AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Twele Capital Management, Inc.
Twele Capital Management, Inc. is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated January 6, 2026.
Quick answers
From the filingHow is Twele Capital Management, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Twele Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges.
Where is Twele Capital Management, Inc. located?
Twele Capital Management, Inc.'s principal office is in Minnetonka, MN, according to its Form ADV.
Is Twele Capital Management, Inc. registered with the SEC or a state?
Twele Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 130239.
How much does Twele Capital Management, Inc. manage?
Twele Capital Management, Inc. reports $578,455,059 in regulatory assets under management in its Form ADV filing dated January 6, 2026 (100% discretionary).
How have Twele Capital Management, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Twele Capital Management, Inc.: Regulatory assets under management: $580,954,883 in the October 2021 data and $578,455,059 in the October 2026 data, unchanged. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Twele Capital Management, Inc. serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (37); individuals (other than high net worth individuals) (30).
Which custodians does Twele Capital Management, Inc. use?
Twele Capital Management, Inc.'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 Twele Capital Management, Inc. 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/130239
Does Twele Capital Management, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated January 6, 2026 says: "Generally, a minimum of $500,000 of assets under management is required for this service. This account size is negotiable."
What changed in Twele Capital Management, Inc.'s recent Form ADV filings?
In the February 2026 filing data: Regulatory assets under management went from $484,354,195 to $578,455,059 (+19%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $500,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Generally, a minimum of $500,000 of assets under management is required for this service. This account size is negotiable.
As stated in the firm's Form ADV Part 2A brochure dated January 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$578,455,059 as of October 2026, filing dated January 6, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
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
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2007 (19 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $578,455,059 | 4 | January 6, 2026 |
| October 2025 | $484,354,195 | 4 | January 24, 2025 |
| October 2024 | $636,528,502 | 4 | September 30, 2024 |
| October 2023 | $624,711,832 | 5 | February 9, 2023 |
| October 2022 | $810,904,079 | 5 | July 25, 2022 |
| October 2021 | $580,954,883 | 6 | March 11, 2021 |
Regulatory assets under management: $580,954,883 in the October 2021 data and $578,455,059 in the October 2026 data, unchanged.
Total employees: 6 in October 2021 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- February 2026
- Regulatory assets under management went from $484,354,195 to $578,455,059 (+19%).
- January 2026
- No longer registered or notice-filed in MO.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Twele Capital Management, Inc. (CRD 130239): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/twele-capital-management-inc-minnetonka-mn-130239