Wealth manager, independent · Kansas City, MO
Modern Wealth Management, LLC
SEC-registered investment adviser · CRD 324624 · SEC 801-127231
At a glance
Modern Wealth Management, LLC is an SEC-registered investment adviser based in Kansas City, Missouri, with $11B in regulatory assets under management as of its Form ADV filed July 2, 2026. It reports 11,524 individual clients, 2,529 of them high-net-worth, holding an average of about $0.8 million each, and 253 employees. That ranks it 88th among the nation’s 5,657 independent wealth management RIAs and 5th of 92 in Missouri. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 913-393-1000modernwealthmanagement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $11B
- Rank among independent wealth managers
- #88 of 5,657
- Rank among all SEC RIAs
- #1,294 of 17,210
- Rank in Missouri
- #5 of 92
- Individual clients
- 11,524
- High-net-worth clients
- 2,529
- Accounts
- 30,617
- Discretionary
- 94% of AUM
- Employees
- 253
- Advisory staff
- 102
- Offices
- 23
Owners and executives on its Form ADV
- Michael J. CapelleCo-Ceo
- Gary L. RothCo-Ceo
- Jason M. GordoPresident
- James P. RankinChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Modern Wealth Management, LLC is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed April 2026) names Mutual Securities as the broker-dealer its advisers are registered with.
However, some MWM IARs are also registered representatives of Mutual Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 2,529 | $6.4B | 58% |
| Individuals | 8,995 | $3.2B | 30% |
| Pension and profit sharing plans | 365 | $1.3B | 12% |
| Charitable organizations | 19 | $27M | <1% |
| Corporations or other businesses | 26 | $18M | <1% |
Disciplinary disclosures
Modern Wealth Management, LLC 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
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗modernwealthmanagement.com ↗
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- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 376 peers of its type and size
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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 Missouri
All of Missouri →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Moneta Group Investment Advisors, LLCSt. Louis | $51B | 8,840 |
| Focus Advisor Solutions, LLCSt. Louis | $41B | 33,235 |
| Forvis Mazars Wealth Advisors, LLCSpringfield | $12B | 4,329 |
| Plancorp, LLCSaint Louis | $11B | 2,251 |
| KrilogySt. Louis | $5.2B | 3,061 |
| Cornerstone Wealth Management, LLCDES Peres | $4.9B | 12,454 |
Compare Modern Wealth Management, LLC with
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- Modern Wealth Management, LLC vs Ferguson Wellman Capital Management, Inc. $11B · Portland, OR
- Modern Wealth Management, LLC vs Plancorp, LLC $11B · Saint Louis, MO
Background
Questions
How much does Modern Wealth Management, LLC manage?
Modern Wealth Management, LLC reports $11B in regulatory assets under management across 30,617 accounts, 94% of it on a discretionary basis, on its Form ADV filed July 2, 2026.
How many clients does Modern Wealth Management, LLC have?
It reports 11,524 individual clients: 2,529 high-net-worth individuals and 8,995 other individuals. Individuals account for about 88% of its regulatory assets.
Where is Modern Wealth Management, LLC headquartered?
Its main office is in Kansas City, Missouri. It reports 23 offices in total and 253 employees, 102 of whom perform investment advisory functions.
How does Modern Wealth Management, LLC 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 Modern Wealth Management, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed July 2, 2026, it reports these amounts held: Charles Schwab ($7.7B); Fidelity ($1.8B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Modern Wealth Management, LLC a hybrid RIA with a broker-dealer?
Modern Wealth Management, LLC is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Modern Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Modern Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 7 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Modern Wealth Management, LLC’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 (2026-07-02), 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 →