Mindful Wealth provides financial planning, portfolio management for individuals and small businesses, selecting other managers, business succession planning, estate planning, insurance, philanthropic planning, and retirement plan services. Financial planning was provided to 26–50 clients last fiscal year.
Mindful Wealth reports 57 high-net-worth individuals. Of its assets, 100.0% ($225M across 279 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 57 | $225M | 100.0% | $3.95M |
| Total | 57 | $225M | 100% | $3.95M |
- Clients
- 57
- Regulatory AUM
- $225M
- AUM share
- 100.0%
- Avg. per client
- $3.95M
Total
- Clients
- 57
- Regulatory AUM
- $225M
- AUM share
- 100%
- Avg. per client
- $3.95M
- 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
- 26–50
Mindful Wealth charges 0.50%–0.95% for its Assets Under Management Fee. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Project Work
- Occasional project work is charged a one-time fee based on time commitment and complexity, set out in a separate statement.
David Dickman owns 75% or more of Mindful Wealth. It has 1 employee.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Mindful Wealth LLC
David Dickman
Control person · since June 2018
Mindful Wealth’s regulatory assets grew 2.0× from $111M (May 2023) to $225M (May 2026); clients rose from 35 to 57 and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $225M | 57 | 1 | 1 |
| Mar 2025March 2025 | $188M | 44 | 2 | 1 |
| Mar 2024March 2024 | $133M | 42 | 1 | 1 |
| May 2023May 2023 | $111M | 35 | 1 | 1 |
Besides its headquarters, Mindful Wealth has 0 offices, with 1 listed address in 1 state.
Illinois · 1 listed address
- 385 Park Avenue, 200, GlencoeHQ
Contact and registration details
- Legal name
- Mindful Wealth LLC
- Headquarters
- 385 Park Avenue, 200, Glencoe, IL 60022
- Website
- mindfulwealthllc.com
- Phone
- 312-953-9900
- SEC file
- 801-127605
- Founded
- 2018
- Structure
- Illinois LLC
- Fiscal year end
- December
Mindful Wealth’s named custodian for separately managed accounts is Charles Schwab ($225M). Mindful Wealth does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $225M100%
At year end, Mindful Wealth’s separately managed accounts were mostly in funds (58%) and stocks (22%).
What the accounts hold
- Stocks22%
- Funds58%
- Registered funds48%
- Pooled vehicles10%
- Bonds4%
- State and local bonds3%
- U.S. government and agency bonds1%
- Cash16%
How many clients does Mindful Wealth have?
Mindful Wealth has 57 clients and manages $225 million for them, as of May 2026. They include 57 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026
What services does Mindful Wealth offer?
Mindful Wealth provides financial planning, portfolio management for individuals and small businesses, selecting other managers, business succession planning, estate planning, insurance, philanthropic planning, and retirement plan services.
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 Mindful Wealth charge?
Mindful Wealth charges 0.50%–0.95% for its Assets Under Management Fee. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Source: MINDFUL WEALTH LLC FORM ADV PARTS 2A & 2B JUNE 2026, filed 27 May 2026
Which custodians does Mindful Wealth use?
Mindful Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $225M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026
How many financial advisors does Mindful Wealth have?
Mindful Wealth 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
What does Mindful Wealth invest in?
At the end of its last fiscal year, Mindful Wealth’s separately managed accounts held 48% registered funds (mutual funds, ETFs, BDCs), 22% exchange-traded equities, 16% cash and equivalents, 10% pooled vehicles (private funds and similar), 3% state and local bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Mindful Wealth?
Mindful Wealth’s direct owner is David Dickman (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 May 2026
How does Mindful Wealth get paid?
Mindful Wealth 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 Mindful Wealth?
Mindful Wealth’s main office is at 385 Park Avenue, 200, Glencoe, IL 60022. Its phone number is 312-953-9900. Its website is mindfulwealthllc.com.
