 7 | April 17, 2025 |
| October 2026 | $730,354,266 | 7 | March 18, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $644,418,641 to $730,354,266 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Schwarz Dygos Wheeler Investment Advisors LLC (CRD 147384): Form ADV filing data as of October 2026.