{"url":"https://nivawealth.com/firms/midwest-financial-associates-158573","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/158573","regulatoryAum":123922245,"crd":"158573","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1902373","suffix":null,"lastName":"KNAUF","firstName":"TIMOTHY","middleName":"FRANCIS"},{"crd":"854143","suffix":null,"lastName":"MURRAY","firstName":"BENJAMIN","middleName":"W"}],"total":2,"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"},"secFileNumber":"801-135945","legalName":"Midwest Financial Associates, Inc.","displayName":"Midwest Financial Associates","slug":"midwest-financial-associates-158573","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Illinois corporation","fiscalYearEnd":"December","headquarters":{"street":"4615 E State Street, Suite 102","city":"Rockford","state":"IL","stateName":"Illinois","country":"United States","postalCode":"61108"},"tradeNames":[],"registration":{"secApproved":"23 April 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":399327.25874125876,"staff":{"employees":4,"advisory":1,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":123922245,"discretionary":123922245,"discretionaryAccounts":632,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":260,"regulatoryAum":51065411},{"label":"High-net-worth individuals","clients":26,"regulatoryAum":63142185},{"label":"Pension and profit-sharing plans","clients":13,"regulatoryAum":8531292},{"label":"Corporations and other businesses","clients":2,"fewerThan5":true,"regulatoryAum":1183357}],"feePrograms":[{"role":"main","program":"Portfolio management services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051000","versionId":1051000,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-07-07","documentName":"FIRM BROCHURE","fee_rate_low":0.65,"fee_rate_high":0.9,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Pension, 401(k) and profit sharing plan fees","summary":"Fees for pension, group 401(k) and profit sharing plans are charged on an annualized basis and may be as low as 0.20%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051000","versionId":1051000,"submittedOn":"2026-07-07","documentName":"FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:23:05.790259+00:00","documents":[{"name":"FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051000","versionId":1051000,"submittedOn":"2026-07-07"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":115613680}],"custodyNote":"Midwest Financial Associates has custody of $1.16M in client assets for 1 client.","leadership":[{"name":"Timothy Knauf","title":"CCO President","crd":"1902373"}],"ownership":[{"label":"CJT356 Trust","detail":"Shareholder in the 75% or more ownership band and a control person, since January 2020."},{"label":"Timothy Knauf","detail":"Indirect owner: a trustee of CJT356 Trust in the 75% or more band and a control person, since July 2001.","parent":"CJT356 Trust"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"4615 E State Street, Suite 102","city":"Rockford","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"779-210-2930","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":39},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":23},{"label":"Securities issued by registered investment companies or business development companies","percent":33},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"7 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/158573/PDF/158573.pdf","brochureDate":"7 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051000","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 Midwest Financial Associates have?","answer":"Midwest Financial Associates has 301 clients and manages $124 million for them, as of July 2026. They include 260 individual clients, 26 high-net-worth individuals, and 13 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 7 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Midwest Financial Associates offer?","answer":"Midwest Financial Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","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 Midwest Financial Associates charge?","answer":"Midwest Financial Associates charges 0.65%–0.90% a year for its Portfolio management services. The fee is billed in advance and is negotiable.","source":"FIRM BROCHURE, filed 7 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Midwest Financial Associates use?","answer":"Midwest Financial Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $116M. 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Midwest Financial Associates have?","answer":"Midwest Financial Associates has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Midwest Financial Associates invest in?","answer":"At the end of its last fiscal year, Midwest Financial Associates’ separately managed accounts held 39% exchange-traded equities, 33% registered funds (mutual funds, ETFs, BDCs), 23% investment grade corporate bonds, 4% 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Midwest Financial Associates?","answer":"Midwest Financial Associates is owned through a trust by Timothy Knauf. Its direct owner is CJT356 Trust (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 7 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Midwest Financial Associates get paid?","answer":"Midwest Financial Associates 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 Midwest Financial Associates registered with the SEC?","answer":"Yes, Midwest Financial Associates has been registered with the SEC as an investment adviser since 23 April 2026. Its CRD number is 158573 and its SEC file number is 801-135945.","source":"Form ADV Part 1A, Item 1, filed 7 July 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Midwest Financial Associates?","answer":"Midwest Financial Associates’ main office is at 4615 E State Street, Suite 102, Rockford, IL 61108. Its phone number is 779-210-2930.","source":"Form ADV Part 1A, Item 1.F, filed 7 July 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."}