{"url":"https://nivawealth.com/firms/black-walnut-wealth-management-337606","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/337606","regulatoryAum":136776561,"crd":"337606","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2544396","suffix":null,"lastName":"BRAUND","firstName":"ERICKSON","middleName":"RICHARD"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-134160","legalName":"Black Walnut Wealth Management, LLC","displayName":"Black Walnut Wealth Management","slug":"black-walnut-wealth-management-337606","website":"https://blackwalnutwm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/blackwalnutwm","founded":null,"organization":"Michigan limited liability company","fiscalYearEnd":"December","headquarters":{"street":"13919 S W Bay Shore DR, Suite 104","city":"Traverse City","state":"MI","stateName":"Michigan","country":"United States","postalCode":"49684"},"tradeNames":[],"registration":{"secApproved":"11 August 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1586856.9767441861,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":136776561,"discretionary":136776561,"discretionaryAccounts":272,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":46,"regulatoryAum":19096782},{"label":"High-net-worth individuals","clients":40,"regulatoryAum":117372918},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":306861}],"feePrograms":[{"role":"main","program":"Wealth management service fee","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045069","versionId":1045069,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-05-14","documentName":"BLACK WALNUT WEALTH MANAGEMENT ADV 2A","fee_rate_low":null,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":7500}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T18:07:10.418796+00:00","documents":[{"name":"BLACK WALNUT WEALTH MANAGEMENT ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045069","versionId":1045069,"submittedOn":"2026-05-14"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":136776561}],"custodyNote":"Black Walnut Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Erickson Braund","title":"Founder, Chief Compliance Officer, CFO","crd":"2544396"}],"ownership":[{"label":"Erickson Braund","detail":"Founder, chief compliance officer, cfo in the 75% or more ownership band and a control person, since April 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":1,"addresses":[{"street":"13919 S W Bay Shore DR, Suite 104","city":"Traverse City","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"231-421-7711","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Publication of periodicals or newsletters"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":99}],"privateFunds":0},"sources":{"adv1FilingDate":"14 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/337606/PDF/337606.pdf","brochureDate":"14 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045069","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Black Walnut Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Black Walnut Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Black Walnut Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Black Walnut Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Black Walnut Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Black Walnut Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Black Walnut Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Black Walnut Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Black Walnut Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 14 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}