Wealth manager, independent · Rockford, IL
Midwest Financial Associates, Inc.
SEC-registered investment adviser · CRD 158573 · SEC 801-135945
At a glance
Midwest Financial Associates, Inc. is an SEC-registered investment adviser based in Rockford, Illinois, with $124 million in regulatory assets under management as of its Form ADV filed July 7, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 286 individual clients. By Form ADV it is a wealth manager, ranked 7,594th of 8,915 wealth managers and 14,582nd of 17,210 SEC-registered advisers by assets.
Main office 779-210-2930As filed on Form ADV
- Regulatory AUM
- $124M
- Rank among wealth managers
- #7,594 of 8,915
- Rank among all SEC RIAs
- #14,582 of 17,210
- Rank in Illinois
- #616 of 684
- Individual clients
- 286
- High-net-worth clients
- 26
- Accounts
- 632
- Discretionary
- 100% of AUM
- Employees
- 4
- Advisory staff
- 1
- Offices
- 1
Owners and executives on its Form ADV
- Timothy F. KnaufCCO President
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 26 | $63M | 51% |
| Individuals | 260 | $51M | 41% |
| Pension and profit sharing plans | 13 | $9M | 7% |
| Corporations or other businesses | 2 | $1M | <1% |
Disciplinary disclosures
Midwest Financial Associates, Inc. answers yes to 6 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). 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
- Pension consulting
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Midwest Financial Associates, Inc.
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, 1 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 4,869 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 1 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Midwest Financial Associates, Inc. manage?
Midwest Financial Associates, Inc. reports $124 million in regulatory assets under management across 632 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 7, 2026.
What kind of firm is Midwest Financial Associates, Inc.?
Midwest Financial Associates, Inc. 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.
Who are Midwest Financial Associates, Inc.’s clients?
By assets, its largest client types are high-net-worth individuals ($63 million, 26 clients); individuals ($51 million, 260 clients); pension and profit sharing plans ($9 million, 13 clients).
Does Midwest Financial Associates, Inc. have any disciplinary history?
Midwest Financial Associates, Inc. answers yes to 6 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Midwest Financial Associates, 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 (2026-07-07), 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 →