Midwestern Securities Trading Co., LLC logo

Midwestern Securities Trading Co., LLC

Updated today

Client assets under management

$1,891,367,202

Clients

11,709

2% high-net-worth

Advisors

52

of 105 employees

Firm type

Multi-team

30-300 advisors or >$3B in AUM

Clients per advisor

225

Very High

Average account size

$161,531

About

Midwestern Securities Trading Company, LLC serves a broad mix of individual clients (both non‑HNW and high‑net‑worth), as well as corporate and retirement‑plan sponsors, charities, and other institutional clients. The firm provides financial planning and portfolio management, operates a wrap‑style model program called Midwestern Securities Lighthouse Portfolios™ (with related Beacon variants), offers ERISA 3(38) retirement plan services, and refers clients to third‑party managers via platforms such as Envestnet.

Advice is delivered through a mix of discretionary model portfolios and predominantly non‑discretionary managed accounts; Lighthouse and Beacon portfolios are overseen by an internal IA committee and set distributions to cash, while many other accounts require client confirmation for trades. The firm combines fundamental, technical and charting analysis with third‑party research, conducts periodic account reviews (at least semi‑annually or annually), and permits third‑party managers to exercise discretion only with client consent.

Noteworthy distinctions from many large peers include the firm’s dual registration and active broker‑dealer operations—many advisory representatives are FINRA‑registered and the firm both effects brokerage transactions and receives commission‑based revenue—while stating that certain mutual‑fund 12b‑1 fees are rebated to clients. The brochure also discloses an unusually large client base relative to its 51 advisors (resulting in high clients‑per‑advisor ratios), use of a bank deposit sweep program through its clearing/custodial arrangement that generates direct compensation, and supervisory, disclosure and rebate practices intended to address the conflicts those arrangements create.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops
Portfolio management for 401(k) retirement plans defined in section 3(38) of erisa rules

Expertise

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy

Occupation focus

Founder/Business Owner Executive

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Fee options

Fixed

Flat fees for seminars up to $100; financial planning flat fees possible (not to exceed hourly rate multiplied by time)

Percentage

$0.00 - $999,999.99: 1.30% $1,000,000.00 - $4,999,999.99: 1.05% $5,000,000.00 - $9,999,999.99: 0.85% $10,000,000.00+: 0.55%

Commissions

Yes, as a dually registered broker-dealer many representatives earn commissions; however, advisory clients do not pay both advisory fees and commissions on the same account; 12b-1 fees are rebated to clients

Project-based

$300 per hour (negotiable, minimum $150/hour) for financial planning and consultation

Other

Account minimum: $500 for Beacon Portfolios; $25,000 for most Lighthouse Portfolios; $50,000 for certain Lighthouse Portfolios (e.g., 50/50 Base/Fixed Income variations) Minimum fee: $40 annual maintenance fee for Beacon Portfolios billed quarterly in $10 increments; waived if assets exceed $25,000 Fee-only: Financial planning hourly rate typically $300/hour (negotiable, minimum $150/hour); flat fees also possible but not to exceed hourly rate

Main office location

Midwestern Securities Trading Co., LLC

235 Everett St

East Peoria IL 61611, United States

Number of offices

86

Most active in

Alabama · Arizona · Arkansas · California · Colorado · Connecticut · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · South Carolina · South Dakota · Tennessee · Texas · Utah · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Joshua M

CFP®, Series 63, Series 65

East Peoria, IL

Midwestern Securities Trading Company, LLC

Joshua Miller is a CFP® professional with 24 years of experience in the financial services industry. He is currently a financial consultant at John Graham and Associates and has served at Midwestern Securities Trading Company, LLC since 2006. Miller is involved in several community and volunteer activities, including serving as past president of the Astoria Lions Club, co-chairing the finance committee for Graham Health Systems Board of Trustees, and coaching high school football. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, including branded model portfolios, and serves a large retail client base supported by 41 advisors.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Michael G

Series 63, Series 65

East Peoria, IL

Midwestern Securities Trading Company, LLC

Michael Graham is a financial advisor with Midwestern Securities Trading Company, LLC, holding Series 63 and Series 65 licenses and bringing 29 years of industry experience. He has been with Midwestern Securities since 1999 and also operates John Graham & Associates, a financial consulting business he started in 1996. Graham serves as president and board member of Princeville State Bank/Main Street Bancorp Inc and is a board member of the Peoria Riverfront Museum Foundation. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis, and supports a large retail client base through 41 advisors.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Winfield E

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Winfield Ellis is a financial advisor with Midwestern Securities Trading Company, LLC, holding a Series 66 designation and one year of industry experience. Prior to joining Midwestern Securities, he worked at John Graham and Associates and Equitable Advisors LLC. Outside of his advisory role, Ellis serves as a pastor at the East Peoria Bible Missionary Church. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis overseen by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Jason S

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Jason Stadsholt is a financial advisor at Midwestern Securities Trading Company, LLC with 23 years of industry experience. He holds a Series 66 designation and has worked at Midwestern Securities since 2017, following nine years at infinex Investments, Inc. He also serves as a financial advisor at Havana National Bank and is involved as treasurer for the Athens Youth Sports Association. Midwestern Securities Trading Company provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis alongside third-party research.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Ian T

Series 66

Breese, IL

Midwestern Securities Trading Company, LLC

Ian Timimmermann is a financial advisor at Midwestern Securities Trading Company, LLC with one year of industry experience. He holds the Series 66 designation and previously worked at Bradford National Bank and Knights of Columbus. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm supports a large retail client base through both discretionary and non-discretionary managed accounts and integrates fundamental and technical analysis in its investment approach.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Brady H

