MWA Financial Services Inc.

MWA Financial Services, Inc. is an SEC-registered investment adviser and FINRA-registered broker‑dealer that serves individuals (including high‑net‑worth clients), trusts, corporations, charitable organizations and employer‑sponsored retirement plans through a network of 134 advisors. The firm offers tiered financial planning, adviser‑managed and third‑party managed accounts, and access to commissionable products and insurance through its affiliation with Modern Woodmen of America and its insurance subsidiary.

MWAFS provides most advisory services on a non‑discretionary basis — the firm reports $376,859,066 of assets managed on a non‑discretionary basis as of January 1, 2025 and states it does not accept discretionary authority for client accounts (clients may grant discretion to third‑party managers where appropriate). Financial planning engagements are offered as flat‑fee, hourly or ongoing arrangements, and IARs use fundamental, technical and charting analysis while coordinating recommendations with clients’ other advisers.

Compared with many large enterprise firms, MWAFS combines advisory and broker‑dealer activities and discloses that a meaningful portion of revenue is generated from commission‑based product sales and related distribution arrangements. The brochure also highlights relationships with Pershing (sweep and FundVest programs), producer contracting requirements with the parent organization, and explicit revenue‑sharing disclosures — structural features that bear on product selection, trade execution and how conflicts of interest are managed.