American Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, insurance, and philanthropic planning. Financial planning was provided to 251–500 clients last fiscal year.
American Wealth Management reports 897 clients. They include 673 individual clients, 200 high-net-worth individuals, and 17 pension and profit-sharing plans. Of its assets, 99.1% ($753M across 891 accounts) are managed with discretion; $7.13M across 6 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 27% |
| High-net-worth individuals | 22% | 69% |
| Pension and profit-sharing plans | 2% | 2% |
| Charitable organizations | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 673 | $204M | 26.8% | $303K |
| High-net-worth individuals | 200 | $526M | 69.1% | $2.63M |
| Pension and profit-sharing plans | 17 | $17.5M | 2.3% | $1.03M |
| Charitable organizations | 7 | $13.4M | 1.8% | $1.92M |
| Total | 897 | $761M | 100% | $848K |
- Clients
- 673
- Regulatory AUM
- $204M
- AUM share
- 26.8%
- Avg. per client
- $303K
- Clients
- 200
- Regulatory AUM
- $526M
- AUM share
- 69.1%
- Avg. per client
- $2.63M
- Clients
- 17
- Regulatory AUM
- $17.5M
- AUM share
- 2.3%
- Avg. per client
- $1.03M
- Clients
- 7
- Regulatory AUM
- $13.4M
- AUM share
- 1.8%
- Avg. per client
- $1.92M
Total
- Clients
- 897
- Regulatory AUM
- $761M
- AUM share
- 100%
- Avg. per client
- $848K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
American Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Laif Meidell owns 75% or more of American Wealth Management. The leadership team of American Wealth Management includes President Laif Meidell and Chief Compliance Officer Greg Culver. It has 9 employees, 5 of them in advisory roles.
Leadership
Laif MeidellPresident- Greg CulverChief Compliance Officer
Heidi FosterWealth Advisor and Investment Manager
Patricia MeidellChairman of the Board
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 5 in advisory functions
- 3 state-registered reps
- 4 broker-dealer reps
- 3 insurance agents
- Owns 75% or more of American Wealth Management
Laif Meidell
Control person · since January 2008
American Wealth Management’s regulatory assets grew 2.0× from $384M (February 2021) to $761M (June 2026); clients rose from 742 to 897 and employees were 9 in both filings. In 2016, Bidart & Ross joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $761M | 897 | 9 | 1 |
| January 2025 | $694M | 887 | 9 | 1 |
| January 2024 | $566M | 835 | 9 | 1 |
| January 2023 | $501M | 818 | 9 | 1 |
| December 2021 | $546M | 807 | 9 | 1 |
| February 2021 | $384M | 742 | 9 | 1 |
Firms that joined
20161 joined
- Bidart & RossNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, American Wealth Management has 0 offices, with 1 listed address in Nevada.
Nevada · 1 listed address
- 570 Hammill Lane, RenoHQ
Contact and registration details
- Legal name
- American Wealth Management
- Headquarters
- 570 Hammill Lane, Reno, NV 89511
- Website
- financialhealth.com
- Phone
- 775-332-7000
- SEC file
- 801-70453
- Founded
- 1988
- Structure
- Nevada corporation
- Fiscal year end
- September
American Wealth Management does not have custody of client assets.
At year end, American Wealth Management’s separately managed accounts were mostly in stocks (95%).
What the accounts hold
- Stocks95%
- Bonds1%
- Cash4%
How many clients does American Wealth Management have?
American Wealth Management has 897 clients and manages $761 million for them, as of June 2026. They include 673 individual clients, 200 high-net-worth individuals, and 17 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 June 2026
What services does American Wealth Management offer?
American Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How many financial advisors does American Wealth Management have?
American Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does American Wealth Management invest in?
At the end of its last fiscal year, American Wealth Management’s separately managed accounts held 95% exchange-traded equities, 4% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns American Wealth Management?
American Wealth Management’s direct owner is Laif Meidell (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 June 2026
How does American Wealth Management get paid?
American Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact American Wealth Management?
American Wealth Management’s main office is at 570 Hammill Lane, Reno, NV 89511. Its phone number is 775-332-7000. Its website is financialhealth.com.