Hobbs Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Hobbs Wealth Management reports 194 clients. They include 129 individual clients and 65 high-net-worth individuals. Of its assets, 100.0% ($147M across 631 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 24% |
| High-net-worth individuals | 34% | 76% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 129 | $35.2M | 24.0% | $273K |
| High-net-worth individuals | 65 | $111M | 76.0% | $1.71M |
| Corporations and other businesses | Fewer than 5 | $6K | 0.0% | — |
| Total | 194 | $147M | 100% | — |
- Clients
- 129
- Regulatory AUM
- $35.2M
- AUM share
- 24.0%
- Avg. per client
- $273K
- Clients
- 65
- Regulatory AUM
- $111M
- AUM share
- 76.0%
- Avg. per client
- $1.71M
- Clients
- Fewer than 5
- Regulatory AUM
- $6K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 194
- Regulatory AUM
- $147M
- 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
- 0
- Financial planning clients last fiscal year
- 51–100
Hobbs Wealth Management charges 0.35%–1.45% a year for its Portfolio Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 1.45% |
| $250K–$1M | 1.00% |
| $1M–$3M | 0.70% |
| $3M and above | 0.35% |
Fee details and sources
Other fees
- Financial Planning
- Fixed fee of $2,500 to $10,000, negotiable, or hourly at $450 to $650 depending on complexity.
- Pension Consulting Services
- Annual fee on the same account-value tiers as portfolio management, from 1.45% on the first $250,000 down to 0.35% above $3 million.
David Hobbs owns 75% or more of Hobbs Wealth Management. The leadership team of Hobbs Wealth Management includes Chief Compliance Officer David Hobbs. It has 6 employees, 1 of them in advisory roles.
Leadership
- David HobbsManaging Member and Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Hobbs Wealth Management, LLC
David Hobbs
Control person · since July 2022
Hobbs Wealth Management’s regulatory assets grew from $117M (March 2025) to $147M (March 2026); clients were 194 in both filings and employees rose from 2 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $147M | 194 | 6 | 1 |
| March 2025 | $117M | 193 | 2 | 1 |
Besides its headquarters, Hobbs Wealth Management has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 75 N. Main Street, ZionsvilleHQ
Contact and registration details
- Legal name
- Hobbs Wealth Management, LLC
- Headquarters
- 75 N. Main Street, Zionsville, IN 46077
- Website
- hobbswealth.com
- Phone
- 317-559-2940
- SEC file
- 801-132062
- Structure
- Indiana LLC
- Fiscal year end
- December
Hobbs Wealth Management uses Charles Schwab ($117M) as custodian for its separately managed accounts. Hobbs Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $117M100%
At year end, Hobbs Wealth Management’s separately managed accounts were mostly in funds (70%) and stocks (28%). Its reported 13F holdings for the quarter ended 30 June 2026 total $118M across 23 positions; the largest are SPDR Series Trust (26.3%), Blackrock ETF Trust (10.5%) and iShares TR (9.6%).
What the accounts hold
- Stocks28%
- Funds70%
- Bonds1%
- Cash2%
Reported 13F holdings
- $118M
- Reported 13F value
- 23
- Positions
- 85.9%
- In the 10 largest
- +17.1%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500etf26.3%
- Blackrock ETF Trust · iShares US Equit10.5%
- iShares TR · S&P 500 Grwt ETF9.6%
- iShares TR · S&P 500 Val ETF9.5%
- Blackrock ETF Trust · Isha IN Ctry ETF7.0%
- iShares TR · MSCI Acwi EX US6.4%
- Blackrock ETF Trust · Isha I IN TE ETF5.5%
- Invesco Exch Traded FD TR II · S&P 500 Momntm4.3%
- Blackrock ETF Trust · Isha LA Core ETF3.5%
- Global X Fds · Defense Tech ETF3.3%
Together, the ten largest are 85.9% of reported value.
How many clients does Hobbs Wealth Management have?
Hobbs Wealth Management has 194 clients and manages $147 million for them, as of March 2026. They include 129 individual clients and 65 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026
What services does Hobbs Wealth Management offer?
Hobbs Wealth Management provides financial planning, portfolio management for individuals and small businesses, 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 Hobbs Wealth Management charge?
Hobbs Wealth Management charges 0.35%–1.45% a year for its Portfolio Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A - HOBBS WEALTH MANAGEMENT LLC, filed 26 February 2026
Which custodians does Hobbs Wealth Management use?
Hobbs Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $117M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 March 2026
How many financial advisors does Hobbs Wealth Management have?
Hobbs Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 6 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Hobbs Wealth Management invest in?
At the end of its last fiscal year, Hobbs Wealth Management’s separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 28% exchange-traded equities, 2% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Hobbs Wealth Management?
Hobbs Wealth Management’s direct owner is David Hobbs (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 4 March 2026
How does Hobbs Wealth Management get paid?
Hobbs 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 Hobbs Wealth Management registered with the SEC?
Yes, Hobbs Wealth Management has been registered with the SEC as an investment adviser since 28 February 2025. Its CRD number is 325374 and its SEC file number is 801-132062.
Source: Form ADV Part 1A, Item 1, filed 4 March 2026; IAPD firm record
How do I contact Hobbs Wealth Management?
Hobbs Wealth Management’s main office is at 75 N. Main Street, Zionsville, IN 46077. Its phone number is 317-559-2940. Its website is hobbswealth.com.