MBM Wealth Consultants provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
MBM Wealth Consultants reports 642 clients. They include 473 individual clients, 131 high-net-worth individuals, and 28 pension and profit-sharing plans. Of its assets, 100.0% ($477M across 1,624 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 32% |
| High-net-worth individuals | 20% | 63% |
| Pension and profit-sharing plans | 4% | 4% |
| Charitable organizations | 1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 473 | $151M | 31.6% | $319K |
| High-net-worth individuals | 131 | $302M | 63.4% | $2.31M |
| Pension and profit-sharing plans | 28 | $19.4M | 4.1% | $694K |
| Charitable organizations | 8 | $2.82M | 0.6% | $353K |
| Corporations and other businesses | Fewer than 5 | $1.29M | 0.3% | $643K |
| Total | 642 | $477M | 100% | — |
- Clients
- 473
- Regulatory AUM
- $151M
- AUM share
- 31.6%
- Avg. per client
- $319K
- Clients
- 131
- Regulatory AUM
- $302M
- AUM share
- 63.4%
- Avg. per client
- $2.31M
- Clients
- 28
- Regulatory AUM
- $19.4M
- AUM share
- 4.1%
- Avg. per client
- $694K
- Clients
- 8
- Regulatory AUM
- $2.82M
- AUM share
- 0.6%
- Avg. per client
- $353K
- Clients
- Fewer than 5
- Regulatory AUM
- $1.29M
- AUM share
- 0.3%
- Avg. per client
- $643K
Total
- Clients
- 642
- Regulatory AUM
- $477M
- 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
- 251–500
MBM Wealth Consultants charges 0.25%–1.50% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.50% |
| $500K–$1M | 1.25% |
| $1M–$2M | 1.00% |
| $2M–$4M | 0.75% |
| $4M–$10M | 0.50% |
| $10M and above | 0.25% |
Fee details and sources
Other fees
- Stand-Alone Financial Planning and Consulting
- Stand-alone financial planning or consulting is negotiable: about $150 an hour on average, or a fixed fee of $1,000 to $5,000.
MBM Wealth Group, LLC owns 75% or more of MBM Wealth Consultants and is in turn owned by Matthew Lapides (50–75%) and Matthew Westhoff (50–75%). The leadership team of MBM Wealth Consultants includes Chief Compliance Officer Matthew Lapides. It has 15 employees, 7 of them in advisory roles.
Staff
- 15 employees
- 7 in advisory functions
- 9 state-registered reps
- 1 broker-dealer rep
- 6 insurance agents
- Owns 75% or more of MBM Wealth Consultants, LLC
MBM Wealth Group, LLC
Control person · since January 2020
- Owns 50% to 75% of MBM Wealth Group, LLC
Matthew Lapides
Control person · since January 2020
- Owns 50% to 75% of MBM Wealth Group, LLC
Matthew Westhoff
Control person · since January 2020
MBM Wealth Consultants’ regulatory assets grew 2.2× from $215M (May 2021) to $477M (May 2026); clients rose from 510 to 642 and employees from 11 to 15.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $477M | 642 | 15 | 1 |
| Jun 2025June 2025 | $418M | 602 | 11 | 1 |
| Jun 2024June 2024 | $335M | 574 | 11 | 1 |
| May 2023May 2023 | $240M | 1,098 | 10 | 1 |
| Jun 2022June 2022 | $259M | 495 | 10 | 1 |
| May 2021May 2021 | $215M | 510 | 11 | 1 |
Besides its headquarters, MBM Wealth Consultants has 0 offices, with 1 listed address in 1 state.
Missouri · 1 listed address
- 16401 Swingley Ridge RD., Suite 450, ChesterfieldHQ
Contact and registration details
- Legal name
- MBM Wealth Consultants, LLC
- Headquarters
- 16401 Swingley Ridge RD., Suite 450, Chesterfield, MO 63017
- Website
- mbmadvisorservices.com
- Phone
- 636-274-6262
- @mbm-wealth-consultants
- SEC file
- 801-112994
- Founded
- 2013
- Structure
- Missouri LLC
- Fiscal year end
- December
MBM Wealth Consultants’ named custodian for separately managed accounts is LPL Financial ($477M). MBM Wealth Consultants has custody of $25.2M for 13 clients.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $477M100%
At year end, MBM Wealth Consultants’ separately managed accounts were mostly in funds (78%) and stocks (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $519M across 123 positions; the largest are Vanguard Index Fds (11.1%), Vanguard Whitehall Fds (10.0%) and Vanguard Index Fds (9.7%).
What the accounts hold
- Stocks19%
- Funds78%
- Bonds1%
- Cash1%
- Other1%
- Certificate of deposit1%
How many clients does MBM Wealth Consultants have?
MBM Wealth Consultants has 642 clients and manages $477 million for them, as of May 2026. They include 473 individual clients, 131 high-net-worth individuals, and 28 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026
What services does MBM Wealth Consultants offer?
MBM Wealth Consultants provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, insurance, philanthropic planning, retirement plan services, 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 MBM Wealth Consultants charge?
MBM Wealth Consultants charges 0.25%–1.50% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: MBM 2026 ANNUAL DISCLOSURE BROCHURE, filed 27 March 2026
Which custodians does MBM Wealth Consultants use?
MBM Wealth Consultants’ separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $477M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026
How many financial advisors does MBM Wealth Consultants have?
MBM Wealth Consultants has 9 investment adviser representatives registered with state securities authorities, out of 15 employees, and 7 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 6 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 MBM Wealth Consultants invest in?
At the end of its last fiscal year, MBM Wealth Consultants’ separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities, 1% state and local bonds, 1% cash and equivalents and 1% other. The 1% other category is described as: Certificate of Deposit.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MBM Wealth Consultants?
MBM Wealth Consultants is owned through a holding company by Matthew Lapides and Matthew Westhoff. Its direct owner is MBM Wealth Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 May 2026
How does MBM Wealth Consultants get paid?
MBM Wealth Consultants 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 MBM Wealth Consultants?
MBM Wealth Consultants’ main office is at 16401 Swingley Ridge RD., Suite 450, Chesterfield, MO 63017. Its phone number is 636-274-6262. Its website is mbmadvisorservices.com.
