Wealth manager, bank-affiliated · Ankeny, IA
LSB Wealth Management
LSB Capital Management, Inc. · SEC-registered investment adviser · CRD 310466 · SEC 801-124725
At a glance
LSB Wealth Management is an SEC-registered investment adviser based in Ankeny, Iowa, with $229 million in regulatory assets under management as of its Form ADV filed August 11, 2026. Its largest client group by assets is banking or thrift institutions, and it reports 383 individual clients. By Form ADV it is a wealth manager (bank-affiliated), ranked 5,323rd of 8,915 wealth managers and 11,553rd of 17,210 SEC-registered advisers by assets.
Main office 515-327-9922mylsbcapital.comAs filed on Form ADV
- Regulatory AUM
- $229M
- Rank among wealth managers
- #5,323 of 8,915
- Rank among all SEC RIAs
- #11,553 of 17,210
- Rank in Iowa
- #64 of 91
- Individual clients
- 383
- High-net-worth clients
- 157
- Accounts
- 573
- Discretionary
- 100% of AUM
- Employees
- 11
- Advisory staff
- 11
- Offices
- 7
Owners and executives on its Form ADV
- Annette J. UtterbackChief Compliance Officer
- Zachary P. MorrisseyPresident
Custody and brokerage
Broker-dealer
Hybrid RIA
LSB Wealth Management is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed August 2026) names LPL Financial, an unaffiliated broker-dealer, as the broker-dealer its advisers are registered with.
Associated persons of us may also be registered representatives of LPL.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Banking or thrift institutions | – | $112M | 49% |
| High-net-worth individuals | 157 | $79M | 34% |
| Individuals | 226 | $38M | 17% |
Disciplinary disclosures
LSB Wealth Management 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
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗mylsbcapital.com ↗
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The full record on LSB Wealth Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 3 years of filings
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- Growth over one, three and five years
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- Rank against 6,220 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does LSB Wealth Management manage?
LSB Wealth Management reports $229 million in regulatory assets under management across 573 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 11, 2026.
What kind of firm is LSB Wealth Management?
LSB Wealth Management is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals. It reports a bank or thrift among its related persons.
Who are LSB Wealth Management’s clients?
By assets, its largest client types are banking or thrift institutions ($112 million); high-net-worth individuals ($79 million, 157 clients); individuals ($38 million, 226 clients).
Does LSB Wealth Management have any disciplinary history?
LSB Wealth Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is LSB Wealth Management’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 (2026-08-11), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →