Modus Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Modus Advisors reports 347 clients. They include 184 individual clients, 162 high-net-worth individuals and 1 pension or profit-sharing plan. Of its assets, 98.6% ($593M across 1,359 accounts) are managed with discretion; $8.29M across 141 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 12% |
| High-net-worth individuals | 47% | 88% |
| Pension and profit-sharing plans | <1% | 0% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 184 | $74.1M | 12.3% | $403K |
| High-net-worth individuals | 162 | $527M | 87.7% | $3.25M |
| Pension and profit-sharing plans | 1 | $0 | 0.0% | $0 |
| Total | 347 | $601M | 100% | $1.73M |
- Clients
- 184
- Regulatory AUM
- $74.1M
- AUM share
- 12.3%
- Avg. per client
- $403K
- Clients
- 162
- Regulatory AUM
- $527M
- AUM share
- 87.7%
- Avg. per client
- $3.25M
- Clients
- 1
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 347
- Regulatory AUM
- $601M
- AUM share
- 100%
- Avg. per client
- $1.73M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Modus Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting are billed hourly at up to $300 an hour or as a flat fee of $1,000 to $10,000, with a 50% retainer at signing.
Tad Weiss owns 50% to 75% of Modus Advisors. The leadership team of Modus Advisors includes Chief Investment Officer Kari Haanstad and Chief Compliance Officer Tad Weiss. It has 8 employees, 5 of them in advisory roles.
Leadership
- Tad WeissManaging Member & Chief Compliance Officer
- Kari HaanstadMember & Chief Investment Officer
- Margaret SwansonMember
- Peter WeissMember
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 5 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Modus Advisors, LLC
Tad Weiss
Control person · since March 2018
- Owns 25% to 50% of Modus Advisors, LLC
Kari Haanstad
since March 2018
- Owns 5% to 10% of Modus Advisors, LLC
Margaret Swanson
since January 2024
- Owns 5% to 10% of Modus Advisors, LLC
Peter Weiss
since January 2024
Modus Advisors’ regulatory assets grew 1.8× from $338M (January 2021) to $601M (February 2026); clients rose from 269 to 347 and employees from 6 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $601M | 347 | 8 | 1 |
| March 2025 | $514M | 310 | 7 | 1 |
| February 2024 | $432M | 319 | 7 | 1 |
| March 2023 | $351M | 371 | 6 | 1 |
| February 2022 | $398M | 287 | 5 | 1 |
| January 2021 | $338M | 269 | 6 | 1 |
Besides its headquarters, Modus Advisors has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 23505 Smithtown Road, Suite 290, ExcelsiorHQ
Contact and registration details
- Legal name
- Modus Advisors, LLC
- Headquarters
- 23505 Smithtown Road, Suite 290, Excelsior, MN 55331
- Website
- modusadvisors.com
- Phone
- 952-946-1000
- @modus-advisors
- SEC file
- 801-112534
- Founded
- 2008
- Structure
- Minnesota LLC
- Fiscal year end
- December
Modus Advisors uses Charles Schwab ($577M) as custodian for its separately managed accounts. Modus Advisors has custody of $97.9M in client assets for 130 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $577M100%
At year end, Modus Advisors’ separately managed accounts were mostly in funds (65%) and stocks (31%). Its reported 13F holdings for the quarter ended 30 June 2026 total $405M across 118 positions; the largest are iShares Gold Trust (5.2%), Invesco Nasdaq 100 ETF (3.7%) and Vanguard Morningstar Total Stock Market ETF (3.2%).
What the accounts hold
- Stocks31%
- Funds65%
- Registered funds58%
- Pooled vehicles7%
- Bonds3%
- Cash1%
Reported 13F holdings
- $405M
- Reported 13F value
- 118
- Positions
- 30.5%
- In the 10 largest
- +11.5%
- Value vs. prior quarter
- iShares Gold TrustETF5.2%
- Invesco Nasdaq 100 ETFETF3.7%
- Vanguard Morningstar Total Stock Market ETFETF3.2%
- Alphabet Inc. Cap Stk CL C2.9%
- Nvidia Corporation2.9%
- Caterpillar Inc.2.8%
- iShares Core Dividend Growth ETFETF2.7%
- JPMORGAN International Value ETFETF2.5%
- ARM Holdings PLC Sponsored ADS · ADR2.4%
- Amazon Com Inc.2.3%
Together, the ten largest are 30.5% of reported value.
How many clients does Modus Advisors have?
Modus Advisors has 347 clients and manages $601 million for them, as of February 2026. They include 184 individual clients, 162 high-net-worth individuals and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 February 2026
What services does Modus Advisors offer?
Modus Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, 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
Which custodians does Modus Advisors use?
Modus Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $577M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 February 2026
How many financial advisors does Modus Advisors have?
Modus Advisors has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 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 Modus Advisors invest in?
At the end of its last fiscal year, Modus Advisors’ separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 31% exchange-traded equities, 7% pooled vehicles (private funds and similar), 3% U.S. government and agency 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
Who owns Modus Advisors?
Modus Advisors’ direct owners are Tad Weiss (50% to 75%), Kari Haanstad (25% to 50%), Margaret Swanson (5% to 10%) and Peter Weiss (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 February 2026
How does Modus Advisors get paid?
Modus Advisors 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
Is Modus Advisors registered with the SEC?
Yes, Modus Advisors has been registered with the SEC as an investment adviser since 1 March 2018. Its CRD number is 291204 and its SEC file number is 801-112534.
Source: Form ADV Part 1A, Item 1, filed 23 February 2026; IAPD firm record
How do I contact Modus Advisors?
Modus Advisors’ main office is at 23505 Smithtown Road, Suite 290, Excelsior, MN 55331. Its phone number is 952-946-1000. Its website is modusadvisors.com.