Endowment Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, selecting other managers, educational seminars, and family office services. Financial planning was provided to 26–50 clients last fiscal year. The firm advises 11 private funds.
Endowment Wealth Management reports 491 clients. They include 326 individual clients, 145 high-net-worth individuals and 11 pooled investment vehicles. Of its assets, 66.1% ($403M across 2,401 accounts) are managed with discretion; $207M across 656 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 26% |
| High-net-worth individuals | 30% | 57% |
| Pooled investment vehicles | 2% | 15% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | 1% |
| 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) | 326 | $158M | 25.9% | $484K |
| High-net-worth individuals | 145 | $346M | 56.9% | $2.39M |
| Pooled investment vehicles | 11 | $93.5M | 15.3% | $8.5M |
| Pension and profit-sharing plans | 4 | $3.61M | 0.6% | $903K |
| Charitable organizations | 4 | $6.63M | 1.1% | $1.66M |
| Corporations and other businesses | Fewer than 5 | $1.17M | 0.2% | $1.17M |
| Total | 491 | $609M | 100% | — |
- Clients
- 326
- Regulatory AUM
- $158M
- AUM share
- 25.9%
- Avg. per client
- $484K
- Clients
- 145
- Regulatory AUM
- $346M
- AUM share
- 56.9%
- Avg. per client
- $2.39M
- Clients
- 11
- Regulatory AUM
- $93.5M
- AUM share
- 15.3%
- Avg. per client
- $8.5M
- Clients
- 4
- Regulatory AUM
- $3.61M
- AUM share
- 0.6%
- Avg. per client
- $903K
- Clients
- 4
- Regulatory AUM
- $6.63M
- AUM share
- 1.1%
- Avg. per client
- $1.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.17M
- AUM share
- 0.2%
- Avg. per client
- $1.17M
Total
- Clients
- 491
- Regulatory AUM
- $609M
- 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
- 11
- Financial planning clients last fiscal year
- 26–50
Endowment Wealth Management charges 0.40%–1.00% a year for its Asset-Based Advisory Fees. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Fees
- Financial planning is billed as a fixed fee or at an hourly rate of $350, with total fees generally ranging from $1,000 to $3,500.
Robert Riedl is CEO; the leadership team includes President Prateek Mehrotra and Chief Compliance Officer Timothy Landolt. It has 14 employees, 10 of them in advisory roles.
Staff
- 14 employees
- 10 in advisory functions
- 10 state-registered reps
- 1 soliciting firm
- Owns 10% to 25% of Endowment Wealth Management, Inc.
0913, LLC
since September 2013
- Owns 75% or more of 0913, LLC
Todd Thiel
Control person · since November 2013
- Owns 10% to 25% of Endowment Wealth Management, Inc.
Larry L. Rice and Nancy E. Rice Joint Revocable Living Trust
since May 2016
- Owns 50% to 75% of Larry L. Rice and Nancy E. Rice Joint Revocable Living Trust
Larry Rice
Control person · since December 2012
- Owns 10% to 25% of Endowment Wealth Management, Inc.
Larry L. Rice and Nancy E. Rice
since May 2016
- Owns 10% to 25% of Endowment Wealth Management, Inc.
The Riedl Family Revocable Trust
since November 2025
- Owns 50% to 75% of The Riedl Family Revocable Trust
Robert Riedl
Control person · since August 2025
- Owns 50% to 75% of The Riedl Family Revocable Trust
Debra Riedl
Control person · since August 2025
- Owns 10% to 25% of Endowment Wealth Management, Inc.
The Riedl Family Revocable
since November 2025
- Owns 10% to 25% of Endowment Wealth Management, Inc.
Prateek Mehrotra & Richa Mehrotra Joint Revocable Living Trust
since November 2025
- Owns 50% to 75% of Prateek Mehrotra & Richa Mehrotra Joint Revocable Living Trust
Prateek Mehrotra
Control person · since November 2025
- Owns 50% to 75% of Prateek Mehrotra & Richa Mehrotra Joint Revocable Living Trust
Richa Mehrotra
Control person · since November 2025
- Owns 10% to 25% of Endowment Wealth Management, Inc.
Prateek Mehrotra & Richa
since November 2025
- Owns 5% to 10% of Endowment Wealth Management, Inc.
Wendy Orth
since December 2015
- Owns 5% to 10% of Endowment Wealth Management, Inc.
Othmar Group, LLC
since September 2013
- Owns 75% or more of Othmar Group, LLC
Paul Gehl
Control person · since February 2000
- Owns 5% to 10% of Endowment Wealth Management, Inc.
