McMill Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
McMill Wealth reports 5,656 clients. They include 4,192 individual clients, 1,382 high-net-worth individuals, and 30 pension and profit-sharing plans. Of its assets, 100.0% ($862M across 5,656 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 15% |
| High-net-worth individuals | 24% | 57% |
| Pension and profit-sharing plans | <1% | 13% |
| Charitable organizations | <1% | 12% |
| Corporations and other businesses | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 4,192 | $129M | 15.0% | $30.8K |
| High-net-worth individuals | 1,382 | $495M | 57.4% | $358K |
| Pension and profit-sharing plans | 30 | $113M | 13.1% | $3.76M |
| Charitable organizations | 22 | $107M | 12.4% | $4.86M |
| Corporations and other businesses | 30 | $17.8M | 2.1% | $595K |
| Total | 5,656 | $862M | 100% | $152K |
- Clients
- 4,192
- Regulatory AUM
- $129M
- AUM share
- 15.0%
- Avg. per client
- $30.8K
- Clients
- 1,382
- Regulatory AUM
- $495M
- AUM share
- 57.4%
- Avg. per client
- $358K
- Clients
- 30
- Regulatory AUM
- $113M
- AUM share
- 13.1%
- Avg. per client
- $3.76M
- Clients
- 22
- Regulatory AUM
- $107M
- AUM share
- 12.4%
- Avg. per client
- $4.86M
- Clients
- 30
- Regulatory AUM
- $17.8M
- AUM share
- 2.1%
- Avg. per client
- $595K
Total
- Clients
- 5,656
- Regulatory AUM
- $862M
- AUM share
- 100%
- Avg. per client
- $152K
- 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
McMill Wealth charges 0.50%–1.75% a year for its Investment Advisory Fees. The whole portfolio is charged at the rate of its band. 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–$50K | 1.75% |
| $50K–$200K | 1.50% |
| $200K–$500K | 1.25% |
| $500K–$1M | 1.00% |
| $1M–$2M | 0.90% |
| $2M–$3M | 0.80% |
| $3M–$4M | 0.70% |
| $4M–$5M | 0.60% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning that carries a fee is billed hourly at up to $250 an hour, with the rate discussed before any charge is incurred.
Jared Faltys owns 25% to 50% of McMill Wealth. The leadership team of McMill Wealth includes President Jared Faltys and Chief Compliance Officer Nathan Raabe. It has 50 employees, 22 of them in advisory roles.
Leadership
Jared FaltysVice President
Clint WeederPresident- Nathan RaabeChief Compliance Officer
- Andrew SteffensmeierTreasurer & Secretary
- Kyle KoesterSecondary Owner
- Lynndsy BeckmannSecondary Owner
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
Staff
- 50 employees
- 22 in advisory functions
- 22 state-registered reps
- 4 insurance agents
- Owns 25% to 50% of McMill Wealth Inc
Jared Faltys
Control person · since January 2026
- Owns 25% to 50% of McMill Wealth Inc
Clint Weeder
Control person · since January 2018
- Owns 5% to 10% of McMill Wealth Inc
Andrew Steffensmeier
since March 2022
- Owns 5% to 10% of McMill Wealth Inc
Kyle Koester
since January 2026
- Owns 5% to 10% of McMill Wealth Inc
Lynndsy Beckmann
since January 2026
McMill Wealth’s regulatory assets grew 2.0× from $435M (March 2021) to $862M (March 2026); clients rose from 3,429 to 5,656 and employees were 50 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $862M | 5,656 | 50 | 2 |
| June 2025 | $730M | 4,118 | 50 | 3 |
| April 2024 | $641M | 3,896 | 50 | 3 |
| July 2023 | $546M | 3,729 | 50 | 3 |
| March 2022 | $561M | 3,802 | 50 | 3 |
| March 2021 | $435M | 3,429 | 50 | 4 |
Besides its headquarters, McMill Wealth has 1 office (1 private residence, listed without an address), with 1 listed address in Nebraska.
Nebraska · 1 listed address
- 125 South 4th Street, NorfolkHQ
Other business names
McMill Wealth has reported 1 other business name to the SEC.
- Wealth Firm
Contact and registration details
- Legal name
- McMill Wealth Inc
- Headquarters
- 125 South 4th Street, Norfolk, NE 68701
- Website
- Not reported
- Phone
- 402-371-1160
- SEC file
- 801-64153
- Structure
- Nebraska corporation
- Fiscal year end
- December
McMill Wealth uses Charles Schwab ($746M) as custodian for its separately managed accounts. McMill Wealth has custody of $532M in client assets for 2,188 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $746M100%
At year end, McMill Wealth’s separately managed accounts were mostly in funds (95%).
What the accounts hold
- Stocks3%
- Funds95%
- Cash2%
How many clients does McMill Wealth have?
McMill Wealth has 5,656 clients and manages $862 million for them, as of March 2026. They include 4,192 individual clients, 1,382 high-net-worth individuals, and 30 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does McMill Wealth offer?
McMill Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does McMill Wealth charge?
McMill Wealth charges 0.50%–1.75% a year for its Investment Advisory Fees. The whole portfolio is charged at the rate of its band. The fee is billed in advance and is negotiable.
Source: MCMILL WEALTH MANAGEMENT ADV PART 2A, filed 27 March 2026
Which custodians does McMill Wealth use?
McMill Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $746M. 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 March 2026
How many financial advisors does McMill Wealth have?
McMill Wealth has 22 investment adviser representatives registered with state securities authorities, out of 50 employees, and 22 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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 McMill Wealth invest in?
At the end of its last fiscal year, McMill Wealth’s separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs), 3% exchange-traded equities and 2% 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 McMill Wealth?
McMill Wealth’s direct owners are Jared Faltys, Clint Weeder, Andrew Steffensmeier, Kyle Koester and Lynndsy Beckmann, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does McMill Wealth get paid?
McMill Wealth 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
Is McMill Wealth registered with the SEC?
Yes, McMill Wealth has been registered with the SEC as an investment adviser since 21 April 2005. Its CRD number is 129015 and its SEC file number is 801-64153.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact McMill Wealth?
McMill Wealth’s main office is at 125 South 4th Street, Norfolk, NE 68701. Its phone number is 402-371-1160.