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Est. 2026The front page of wealth managementNew York

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RIA comparison · SEC Form ADV

Modern Wealth Management, LLC vs Ferguson Wellman Capital Management, Inc.

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Modern Wealth Management, LLC is the larger of the two, with $11B in regulatory assets to $11B at Ferguson Wellman Capital Management, Inc., 2% more than its rival, by their latest Form ADV filings. Modern Wealth Management, LLC reports more individual clients (11,524 vs 951), while Ferguson Wellman Capital Management, Inc’s clients hold more on average (about $8.3 million each against $830,000). Modern Wealth Management, LLC is based in Kansas City, Missouri and Ferguson Wellman Capital Management, Inc. in Portland, Oregon.

FigureModern Wealth Management, LLCFerguson Wellman Capital Management, Inc.
Regulatory AUM$11B$11B
National rank#88#89
HeadquartersKansas City, MissouriPortland, Oregon
Individual clients11,524951
High-net-worth clients2,529865
Average client assets$830,000$8.3 million
Accounts30,6174,763
Discretionary94% of AUM100% of AUM
Employees25368
Advisory staff10231
Clients per advisory employee11331
Offices232
Form ADV filed2026-07-022026-06-09

Modern Wealth Management, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Selecting other advisers
  • Periodicals or newsletters
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Ferguson Wellman Capital Management, Inc.

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management

Questions

Which is bigger, Modern Wealth Management, LLC or Ferguson Wellman Capital Management, Inc.?

Modern Wealth Management, LLC, with $11B in regulatory assets under management against $11B at Ferguson Wellman Capital Management, Inc. Nationally they rank #88 and #89 among 5,657 independent wealth management RIAs.

How many clients do Modern Wealth Management, LLC and Ferguson Wellman Capital Management, Inc. have?

Modern Wealth Management, LLC reports 11,524 individual clients (2,529 high-net-worth) with 102 advisory employees; Ferguson Wellman Capital Management, Inc. reports 951 (865 high-net-worth) with 31 advisory employees.

How do Modern Wealth Management, LLC and Ferguson Wellman Capital Management, Inc. charge clients?

Only Modern Wealth Management, LLC lists hourly charges; fixed fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Modern Wealth Management, LLC and Ferguson Wellman Capital Management, Inc. offer?

Modern Wealth Management, LLC lists periodicals or newsletters; educational seminars and workshops, which Ferguson Wellman Capital Management, Inc. does not. Ferguson Wellman Capital Management, Inc. lists portfolio management for businesses and institutions, which Modern Wealth Management, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Modern Wealth Management, LLC ↗, Ferguson Wellman Capital Management, Inc. ↗. How to check a financial advisor →