Family Wealth Management
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$28,648,060
Total clients
87
43% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
87
Average account size
$329,288
About
Family Wealth Management serves individuals (including high‑net‑worth clients), families, trusts, estates, businesses, charities, and qualified retirement plans. The firm provides discretionary investment management alongside qualified plan consulting and participant‑level services, offering both non‑discretionary and discretionary plan advice and educational meetings.
The firm constructs portfolios using one of fifteen target risk allocations or by placing client assets into one of three in‑house model portfolios, with a strategic asset allocation philosophy that allows tactical adjustments when market conditions warrant. Family Wealth Management cites a mix of technical, fundamental, cyclical, quantitative, and qualitative analysis in its process, monitors accounts at least annually, and may use margin for rebalancing when authorized by a client.
A distinguishing feature is the firm’s emphasis on retirement plan responsibilities: it provides plan‑level consulting (including Investment Policy Statements and performance monitoring) and states it can serve as an ERISA fiduciary under Section 3(21) and/or 3(38) and follow the fiduciary standards for retirement accounts. Those plan consulting capabilities and participant education services are less common among solo independent advisory firms and are documented as negotiated, plan‑administered arrangements in the brochure.
Client services
Portfolio management
Pension consulting
Expertise
Active portfolio management
Tax-loss harvesting
Fee options
Negotiated up to 1.75% annually for investment management services
Main office location
Family Wealth Management
5352 E 280 Th St
Elko MN 55020, United States
Number of offices
1
Most active in
Family Wealth Management has reported serving >5 clients in these states in the last 12 months.
Minnesota
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Forms ADV
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