# Yes Wealth Management

> Yes Wealth Management is an SEC-registered investment advisory firm in Mahtomedi, MN, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 5, 2026.

- CRD: 172591
- Filed as: YES WEALTH MANAGEMENT
- Legal name: S Capital Wealth Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mahtomedi, MN
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/172591
- AdvisorCensus page: https://advisorcensus.com/firm/yes-wealth-management-mahtomedi-mn-172591

## Quick answers

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

**Where is Yes Wealth Management located?**
Yes Wealth Management's principal office is in Mahtomedi, MN, according to its Form ADV.

**Is Yes Wealth Management registered with the SEC or a state?**
Yes Wealth Management is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 172591.

**How much does Yes Wealth Management manage?**
Yes Wealth Management reports $127,466,765 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (100% discretionary).

**How have Yes Wealth Management's assets and staff changed since 2023?**
In the Form ADV data for Yes Wealth Management: Regulatory assets under management: $105,759,296 in the October 2023 data and $127,466,765 in the October 2026 data, up 21%. Total employees: 8 in October 2023 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Yes Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (64); high net worth individuals (36).

**Which custodians does Yes Wealth Management use?**
Yes Wealth Management'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 Yes Wealth Management 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/172591

**Does Yes Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated August 5, 2026 says: "Yes Wealth Management does not require a minimum size to establish a relationship."

**What changed in Yes Wealth Management's recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in NE.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated August 5, 2026)

- Account minimum: None

> Yes Wealth Management does not require a minimum size to establish a relationship.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $127,466,765
- Discretionary: $127,466,765
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 64 | $22,635,968 |
| High net worth individuals | 36 | $104,830,797 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, LA, MI, MN, NE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- yeswealth.com
- LinkedIn @yes-wealth-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $105,759,296 | 8 | August 24, 2023 |
| October 2024 | $113,408,123 | 7 | July 8, 2024 |
| October 2025 | $116,756,848 | 7 | July 24, 2025 |
| October 2026 | $127,466,765 | 7 | August 5, 2026 |

Regulatory assets under management: $105,759,296 in the October 2023 data and $127,466,765 in the October 2026 data, up 21%.
Total employees: 8 in October 2023 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in NE.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Yes Wealth Management (CRD 172591): Form ADV filing data as of October 2026.