Black Walnut Wealth Management provides financial planning, portfolio management for individuals and small businesses, and publishing newsletters. Financial planning was provided to 51–100 clients last fiscal year.
Black Walnut Wealth Management reports 86 clients. They include 46 individual clients and 40 high-net-worth individuals. Of its assets, 100.0% ($137M across 272 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 14% |
| High-net-worth individuals | 47% | 86% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 46 | $19.1M | 14.0% | $415K |
| High-net-worth individuals | 40 | $117M | 85.8% | $2.93M |
| Corporations and other businesses | Fewer than 5 | $307K | 0.2% | — |
| Total | 86 | $137M | 100% | — |
- Clients
- 46
- Regulatory AUM
- $19.1M
- AUM share
- 14.0%
- Avg. per client
- $415K
- Clients
- 40
- Regulatory AUM
- $117M
- AUM share
- 85.8%
- Avg. per client
- $2.93M
- Clients
- Fewer than 5
- Regulatory AUM
- $307K
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 86
- Regulatory AUM
- $137M
- 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
- 51–100
Black Walnut Wealth Management charges up to 2.00% for its Wealth management service fee. The brochure does not state whether the rate is annual. The fee is billed in advance, is negotiable and has a $7,500 annual minimum.
Fee details and sources
Erickson Braund owns 75% or more of Black Walnut Wealth Management. The leadership team of Black Walnut Wealth Management includes Chief Compliance Officer Erickson Braund. It has 2 employees, 1 of them in advisory roles.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Black Walnut Wealth Management, LLC
Erickson Braund
Control person · since April 2017
Besides its headquarters, Black Walnut Wealth Management has 0 offices, with 1 listed address in 1 state.
Michigan · 1 listed address
- 13919 S W Bay Shore DR, Suite 104, Traverse CityHQ
Contact and registration details
- Legal name
- Black Walnut Wealth Management, LLC
- Headquarters
- 13919 S W Bay Shore DR, Suite 104, Traverse City, MI 49684
- Website
- blackwalnutwm.com
- Phone
- 231-421-7711
- @blackwalnutwm
- SEC file
- 801-134160
- Structure
- Michigan LLC
- Fiscal year end
- December
Black Walnut Wealth Management’s named custodian for separately managed accounts is Fidelity ($137M). Black Walnut Wealth Management does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $137M100%
At year end, Black Walnut Wealth Management’s separately managed accounts were mostly in funds (99%).
What the accounts hold
- Stocks1%
- Funds99%
How many clients does Black Walnut Wealth Management have?
Black Walnut Wealth Management has 86 clients and manages $137 million for them, as of May 2026. They include 46 individual clients and 40 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 May 2026
What services does Black Walnut Wealth Management offer?
Black Walnut Wealth Management provides financial planning, portfolio management for individuals and small businesses, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Black Walnut Wealth Management charge?
Black Walnut Wealth Management charges up to 2.00% for its Wealth management service fee. The brochure does not state whether the rate is annual. The fee is billed in advance, is negotiable and has a $7,500 annual minimum.
Source: BLACK WALNUT WEALTH MANAGEMENT ADV 2A, filed 14 May 2026
Which custodians does Black Walnut Wealth Management use?
Black Walnut Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $137M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 May 2026
How many financial advisors does Black Walnut Wealth Management have?
Black Walnut Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Black Walnut Wealth Management invest in?
At the end of its last fiscal year, Black Walnut Wealth Management’s separately managed accounts held 99% registered funds (mutual funds, ETFs, BDCs) and 1% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Black Walnut Wealth Management?
Black Walnut Wealth Management’s direct owner is Erickson Braund (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 May 2026
How does Black Walnut Wealth Management get paid?
Black Walnut Wealth Management is paid through a percentage of assets under management 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 Black Walnut Wealth Management?
Black Walnut Wealth Management’s main office is at 13919 S W Bay Shore DR, Suite 104, Traverse City, MI 49684. Its phone number is 231-421-7711. Its website is blackwalnutwm.com.
