Binnacle Investments provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Binnacle Investments reports 354 clients. They include 220 individual clients, 130 high-net-worth individuals and 4 charitable organizations. Of its assets, 100.0% ($264M across 885 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 16% |
| High-net-worth individuals | 37% | 82% |
| Charitable organizations | 1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 220 | $43.6M | 16.5% | $198K |
| High-net-worth individuals | 130 | $215M | 81.6% | $1.66M |
| Charitable organizations | Fewer than 5 | $5.13M | 1.9% | $1.28M |
| Total | 354 | $264M | 100% | — |
- Clients
- 220
- Regulatory AUM
- $43.6M
- AUM share
- 16.5%
- Avg. per client
- $198K
- Clients
- 130
- Regulatory AUM
- $215M
- AUM share
- 81.6%
- Avg. per client
- $1.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.13M
- AUM share
- 1.9%
- Avg. per client
- $1.28M
Total
- Clients
- 354
- Regulatory AUM
- $264M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Binnacle Investments 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. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning (Fixed Fee)
- The total financial planning fee is a flat fee based on the scope and complexity of the client's situation, from $2,500 up to $15,000.
- Financial Planning (Hourly)
- An hourly fee for services based on their nature and complexity, negotiated between $150 and $350 an hour.
Matthew Onstot owns 50% to 75% of Binnacle Investments. The leadership team of Binnacle Investments includes Chief Compliance Officer Matthew Onstot. It has 8 employees, 5 of them in advisory roles.
Leadership
- Matthew OnstotDirector and Chief Compliance Officer
- Jason WiltseDirector
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Brian Lee Blankenburg
- Drake Matthew Ellgren
- Matthew Scott Onstot
- Connor Austin Peck
- Jason Paul Wiltse
Staff
- 8 employees
- 5 in advisory functions
- 5 state-registered reps
- 3 broker-dealer reps
- 5 insurance agents
- 1 soliciting firm
- Owns 50% to 75% of Binnacle Investments, Inc.
Matthew Onstot
Control person · since April 2021
- Owns 50% to 75% of Binnacle Investments, Inc.
Jason Wiltse
Control person · since April 2021
Binnacle Investments’ regulatory assets grew Infinity× from $0 (July 2021) to $264M (May 2026); employees rose from 3 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $264M | 354 | 8 | 3 |
| March 2025 | $217M | 347 | 8 | 3 |
| February 2024 | $184M | 308 | 8 | 3 |
| March 2023 | $161M | 458 | 5 | 3 |
| April 2022 | $152M | 421 | 5 | 2 |
| July 2021 | $0 | 0 | 3 | 1 |
Besides its headquarters, Binnacle Investments has 2 offices, with 3 listed addresses in Iowa.
Iowa · 3 listed addresses
- 2400 86th Street, Suite 32, UrbandaleHQ
- 9 Plaza Drive, Clear Lake
- 414 West Main, Sac City
Contact and registration details
- Legal name
- Binnacle Investments, Inc.
- Headquarters
- 2400 86th Street, Suite 32, Urbandale, IA 50322
- Website
- wilonwm.com
- Phone
- 515-225-9500
- @1373095
- SEC file
- 801-120747
- Founded
- 2007
- Structure
- Iowa corporation
- Fiscal year end
- December
Binnacle Investments uses SEI Investments Distribution ($259M) as custodian for its separately managed accounts. Binnacle Investments does not have custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $259M100%
At year end, Binnacle Investments’ separately managed accounts were mostly in funds (75%) and stocks (13%).
What the accounts hold
- Stocks13%
- Funds75%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash10%
How many clients does Binnacle Investments have?
Binnacle Investments has 354 clients and manages $264 million for them, as of May 2026. They include 220 individual clients, 130 high-net-worth individuals and 4 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 May 2026
What services does Binnacle Investments offer?
Binnacle Investments provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Binnacle Investments use?
Binnacle Investments’ separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $259M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 May 2026
How many financial advisors does Binnacle Investments have?
Binnacle Investments has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 5 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 Binnacle Investments invest in?
At the end of its last fiscal year, Binnacle Investments’ separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 10% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Binnacle Investments?
Binnacle Investments’ direct owners are Matthew Onstot (50% to 75%) and Jason Wiltse (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 21 May 2026
How does Binnacle Investments get paid?
Binnacle Investments 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
Is Binnacle Investments registered with the SEC?
Yes, Binnacle Investments has been registered with the SEC as an investment adviser since 9 April 2021. Its CRD number is 313185 and its SEC file number is 801-120747.
Source: Form ADV Part 1A, Item 1, filed 21 May 2026; IAPD firm record
How do I contact Binnacle Investments?
Binnacle Investments’ main office is at 2400 86th Street, Suite 32, Urbandale, IA 50322. Its phone number is 515-225-9500. Its website is wilonwm.com.