Baker Tilly Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
Baker Tilly Wealth Management reports 753 clients. They include 323 individual clients, 214 high-net-worth individuals and 113 state or municipal government entities. Of its assets, 55.0% ($2.86B across 2,555 accounts) are managed with discretion; $2.33B across 111 accounts are not. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 6% |
| High-net-worth individuals | 28% | 19% |
| Pension and profit-sharing plans | 13% | 11% |
| Charitable organizations | <1% | <1% |
| State or municipal government entities | 15% | 63% |
| Other client typesCorporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 323 | $324M | 6.2% | $1M |
| High-net-worth individuals | 214 | $996M | 19.2% | $4.66M |
| Pension and profit-sharing plans | 97 | $561M | 10.8% | $5.78M |
| Charitable organizations | 1 | $172K | 0.0% | $172K |
| State or municipal government entities | 113 | $3.29B | 63.4% | $29.1M |
| Corporations and other businesses | 5 | $15.5M | 0.3% | $3.1M |
| Total | 753 | $5.19B | 100% | $6.89M |
- Clients
- 323
- Regulatory AUM
- $324M
- AUM share
- 6.2%
- Avg. per client
- $1M
- Clients
- 214
- Regulatory AUM
- $996M
- AUM share
- 19.2%
- Avg. per client
- $4.66M
- Clients
- 97
- Regulatory AUM
- $561M
- AUM share
- 10.8%
- Avg. per client
- $5.78M
- Clients
- 1
- Regulatory AUM
- $172K
- AUM share
- 0.0%
- Avg. per client
- $172K
- Clients
- 113
- Regulatory AUM
- $3.29B
- AUM share
- 63.4%
- Avg. per client
- $29.1M
- Clients
- 5
- Regulatory AUM
- $15.5M
- AUM share
- 0.3%
- Avg. per client
- $3.1M
Total
- Clients
- 753
- Regulatory AUM
- $5.19B
- AUM share
- 100%
- Avg. per client
- $6.89M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Baker Tilly Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Baker Tilly Advisory Group, LP owns 75% or more of Baker Tilly Wealth Management and is in turn owned by Baker Tilly Advisory Group Intermediate, LP (75% or more). The leadership team of Baker Tilly Wealth Management includes President Theresa Meiners, Chief Operating Officer Kevin Simmerman and Chief Compliance Officer Barbara Olson. It has 31 employees, 21 of them in advisory roles.
Leadership
- Theresa MeinersVice President
- Thomas WalkerPresident
- Kevin SimmermanChief Operating Officer
- Barbara OlsonChief Compliance Officer
Investment adviser representatives
26 representatives listed in the SEC register as of 9 October 2026.
- Kelly Lynn Baumbach
- George Lee Bawcum JR.
- Scott Craig Burack
- Cortney Ann Cost
- David Michael Dubrava
- Michael Blaise Geraty
- Charles Henry Goodmiller
- William Francis Grady IV
- Evan Daniel Heath
- Timothy Edward Hole
- Zachary Ronald Jaro
- Kelsey Ann Kennedy
- Richard Joseph Kirby Jr.
- Phillip Ray McCollum Jr.
- Jeffrey Arthur Messer
- Sarah Marie Murphy
- Matthew Payne
- Melissa Santas Peterson
- Jeremy M Robert
- Mark Thomas Rochford
- Steven Michael Scharff
- Brittany Marie Sigh
- Raj Singh
- Jeremy Allen Smith
- Timothy Robert Sutton
Staff
- 31 employees
- 21 in advisory functions
- 25 state-registered reps
- 4 broker-dealer reps
- 4 insurance agents
- Owns 75% or more of Baker Tilly Wealth Management, LLC
Baker Tilly Advisory Group, LP
Control person · since May 2024
- Owns 75% or more of Baker Tilly Advisory Group, LP
Baker Tilly Advisory Group Intermediate, LP
Control person · since May 2024
- Owns 75% or more of Baker Tilly Advisory Group Intermediate, LP
Baker Tilly Advisory Group Parent, LP
Control person · since May 2024
- Owns 25% to 50% of Baker Tilly Advisory Group Parent, LP
H&F Waterloo Holdings, L.P.
Control person · since June 2024
- Owns 25% to 50% of H&F Waterloo Holdings, L.P.
H&F Waterloo Aiv II, L.P.
Control person · since June 2024
- Owns 75% or more of H&F Waterloo Aiv II, L.P.
H&F Waterloo Holdings, Inc.
Control person · since June 2024
- Owns 25% to 50% of H&F Waterloo Holdings, Inc.
Hellman & Friedman Capital Partners X (Parallel), L.P.
Control person · since June 2024
- Owns 25% to 50% of H&F Waterloo Holdings, L.P.
Hellman & Friedman Capital Partners X, L.P.
Control person · since June 2024
Baker Tilly Wealth Management’s regulatory assets grew 1.7× from $3.1B (December 2021) to $5.19B (August 2026); clients fell from 889 to 753 and employees from 45 to 31. Between 2019 and 2025, 4 advisory firms joined it. The largest by last filed assets were Mfa Asset Management ($462M, December 2021) and Kraft Asset Management ($454M, July 2025, the most recent).
