Klaas Financial Asset Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, educational seminars, education planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 1,000 clients last fiscal year.
Klaas Financial Asset Advisors reports 1,015 clients. They include 812 individual clients and 203 high-net-worth individuals. Of its assets, 100.0% ($758M across 2,687 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $2.27B. It advised 116 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 80% | 48% |
| High-net-worth individuals | 20% | 52% |
| Charitable organizations | Fewer than 5 | <1% |
| 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) | 812 | $365M | 48.2% | $450K |
| High-net-worth individuals | 203 | $392M | 51.6% | $1.93M |
| Charitable organizations | Fewer than 5 | $100K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $1.1M | 0.1% | — |
| Total | 1,015 | $758M | 100% | — |
- Clients
- 812
- Regulatory AUM
- $365M
- AUM share
- 48.2%
- Avg. per client
- $450K
- Clients
- 203
- Regulatory AUM
- $392M
- AUM share
- 51.6%
- Avg. per client
- $1.93M
- Clients
- Fewer than 5
- Regulatory AUM
- $100K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.1M
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 1,015
- Regulatory AUM
- $758M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 116
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1000
Klaas Financial Asset Advisors charges 0.30%–1.20% a year for its KIP Wrap Fee Program. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $1,500 annual minimum. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 1.20% |
| $250K–$500K | 1.10% |
| $500K–$1M | 1.00% |
| $1M–$2M | 0.90% |
| $2M–$3M | 0.80% |
| $3M–$4M | 0.70% |
| $4M–$5M | 0.60% |
| $5M–$10M | 0.50% |
| $10M–$25M | 0.40% |
| $25M–$50M | 0.35% |
| $50M and above | 0.30% |
Fee details and sources
Other fees
- Comprehensive Financial Planning (Klaas 360)
- Monthly fee of $275 for up to $1,500,000 of investable assets plus $75 per month for each additional $500,000, with an initial fee of half the first year's program fees.
- Project-Based Financial Consulting
- Fixed fee set for each project based on complexity; hourly rate of $300 applies if the engagement ends early.
- Tax Preparation Services
- Billed by return complexity under the firm's standard fee schedule, with some forms billed hourly subject to minimum fees; no fixed rate stated.
Craig Klaas owns 25% to 50% of Klaas Financial Asset Advisors. The leadership team of Klaas Financial Asset Advisors includes President Craig Klaas, Chief Investment Officer Joshua Stirling and Chief Operating Officer Stephanie Mowers. It has 15 employees, 13 of them in advisory roles.
Leadership
- Craig KlaasCEO, President, Member
- Stephanie MowersChief Operating Officer
- Rita RhodesChief Compliance Officer
- Joshua StirlingChief Investment Officer, Member
- Kyle KiteCFO, Member
- Eric SchwartzMember
- Nathan BreibyMember
Investment adviser representatives
14 representatives listed in the SEC register as of 9 October 2026.
Staff
- 15 employees
- 13 in advisory functions
- 15 state-registered reps
- 7 insurance agents
- Owns 25% to 50% of Klaas Financial Asset Advisors, LLC.
Craig Klaas
Control person · since January 2014
- Owns 10% to 25% of Klaas Financial Asset Advisors, LLC.
Kyle Kite
Control person · since August 2018
- Owns 5% to 10% of Klaas Financial Asset Advisors, LLC.
Eric Schwartz
since February 2024
- Owns 5% to 10% of Klaas Financial Asset Advisors, LLC.
Joshua Stirling
since February 2024
- Owns 5% to 10% of Klaas Financial Asset Advisors, LLC.
Nathan Breiby
since August 2025
Klaas Financial Asset Advisors’ regulatory assets grew 1.7× from $438M (March 2021) to $758M (May 2026); clients fell from 1,101 to 1,015 and employees were 15 in both filings. In 2018, Nan M. Zimdars joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $758M | 1,015 | 15 | 2 |
| March 2025 | $632M | 971 | 13 | 2 |
| March 2024 | $569M | 965 | 13 | 2 |
| July 2023 | $478M | 1,010 | 13 | 2 |
| March 2022 | $522M | 997 | 14 | 2 |
| March 2021 | $438M | 1,101 | 15 | 2 |
Firms that joined
20181 joined
- Nan M. ZimdarsTeamNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Klaas Financial Asset Advisors has 1 office, with 2 listed addresses in Illinois and Wisconsin.
