Wealth manager, independent · Milwaukee, WI
Diversified Management Inc
SEC-registered investment adviser · CRD 106680 · SEC 801-46436
At a glance
Diversified Management Inc is an SEC-registered investment adviser based in Milwaukee, Wisconsin, with $1.9B in regulatory assets under management as of its Form ADV filed March 30, 2026. It reports 339 individual clients, 212 of them high-net-worth, holding an average of about $5.2 million each, and 8 employees. That ranks it 597th among the nation’s 5,657 independent wealth management RIAs and 7th of 97 in Wisconsin. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 414-292-1900diversifiedmanagement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.9B
- Rank among independent wealth managers
- #597 of 5,657
- Rank among all SEC RIAs
- #3,790 of 17,210
- Rank in Wisconsin
- #7 of 97
- Individual clients
- 339
- High-net-worth clients
- 212
- Accounts
- 1,650
- Discretionary
- 93% of AUM
- Employees
- 8
- Advisory staff
- 6
- Offices
- 2
Owners and executives on its Form ADV
- Michael P. SchmidtChairman, President and Chief Compliance Officer
- Michael P. EganManaging Director and Chief Investment Officer
- Chad A. ThistleChief Financial Officer
- Garren L. AgleVice President & Chief Information Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Diversified Management Inc reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 212 | $1.7B | 91% |
| Charitable organizations | 1 | $118M | 6% |
| Individuals | 127 | $53M | 3% |
Disciplinary disclosures
Diversified Management Inc reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗diversifiedmanagement.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 4 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Wisconsin
All of Wisconsin →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Ellenbecker Investment GroupWaukesha | $2.1B | 2,277 |
| Operose Advisors LLCMilwaukee | $2.0B | 430 |
| IAG Wealth Partners, LLCWaukesha | $1.9B | 2,339 |
| Schaper Benz & Wise Investment Counsel IncNeenah | $1.8B | 388 |
| N.E.W. Advisory Services, LLCDe Pere | $1.6B | 4,842 |
| Capital Investment Services of America IncMilwaukee | $1.3B | 898 |
Background
Questions
How much does Diversified Management Inc manage?
Diversified Management Inc reports $1.9B in regulatory assets under management across 1,650 accounts, 93% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
How many clients does Diversified Management Inc have?
It reports 339 individual clients: 212 high-net-worth individuals and 127 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Diversified Management Inc headquartered?
Its main office is in Milwaukee, Wisconsin. It reports 2 offices in total and 8 employees, 6 of whom perform investment advisory functions.
How does Diversified Management Inc charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Diversified Management Inc use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 30, 2026, it reports these amounts held: Charles Schwab ($1.7B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Diversified Management Inc a hybrid RIA with a broker-dealer?
Diversified Management Inc reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Diversified Management Inc a fiduciary?
As an SEC-registered investment adviser, Diversified Management Inc owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Diversified Management Inc’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →