FSB Premier Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 26–50 clients last fiscal year.
FSB Premier Wealth Management reports 934 clients. They include 778 individual clients, 116 high-net-worth individuals, and 26 corporations and other businesses. Of its assets, 100.0% ($432M across 2,130 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 83% | 38% |
| High-net-worth individuals | 12% | 59% |
| Charitable organizations | 1% | 2% |
| Corporations and other businesses | 3% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 778 | $163M | 37.8% | $210K |
| High-net-worth individuals | 116 | $253M | 58.5% | $2.18M |
| Charitable organizations | 14 | $7.82M | 1.8% | $559K |
| Corporations and other businesses | 26 | $7.91M | 1.8% | $304K |
| Total | 934 | $432M | 100% | $462K |
- Clients
- 778
- Regulatory AUM
- $163M
- AUM share
- 37.8%
- Avg. per client
- $210K
- Clients
- 116
- Regulatory AUM
- $253M
- AUM share
- 58.5%
- Avg. per client
- $2.18M
- Clients
- 14
- Regulatory AUM
- $7.82M
- AUM share
- 1.8%
- Avg. per client
- $559K
- Clients
- 26
- Regulatory AUM
- $7.91M
- AUM share
- 1.8%
- Avg. per client
- $304K
Total
- Clients
- 934
- Regulatory AUM
- $432M
- AUM share
- 100%
- Avg. per client
- $462K
- 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
- 26–50
FSB Premier Wealth Management charges 1.25%–2.00% a year for its AUM Advisory Fee. The whole portfolio is charged at the rate of its band. The fee is billed in advance, is negotiable and has a $500 annual minimum. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$100K | 2.00% |
| $100K–$500K | 1.50% |
| $500K and above | 1.25% |
Fee details and sources
Other fees
- Consulting services
- No standard fee for consulting; the ERISA Fee-Based Plan Sponsor Program has a maximum annual fee of 1.5%.
- Financial planning
- Financial planning is a flat fee or an hourly fee of $250 to $300 an hour, negotiable; half is payable on signing the agreement.
FSB Financial Services Inc owns 75% or more of FSB Premier Wealth Management and is in turn owned by Rodney Lawrence Duroe (25–50%). The leadership team of FSB Premier Wealth Management includes President Ryan J Risetter. It has 12 employees, 10 of them in advisory roles.
Leadership
- Ryan J RisetterCEO/President, Director
- Rodney Lawrence DuroeCFO, FINOP, Chairman, Director
- Jason Thomas HoschOutside Director
- Jacob Kanon MyrvikCCO
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Tiffany Jo Coffin
- Rodney Lawrence Duroe
- Robert Charles Hansen
- Stephanie M Holding
- Jacob Kanon Myrvik
- Ryan J Risetter
- Benjamin L Saak
- Abigail Kristine Sears
- Nolan Tyler Tomlinson
- Alexander James Vlach
Staff
- 12 employees
- 10 in advisory functions
- 10 state-registered reps
- 11 broker-dealer reps
- 11 insurance agents
- Owns 75% or more of FSB Premier Wealth Management, Inc.
FSB Financial Services Inc
Control person · since January 2009
- Owns 25% to 50% of FSB Financial Services Inc
Rodney Lawrence Duroe
Control person · since July 2021
FSB Premier Wealth Management’s regulatory assets grew 1.8× from $245M (July 2021) to $432M (March 2026); clients rose from 792 to 934 and employees from 11 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $432M | 934 | 12 | 4 |
| March 2025 | $347M | 833 | 14 | 6 |
| March 2024 | $294M | 782 | 13 | 7 |
| April 2023 | $241M | 755 | 12 | 7 |
| March 2022 | $274M | 678 | 12 | 7 |
| July 2021 | $245M | 792 | 11 | 7 |
Besides its headquarters, FSB Premier Wealth Management has 3 offices, with 4 listed addresses in Iowa.