Illinois · 1 listed address
- 4707 Perry Ridge Lane, Loves ParkHQ
Wisconsin · 1 listed address
- 5951 McKee Road, Fitchburg
Contact and registration details
- Legal name
- Klaas Financial Asset Advisors, LLC.
- Headquarters
- 4707 Perry Ridge Lane, Loves Park, IL 61111
- Website
- klaasfinancial.com
- Phone
- 815-877-8440
- @2181268
- SEC file
- 801-79516
- Structure
- Illinois LLC
- Fiscal year end
- December
Klaas Financial Asset Advisors uses Fidelity ($758M) as custodian for its separately managed accounts. Klaas Financial Asset Advisors does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $758M100%
At year end, Klaas Financial Asset Advisors’ separately managed accounts were mostly in funds (98%). Its reported 13F holdings for the quarter ended 30 June 2026 total $803M across 59 positions; the largest are State Street S&P 500 ETF (28.0%), Dimensional International Core Equity ETF (12.5%) and iShares Mortgage-backed Securities ETF (8.6%).
What the accounts hold
- Funds98%
- Cash2%
Reported 13F holdings
- $803M
- Reported 13F value
- 59
- Positions
- 82.3%
- In the 10 largest
- +10.8%
- Value vs. prior quarter
- State Street S&P 500 ETFETF28.0%
- Dimensional International Core Equity ETFETF12.5%
- iShares Mortgage-backed Securities ETFETF8.6%
- Vanguard Intermediate-term US Treasury ETFETF6.9%
- Vanguard Short-term US Treasury ETFETF5.8%
- Dimensional Emerging Market Equity ETFETF5.6%
- iShares S&P Total U.S. Stock Market ETFETF5.0%
- iShares 1-5 Year Investment Grade Corporate Bond ETFETF3.4%
- iShares 5-10 Year Investment Grade Corporate Bond ETFETF3.3%
- iShares 10 Year Investment Grade Corporate Bond ETFETF3.0%
Together, the ten largest are 82.3% of reported value.
How many clients does Klaas Financial Asset Advisors have?
Klaas Financial Asset Advisors has 1,015 clients and manages $758 million for them, as of May 2026. They include 812 individual clients and 203 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026
What services does Klaas Financial Asset Advisors offer?
Klaas Financial Asset Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, educational seminars, education planning, estate planning, insurance, tax planning, and tax preparation.
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 Klaas Financial Asset Advisors charge?
Klaas Financial Asset Advisors charges 0.30%–1.20% a year for its KIP Wrap Fee Program. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $1,500 annual minimum.
Which custodians does Klaas Financial Asset Advisors use?
Klaas Financial Asset Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $758M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026
How many financial advisors does Klaas Financial Asset Advisors have?
Klaas Financial Asset Advisors has 15 investment adviser representatives registered with state securities authorities, out of 15 employees, and 13 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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 Klaas Financial Asset Advisors invest in?
At the end of its last fiscal year, Klaas Financial Asset Advisors’ separately managed accounts held 98% registered funds (mutual funds, ETFs, BDCs) and 2% 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 Klaas Financial Asset Advisors?
Klaas Financial Asset Advisors’ direct owners are Craig Klaas, Kyle Kite, Eric Schwartz, Joshua Stirling and Nathan Breiby, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 6 May 2026
How does Klaas Financial Asset Advisors get paid?
Klaas Financial Asset Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Klaas Financial Asset Advisors registered with the SEC?
Yes, Klaas Financial Asset Advisors has been registered with the SEC as an investment adviser since 9 April 2014. Its CRD number is 121399 and its SEC file number is 801-79516.
Source: Form ADV Part 1A, Item 1, filed 6 May 2026; IAPD firm record
How do I contact Klaas Financial Asset Advisors?
Klaas Financial Asset Advisors’ main office is at 4707 Perry Ridge Lane, Loves Park, IL 61111. Its phone number is 815-877-8440. Its website is klaasfinancial.com.