Midwest Investment and Retirement Management, Inc.

The firm provides discretionary portfolio management primarily for individual investors and trusts, and states a preference for households with at least $100,000 in investable assets; it will also provide advice on retirement accounts held elsewhere for an additional charge. Services are limited to publicly traded securities — stocks, bonds, CDs, mutual funds and ETFs — and fees are charged as a percentage of assets under management.

As a fee-only adviser, the firm describes a long-term, diversified approach that typically maintains balanced stock-and-bond allocations with a cash position and a tilt toward U.S. companies, while tailoring portfolios to each client’s risk tolerance and accepting written restrictions on certain industries or securities. The firm also helps clients develop personal “life plans,” provides educational aids and occasional seminars, and offers informal assistance with 401(k) accounts that clients hold elsewhere (these outside accounts are not continuously managed).

What is distinctive for a firm of this size is its regulatory history: it disclosed a consent agreement tied to a missed state survey that included a civil penalty and documented responses to state inquiries about custody practices related to standing letters of authorization and fee deductions; the firm reports it provided required documentation and regulators subsequently found compliance. Other notable features include a small advisory team serving about 108 client relationships with roughly $34.8 million in reported AUM, a policy of not accepting commissions or referral payments, and an encouragement to use recommended custodians (Charles Schwab and Nationwide), with Nationwide accounts subject to an additional monthly custodian fee.