SEC-registered wealth management firm Broker-dealer affiliated
Northwest Wealth Management, LLC
As of its Form ADV filed July 6, 2026, Northwest Wealth Management, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Spencer, Iowa, reported $1.0 billion in regulatory assets under management across 4,274 accounts, ranking #14 among all wealth firms in Iowa by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 152816
- SEC file number
- 801-72545
- Registered since
- July 5, 2011
- Latest Form ADV filing
- July 6, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 11
Key figures
- Regulatory assets under management
- $1.0 billion
- Discretionary
- $1.0 billion (100.0%)
- Non-discretionary
- $0
- Accounts
- 4,274 (4,274 discretionary)
- Clients
- 2,163, approximate as reported
- Employees
- 26
- Advisory staff
- 14 performing investment advisory functions
- Average account
- $241,309
- Asset growth, 1 year
- 19.2% (from $865.2 million a year earlier)
- Asset growth, 3-year annual rate
- 19.4% (from $605.4 million three years earlier)
- Asset growth, 5-year annual rate
- 14.0% (from $535.8 million five years earlier)
- Client growth, 1 year
- 5.0% (from 2,060)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 3, 2011 | $102.6 million |
| October 1, 2012 | $130.5 million |
| October 1, 2013 | $182.8 million |
| October 1, 2014 | $227.8 million |
| October 1, 2015 | $329.7 million |
| October 3, 2016 | $343.1 million |
| October 2, 2017 | $423.4 million |
| October 1, 2018 | $545.3 million |
| October 1, 2019 | $476.1 million |
| October 1, 2020 | $506.1 million |
| October 4, 2021 | $535.8 million |
| October 3, 2022 | $648.1 million |
| October 5, 2023 | $605.4 million |
| October 1, 2024 | $717.8 million |
| September 2, 2025 | $865.2 million |
| October 2, 2026 | $1.0 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 223 clients | $611.2 million | |
| Individuals (other than high net worth) 1,862 clients | $349.5 million | |
| Corporations or other businesses 17 clients | $48.7 million | |
| Charitable organizations 21 clients | $19.0 million | |
| Pension and profit sharing plans 5 clients | $2.9 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
Financial planning clients (Item 5.H): 1-10.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Banking or thrift institution
Custody (Item 9)
The firm reported custody of client cash or securities, $40.1 million in total.
Investment adviser representatives
- IARs registered with the firm
- 21
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 21
Designations held by the firm's IARs: CFP 7.
1 of the firm's 21 IARs is registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Iowa
| Firm | City | RAUM |
|---|---|---|
| Accel Wealth Management | Waverly | $1.1 billion |
| Legacy Financial Group | Des Moines | $1.0 billion |
| Syverson Strege | West Des Moines | $910.8 million |
| Berthel Fisher & Company Financial Services, Inc. | Cedar Rapids | $906.4 million |
| DMKC Advisory Services, LLC | Des Moines | $902.5 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Northwest Wealth Management, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.invest-northwest.com
- Wealth management firms in Iowa
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.