{"url":"https://nivawealth.com/firms/hobbs-wealth-management-325374","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/325374","regulatoryAum":146673348,"crd":"325374","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5004505","suffix":null,"lastName":"HOBBS","firstName":"DAVID","middleName":"CHARLES"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-03-14","regulatoryAum":116547005,"clients":193,"employees":2,"offices":1},{"filedOn":"2026-03-04","regulatoryAum":146673348,"clients":194,"employees":6,"offices":1}],"secFileNumber":"801-132062","legalName":"Hobbs Wealth Management, LLC","displayName":"Hobbs Wealth Management","slug":"hobbs-wealth-management-325374","website":"https://hobbswealth.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/325374/f9fef0b0520f421c-r1.webp","tone":"light","width":1186,"height":200,"sourceUrl":"https://www.hobbswealth.com/","sourceLabel":"Hobbs Wealth Management, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Indiana limited liability company","fiscalYearEnd":"December","headquarters":{"street":"75 N. 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Main Street","city":"Zionsville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"317-559-2940","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":28},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":70},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"4 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/325374/PDF/325374.pdf","brochureDate":"26 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012466","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Hobbs Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hobbs Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Hobbs Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Hobbs Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Hobbs Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Hobbs Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Hobbs Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hobbs Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Hobbs Wealth Management registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Hobbs Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 4 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/hobbs-wealth-management-325374/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-06","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2019202/000206336426000267/0002063364-26-000267-index.html","totalValue":118321018,"positionCount":23,"top10Share":0.8589958548193019,"top10":[{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR P500ETF","cusip":"78464A854","value":31094932,"shares":353834,"shareType":"SH","priorValue":15344127,"priorShares":200472},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHARES US EQUIT","cusip":"09290C103","value":12437669,"shares":182880,"shareType":"SH","priorValue":10747882,"priorShares":184735},{"issuer":"ISHARES TR","titleOfClass":"S&P 500 GRWT 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}