Midwestern Securities Trading Company, LLC

Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, retirement-plan fiduciary (including ERISA 3(38)) services, and a wrap-fee model portfolio program to individual and high‑net‑worth clients. The firm serves a large retail client base—about 10,200 clients supported by 41 advisors—and also offers brokerage and insurance products through its registered representatives.

The firm offers both discretionary model offerings (branded Midwestern Securities Lighthouse Portfolios™ and smaller Beacon Portfolios) and non‑discretionary managed accounts, and it refers certain institutional and retail accounts to third‑party managers on platforms such as Envestnet; an internal Investment Advisory Committee oversees the model portfolios and sets allocation and cash distribution policies. Midwestern relies on a mix of fundamental and technical analysis, third‑party research, and periodic reviews, and it requires client approval for non‑discretionary trades while some programs grant trading discretion to the firm or an outside manager.

Distinctive features disclosed in the brochure include Midwestern’s dual registration as an investment adviser and a broker‑dealer with commission activity and affiliated insurance-agent relationships, a relatively high client load per advisor (more than 200 clients per IAR), and the firm’s documented use of testimonials and endorsements in its marketing. The brochure also describes a bank deposit sweep program administered with NFS — noting that Midwestern and the custodian receive compensation and determine interest allocations — and the firm’s operation of a wrap program for which it retains certain operational and platform fees, each identified as potential conflicts of interest.