Midwest Professional Planners, Ltd. is a large advisory firm based in Wausau. It manages $210.43 million of regulatory assets for 2,790 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida, Illinois, Minnesota, Texas, and Wisconsin.
Midwest Professional Planners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Midwest Professional Planners, Ltd. is $210.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Midwest Professional Planners, Ltd. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jay Michael Wiedenman is high net worth individuals with 84 clients and $121.78 million of assets under management. Among the 12 most similar advisory firms, Midwest Professional Planners has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $210.43 million for 478 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Midwest Professional Planners doesn't advise any private funds.
The company employs 24 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jay Michael Wiedenman has been acting as President since 1 Mar 1999. Brian Clinton Resch joined the executive team most recently as the Shareholder And Director.
The principal office where Midwest Professional Planners, Ltd. performs its advisory services is located at 2610 Stewart Avenue, Suite 100, Wausau, WI 54401, which is also the mailing address of the firm. An additional office of the firm is in Crystal Lake, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 715-848-3474 or by fax 715-849-2510. The normal business hours are 8:30 am to 5:00 pm mo-th, fr 8:30 am to 1:00 pm on Other. You can find more information about the New York firm at mpplplan.com and its LinkedIn profile.