MBE Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
MBE Wealth Management reports 2,598 clients. They include 2,356 individual clients, 180 high-net-worth individuals, and 62 pension and profit-sharing plans. Of its assets, 76.7% ($750M across 5,350 accounts) are managed with discretion; $227M across 62 accounts are not. A wrap fee program the firm both sponsors and manages holds $750M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 91% | 36% |
| High-net-worth individuals | 7% | 40% |
| Pension and profit-sharing plans | 2% | 23% |
| Charitable organizations | 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) | 2,356 | $355M | 36.3% | $151K |
| High-net-worth individuals | 180 | $391M | 40.1% | $2.17M |
| Pension and profit-sharing plans | 62 | $227M | 23.3% | $3.66M |
| Charitable organizations | Fewer than 5 | $3.38M | 0.3% | — |
| Total | 2,598 | $977M | 100% | — |
- Clients
- 2,356
- Regulatory AUM
- $355M
- AUM share
- 36.3%
- Avg. per client
- $151K
- Clients
- 180
- Regulatory AUM
- $391M
- AUM share
- 40.1%
- Avg. per client
- $2.17M
- Clients
- 62
- Regulatory AUM
- $227M
- AUM share
- 23.3%
- Avg. per client
- $3.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.38M
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 2,598
- Regulatory AUM
- $977M
- 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
- 101–250
MBE Wealth Management charges up to 1.50% a year for its Investment Management Services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- American Funds account advisory fee
- For client accounts established through American Funds Services, the annual investment advisory fee is 0.50%.
- Financial planning
- Financial planning is billed hourly at $100 to $300 per hour, or as a fixed fee of $500 to $2500 per engagement.
Mbe CPA LLP owns 25% to 50% of MBE Wealth Management and is in turn owned by Timothy Moy (25–50%), Morgan Klemm (25–50%) and Frank Vinopal (25–50%). The leadership team of MBE Wealth Management includes Chief Compliance Officer Joseph Berry. It has 18 employees, 10 of them in advisory roles.
Leadership
- Joseph BerryChief Compliance Officer/Financial Advisor
Investment adviser representatives
13 representatives listed in the SEC register as of 9 October 2026.
Staff
- 18 employees
- 10 in advisory functions
- 10 state-registered reps
- 9 insurance agents
- 1 soliciting firm
- Owns 25% to 50% of Mbe Wealth Management, LLC
Mbe CPA LLP
since January 2013
- Owns 25% to 50% of Mbe CPA LLP
Timothy Moy
Control person · since January 2013
- Owns 25% to 50% of Mbe CPA LLP
Morgan Klemm
since January 2009
- Owns 25% to 50% of Mbe CPA LLP
Frank Vinopal
since January 2019
- Owns 10% to 25% of Mbe Wealth Management, LLC
Joe Berry LLC
Control person · since December 2011
- Owns 75% or more of Joe Berry LLC
Joseph Berry
Control person · since December 2011
- Owns 10% to 25% of Mbe Wealth Management, LLC
Due North Financial, LLC
since March 2015
- Owns 75% or more of Due North Financial, LLC
Brent Brinker
Control person · since March 2015
- Owns 10% to 25% of Mbe Wealth Management, LLC
Krueger Wealth Management, LLC
since June 2015
- Owns 75% or more of Krueger Wealth Management, LLC
Jacob Krueger
Control person · since June 2015
- Owns 10% to 25% of Mbe Wealth Management, LLC
Pruitt Financial Planning, LLC
since January 2020
- Owns 75% or more of Pruitt Financial Planning, LLC
Michael Pruitt
Control person · since January 2020
- Owns 10% to 25% of Mbe Wealth Management, LLC
Jphenrich Financial Planning, LLC
Control person · since January 2026
- Owns 75% or more of Jphenrich Financial Planning, LLC
Jason Henrich
Control person · since December 2020
MBE Wealth Management’s regulatory assets grew 2.7× from $367M (February 2021) to $977M (July 2026); clients were 2,598 in both filings and employees rose from 10 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $977M | 2,598 | 18 | 8 |
| March 2025 | $860M | 2,526 | 17 | 9 |
| June 2024 | $725M | 2,440 | 12 | 6 |
| February 2023 | $450M | 2,498 | 12 | 5 |
| June 2022 | $471M | 2,300 | 13 | 5 |
| February 2021 | $367M | 2,475 | 10 | 5 |
Besides its headquarters, MBE Wealth Management has 7 offices (1 private residence, listed without an address), with 7 listed addresses in Arizona and Wisconsin.
