{"url":"https://nivawealth.com/firms/krm-financial-planning-and-wealth-management-338738","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/338738","regulatoryAum":211482938,"crd":"338738","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2845238","suffix":null,"lastName":"MICKELSEN","firstName":"KRAIG","middleName":"RICHARD"}],"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"},"secFileNumber":"801-135064","legalName":"KRM Financial Planning & Wealth Management, LLC","displayName":"KRM Financial Planning & Wealth Management","slug":"krm-financial-planning-and-wealth-management-338738","website":"https://krmfinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/338738/0e70e1e892880e97-r1.webp","tone":"light","width":1081,"height":200,"sourceUrl":"https://krmfinancial.com/","sourceLabel":"KRM Financial Planning & Wealth Management, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Illinois limited liability company","fiscalYearEnd":"December","headquarters":{"street":"555 S. Randall Road, Suite 202","city":"St. Charles","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60174"},"tradeNames":[],"registration":{"secApproved":"2 January 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1194818.8587570621,"staff":{"employees":3,"advisory":1,"brokerDealerReps":0,"insuranceAgents":1,"promoters":1},"aum":{"regulatory":211482938,"discretionary":210963088,"discretionaryAccounts":513,"nonDiscretionary":519850,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":126,"regulatoryAum":51745728},{"label":"High-net-worth individuals","clients":51,"regulatoryAum":159737210}],"feePrograms":[{"role":"main","program":"Investment Management Services","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1.25,"from":0},{"to":1000000,"pct":0.75,"from":500000},{"to":2500000,"pct":0.65,"from":1000000},{"to":null,"pct":0.55,"from":2500000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043725","versionId":1043725,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-05-01","documentName":"FORM ADV PART 2A AND 2B - DISCLOSURE BROCHURE","fee_rate_low":0.55,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Hourly fees start at $250 per hour; fixed fees range from $1,500 to $50,000. Both are negotiated.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043725","versionId":1043725,"submittedOn":"2026-05-01","documentName":"FORM ADV PART 2A AND 2B - DISCLOSURE BROCHURE"},{"role":"other","program":"Retirement Plan Consulting Services","summary":"Annual fees range from 0.25% to 1.50% of plan assets, negotiated, deducted from plan assets or invoiced.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043725","versionId":1043725,"submittedOn":"2026-05-01","documentName":"FORM ADV PART 2A AND 2B - DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T18:10:05.968565+00:00","documents":[{"name":"FORM ADV PART 2A AND 2B - DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043725","versionId":1043725,"submittedOn":"2026-05-01"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":202455918}],"custodyNote":"KRM Financial Planning & Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kraig Mickelsen","title":"LLC Managing Member / Chief Compliance Officer","crd":"2845238"}],"ownership":[{"label":"Kraig Mickelsen","detail":"Llc managing member / chief compliance officer in the 75% or more ownership band and a control person, since November 2025."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"555 S. Randall Road, Suite 202","city":"St. Charles","headquarters":true}]}],"brochureServices":["estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"630-377-8760","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","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":17},{"label":"Non-exchange-traded equity securities","percent":2},{"label":"U.S. government/agency bonds","percent":6},{"label":"U.S. state and local bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":65},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"1 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/338738/PDF/338738.pdf","brochureDate":"1 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1043725","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 KRM Financial Planning & Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does KRM Financial Planning & Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does KRM Financial Planning & Wealth Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does KRM Financial Planning & Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does KRM Financial Planning & Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does KRM Financial Planning & Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns KRM Financial Planning & Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does KRM Financial Planning & Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact KRM Financial Planning & Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 1 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}