Midwest Professional Planners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, educational seminars, business succession planning, divorce planning, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Midwest Professional Planners reports 837 clients. They include 446 individual clients, 264 high-net-worth individuals and 117 other investment advisers. Of its assets, 100.0% ($649M across 2,726 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $6.06M. It advised 45 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 16% |
| High-net-worth individuals | 32% | 81% |
| Pension and profit-sharing plans | 1% | 3% |
| Other investment advisers | 14% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 446 | $102M | 15.6% | $228K |
| High-net-worth individuals | 264 | $524M | 80.8% | $1.99M |
| Pension and profit-sharing plans | 10 | $17.3M | 2.7% | $1.73M |
| Other investment advisers | 117 | $6.06M | 0.9% | $51.8K |
| Total | 837 | $649M | 100% | $776K |
- Clients
- 446
- Regulatory AUM
- $102M
- AUM share
- 15.6%
- Avg. per client
- $228K
- Clients
- 264
- Regulatory AUM
- $524M
- AUM share
- 80.8%
- Avg. per client
- $1.99M
- Clients
- 10
- Regulatory AUM
- $17.3M
- AUM share
- 2.7%
- Avg. per client
- $1.73M
- Clients
- 117
- Regulatory AUM
- $6.06M
- AUM share
- 0.9%
- Avg. per client
- $51.8K
Total
- Clients
- 837
- Regulatory AUM
- $649M
- AUM share
- 100%
- Avg. per client
- $776K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 45
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Midwest Professional Planners charges up to 2.50% for its Asset Management Services. The brochure does not state whether the rate is annual. The fee is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Divorce Plan Services
- Divorce plan services require a $2,500 retainer and are billed hourly at $75 to $250 an hour.
- Financial Planning and Consulting
- Financial planning fees range from $2,500 to $25,000 by scope; in limited cases hourly planning is $50 to $600 an hour.
Scott Wallschlaeger owns 25% to 50% of Midwest Professional Planners. The leadership team of Midwest Professional Planners includes President Jeffery Ottosen and Chief Compliance Officer Gery Sadzewicz. It has 29 employees, 15 of them in advisory roles.
Leadership
- Jeffery OttosenPresident, COO, Secretary, Shareholder and Director
- Gery SadzewiczChief Compliance Officer
- Daniel EvansShareholder and Director
- Brian KamkeShareholder and Treasurer
- Benjamin LaskaShareholder
- Eric MadsonShareholder and Director
- Kara ProctorShareholder
- Terri RauShareholder and Director
- Brian ReschShareholder and Director
- Gene StankowskiShareholder
- Patrick WallschlaegerShareholder, Director
- Cory WokaschShareholder
- Jeanne WallschlaegerShareholder
- Dang NguyenShareholder
- Scott WallschlaegerCEO and Shareholder
Investment adviser representatives
17 representatives listed in the SEC register as of 9 October 2026.
- Bryson John Cioni
- Evan Michael Cohrs
- Jesse W. Dunsmoor
- Daniel Jesse Evans
- Levi Thomas Ewan
- Joseph James Faust
- Brian Robert Kamke MR.
- Benjamin Phillip Laska
- Brady Robert Neumann
- Dang Jeremiah Tu Nguyen
- Kara Jaleen Proctor
- Terri Marie Rau
- Brian Clinton Resch
- Jennifer Lee Schult
- Sebastian Robert Sullivan
- Scott Matthew Wallschlaeger
- Cory Wokasch
Staff
- 29 employees
- 15 in advisory functions
- 15 state-registered reps
- 2 broker-dealer reps
- 6 insurance agents
- Owns 25% to 50% of Midwest Professional Planners, LTD.
Scott Wallschlaeger
Control person · since April 2011
- Owns 10% to 25% of Midwest Professional Planners, LTD.
Jeanne Wallschlaeger
since November 1998
- Owns 10% to 25% of Midwest Professional Planners, LTD.
Daniel Evans
Control person · since September 2008
- Owns 10% to 25% of Midwest Professional Planners, LTD.
Brian Resch
Control person · since May 2019
- Owns 5% to 10% of Midwest Professional Planners, LTD.
Dang Nguyen
since July 2004
- Owns 5% to 10% of Midwest Professional Planners, LTD.
