Midland Wealth Management
Assets Under Management
$2.9B
Number of Clients
138
Number of Advisors
20
Average Client AUM
$21.2M
AUM per Advisor
$146.6M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
MWM offers customized wealth management solutions, including discretionary investment management and related advisory services. They take a holistic approach, combining financial planning with investment management. The firm utilizes various investment vehicles, including mutual funds, ETFs, individual stocks and bonds, and alternative investments. MWM also provides financial planning services on an hourly or fixed-fee basis.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.60% |
| $5M+ | 0.50% |
Minimum fee of $1,000. Fees for fixed income strategy are reduced by 50%.
Fee Estimator
Investment management fees are based on a tiered fee schedule, calculated monthly based on the market value of assets under management. The firm imposes a minimum fee of $1,000. Fees for fixed income strategies are reduced by 50% from the standard fee schedule. Financial planning services are offered on an hourly basis ($125-$300 per hour) or a fixed engagement fee, negotiable based on the complexity of services and the overall relationship.
Areas of Practice
Location
1201 Network Centre Drive, Effingham, IL, 62401