Instrumental Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Instrumental Wealth reports 573 clients. They include 452 individual clients, 116 high-net-worth individuals, and 3 corporations and other businesses. Of its assets, 99.9% ($507M across 2,126 accounts) are managed with discretion; $700K across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 28% |
| High-net-worth individuals | 20% | 69% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 452 | $141M | 27.8% | $313K |
| High-net-worth individuals | 116 | $350M | 69.0% | $3.02M |
| Pension and profit-sharing plans | Fewer than 5 | $471K | 0.1% | $471K |
| Charitable organizations | Fewer than 5 | $4.28M | 0.8% | $4.28M |
| Corporations and other businesses | Fewer than 5 | $11.5M | 2.3% | $3.83M |
| Total | 573 | $508M | 100% | — |
- Clients
- 452
- Regulatory AUM
- $141M
- AUM share
- 27.8%
- Avg. per client
- $313K
- Clients
- 116
- Regulatory AUM
- $350M
- AUM share
- 69.0%
- Avg. per client
- $3.02M
- Clients
- Fewer than 5
- Regulatory AUM
- $471K
- AUM share
- 0.1%
- Avg. per client
- $471K
- Clients
- Fewer than 5
- Regulatory AUM
- $4.28M
- AUM share
- 0.8%
- Avg. per client
- $4.28M
- Clients
- Fewer than 5
- Regulatory AUM
- $11.5M
- AUM share
- 2.3%
- Avg. per client
- $3.83M
Total
- Clients
- 573
- Regulatory AUM
- $508M
- 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
- 251–500
Instrumental Wealth charges 0.50%–1.50% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$100K | 1.50% |
| $100K–$250K | 1.35% |
| $250K–$500K | 1.25% |
| $500K–$2M | 1.00% |
| $2M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- 529 Account Advisory Fee
- Advisory fees on 529 accounts are a separate flat rate of 1.0%, which may be negotiated.
- Financial Planning and Consulting
- Fixed fees for financial planning and consulting range from $1,000 to $15,000 and are negotiable.
David S. Silver Living Revocable Trust owns 75% or more of Instrumental Wealth. David Silver is CEO; the leadership team includes Chief Investment Officer Matthew Harbert. It has 12 employees, 5 of them in advisory roles.
Leadership
David SilverChief Executive Officer, Chief Compliance Officer
Matthew HarbertChief Investment Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 12 employees
- 5 in advisory functions
- 5 state-registered reps
- 4 insurance agents
- Owns 75% or more of Instrumental Wealth, LLC
David S. Silver Living Revocable Trust
since October 2020
David Silver
Trustee · Control person · since October 2020
Instrumental Wealth’s regulatory assets grew 3.8× from $133M (January 2021) to $508M (March 2026); clients rose from 355 to 573 and employees from 6 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $508M | 573 | 12 | 2 |
| June 2025 | $397M | 568 | 10 | 1 |
| March 2024 | $345M | 606 | 9 | 1 |
| April 2023 | $282M | 590 | 9 | 2 |
| April 2022 | $194M | 521 | 9 | 2 |
| January 2021 | $133M | 355 | 6 | 1 |
Besides its headquarters, Instrumental Wealth has 1 office (1 private residence, listed without an address), with 1 listed address in Florida.
Florida · 1 listed address
- 1 N Dale Mabry Hwy., Ste #1000, TampaHQ
Contact and registration details
- Legal name
- Instrumental Wealth, LLC
- Headquarters
- 1 N Dale Mabry Hwy., Ste #1000, Tampa, FL 33609
- Website
- instrumentalwealth.com
- Phone
- 813-578-7001
- @instrumentalwealth
- SEC file
- 801-119577
- Structure
- Delaware LLC
- Fiscal year end
- December
Instrumental Wealth uses Fidelity ($443M) as custodian for its separately managed accounts. Instrumental Wealth has custody of $108M in client assets for 154 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $443M100%
At year end, Instrumental Wealth’s separately managed accounts were mostly in funds (71%) and cash (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $198M across 89 positions; the largest are iShares TR (13.6%), iShares TR (13.6%) and iShares TR (12.2%).
What the accounts hold
- Stocks9%
- Exchange-traded equities8%
- Non-exchange-traded equities1%
- Funds71%
- Bonds5%
- State and local bonds3%
- Investment grade corporate bonds2%
- Cash10%
- Other5%
- Variable insurance/annuity sub accounts5%
Reported 13F holdings
- $198M
- Reported 13F value
- 89
- Positions
- 74.5%
- In the 10 largest
- +21.4%
- Value vs. prior quarter
- iShares TR · Core S&P Mcp ETF13.6%
- iShares TR · S&P 500 Grwt ETF13.6%
- iShares TR · Core MSCI Eafe12.2%
- iShares TR · S&P 500 Val ETF8.6%
- iShares TR · Core S&P500 ETF7.2%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt5.8%
- iShares TR · Ibonds Dec 20335.5%
- iShares TR · Rus 2000 Val ETF3.4%
- iShares TR · Rus 2000 Grw ETF2.6%
- Nvidia Corporation1.9%
Together, the ten largest are 74.5% of reported value.
How many clients does Instrumental Wealth have?
Instrumental Wealth has 573 clients and manages $508 million for them, as of March 2026. They include 452 individual clients, 116 high-net-worth individuals, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 March 2026
What services does Instrumental Wealth offer?
Instrumental Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, retirement plan services, and tax planning.
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 Instrumental Wealth charge?
Instrumental Wealth charges 0.50%–1.50% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance.
Source: DISCLOSURE BROCHURE FOR INSTRUMENTAL WEALTH, LLC, filed 28 March 2026
Which custodians does Instrumental Wealth use?
Instrumental Wealth’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $443M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 March 2026
How many financial advisors does Instrumental Wealth have?
Instrumental Wealth has 5 investment adviser representatives registered with state securities authorities, out of 12 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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 Instrumental Wealth invest in?
At the end of its last fiscal year, Instrumental Wealth’s separately managed accounts held 71% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 8% exchange-traded equities, 5% other, 3% state and local bonds, 2% investment grade corporate bonds and 1% non-exchange-traded equities. The 5% other category is described as: Variable Insurance/Annuity Sub Accounts.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Instrumental Wealth?
Instrumental Wealth’s direct owner is David S. Silver Living Revocable Trust (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 March 2026
How does Instrumental Wealth get paid?
Instrumental Wealth is paid through a percentage of assets under management 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 Instrumental Wealth registered with the SEC?
Yes, Instrumental Wealth has been registered with the SEC as an investment adviser since 2 October 2020. Its CRD number is 310788 and its SEC file number is 801-119577.
Source: Form ADV Part 1A, Item 1, filed 28 March 2026; IAPD firm record
How do I contact Instrumental Wealth?
Instrumental Wealth’s main office is at 1 N Dale Mabry Hwy., Ste #1000, Tampa, FL 33609. Its phone number is 813-578-7001. Its website is instrumentalwealth.com.