Terri Rau
Control person · since August 2015
Midwest Professional Planners’ regulatory assets grew 2.0× from $328M (May 2021) to $649M (July 2026); clients rose from 543 to 837 and employees from 27 to 29.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $649M | 837 | 29 | 4 |
| July 2025 | $554M | 771 | 29 | 4 |
| July 2024 | $432M | 731 | 28 | 4 |
| August 2023 | $383M | 608 | 30 | 4 |
| May 2022 | $408M | 638 | 30 | 4 |
| May 2021 | $328M | 543 | 27 | 3 |
Besides its headquarters, Midwest Professional Planners has 3 offices, with 4 listed addresses in Illinois, Minnesota and Wisconsin.
Minnesota · 2 listed addresses
- 309 W. Superior Street, Duluth
- 515 Ne 2nd Ave., Grand Rapids
Illinois · 1 listed address
- 755 McArdle DR., Crystal Lake
Wisconsin · 1 listed address
- 2610 Stewart Avenue, Suite 100, WausauHQ
Other business names
Midwest Professional Planners has reported 1 other business name to the SEC.
- MPPL Financial
Contact and registration details
- Legal name
- Midwest Professional Planners, LTD.
- Headquarters
- 2610 Stewart Avenue, Suite 100, Wausau, WI 54401
- Website
- mpplfinancial.com
- Phone
- 715-848-3474
- SEC file
- 801-72649
- Founded
- 1990
- Structure
- Wisconsin corporation
- Fiscal year end
- December
Midwest Professional Planners uses Fidelity ($509M) as custodian for its separately managed accounts. Midwest Professional Planners has custody of $251M in client assets for 366 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $509M100%
At year end, Midwest Professional Planners’ separately managed accounts were mostly in stocks (52%) and funds (32%). Its reported 13F holdings for the quarter ended 30 June 2026 total $510M across 131 positions; the largest are State Str SPDR S&P 500 ETF T (10.6%), Applied Matls Inc. (3.3%) and Lam Research Corp. (3.2%).
What the accounts hold
- Stocks52%
- Funds32%
- Bonds8%
- Investment grade corporate bonds4%
- U.S. government and agency bonds2%
- State and local bonds2%
- Cash8%
Reported 13F holdings
- $510M
- Reported 13F value
- 131
- Positions
- 33.8%
- In the 10 largest
- +20.2%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit10.6%
- Applied Matls Inc.3.3%
- Lam Research Corp.3.2%
- Nvidia Corporation3.1%
- Advanced Micro Devices Inc.3.0%
- Broadcom Inc.2.6%
- iShares TR · Trust Ishare 0-12.5%
- iShares TR · Core S&P Mcp ETF2.1%
- Cummins Inc.1.8%
- iShares TR · Ibonds 26 Trm TS1.8%
Together, the ten largest are 33.8% of reported value.
How many clients does Midwest Professional Planners have?
Midwest Professional Planners has 837 clients and manages $649 million for them, as of July 2026. They include 446 individual clients, 264 high-net-worth individuals and 117 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 July 2026
What services does Midwest Professional Planners offer?
Midwest Professional Planners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, educational seminars, business succession planning, divorce planning, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Midwest Professional Planners charge?
Midwest Professional Planners charges up to 2.50% for its Asset Management Services. The brochure does not state whether the rate is annual. The fee is negotiable.
Which custodians does Midwest Professional Planners use?
Midwest Professional Planners’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $509M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 July 2026
How many financial advisors does Midwest Professional Planners have?
Midwest Professional Planners has 15 investment adviser representatives registered with state securities authorities, out of 29 employees, and 15 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 6 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 Professional Planners invest in?
At the end of its last fiscal year, Midwest Professional Planners’ separately managed accounts held 52% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 4% investment grade corporate bonds, 2% U.S. government and agency bonds and 2% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Midwest Professional Planners?
Midwest Professional Planners’ direct owners are Jeanne Wallschlaeger, Dang Nguyen, Scott Wallschlaeger, Daniel Evans, Terri Rau and Brian Resch, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 20 July 2026
How does Midwest Professional Planners get paid?
Midwest Professional Planners is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no 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 Professional Planners?
Midwest Professional Planners’ main office is at 2610 Stewart Avenue, Suite 100, Wausau, WI 54401. Its phone number is 715-848-3474. Its website is mpplfinancial.com.