Forvis Mazars Wealth Advisors: AUM & Ownership

Clients

Forvis Mazars Wealth Advisors serves 4,584 clients, 1,898 of them high-net-worth individuals. The average client has about $2.6 million with the firm, and high-net-worth clients hold 83% of its $12 billion in assets.

Regulatory assets by client type

Individuals2,431 clients9%
High-net-worth individuals1,898 clients83%
Charitable organizations139 clients3%
Corporations and other businesses70 clients3%
Pension and profit-sharing plans46 clients2%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	2,431	$1,090,730,935	9.1%	$449K
High-net-worth individuals	1,898	$9,930,301,714	82.7%	$5.23M
Pension and profit-sharing plans	46	$212,889,711	1.8%	$4.63M
Charitable organizations	139	$361,327,475	3.0%	$2.60M
Corporations and other businesses	70	$410,712,565	3.4%	$5.87M
Total	4,584	$12,005,962,400	100%	$2.62M

Individuals (other than HNW)

Clients: 2,431
Regulatory AUM: $1,090,730,935
Share: 9.1%
Avg. per client: $449K

High-net-worth individuals

Clients: 1,898
Regulatory AUM: $9,930,301,714
Share: 82.7%
Avg. per client: $5.23M

Pension and profit-sharing plans

Clients: 46
Regulatory AUM: $212,889,711
Share: 1.8%
Avg. per client: $4.63M

Charitable organizations

Clients: 139
Regulatory AUM: $361,327,475
Share: 3.0%
Avg. per client: $2.60M

Corporations and other businesses

Clients: 70
Regulatory AUM: $410,712,565
Share: 3.4%
Avg. per client: $5.87M

Total

Clients: 4,584
Regulatory AUM: $12,005,962,400
Share: 100%
Avg. per client: $2.62M

What it does

Forvis Mazars Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters and educational seminars. It is paid through a percentage of assets, hourly charges and fixed fees.

Forvis Mazars Wealth Advisors provided financial planning to 2,000 clients last fiscal year and advises no private funds.

98.5% of assets ($11.82B across 13,941 accounts) are managed with discretion; $182.2M across 103 accounts are not. 0% of clients are outside the U.S., and 113 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks13%
Funds78%
Bonds5%
- State and local bonds4%
- U.S. government and agency bonds1%
Cash4%

Custodians

Forvis Mazars Wealth Advisors’ client accounts are held mainly at Charles Schwab, with 92% of managed assets. Forvis Mazars Wealth Advisors has custody of $3.55B for 2,082 clients.

Managed account assets by custodian

Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $11.07B92%
All other custodians$938.6M8%

Ownership and leadership

Forvis Mazars, LLP owns 75% or more of Forvis Mazars Wealth Advisors.

Who owns the firm

Forvis Mazars Wealth Advisors, LLC· the adviser

Forvis Mazars, LLP
Control person · since May 1998
Owns 75% or more of Forvis Mazars Wealth Advisors, LLC

Leadership

Nicole Conklin
Chief Compliance Officer
Jeffrey Layman
Chief Investment Officer
Holly Pantzer
Managing Partner
William Sneed
Regional Sector Leader

Staff

124 employees
82 in advisory functions
82 state-registered reps
5 insurance agents

Reported holdings

Forvis Mazars Wealth Advisors’ reported 13F holdings total $5.99B across 433 positions, and the ten largest make up 63.6% of it.

$5.99B
Reported 13F value: 433
Positions: 63.6%
In the 10 largest: +13.7%
Value vs. prior quarter

Ten largest positions, share of reported value

Vanguard Index Fds · Total Stk Mkt31.3%
Vanguard Intl Equity Index F · Allwrld EX US10.7%
J P Morgan Exchange Traded F · Hedg Equ Lad ETF3.8%
Vanguard Malvern Fds · Core BD ETF3.0%
Schwab Strategic TR · US Brd Mkt ETF3.0%
iShares TR · Core US Aggbd ET2.6%
Vanguard Index Fds · S&P 500 ETF Shs2.4%
T Rowe Price Exchange-traded · US Equi Resh ETF2.4%
Fidelity Merrimack Str TR · Total BD ETF2.3%
Dimensional ETF Trust · Emerging Mkts CO2.2%

Together, the ten largest are 63.6% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 10 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $5.99B is not its $12.01B in regulatory assets and does not represent any individual client's portfolio.

Fees

Forvis Mazars Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).

Forvis Mazars Wealth Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Forvis Mazars Wealth Advisors has 65 offices, with 26 listed addresses across 12 states.

Listed office addresses by state

Missouri · 3 listed addresses

910 East ST Louis ST, SpringfieldHQ
1201 Walnut, Kansas City
211 N. Broadway, ST. Louis

Other business names

Forvis Mazars Wealth Advisors has reported 2 other business names to the SEC.

Forvis Mazars Private Client
Forvis Mazars Wealth Advisors

Registration details

Legal name: Forvis Mazars Wealth Advisors, LLC
Headquarters: 910 East ST Louis ST, Springfield, MO 65806
Phone: 417-831-7283
Website: www.forvismazars.us
SEC file: 801-56928
Structure: Missouri LLC
Fiscal year end: May

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Forvis Mazars Wealth Advisors have?

Forvis Mazars Wealth Advisors has 4,584 clients and manages $12 billion for them, as of August 2026. They include 2,431 other individuals, 1,898 high-net-worth individuals and 139 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026

What services does Forvis Mazars Wealth Advisors offer?

Forvis Mazars Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters and educational seminars.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Forvis Mazars Wealth Advisors use?

Forvis Mazars Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $11,067,387,962. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026

How many financial advisors does Forvis Mazars Wealth Advisors have?

Forvis Mazars Wealth Advisors has 82 investment adviser representatives registered with state securities authorities, out of 124 employees, and 82 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 5 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 Forvis Mazars Wealth Advisors invest in?

At the end of its last fiscal year, Forvis Mazars Wealth Advisors’ separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 4% state and local bonds, 4% cash and equivalents and 1% U.S. government and agency bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Forvis Mazars Wealth Advisors?

Forvis Mazars Wealth Advisors’ direct owner is Forvis Mazars, LLP (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 25 August 2026

How does Forvis Mazars Wealth Advisors get paid?

Forvis Mazars 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