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Brady Huber is a financial advisor at Midwestern Securities Trading Company, LLC with four years of industry experience. He holds a Series 66 designation and has worked at Bradford National Bank since 2021. Outside of his advisory role, he serves as a football game commentator for WGEL. Midwestern Securities Trading Company provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis overseen by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Cody L

CFP®, Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Cody Leach is a CFP® with 11 years of industry experience, currently serving as a financial advisor at Midwestern Securities Trading Company, LLC and State Bank of Graymont since 2014. He is based in Pontiac, Illinois. Outside of his advisory work, Leach is involved in community theater as an actor and serves as a church council member at St. Paul Lutheran Church. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers both discretionary and non-discretionary managed accounts, combining fundamental and technical analysis with third-party research to support a large retail client base.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Scott F

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Scott Fisher is a financial advisor with Midwestern Securities Trading Company, LLC in Taylorville, IL, holding a Series 66 designation and eight years of industry experience. He has worked with John Graham & Associates since 2018 and has also been affiliated with Midwestern Securities Trading Company since 2017. Midwestern Securities Trading Company provides portfolio management, financial planning, retirement-plan fiduciary services, and a wrap-fee model portfolio program to individual and high-net-worth clients. The firm serves a large retail client base with a range of discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis overseen by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Elizabeth W

Series 66

Pittsfield, IL

Midwestern Securities Trading Company, LLC

Elizabeth White is a financial advisor at Midwestern Securities Trading Company, LLC with four years of industry experience. She holds a Series 66 designation and has worked at Eagle Valley Bank since 2001, currently serving as Vice President of Operations. In addition to her financial roles, she is an Alderman for Ward 2 in the City of Pittsfield, a board member of the Pike County Chamber of Commerce, and volunteers with the Pittsfield Fire Department Wives Auxiliary. Midwestern Securities Trading Company provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, relying on a combination of fundamental and technical analysis, third-party research, and oversight by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Nicholas K

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Nicholas Kuhlman is a financial consultant with Midwestern Securities Trading Company, LLC and holds a Series 66 designation. He began his industry career in 2025 and has prior experience with John Graham & Associates Inc. Outside of his advisory role, he has worked in community-focused and entrepreneurial activities, including managing operations at Corner Stone Tavern. Midwestern Securities Trading Company serves a large retail client base with portfolio management, financial planning, and retirement-plan fiduciary services. The firm offers discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis overseen by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Robert M

Series 63, Series 65

East Peoria, IL

Midwestern Securities Trading Company, LLC

Robert Minor is a financial advisor with Midwestern Securities Trading Company, LLC, holding Series 63 and Series 65 credentials and 15 years of industry experience. He has worked at Sauk Valley Bank since 2011 and concurrently with Midwestern Securities Trading Company, LLC during the same period. Outside of his advisory roles, he serves as vice treasurer for Whiteside County United Way and is involved in local community activities, including coaching and teaching baseball and softball lessons and serving on the board of the Sterling Rock Falls Community Trust. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm manages both discretionary and non-discretionary accounts using a combination of fundamental and technical analysis and supports a large retail client base through 41 advisors.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Michael D

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Michael Doublin is a financial advisor with Midwestern Securities Trading Company, LLC, holding a Series 66 designation and six years of industry experience. He has been with Midwestern Securities Trading Company since 2018. Prior to this, he held roles at T. Rowe Price and the University of Northern Colorado. Midwestern Securities Trading Company provides portfolio management, financial planning, retirement-plan fiduciary services, and a wrap-fee model portfolio program primarily to individual and high-net-worth clients. The firm supports a large retail client base through its 41 advisors and offers both discretionary and non-discretionary managed accounts, utilizing a mix of fundamental and technical analysis alongside third-party research.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Tate H

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Tate Hartman is a financial advisor with Midwestern Securities Trading Company, LLC, holding a Series 66 designation and 11 years of industry experience. He has worked at both Heartland Credit Union and Midwestern Securities Trading Company since 2015. Outside of his advisory roles, Hartman is involved in community organizations, serving as a member of the Rotary Club of Springfield South and as treasurer and board member for the nonprofit 100+ People Who Care in Springfield. Midwestern Securities Trading Company provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm manages a large retail client base through discretionary and non-discretionary model portfolios overseen by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Dana T

Series 63, Series 66

Luxemburg, WI

Midwestern Securities Trading Company, LLC

Dana Tupper is a financial advisor at Midwestern Securities Trading Company, LLC with 15 years of industry experience. He holds Series 63 and Series 66 licenses and previously worked at Raymond James Financial Services Advisors, Inc. He is also an associate at Bank of Luxemburg and serves as a clerk on the Kewaunee Public School District Board of Directors. Midwestern Securities Trading Company provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm offers discretionary and non-discretionary managed accounts, utilizing a combination of fundamental and technical analysis overseen by an internal Investment Advisory Committee.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
user avatar

Ahlden H

Series 66

East Peoria, IL

Midwestern Securities Trading Company, LLC

Ahlden Harms is a financial advisor at Midwestern Securities Trading Company, LLC with nine years of industry experience. He holds the Series 66 designation and has worked at Midwestern Securities since 2016, with prior experience at RSM US LLP and Illinois State University. Outside of his advisory role, Harms serves as a vice president and loan officer at The Frederick Community Bank and is involved in sports officiating for the Illinois High School Association, as well as committee work with the Paxton Grand Old Flag organization. Midwestern Securities Trading Company, LLC provides portfolio management, financial planning, and retirement-plan fiduciary services to individual and high-net-worth clients. The firm supports a large retail client base through discretionary and non-discretionary managed accounts and uses a combination of fundamental and technical analysis along with third-party research to guide its investment approach.

Retirement plans for business owners (SEP, solo 401k) Business exit / sale strategy Wealth management Charitable giving & philanthropy Founder/Business Owner Executive
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