Stephenson Family Limited Partnership LP
since December 2021
- Owns 25% to 50% of Stephenson Family Limited Partnership LP
Roland Stephenson
Control person · since November 2021
- Owns 25% to 50% of Stephenson Family Limited Partnership LP
Sue Stephenson
Control person · since November 2021
- Owns 5% to 10% of Endowment Wealth Management, Inc.
Stephenson Family Limited
since December 2021
Endowment Wealth Management’s regulatory assets grew 2.7× from $230M (June 2021) to $609M (July 2026); clients rose from 198 to 491 and employees from 8 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $609M | 491 | 14 | 7 |
| Jul 2025July 2025 | $428M | 397 | 13 | 7 |
| Jun 2024June 2024 | $354M | 311 | 12 | 6 |
| Jun 2023June 2023 | $296M | 277 | 12 | 6 |
| Jun 2022June 2022 | $295M | 260 | 10 | 6 |
| Jun 2021June 2021 | $230M | 198 | 8 | 5 |
Besides its headquarters, Endowment Wealth Management has 6 offices (1 private residence, listed without an address), with 6 listed addresses across 3 states.
Wisconsin · 4 listed addresses
- W6272 Communication Court, AppletonHQ
- 2810 Crossroads Drive, Madison
- 200 South Executive Drive, Brookfield
- 230 Riverside DR, Green Bay
Illinois · 1 listed address
- 875 N. Michigan Avenue, Chicago
South Carolina · 1 listed address
- 110 Traders Cross, Hilton Head
Contact and registration details
- Legal name
- Endowment Wealth Management, Inc.
- Headquarters
- W6272 Communication Court, Appleton, WI 54914-8531
- Website
- endowmentwm.com
- Phone
- 920-785-6010
- SEC file
- 801-112413
- Founded
- 1996
- Structure
- Wisconsin corporation
- Fiscal year end
- December
Endowment Wealth Management’s named custodian for separately managed accounts is Fidelity ($455M). Endowment Wealth Management has custody of $162M for 218 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $455M100%
At year end, Endowment Wealth Management’s separately managed accounts were mostly in stocks (56%) and funds (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $259M across 181 positions; the largest are iShares TR (6.0%), Invesco Exchange Traded FD T (5.0%) and Vanguard Index Fds (4.6%).
What the accounts hold
- Stocks56%
- Funds37%
- Pooled vehicles26%
- Registered funds11%
- Bonds1%
- Cash6%
How many clients does Endowment Wealth Management have?
Endowment Wealth Management has 491 clients and manages $609 million for them, as of July 2026. They include 326 individual clients, 145 high-net-worth individuals and 11 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 July 2026
What services does Endowment Wealth Management offer?
Endowment Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, selecting other managers, educational seminars, and family office services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Endowment Wealth Management charge?
Endowment Wealth Management charges 0.40%–1.00% a year for its Asset-Based Advisory Fees.
Source: ENDOWMENT WEALTH MANAGEMENT, INC. ADV BROCHURE, filed 30 March 2026
Which custodians does Endowment Wealth Management use?
Endowment Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $455M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 July 2026
How many financial advisors does Endowment Wealth Management have?
Endowment Wealth Management has 10 investment adviser representatives registered with state securities authorities, out of 14 employees, and 10 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 Endowment Wealth Management invest in?
At the end of its last fiscal year, Endowment Wealth Management’s separately managed accounts held 56% exchange-traded equities, 26% pooled vehicles (private funds and similar), 11% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents and 1% state and local bonds. It advises 11 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Endowment Wealth Management?
Endowment Wealth Management is owned through trusts and holding companies by Todd Thiel, Roland and Sue Stephenson, Larry Rice, Paul Gehl, Robert and Debra Riedl, and Prateek and Richa Mehrotra. Its direct owners are Wendy Orth, 0913, LLC, Othmar Group, LLC, Larry L. Rice and Nancy E. Rice Joint Revocable Living Trust, Larry L. Rice and Nancy E. Rice, Stephenson Family Limited Partnership LP, Stephenson Family Limited, the Riedl Family Revocable Trust, the Riedl Family Revocable, Prateek Mehrotra & Richa Mehrotra Joint Revocable Living Trust, and Prateek Mehrotra & Richa, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 6 July 2026
How does Endowment Wealth Management get paid?
Endowment Wealth Management is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions 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 Endowment Wealth Management?
Endowment Wealth Management’s main office is at W6272 Communication Court, Appleton, WI 54914-8531. Its phone number is 920-785-6010. Its website is endowmentwm.com.