Wisconsin · 6 listed addresses
- 200 W. Warren St., TomahHQ
- E 10890 Penny Lane, Baraboo
- 100 Wilburn RD, Sun Prairie
- 224700 Zinnia Drive, Wausau
- 1136 E. Main St., Reedsburg
- 932 Water Street, Sauk City
Arizona · 1 listed address
- 2370 W Ray Road, Chandler
Contact and registration details
- Legal name
- Mbe Wealth Management, LLC
- Headquarters
- 200 W. Warren St., Tomah, WI 54660
- Website
- mbewealth.com
- Phone
- 608-372-5521
- @mbe-wealth-management-llc
- SEC file
- 801-110772
- Structure
- Wisconsin LLC
- Fiscal year end
- December
MBE Wealth Management uses Charles Schwab ($674M, 81%) and Empower ($154M, 19%) as custodians for its separately managed accounts. MBE Wealth Management has custody of $260M in client assets for 1,237 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $674M81%
- EmpowerEmpower Trust Company LLC · Greenwood Village, CO · $154M19%
At year end, MBE Wealth Management’s separately managed accounts were mostly in funds (59%) and stocks (38%). Its reported 13F holdings for the quarter ended 30 June 2026 total $284M across 170 positions; the largest are Invesco Qqq TR (12.2%), Vanguard Index Fds (10.4%) and SPDR Series Trust (9.8%).
What the accounts hold
- Stocks38%
- Funds59%
- Cash3%
Reported 13F holdings
- $284M
- Reported 13F value
- 170
- Positions
- 54.9%
- In the 10 largest
- +18.2%
- Value vs. prior quarter
- Invesco Qqq TR · Unit Ser 112.2%
- Vanguard Index Fds · Small CP ETF10.4%
- SPDR Series Trust · ST Str P500val9.8%
- iShares TR · Core S&P500 ETF4.8%
- ETF Ser Solutions · Aptus Collrd Inv4.6%
- ETF Ser Solutions · Aptus Int Enh YL3.1%
- ETF Ser Solutions · Aptus Defined2.9%
- Schwab Strategic TR · US Tips ETF2.7%
- ETF Ser Solutions · Opus Sml CP VL2.1%
- ETF Ser Solutions · Aptus Large Cap2.1%
Together, the ten largest are 54.9% of reported value.
How many clients does MBE Wealth Management have?
MBE Wealth Management has 2,598 clients and manages $977 million for them, as of July 2026. They include 2,356 individual clients, 180 high-net-worth individuals, and 62 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 July 2026
What services does MBE Wealth Management offer?
MBE Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does MBE Wealth Management charge?
MBE Wealth Management charges up to 1.50% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Which custodians does MBE Wealth Management use?
MBE Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $674M and Empower Trust Company LLC (Greenwood Village, CO), with $154M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 July 2026
How many financial advisors does MBE Wealth Management have?
MBE Wealth Management has 10 investment adviser representatives registered with state securities authorities, out of 18 employees, and 10 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 9 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 MBE Wealth Management invest in?
At the end of its last fiscal year, MBE Wealth Management’s separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 38% exchange-traded equities and 3% 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 MBE Wealth Management?
MBE Wealth Management is owned through holding companies by Timothy Moy, Joseph Berry, Brent Brinker, Jacob Krueger, Michael Pruitt and 3 others. Its direct owners are Joe Berry LLC, Due North Financial, LLC, Krueger Wealth Management, LLC, Mbe CPA LLP, Pruitt Financial Planning, LLC and Jphenrich Financial Planning, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 7 July 2026
How does MBE Wealth Management get paid?
MBE 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 MBE Wealth Management?
MBE Wealth Management’s main office is at 200 W. Warren St., Tomah, WI 54660. Its phone number is 608-372-5521. Its website is mbewealth.com.