NextGen Wealth Defense LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$5,899,946
Total clients
14
36% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
14
Average account size
$421,425
About
NextGen Wealth Defense provides discretionary wealth management, investment management and financial planning to individuals, high‑net‑worth individuals, trusts and estates, and offers retirement account advice and referrals to unaffiliated independent managers. The firm typically expects a minimum relationship size of $250,000 (waivable at the advisor’s discretion) and acts as a fiduciary in client engagements.
The firm’s investment approach is primarily long‑term and combines fundamental, technical and Modern Portfolio Theory analysis to construct and monitor portfolios, with the advisor implementing strategies through Independent Managers and periodic rebalancing. NextGen uses custodians such as Charles Schwab and Altruist, conducts ongoing due diligence on recommended managers, and may execute shorter‑term trades to address client needs or market conditions.
A distinctive feature is that the founder is also a licensed insurance professional who spends a portion of time selling insurance products and may receive commission compensation; the ADV discloses this potential conflict and states clients are not obligated to purchase such products. Founded in November 2024, the firm manages roughly $5.9 million for a small number of predominantly high‑net‑worth clients and the disclosure brochure also notes an outstanding tax lien on the principal.
Client services
Financial planning
Portfolio management
Expertise
Wealth management
Fee options
$0 - $500,000: 1.20% annually $500,001 - $750,000: 1.10% annually $750,001 - $1,000,000: 1.00% annually $1,000,001 - $1,500,000: 0.90% annually $1,500,001 - $3,500,000: 0.80% annually $3,500,001 - $5,000,000: 0.65% annually $5,000,001+: 0.50% annually
Commission-based compensation possible for insurance products sold separately by Mr. Hurm, a licensed insurance professional; commissions are separate and in addition to advisory fees.
Account minimum: $250,000 Fee-only: Investment advisory fees based on tiered schedule as above; fees are negotiable at Advisor's discretion; no commissions for investment advisory services.
Main office location
NextGen Wealth Defense LLC
5445 Beavercrest Drive, Suite 6
Lorain OH 44053, United States
Number of offices
2
Most active in
NextGen Wealth Defense LLC has reported serving >5 clients in these states in the last 12 months.
Ohio
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.
Forms ADV
Quick links
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