Schmidt Financial Management

Schmidt Financial Management provides discretionary investment management and financial planning to individual and high‑net‑worth households, including trusts, estates and retirement accounts. The firm manages household assets and implements customized portfolios through unaffiliated third‑party managers, mutual funds, ETFs and individual securities while also offering standalone financial planning and consulting.

The firm emphasizes customized, non‑model portfolio construction using a blend of fundamental and technical analysis and detailed fund vetting; its brochure specifically cites the use of Morningstar ratings and other third‑party research when evaluating funds. Schmidt delegates manager due diligence and manager recommendations to an external provider (Wealthspire) and conducts regular account reviews and updated financial roadmaps for clients.

What distinguishes Schmidt from many peers is its scale and operating model: it manages roughly $497 million with a small advisory team, producing a high AUM per advisor and maintaining a $5 million account minimum (subject to waiver). The firm also uses sub‑advisers for manager implementation and maintains custody authority via standing letters of authorization, reflecting a hybrid model that combines in‑house planning with outsourced manager selection.