Medicus Wealth Planning provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 26–50 clients last fiscal year.
Medicus Wealth Planning reports 196 clients. They include 154 individual clients, 40 high-net-worth individuals, and 2 pension and profit-sharing plans. Of its assets, 99.0% ($159M across 556 accounts) are managed with discretion; $1.54M across 2 accounts are not. It advised 26 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 28% |
| High-net-worth individuals | 20% | 71% |
| Pension and profit-sharing plans | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 154 | $45.3M | 28.2% | $294K |
| High-net-worth individuals | 40 | $114M | 70.9% | $2.85M |
| Pension and profit-sharing plans | Fewer than 5 | $1.54M | 1.0% | $770K |
| Total | 196 | $161M | 100% | — |
- Clients
- 154
- Regulatory AUM
- $45.3M
- AUM share
- 28.2%
- Avg. per client
- $294K
- Clients
- 40
- Regulatory AUM
- $114M
- AUM share
- 70.9%
- Avg. per client
- $2.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.54M
- AUM share
- 1.0%
- Avg. per client
- $770K
Total
- Clients
- 196
- Regulatory AUM
- $161M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 26
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Medicus Wealth Planning charges 0.50%–1.50% a year for its Portfolio 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–$250K | 1.50% |
| $250K–$500K | 1.35% |
| $500K–$1M | 1.20% |
| $1M–$5M | 1.00% |
| $5M–$10M | 0.75% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is a flat fee usually between $1,000 and $3,500 depending on complexity, and is negotiable.
Kevin Michels owns 75% or more of Medicus Wealth Planning. The leadership team of Medicus Wealth Planning includes President Kevin Michels. It has 5 employees, 4 of them in advisory roles.
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Medicus Wealth Planning, Inc.
Kevin Michels
Control person · since November 2019
Medicus Wealth Planning’s regulatory assets grew 1.6× from $101M (May 2024) to $161M (May 2026); clients rose from 178 to 196 and employees from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $161M | 196 | 5 | 3 |
| Feb 2025February 2025 | $130M | 192 | 5 | 3 |
| May 2024May 2024 | $101M | 178 | 4 | 3 |
Besides its headquarters, Medicus Wealth Planning has 2 offices, with 3 listed addresses across 2 states.
Utah · 2 listed addresses
- 11681 S 700 E, Suite 200, DraperHQ
- 699 E South Temple, Salt Lake City
Nevada · 1 listed address
- 1050 E Flamingo RD, Las Vegas
Contact and registration details
- Legal name
- Medicus Wealth Planning, Inc.
- Headquarters
- 11681 S 700 E, Suite 200, Draper, UT 84020
- Website
- medicuswealthplanning.com
- Phone
- 801-994-4777
- @medicus-wealth-planning
- SEC file
- 801-130385
- Structure
- Utah corporation
- Fiscal year end
- December
Medicus Wealth Planning’s named custodian for separately managed accounts is Fidelity ($148M). Medicus Wealth Planning has custody of $53.4M for 89 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $148M100%
At year end, Medicus Wealth Planning’s separately managed accounts were mostly in funds (68%) and stocks (23%).
What the accounts hold
- Stocks23%
- Funds68%
- Bonds8%
- Investment grade corporate bonds5%
- State and local bonds3%
- Cash1%
How many clients does Medicus Wealth Planning have?
Medicus Wealth Planning has 196 clients and manages $161 million for them, as of May 2026. They include 154 individual clients, 40 high-net-worth individuals, and 2 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 May 2026
What services does Medicus Wealth Planning offer?
Medicus Wealth Planning provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Medicus Wealth Planning charge?
Medicus Wealth Planning charges 0.50%–1.50% a year for its Portfolio Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: ADV PART 2A-MEDICUS WEALTH PLANNING, filed 20 March 2026
Which custodians does Medicus Wealth Planning use?
Medicus Wealth Planning’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $148M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 May 2026
How many financial advisors does Medicus Wealth Planning have?
Medicus Wealth Planning has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Medicus Wealth Planning invest in?
At the end of its last fiscal year, Medicus Wealth Planning’s separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 5% investment grade corporate bonds, 3% state and local bonds and 1% 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 Medicus Wealth Planning?
Medicus Wealth Planning’s direct owner is Kevin Michels (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 May 2026
How does Medicus Wealth Planning get paid?
Medicus Wealth Planning is paid through a percentage of assets under management 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 Medicus Wealth Planning?
Medicus Wealth Planning’s main office is at 11681 S 700 E, Suite 200, Draper, UT 84020. Its phone number is 801-994-4777. Its website is medicuswealthplanning.com.
