Mbe Wealth Management, LLC (Tomah)

Name: Mbe Wealth Management, LLC
Address: 200 W. Warren St., Tomah, WI, 54660
Telephone: 608-372-5521

Mbe Wealth Management, LLC is a large advisory firm based in Tomah. It manages $301.96 million of regulatory assets for 2,153 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, Colorado, Florida, and 5 other states.

Mbe Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mbe Wealth Management: assets under management

The assets under management (AUM) of Mbe Wealth Management, LLC is $301.96 million. The firm's AUM has grown by 114% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.15 million in discretionary accounts and $93.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.84 million.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mbe Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mbe Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mbe Wealth Management is individuals with 1,457 clients and $170.07 million of assets under management. Among the 8 most similar advisory firms, Mbe Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $301.96 million for 1,516 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mbe Wealth Management doesn't advise any private funds.

Careers at Mbe Wealth Management, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joe Berry Llc	Member	1 Dec 2011	Other	45-4035350
Timothy Brian Moy	Managing member	1 Jan 2013	50% - 75%	5988465
Borchert Erbs & Associates Llp Moy	Managing member	1 Jan 2013	25% - 50%	20-0794302
Llc Greenwood Financial	Member	1 Jan 2014	Other	32-0232116
Llc Due North Financial	Member	1 Mar 2015	Other	47-3318459
Llc Krueger Wealth Management	Member	1 Jun 2015	Other	47-4291497
James Daniel Greenwood	Member	1 Jan 2016	Other	1921310
Joseph Lee Berry	Chief compliance officer/member	1 Jan 2016	Other	3051227
Brent Douglas Brinker	Member	1 Jan 2017	Other	5324627
Jacob Adam Krueger	Member	1 Jan 2017	Other	5493816

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Lee Berry	Managing member	1 Dec 2011	75% - 100%	3051227
Brent Douglas Brinker	Managing member	1 Mar 2015	75% - 100%	5324627
Jacob Adam Krueger	Managing member	1 Jun 2015	75% - 100%	5493816

Based in Tomah

The principal office where Mbe Wealth Management, LLC performs its advisory services is located at 200 W. Warren St., Tomah, WI 54660, which is also the mailing address of the firm. An additional office of the firm is in Sun Prairie, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 608-372-5521 or by fax 608-372-5518. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mbewealth.com and its LinkedIn profile.