Iowa · 4 listed addresses
- 131 Tower Park Drive Suite 115, WaterlooHQ
- 9750 University Avenue, West Des Moines
- 2101 4th Street SW, Waverly
- 515 Main Street Suite A, Cedar Falls
Contact and registration details
- Legal name
- FSB Premier Wealth Management, Inc.
- Headquarters
- 131 Tower Park Drive Suite 115, Waterloo, IA 50701
- Website
- fsbpremier.com
- Phone
- 319-235-6561
- SEC file
- 801-111084
- Structure
- Nebraska corporation
- Fiscal year end
- December
FSB Premier Wealth Management uses Charles Schwab ($432M) as custodian for its separately managed accounts. FSB Premier Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · El Paso, TX · $432M100%
At year end, FSB Premier Wealth Management’s separately managed accounts were mostly in funds (56%) and stocks (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $355M across 257 positions; the largest are Vanguard S&P 500 ETF (5.0%), State Street SPDR Portfolio S&P 500 ETF (3.1%) and Vanguard FTSE Developed Markets Index Fund ETF Shares (2.6%).
What the accounts hold
- Stocks35%
- Funds56%
- Cash3%
- Other6%
- Derivatives6%
Reported 13F holdings
- $355M
- Reported 13F value
- 257
- Positions
- 24.4%
- In the 10 largest
- +11.2%
- Value vs. prior quarter
- Vanguard S&P 500 ETF · Uit Exchange Traded5.0%
- State Street SPDR Portfolio S&P 500 ETF · Uit Exchange Traded3.1%
- Vanguard FTSE Developed Markets Index Fund ETF Shares · Uit Exchange Traded2.6%
- First Trust Core Investment Grade ETF · Uit Exchange Traded2.3%
- Berkshire Hathaway Class B2.2%
- Deere & CO2.0%
- Applied Matls Inc.2.0%
- Alphabet Inc. Class C1.8%
- First Trust Smid Cap Rising Dividend Achievers ETF · Uit Exchange Traded1.8%
- State Street SPDR Portfolio Developed World Ex-us ETF · Uit Exchange Traded1.7%
Together, the ten largest are 24.4% of reported value.
How many clients does FSB Premier Wealth Management have?
FSB Premier Wealth Management has 934 clients and manages $432 million for them, as of March 2026. They include 778 individual clients, 116 high-net-worth individuals, and 26 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does FSB Premier Wealth Management offer?
FSB Premier Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does FSB Premier Wealth Management charge?
FSB Premier Wealth Management charges 1.25%–2.00% a year for its AUM Advisory Fee. The whole portfolio is charged at the rate of its band. The fee is billed in advance, is negotiable and has a $500 annual minimum.
Source: FSB PREMIER WEALTH MANAGEMENT BROCHURE (PART 2A OF FORM ADV), filed 27 March 2026
Which custodians does FSB Premier Wealth Management use?
FSB Premier Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (El Paso, TX), with $432M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does FSB Premier Wealth Management have?
FSB Premier Wealth Management has 10 investment adviser representatives registered with state securities authorities, out of 12 employees, and 10 perform investment advisory functions. 11 employees are registered representatives of a broker-dealer and 11 employees 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 FSB Premier Wealth Management invest in?
At the end of its last fiscal year, FSB Premier Wealth Management’s separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 35% exchange-traded equities, 6% derivatives and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns FSB Premier Wealth Management?
FSB Premier Wealth Management is owned through a holding company by Rodney Lawrence Duroe. Its direct owner is FSB Financial Services Inc (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does FSB Premier Wealth Management get paid?
FSB Premier Wealth Management 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
Is FSB Premier Wealth Management registered with the SEC?
Yes, FSB Premier Wealth Management has been registered with the SEC as an investment adviser since 1 September 2017. Its CRD number is 15898 and its SEC file number is 801-111084.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact FSB Premier Wealth Management?
FSB Premier Wealth Management’s main office is at 131 Tower Park Drive Suite 115, Waterloo, IA 50701. Its phone number is 319-235-6561. Its website is fsbpremier.com.