{"url":"https://nivawealth.com/firms/lsb-capital-management-310466","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/310466","regulatoryAum":228767526,"crd":"310466","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6108351","suffix":null,"lastName":"BROTEN","firstName":"HAILEY","middleName":"Jo"},{"crd":"7632331","suffix":null,"lastName":"Haselhuhn","firstName":"Nicholas","middleName":null},{"crd":"3077855","suffix":null,"lastName":"HEYING","firstName":"BRIAN","middleName":"EDWARD"},{"crd":"6911251","suffix":null,"lastName":"Morrissey","firstName":"Zachary","middleName":"Patrick"},{"crd":"7795371","suffix":null,"lastName":"Pfannebecker","firstName":"Taylor","middleName":"Marie"},{"crd":"4973794","suffix":null,"lastName":"Reyes","firstName":"Ramon","middleName":"Paul"},{"crd":"2136808","suffix":null,"lastName":"UTTERBACK","firstName":"ANNETTE","middleName":"JEANBLANC"}],"total":7,"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":"2022-05-31","regulatoryAum":181678486,"clients":350,"employees":15,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":225366588,"clients":669,"employees":15,"offices":6},{"filedOn":"2024-03-05","regulatoryAum":231767237,"clients":677,"employees":12,"offices":6},{"filedOn":"2025-07-30","regulatoryAum":173002714,"clients":406,"employees":10,"offices":6},{"filedOn":"2026-08-11","regulatoryAum":228767526,"clients":383,"employees":11,"offices":7}],"secFileNumber":"801-124725","legalName":"LSB Capital Management, Inc.","displayName":"LSB Capital Management","slug":"lsb-capital-management-310466","website":"https://mylsbcapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Iowa corporation","fiscalYearEnd":"December","headquarters":{"street":"1375 SW State Street","city":"Ankeny","state":"IA","stateName":"Iowa","country":"United States","postalCode":"50023"},"tradeNames":["LSB Wealth Management"],"registration":{"secApproved":"25 April 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":303988.7806788512,"staff":{"employees":11,"advisory":11,"brokerDealerReps":7,"insuranceAgents":7,"promoters":0},"aum":{"regulatory":228767526,"discretionary":228767526,"discretionaryAccounts":573,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":104794928,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":226,"regulatoryAum":37764323},{"label":"High-net-worth individuals","clients":157,"regulatoryAum":78663380},{"label":"Banking or thrift institutions","clients":null,"fewerThan5":true,"regulatoryAum":112339823}],"feePrograms":[{"role":"other","program":"Financial Planning Services","summary":"Financial planning is billed as a flat fee agreed in advance or hourly, with hourly rates up to $250 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061674","versionId":1061674,"submittedOn":"2026-10-20","documentName":"FORM ADV PART 2 AND 2B 102026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T16:42:51.949663+00:00","documents":[{"name":"FORM ADV PART 2 AND 2B 102026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061674","versionId":1061674,"submittedOn":"2026-10-20"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015886","versionId":1015886,"submittedOn":null},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015884","versionId":1015884,"submittedOn":null}]},"custodians":[{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Fort Mill, SC","smaAssets":116060989},{"name":"Fifth Third Securities, Inc.","shortName":"Fifth Third Securities","location":"Cincinnati, OH","smaAssets":112339823}],"custodyNote":"LSB Capital Management has custody of $3.91M in client assets for 14 clients.","otherCustodians":[],"leadership":[{"name":"Zachary Morrissey","title":"President","crd":"6911251"},{"name":"Annette Utterback","title":"Chief Compliance Officer","crd":"2136808"}],"ownership":[{"label":"Lincoln Savings Bank","detail":"Sole owner in the 75% or more ownership band and a control person, since July 2020."},{"label":"Lincoln Bancorp","detail":"Indirect owner: a sole owner of Lincoln Savings Bank in the 75% or more band and a control person, since September 1983.","parent":"Lincoln Savings Bank"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":0},"listedOfficeAddresses":7,"foreignOffices":[],"officesByState":[{"state":"Iowa","offices":7,"addresses":[{"street":"1375 SW State Street","city":"Ankeny","headquarters":true},{"street":"13523 University Avenue","city":"Clive"},{"street":"1922 Ingersoll Avenue","city":"Des Moines"},{"street":"302 Main Street","city":"Cedar Falls"},{"street":"508 Main Street","city":"Reinbeck"},{"street":"242 Tower Park Drive","city":"Waterloo"},{"street":"7001 Westown Pkwy","city":"West Des Moines"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"515-327-9922","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":23},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":63},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":9,"detail":"Mortgages & Notes, Real Estate, and Insurance Policies"}],"privateFunds":0},"sources":{"adv1FilingDate":"11 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/310466/PDF/310466.pdf","brochureDate":"20 October 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061674","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 LSB Capital Management have?","answer":"LSB Capital Management has 383 clients and manages $229 million for them, as of August 2026. They include 226 individual clients and 157 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 11 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does LSB Capital Management offer?","answer":"LSB Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does LSB Capital Management use?","answer":"LSB Capital Management’s separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $116M and Fifth Third Securities, Inc. (Cincinnati, OH), with $112M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does LSB Capital Management have?","answer":"LSB Capital Management has 6 investment adviser representatives registered with state securities authorities, out of 11 employees, and 11 perform investment advisory functions. 7 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does LSB Capital Management invest in?","answer":"At the end of its last fiscal year, LSB Capital Management’s separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 9% other, 2% U.S. government and agency bonds, 2% investment grade corporate bonds, 1% state and local bonds and 1% cash and equivalents. The 9% other category is described as: Mortgages & Notes, Real Estate, and Insurance Policies.","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 LSB Capital Management?","answer":"LSB Capital Management is owned through a holding company by Lincoln Bancorp. Its direct owner is Lincoln Savings Bank (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 11 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does LSB Capital Management get paid?","answer":"LSB Capital Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact LSB Capital Management?","answer":"LSB Capital Management’s main office is at 1375 SW State Street, Ankeny, IA 50023. Its phone number is 515-327-9922. Its website is mylsbcapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 11 August 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."}