Mwa Financial Services, Inc
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Overview
Mwa Financial Services, Inc is a financial advisory company headquartered in Rock Island, Illinois. Mwa Financial Services, Inc controls $135.6 million in total assets across 987 customer accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The company has a large team, including 102 financial advisors. Mwa Financial Services, Inc does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, options and stocks.
Mwa Financial Services, Inc manages none of the firm's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction decisions without requiring the customer's authorization. The firm also oversees 987 non-discretionary accounts with a total of $135.6 million in assets under management. The company supervises an average of $137,398 for every client account. The typical financial advisor at Mwa Financial Services, Inc administers around ten client accounts, making it one of the more individualized firms in the country.
The firm's main office is at 1701 1St Avenue, Rock Island, Illinois 61201. The firm is legally allowed to provide services to investors throughout 40 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Mwa Financial Services, Inc by the Numbers
$135.6 million
689
987
$137.4 thousand
Products and Services
Mwa Financial Services, Inc provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the past fiscal year, it provided 1-10 of its accounts with financial planning services. It is engaged in selling products or offering services different than investment advice to its customers. It is affiliated with a number of other service providers in the financial services industry, including with an insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees vary depending on which services are offered. Fee types charged by the firm likely are comprised of any blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Mwa Financial Services, Inc provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 987 customers, Mwa Financial Services, Inc's largest client type is retail investors, although it also serves 18 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 1.83%
- Other Individuals - 97.36%
- Corporations - 0.41%
- Charitable Organizations - 0.41%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Mwa Financial Services, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Mwa Financial Services, Inc
Ontario, CA
Rancho Mirage, CA
Prairie Du Sac, WI
Cincinnati, OH
Abingdon, VA
Greenwood, IN
Denton, TX
Sulligent, AL
Raleigh, NC
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