Blake Schutter Theil Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Blake Schutter Theil Wealth Advisors reports 192 clients. They include 85 individual clients, 80 high-net-worth individuals, and 15 corporations and other businesses. Of its assets, 97.3% ($447M across 431 accounts) are managed with discretion; $12.5M across 1 account is not. A wrap fee program the firm both sponsors and manages holds $131M. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 44% | 5% |
| High-net-worth individuals | 42% | 71% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 4% | 3% |
| Charitable organizations | 2% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | 8% | 20% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 85 | $24.6M | 5.3% | $289K |
| High-net-worth individuals | 80 | $325M | 70.7% | $4.06M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | 8 | $15.4M | 3.3% | $1.92M |
| Charitable organizations | Fewer than 5 | $2.74M | 0.6% | $685K |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 15 | $91.8M | 20.0% | $6.12M |
| Total | 192 | $459M | 100% | — |
- Clients
- 85
- Regulatory AUM
- $24.6M
- AUM share
- 5.3%
- Avg. per client
- $289K
- Clients
- 80
- Regulatory AUM
- $325M
- AUM share
- 70.7%
- Avg. per client
- $4.06M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 8
- Regulatory AUM
- $15.4M
- AUM share
- 3.3%
- Avg. per client
- $1.92M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.74M
- AUM share
- 0.6%
- Avg. per client
- $685K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 15
- Regulatory AUM
- $91.8M
- AUM share
- 20.0%
- Avg. per client
- $6.12M
Total
- Clients
- 192
- Regulatory AUM
- $459M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Blake Schutter Theil Wealth Advisors charges up to 2.50% a year for its Managed Discretionary Asset Fees. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Project and ongoing fee mutually agreed in advance, based on net worth, income and complexity, billed monthly or quarterly as work is performed.
- Managed non-discretionary asset fees
- An annual investment management fee of up to 2.50% of the market value of non-discretionary managed assets.
Blake Schutter Theil Holdings, LLC owns 75% or more of Blake Schutter Theil Wealth Advisors and is in turn owned by Mark Schutter (25–50%), Edward Blake (25–50%) and Matthew Theil (25–50%). The leadership team of Blake Schutter Theil Wealth Advisors includes Chief Compliance Officer Tori Haskell. It has 6 employees, 4 of them in advisory roles.
Leadership
- Tori HaskellChief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Blake Schutter Theil Wealth Advisors, LLC
Blake Schutter Theil Holdings, LLC
since July 2024
- Owns 25% to 50% of Blake Schutter Theil Holdings, LLC
Mark Schutter
Control person · since July 2024
- Owns 25% to 50% of Blake Schutter Theil Holdings, LLC
Edward Blake
Control person · since July 2024
- Owns 25% to 50% of Blake Schutter Theil Holdings, LLC
Matthew Theil
Control person · since July 2024
- Owns 5% to 10% of Blake Schutter Theil Wealth Advisors, LLC
Tori Haskell
Control person · since January 2026
Blake Schutter Theil Wealth Advisors’ regulatory assets grew 2.5× from $181M (March 2021) to $459M (March 2026); clients rose from 23 to 192 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $459M | 192 | 6 | 1 |
| March 2025 | $463M | 176 | 5 | 1 |
| July 2024 | $182M | 49 | 5 | 1 |
| June 2023 | $196M | 44 | 5 | 1 |
| March 2022 | $213M | 29 | 5 | 1 |
| March 2021 | $181M | 23 | 5 | 1 |
Besides its headquarters, Blake Schutter Theil Wealth Advisors has 0 offices, with 1 listed address in Ohio.
Ohio · 1 listed address
- 7777 Washington Village DR., Suite 120, DaytonHQ
Contact and registration details
- Legal name
- Blake Schutter Theil Wealth Advisors, LLC
- Headquarters
- 7777 Washington Village DR., Suite 120, Dayton, OH 45459
- Website
- bstwealthadvisors.com
- Phone
- 937-956-7875
- SEC file
- 801-117244
- Structure
- Ohio LLC
- Fiscal year end
- December
Blake Schutter Theil Wealth Advisors uses Fidelity ($247M, 54%) and Charles Schwab ($213M, 46%) as custodians for its separately managed accounts. Blake Schutter Theil Wealth Advisors has custody of $70.9M in client assets for 8 clients.
- Charles SchwabCharles Schwab & Co., Inc. · West Lake, TX · $213M46%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $247M54%
At year end, Blake Schutter Theil Wealth Advisors’ separately managed accounts were mostly in funds (65%) and bonds (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $148M across 110 positions; the largest are Fidelity Covington Trust (12.9%), Schwab Strategic TR (6.6%) and Vanguard Star Fds (6.1%).
What the accounts hold
- Stocks10%
- Funds65%
- Bonds15%
- Investment grade corporate bonds8%
- State and local bonds4%
- U.S. government and agency bonds3%
- Cash10%
Reported 13F holdings
- $148M
- Reported 13F value
- 110
- Positions
- 50.6%
- In the 10 largest
- +20.5%
- Value vs. prior quarter
- Fidelity Covington Trust · Enhanced Large12.9%
- Schwab Strategic TR · Int-trm U.s Tres6.6%
- Vanguard Star Fds · VG TL Intl Stk F6.1%
- Schwab Strategic TR · 1000 Index ETF4.6%
- Vanguard Whitehall Fds · High Div Yld4.0%
- iShares TR · Core S&P Mcp ETF4.0%
- iShares TR · Core Divid ETF3.9%
- iShares TR · Core High DV ETF3.7%
- Vanguard Intl Equity Index F · Allwrld EX US2.5%
- Apple Inc.2.4%
Together, the ten largest are 50.6% of reported value.
How many clients does Blake Schutter Theil Wealth Advisors have?
Blake Schutter Theil Wealth Advisors has 192 clients and manages $459 million for them, as of March 2026. They include 85 individual clients, 80 high-net-worth individuals, and 15 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Blake Schutter Theil Wealth Advisors offer?
Blake Schutter Theil Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Blake Schutter Theil Wealth Advisors charge?
Blake Schutter Theil Wealth Advisors charges up to 2.50% a year for its Managed Discretionary Asset Fees.
Which custodians does Blake Schutter Theil Wealth Advisors use?
Blake Schutter Theil Wealth Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $247M and Charles Schwab & Co., Inc. (West Lake, TX), with $213M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Blake Schutter Theil Wealth Advisors have?
Blake Schutter Theil Wealth Advisors has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 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 Blake Schutter Theil Wealth Advisors invest in?
At the end of its last fiscal year, Blake Schutter Theil Wealth Advisors’ separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 10% cash and equivalents, 8% investment grade corporate bonds, 4% state and local bonds and 3% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Blake Schutter Theil Wealth Advisors?
Blake Schutter Theil Wealth Advisors is owned through a holding company by Mark Schutter, Edward Blake and Matthew Theil. Its direct owners are Blake Schutter Theil Holdings, LLC (75% or more) and Tori Haskell (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Blake Schutter Theil Wealth Advisors get paid?
Blake Schutter Theil Wealth Advisors 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 Blake Schutter Theil Wealth Advisors?
Blake Schutter Theil Wealth Advisors’ main office is at 7777 Washington Village DR., Suite 120, Dayton, OH 45459. Its phone number is 937-956-7875. Its website is bstwealthadvisors.com.