Midwest Financial Strategies
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$39,430,366
Total clients
102
19% high-net worth
Total advisors
1
of 2 employees
Firm size
Supported
1-3 advisors or $200M+ in AUM
Average clients per advisor
102
Average account size
$386,572
About
Midwest Financial Strategies provides portfolio management, financial planning, and retirement plan consulting to individuals (including high‑net‑worth clients), trusts, and employer retirement plans. Services include tailored Investment Policy Statements, ongoing discretionary management, and periodic reporting to support client goals.
The firm constructs individualized portfolios using model allocations and documents risk tolerance and time horizon in each client’s Investment Policy Statement; its methods include charting and technical analysis and a long‑term trading orientation. It frequently delegates implementation to third‑party services through a turnkey asset management program and outsourced trading and billing to align accounts with chosen model portfolios.
A notable distinction is the firm’s affiliation with the insurance industry: advisors are licensed insurance agents who may recommend insurance products on a disclosed commission basis and also offer fee‑based, no‑load annuity management, with contract-imposed limitations on investment options. The firm also requires clients to use a specific custodian and discloses prior regulatory actions involving firm management, items prospective clients typically consider during due diligence.
Client services
Financial planning
Portfolio management
Pension consulting
Selection of other advisers
Fee options
$0 - $500,000: 1.25% $500,001 - $1,000,000: 1.00% $1,000,001+: 0.75%
Between $100 and $400 per hour
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.
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.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Main office location
Midwest Financial Strategies
25 1 St Ave Nw
Watertown SD 57201, United States
Number of offices
1
Forms ADV
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