# Underdog Wealth Management, LLC

> Underdog Wealth Management, LLC is an SEC-registered investment advisory firm in Maple Grove, MN, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 152998
- Filed as: UNDERDOG WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Maple Grove, MN
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/152998
- AdvisorCensus page: https://advisorcensus.com/firm/underdog-wealth-management-llc-maple-grove-mn-152998

## Quick answers

**How is Underdog Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Underdog Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; other.

**Where is Underdog Wealth Management, LLC located?**
Underdog Wealth Management, LLC's principal office is in Maple Grove, MN, according to its Form ADV.

**Is Underdog Wealth Management, LLC registered with the SEC or a state?**
Underdog Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 152998.

**How much does Underdog Wealth Management, LLC manage?**
Underdog Wealth Management, LLC reports $111,880,222 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (0% discretionary).

**What types of clients does Underdog Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (349); high net worth individuals (53); pension and profit sharing plans (but not the plan participants or government pension plans) (6).

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

**Does Underdog Wealth Management, 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/152998

**What changed in Underdog Wealth Management, LLC's recent Form ADV filings?**
In the August 2026 filing data: Newly registered with the SEC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Other

### Custodians (Schedule D, Section 5.K(3))
- Altruist 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: $111,880,222
- Discretionary: $0
- Non-discretionary: $111,880,222

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 349 | $51,060,422 |
| High net worth individuals | 53 | $54,464,743 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $6,355,057 |

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

### Firm details
- Registered since: 2026 (0 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lakeminnetonkafinancial.com
- underdogwealthmanagement.com
- Facebook @sbrown1103
- LinkedIn @anthonybrinda
- LinkedIn @scott-brown-04354b159

## Changes in the filing (last 12 months)

### August 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Underdog Wealth Management, LLC (CRD 152998): Form ADV filing data as of October 2026.