Modern Portfolio Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars, estate planning, insurance, and philanthropic planning. Financial planning was provided to 26–50 clients last fiscal year.
Modern Portfolio Management reports 1,118 clients. They include 757 individual clients, 337 high-net-worth individuals, and 19 corporations and other businesses. Of its assets, 42.7% ($444M across 1,037 accounts) are managed with discretion; $595M across 1,417 accounts are not. It advised 1,118 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 68% | 27% |
| High-net-worth individuals | 30% | 68% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 757 | $277M | 26.6% | $365K |
| High-net-worth individuals | 337 | $708M | 68.1% | $2.1M |
| Pension and profit-sharing plans | Fewer than 5 | $5.34M | 0.5% | $2.67M |
| Charitable organizations | Fewer than 5 | $2.51M | 0.2% | $838K |
| Corporations and other businesses | 19 | $46.4M | 4.5% | $2.44M |
| Total | 1,118 | $1.04B | 100% | — |
- Clients
- 757
- Regulatory AUM
- $277M
- AUM share
- 26.6%
- Avg. per client
- $365K
- Clients
- 337
- Regulatory AUM
- $708M
- AUM share
- 68.1%
- Avg. per client
- $2.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.34M
- AUM share
- 0.5%
- Avg. per client
- $2.67M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.51M
- AUM share
- 0.2%
- Avg. per client
- $838K
- Clients
- 19
- Regulatory AUM
- $46.4M
- AUM share
- 4.5%
- Avg. per client
- $2.44M
Total
- Clients
- 1,118
- Regulatory AUM
- $1.04B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1,118
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Modern Portfolio Management charges up to 1.50% a year for its MPM Program Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Typically $100 to $400 per hour, or $15,000 (or more) on a fixed-fee basis, depending on scope and the professional; a 50% deposit is due on hourly engagements.
- Flat fee option
- Negotiated fixed dollar fee, not above the 1.50% maximum, for clients who keep at least $1,000,000 in the arrangement; payable quarterly in arrears.
MPM Wealth Advisors Inc. owns 75% or more of Modern Portfolio Management. The leadership team of Modern Portfolio Management includes President Bryan Ohm and Chief Compliance Officer Robert Avery. It has 18 employees.
Staff
- 18 employees
- 18 in advisory functions
- 14 state-registered reps
- 1 broker-dealer rep
- 7 insurance agents
- 7 soliciting firms
- Owns 75% or more of Modern Portfolio Management Inc
MPM Wealth Advisors Inc.
Control person · since December 2009
Modern Portfolio Management’s regulatory assets grew 1.7× from $621M (May 2021) to $1.04B (May 2026); clients rose from 1,000 to 1,118 and employees fell from 22 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $1.04B | 1,118 | 18 | 13 |
| May 2025May 2025 | $889M | 1,158 | 20 | 13 |
| Jul 2024July 2024 | $795M | 1,132 | 20 | 12 |
| Apr 2023April 2023 | $665M | 1,101 | 20 | 12 |
| Mar 2022March 2022 | $709M | 1,111 | 22 | 14 |
| May 2021May 2021 | $621M | 1,000 | 22 | 14 |
Besides its headquarters, Modern Portfolio Management has 12 offices (7 private residences, listed without an address), with 6 listed addresses across 3 states.
Michigan · 3 listed addresses
- 15640 Michigan Ave., Dearborn
- 24901 Northwestern Highway Suite 218, Southfield
- 2090 Celebration R Ne Ste210, Grand Rapids
Ohio · 2 listed addresses
- 7429 International Drive, Suite A, HollandHQ
- 7015 Lighthouse Way, Suite 400 Mail Box #8, Perrysburg
Texas · 1 listed address
- 101 Westlake DR. Suite 143, West Lake Hills
Contact and registration details
- Legal name
- Modern Portfolio Management Inc
- Headquarters
- 7429 International Drive, Suite A, Holland, OH 43528-8623
- Website
- mpmwealth.com
- Phone
- 419-861-1400
- @mpm-wealth-advisors
- SEC file
- 801-50488
- Founded
- 1995
- Structure
- Ohio corporation
- Fiscal year end
- December
Modern Portfolio Management’s named custodian for separately managed accounts is Charles Schwab ($1.04B). Modern Portfolio Management has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.04B100%
At year end, Modern Portfolio Management’s separately managed accounts were mostly in funds (86%).
What the accounts hold
- Stocks9%
- Funds86%
- Bonds1%
- Cash3%
- Other1%
- Cds1%
How many clients does Modern Portfolio Management have?
Modern Portfolio Management has 1,118 clients and manages $1.04 billion for them, as of May 2026. They include 757 individual clients, 337 high-net-worth individuals, and 19 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 May 2026
What services does Modern Portfolio Management offer?
Modern Portfolio Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars, estate planning, insurance, and philanthropic 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 Modern Portfolio Management charge?
Modern Portfolio Management charges up to 1.50% a year for its MPM Program Services. The fee is billed in arrears and is negotiable.
Source: MPM WEALTH ADVISORS - FORM ADV PART 2A, filed 31 March 2026
Which custodians does Modern Portfolio Management use?
Modern Portfolio Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.04B. 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 May 2026
How many financial advisors does Modern Portfolio Management have?
Modern Portfolio Management has 14 investment adviser representatives registered with state securities authorities, out of 18 employees, and 18 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 7 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 Modern Portfolio Management invest in?
At the end of its last fiscal year, Modern Portfolio Management’s separately managed accounts held 86% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 3% cash and equivalents, 1% U.S. government and agency bonds and 1% other. The 1% other category is described as: CDS.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Modern Portfolio Management?
Modern Portfolio Management’s direct owner is MPM Wealth Advisors Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 May 2026
How does Modern Portfolio Management get paid?
Modern Portfolio Management is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Modern Portfolio Management?
Modern Portfolio Management’s main office is at 7429 International Drive, Suite A, Holland, OH 43528-8623. Its phone number is 419-861-1400. Its website is mpmwealth.com.