{"url":"https://nivawealth.com/firms/michael-d-taxman-investment-management-llc-126670","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/126670","regulatoryAum":137461560,"crd":"126670","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3130965","suffix":null,"lastName":"TAXMAN","firstName":"MICHAEL","middleName":"DAVID"}],"total":1,"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":"2025-01-23","regulatoryAum":116562289,"clients":27,"employees":1,"offices":1},{"filedOn":"2026-02-03","regulatoryAum":137461560,"clients":27,"employees":1,"offices":1}],"secFileNumber":"801-130853","legalName":"Michael D. Taxman Investment Management,llc","displayName":"Michael D. Taxman Investment Management,llc","slug":"michael-d-taxman-investment-management-llc-126670","website":"https://mdtinvest.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New Hampshire limited liability company","fiscalYearEnd":"December","headquarters":{"street":"35 South Main Street","city":"Hanover","state":"NH","stateName":"New Hampshire","country":"United States","postalCode":"03755"},"tradeNames":[],"registration":{"secApproved":"6 August 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":5091168.888888889,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":137461560,"discretionary":137461560,"discretionaryAccounts":76,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":10,"regulatoryAum":3588142},{"label":"High-net-worth individuals","clients":17,"regulatoryAum":133873418}],"feePrograms":[{"role":"main","program":"Annual Advisory Fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005967","versionId":1005967,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-02-03","documentName":"ADV PART 2A - DISCLOSURE BROCHURE","fee_rate_low":0.35,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":1000000,"feeMinimumPeriod":"annual","fee_minimum_annual":8000}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:52:04.493265+00:00","documents":[{"name":"ADV PART 2A - DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005967","versionId":1005967,"submittedOn":"2026-02-03"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":135076452}],"custodyNote":"Michael D. Taxman Investment Management,llc has custody of $55.9M in client assets for 12 clients.","leadership":[{"name":"Michael Taxman","title":"Principal/Managing Member/Chief Compliance Officer","crd":"3130965"}],"ownership":[{"label":"Michael Taxman","detail":"Principal/managing member/chief compliance officer in the 75% or more ownership band and a control person, since March 2003."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New Hampshire","offices":1,"addresses":[{"street":"35 South Main Street","city":"Hanover","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"603-643-1415","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":99},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"3 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/126670/PDF/126670.pdf","brochureDate":"3 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005967","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 Michael D. Taxman Investment Management,llc have?","answer":"Michael D. Taxman Investment Management,llc has 27 clients and manages $137 million for them, as of February 2026. They include 17 high-net-worth individuals and 10 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 3 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Michael D. Taxman Investment Management,llc offer?","answer":"Michael D. Taxman Investment Management,llc provides portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Michael D. Taxman Investment Management,llc charge?","answer":"Michael D. Taxman Investment Management,llc charges 0.35%–2.00% a year for its Annual Advisory Fee. The fee is billed in arrears, is negotiable, has a $8,000 annual minimum and requires an account of at least $1,000,000.","source":"ADV PART 2A - DISCLOSURE BROCHURE, filed 3 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Michael D. Taxman Investment Management,llc use?","answer":"Michael D. Taxman Investment Management,llc’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $135M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Michael D. Taxman Investment Management,llc have?","answer":"Michael D. Taxman Investment Management,llc has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Michael D. Taxman Investment Management,llc invest in?","answer":"At the end of its last fiscal year, Michael D. Taxman Investment Management,llc’s separately managed accounts held 99% registered funds (mutual funds, ETFs, BDCs) 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Michael D. Taxman Investment Management,llc have a minimum investment?","answer":"Yes, Michael D. Taxman Investment Management,llc’s minimum account size for its Annual Advisory Fee is $1M. It charges a $8K annual minimum fee.","source":"ADV PART 2A - DISCLOSURE BROCHURE, filed 3 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Michael D. Taxman Investment Management,llc?","answer":"Michael D. Taxman Investment Management,llc’s direct owner is Michael Taxman (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 3 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Michael D. Taxman Investment Management,llc get paid?","answer":"Michael D. Taxman Investment Management,llc is paid through a percentage of assets under management. 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":"Is Michael D. Taxman Investment Management,llc registered with the SEC?","answer":"Yes, Michael D. Taxman Investment Management,llc has been registered with the SEC as an investment adviser since 6 August 2024. Its CRD number is 126670 and its SEC file number is 801-130853.","source":"Form ADV Part 1A, Item 1, filed 3 February 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Michael D. Taxman Investment Management,llc?","answer":"Michael D. Taxman Investment Management,llc’s main office is at 35 South Main Street, Hanover, NH 03755. Its phone number is 603-643-1415. Its website is mdtinvest.com.","source":"Form ADV Part 1A, Item 1.F, filed 3 February 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."}