KRM Financial Planning & Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, estate planning, insurance, and tax planning.
KRM Financial Planning & Wealth Management reports 177 clients. They include 126 individual clients and 51 high-net-worth individuals. Of its assets, 99.8% ($211M across 513 accounts) are managed with discretion; $520K across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 24% |
| High-net-worth individuals | 29% | 76% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 126 | $51.7M | 24.5% | $411K |
| High-net-worth individuals | 51 | $160M | 75.5% | $3.13M |
| Total | 177 | $211M | 100% | $1.19M |
- Clients
- 126
- Regulatory AUM
- $51.7M
- AUM share
- 24.5%
- Avg. per client
- $411K
- Clients
- 51
- Regulatory AUM
- $160M
- AUM share
- 75.5%
- Avg. per client
- $3.13M
Total
- Clients
- 177
- Regulatory AUM
- $211M
- AUM share
- 100%
- Avg. per client
- $1.19M
- 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
- 0
KRM Financial Planning & Wealth Management charges 0.55%–1.25% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1M | 0.75% |
| $1M–$2.5M | 0.65% |
| $2.5M and above | 0.55% |
Fee details and sources
Other fees
- Financial Planning Services
- Hourly fees start at $250 per hour; fixed fees range from $1,500 to $50,000. Both are negotiated.
- Retirement Plan Consulting Services
- Annual fees range from 0.25% to 1.50% of plan assets, negotiated, deducted from plan assets or invoiced.
Kraig Mickelsen owns 75% or more of KRM Financial Planning & Wealth Management. The leadership team of KRM Financial Planning & Wealth Management includes Chief Compliance Officer Kraig Mickelsen. It has 3 employees, 1 of them in advisory roles.
Staff
- 3 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- 1 soliciting firm
- Owns 75% or more of KRM Financial Planning & Wealth Management, LLC
Kraig Mickelsen
Control person · since November 2025
Besides its headquarters, KRM Financial Planning & Wealth Management has 0 offices, with 1 listed address in 1 state.
Illinois · 1 listed address
- 555 S. Randall Road, Suite 202, St. CharlesHQ
Contact and registration details
- Legal name
- KRM Financial Planning & Wealth Management, LLC
- Headquarters
- 555 S. Randall Road, Suite 202, St. Charles, IL 60174
- Website
- krmfinancial.com
- Phone
- 630-377-8760
- SEC file
- 801-135064
- Structure
- Illinois LLC
- Fiscal year end
- December
KRM Financial Planning & Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($202M). KRM Financial Planning & Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $202M100%
At year end, KRM Financial Planning & Wealth Management’s separately managed accounts were mostly in funds (65%) and stocks (19%).
What the accounts hold
- Stocks19%
- Exchange-traded equities17%
- Non-exchange-traded equities2%
- Funds65%
- Bonds11%
- U.S. government and agency bonds6%
- State and local bonds5%
- Cash5%
How many clients does KRM Financial Planning & Wealth Management have?
KRM Financial Planning & Wealth Management has 177 clients and manages $211 million for them, as of May 2026. They include 126 individual clients and 51 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 May 2026
What services does KRM Financial Planning & Wealth Management offer?
KRM Financial Planning & Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, estate planning, insurance, 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 KRM Financial Planning & Wealth Management charge?
KRM Financial Planning & Wealth Management charges 0.55%–1.25% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: FORM ADV PART 2A AND 2B - DISCLOSURE BROCHURE, filed 1 May 2026
Which custodians does KRM Financial Planning & Wealth Management use?
KRM Financial Planning & Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $202M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 May 2026
How many financial advisors does KRM Financial Planning & Wealth Management have?
KRM Financial Planning & Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 3 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 KRM Financial Planning & Wealth Management invest in?
At the end of its last fiscal year, KRM Financial Planning & Wealth Management’s separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 17% exchange-traded equities, 6% U.S. government and agency bonds, 5% state and local bonds, 5% cash and equivalents and 2% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns KRM Financial Planning & Wealth Management?
KRM Financial Planning & Wealth Management’s direct owner is Kraig Mickelsen (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 May 2026
How does KRM Financial Planning & Wealth Management get paid?
KRM Financial Planning & 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
How do I contact KRM Financial Planning & Wealth Management?
KRM Financial Planning & Wealth Management’s main office is at 555 S. Randall Road, Suite 202, St. Charles, IL 60174. Its phone number is 630-377-8760. Its website is krmfinancial.com.