Midwest Financial Network provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Midwest Financial Network reports 218 clients. They include 138 individual clients and 80 high-net-worth individuals. Nearly all assets ($142M across 536 accounts) are managed with discretion; $44.5K across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 31% |
| High-net-worth individuals | 37% | 69% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Other investment advisers | Fewer than 5 | 0% |
| Corporations and other businesses | Fewer than 5 | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 138 | $43.6M | 30.7% | $316K |
| High-net-worth individuals | 80 | $98.2M | 69.2% | $1.23M |
| Pension and profit-sharing plans | Fewer than 5 | $44.5K | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Total | 218 | $142M | 100% | — |
- Clients
- 138
- Regulatory AUM
- $43.6M
- AUM share
- 30.7%
- Avg. per client
- $316K
- Clients
- 80
- Regulatory AUM
- $98.2M
- AUM share
- 69.2%
- Avg. per client
- $1.23M
- Clients
- Fewer than 5
- Regulatory AUM
- $44.5K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 218
- Regulatory AUM
- $142M
- 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
- 101–250
Midwest Financial Network charges 0.68%–1.25% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $500,000. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.25% |
| $1M–$2M | 1.05% |
| $2M–$5M | 0.85% |
| $5M and above | 0.68% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed hourly at $400 per hour in 6-minute increments; a fixed fee of up to $5,000 applies when only an investment portfolio is designed.
- Retirement Plan Services
- Employer-sponsored retirement plans are assessed an asset-based fee of 1.25% (125 basis points) a year, billed monthly.
Raymond Kozicki owns 50% to 75% of Midwest Financial Network. The leadership team of Midwest Financial Network includes Chief Compliance Officer Raymond Kozicki. It has 2 employees.
Leadership
Raymond KozickiPartner/Chief Compliance Officer/Portfolio Manager/Managing Member
Ryan BiniakPartner/Assistant Portfolio Manager/Operations Manager
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Midwest Financial Network, LLC
Raymond Kozicki
Control person · since March 2019
- Owns 50% to 75% of Midwest Financial Network, LLC
Ryan Biniak
Control person · since March 2019
Midwest Financial Network’s regulatory assets grew from $108M (February 2025) to $142M (February 2026); clients rose from 201 to 218 and employees fell from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $142M | 218 | 2 | 3 |
| February 2025 | $108M | 201 | 3 | 3 |
Besides its headquarters, Midwest Financial Network has 2 offices, with 3 listed addresses in Illinois and Iowa.
Iowa · 2 listed addresses
- 939 Office Park Road, West Des Moines
- 4620 East 53rd Street, Davenport
Illinois · 1 listed address
- 17244 Oak Park Avenue, Tinley ParkHQ
Contact and registration details
- Legal name
- Midwest Financial Network, LLC
- Headquarters
- 17244 Oak Park Avenue, Tinley Park, IL 60477
- Website
- midwfinancial.com
- Phone
- 708-670-3083
- SEC file
- 801-131367
- Structure
- Illinois LLC
- Fiscal year end
- December
Midwest Financial Network uses Interactive Brokers ($142M) as custodian for its separately managed accounts. Midwest Financial Network does not have custody of client assets.
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $142M100%
At year end, Midwest Financial Network’s separately managed accounts were mostly in funds (94%). Its reported 13F holdings for the quarter ended 30 June 2026 total $146M across 105 positions; the largest are State Str SPDR S&P 500 ETF T (8.9%), Vanguard Index Fds (4.6%) and Ssga Active TR (3.3%).
What the accounts hold
- Stocks4%
- Funds94%
- Cash2%
Reported 13F holdings
- $146M
- Reported 13F value
- 105
- Positions
- 35.9%
- In the 10 largest
- +16.3%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit8.9%
- Vanguard Index Fds · S&P 500 ETF Shs4.6%
- Ssga Active TR · State Street US3.3%
- SPDR Series Trust · ST Str MSCI Usaq3.2%
- Vanguard Admiral Fds Inc. · 500 Val Idx FD3.0%
- SPDR Index Shs Fds · ST Port Mark ETF2.9%
- First TR Exchange-traded FD · Lng Dur Oprtun2.7%
- Vanguard BD Index Fds · Total Bnd Mrkt2.6%
- SPDR Index Shs Fds · ST Str PO EX ETF2.5%
- Capital Grp Fixed Incm ETF T · US Multi-sector2.3%
Together, the ten largest are 35.9% of reported value.
How many clients does Midwest Financial Network have?
Midwest Financial Network has 218 clients and manages $142 million for them, as of February 2026. They include 138 individual clients and 80 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 February 2026
What services does Midwest Financial Network offer?
Midwest Financial Network provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Midwest Financial Network charge?
Midwest Financial Network charges 0.68%–1.25% a year for its Portfolio Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $500,000.
Source: MIDWEST FINANCIAL NETWORK FORM ADV PART 2A - 20260214, filed 9 October 2026
Which custodians does Midwest Financial Network use?
Midwest Financial Network’s separately managed account assets are held at Interactive Brokers LLC (Greenwich, CT), with $142M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 February 2026
How many financial advisors does Midwest Financial Network have?
Midwest Financial Network has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Midwest Financial Network invest in?
At the end of its last fiscal year, Midwest Financial Network’s separately managed accounts held 94% registered funds (mutual funds, ETFs, BDCs), 4% 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
Does Midwest Financial Network have a minimum investment?
Yes, Midwest Financial Network’s minimum account size for its Portfolio Management is $500K.
Source: MIDWEST FINANCIAL NETWORK FORM ADV PART 2A - 20260214, filed 9 October 2026
Who owns Midwest Financial Network?
Midwest Financial Network’s direct owners are Raymond Kozicki (50% to 75%) and Ryan Biniak (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 14 February 2026
How does Midwest Financial Network get paid?
Midwest Financial Network 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 Midwest Financial Network?
Midwest Financial Network’s main office is at 17244 Oak Park Avenue, Tinley Park, IL 60477. Its phone number is 708-670-3083. Its website is midwfinancial.com.