F
First Midwest Investments
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$3,000,000
Clients
9
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
9
Very LowAverage account size
$333,333
About
The firm manages roughly $10 million for a small client base and provides investment advisory services to individuals, high‑net‑worth clients, pension and profit‑sharing plans, and business entities. Its offerings include portfolio management for individual accounts and a range of retirement plan services for plan sponsors, including 401(k) plan advising, participant education, and plan search support.
The firm applies fundamental analysis to construct portfolios composed mainly of mutual funds, exchange‑traded funds and individual stocks, and it offers both discretionary and non‑discretionary management arrangements. The brochure indicates the majority of assets are managed on a non‑discretionary basis, with regular weekly portfolio reviews and quarterly client meetings.
Noteworthy for a firm of this size is the depth of its ERISA‑related work: it provides 3(21) non‑discretionary fiduciary services, assists with written Investment Policy Statements, QDIA selection, benchmarking via third‑party providers, participant advice, and fiduciary liability insurance review. The brochure also discloses an unrelated brokerage activity—introducing bank loan participants—that the firm states is not promoted to its advisory clients, reflecting a limited outside affiliation.
Client services
Portfolio management
Pension consulting
Expertise
Retirement plans for business owners (SEP, solo 401k)
Retirement income strategy
Wealth management
Fee options
$0 - $1,000,000: 1.00% annually $1,000,000.01 - $2,000,000: 0.50% annually $2,000,000.01+: Negotiable
Account minimum: $25,000
Main office location
First Midwest Investments
Winona MN, United States
Number of offices
1
Most active in
First Midwest Investments 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 not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Not sure where to start?
We'll help you think it through – whether you ultimately need an advisor or not.
Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.
By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. ("Warmer")