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $5.19B | 753 | 31 | 9 |
| January 2026 | $4.6B | 601 | 32 | 9 |
| June 2024 | $4.41B | 771 | 27 | 10 |
| March 2023 | $3.91B | 1,053 | 45 | 17 |
| December 2021 | $3.1B | 889 | 45 | 14 |
Firms that joined
20251 joined
- Kraft Asset ManagementLast filed AUM $454M
20211 joined
- Mfa Asset ManagementLast filed AUM $462M
20201 joined
- Squar Milner Financial ServicesNo filed AUM
20191 joined
- Umbaugh Cash Advisory ServicesNo 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, Baker Tilly Wealth Management has 8 offices, with 9 listed addresses across 7 states.
Arizona · 2 listed addresses
- 2055 E Warner RD, Tempe
- 7098 E Cochise RD, Scottsdale
Wisconsin · 2 listed addresses
- 4807 Innovate Lane, MadisonHQ
- 790 N Water Street, Milwaukee
Indiana · 1 listed address
- 9229 Delegates Row, Indianapolis
Massachusetts · 1 listed address
- 1 Highwwood DR, Tewksbury
Michigan · 1 listed address
- 1000 Town Center, Southfield
Tennessee · 1 listed address
- 555 Great Circle Road, Nashville
Texas · 1 listed address
- 500 Dallas Street, Houston
Other business names
Baker Tilly Wealth Management has reported 2 other business names to the SEC.
- Baker Tilly
- Baker Tilly Investment Services
Contact and registration details
- Legal name
- Baker Tilly Wealth Management, LLC
- Headquarters
- 4807 Innovate Lane, Madison, WI 53718
- Website
- Not reported
- Phone
- 833-761-0673
- SEC file
- 801-119352
- Structure
- Wisconsin LLC
- Fiscal year end
- May
Baker Tilly Wealth Management uses Charles Schwab ($948M, 28%), Umb Bank, N.A. ($768M, 23%) and Argent Institutional Trust ($655M, 20%), among others, as custodians for its separately managed accounts. Baker Tilly Wealth Management has custody of $118M in client assets for 85 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $948M28%
- BNY Mellon Trust Company, N.A.BNY Mellon Trust Company, N.A. · Indianapolis, IN · $460M14%
- Argent Institutional TrustArgent Institutional Trust · Tampa, FL · $655M20%
- Umb Bank, N.A.Umb Bank, N.A. · Kansas City, MO · $768M23%
- U.S. Bancorp InvestmentsU.S. Bancorp Investments, Inc. · Saint Paul, MN · $508M15%
At year end, Baker Tilly Wealth Management’s separately managed accounts were largely in bonds (41%) and funds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $471M across 285 positions; the largest are Vanguard Index Fds (8.4%), Putnam ETF Trust (6.4%) and Nvidia Corporation (3.1%).
What the accounts hold
- Stocks5%
- Funds24%
- Bonds41%
- U.S. government and agency bonds37%
- State and local bonds3%
- Investment grade corporate bonds1%
- Cash21%
- Other8%
- Certificates of deposit with financial institutions8%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $471M
- Reported 13F value
- 285
- Positions
- 34.4%
- In the 10 largest
- +14.5%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs8.4%
- Putnam ETF Trust · Focused Lar Cap6.4%
- Nvidia Corporation3.1%
- SPDR Series Trust · ST Str P500grw2.9%
- Dimensional ETF Trust · US Targeted Vlu2.6%
- Blackrock ETF Trust · iShares US Equit2.5%
- iShares TR · Core S&P Mcp ETF2.4%
- Invesco Qqq TR · Unit Ser 12.3%
- Dimensional ETF Trust · US Mktwide Value1.9%
- Dimensional ETF Trust · Internatnal Val1.9%
Together, the ten largest are 34.4% of reported value.
How many clients does Baker Tilly Wealth Management have?
Baker Tilly Wealth Management has 753 clients and manages $5.19 billion for them, as of August 2026. They include 323 individual clients, 214 high-net-worth individuals and 113 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026
What services does Baker Tilly Wealth Management offer?
Baker Tilly Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Baker Tilly Wealth Management use?
Baker Tilly Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $948M, Umb Bank, N.A. (Kansas City, MO), with $768M, Argent Institutional Trust (Tampa, FL), with $655M, U.S. Bancorp Investments, Inc. (Saint Paul, MN), with $508M and BNY Mellon Trust Company, N.A. (Indianapolis, IN), with $460M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026
How many financial advisors does Baker Tilly Wealth Management have?
Baker Tilly Wealth Management has 25 investment adviser representatives registered with state securities authorities, out of 31 employees, and 21 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 4 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 Baker Tilly Wealth Management invest in?
At the end of its last fiscal year, Baker Tilly Wealth Management’s separately managed accounts held 37% U.S. government and agency bonds, 24% registered funds (mutual funds, ETFs, BDCs), 21% cash and equivalents, 8% other, 5% exchange-traded equities, 3% state and local bonds and 1% investment grade corporate bonds. The 8% other category is described as: Certificates of Deposit With Financial Institutions.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Baker Tilly Wealth Management?
Baker Tilly Wealth Management is owned through a chain of holding companies by Hellman & Friedman Capital Partners X, L.P. and Hellman & Friedman Capital Partners X (Parallel), L.P. Its direct owner is Baker Tilly Advisory Group, LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 August 2026
How does Baker Tilly Wealth Management get paid?
Baker Tilly 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 Baker Tilly Wealth Management?
Baker Tilly Wealth Management’s main office is at 4807 Innovate Lane, Madison, WI 53718. Its phone number is 833-761-0673.