Mokan Wealth Management provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Mokan Wealth Management reports 173 clients. They include 93 high-net-worth individuals and 80 individual clients. Of its assets, 100.0% ($250M across 704 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 46% | 20% |
| High-net-worth individuals | 54% | 80% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 80 | $49.1M | 19.6% | $613K |
| High-net-worth individuals | 93 | $201M | 80.4% | $2.16M |
| Total | 173 | $250M | 100% | $1.45M |
- Clients
- 80
- Regulatory AUM
- $49.1M
- AUM share
- 19.6%
- Avg. per client
- $613K
- Clients
- 93
- Regulatory AUM
- $201M
- AUM share
- 80.4%
- Avg. per client
- $2.16M
Total
- Clients
- 173
- Regulatory AUM
- $250M
- AUM share
- 100%
- Avg. per client
- $1.45M
- 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
Mokan Wealth Management charges 1.00%–1.50% a year for its Ongoing financial planning and investment management. 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 plan creation
- Financial plan creation engagements are offered for a fee of $4,500 to $5,500, depending on complexity, due at completion.
- Ongoing financial planning retainer
- Ongoing financial planning without investment management is charged a retainer of $500 to $750 per month, billed in arrears.
Kyle Hammerschmidt owns 75% or more of Mokan Wealth Management. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Mokan Wealth Management Inc
Kyle Hammerschmidt
Control person · since January 2017
Mokan Wealth Management’s regulatory assets grew 2.3× from $110M (June 2024) to $250M (October 2026); clients rose from 126 to 173 and employees from 1 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Oct 2026October 2026 | $250M | 173 | 4 | 1 |
| Jul 2025July 2025 | $175M | 156 | 3 | 1 |
| Jun 2024June 2024 | $110M | 126 | 1 | 1 |
Besides its headquarters, Mokan Wealth Management has 0 offices, with 1 listed address in 1 state.
Kansas · 1 listed address
- 14221 Metcalf Ave #150, Overland ParkHQ
Contact and registration details
- Legal name
- Mokan Wealth Management Inc
- Headquarters
- 14221 Metcalf Ave #150, Overland Park, KS 66223
- Website
- mokanwealth.com
- Phone
- 913-257-3991
- @mokanfinancial
- SEC file
- 801-130379
- Structure
- Kansas corporation
- Fiscal year end
- December
Mokan Wealth Management’s named custodian for separately managed accounts is Altruist ($250M). Mokan Wealth Management does not have custody of client assets.
- AltruistAltruist Financial LLC · Culver City, CA · $250M100%
At year end, Mokan Wealth Management’s separately managed accounts were mostly in stocks (60%) and funds (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $262M across 95 positions; the largest are Vanguard Scottsdale Fds (5.9%), SPDR Series Trust (5.9%) and SPDR Series Trust (5.5%).
What the accounts hold
- Stocks60%
- Funds36%
- Cash3%
- Other1%
- Fixed income, corporate bonds, municipal bonds, treasury bonds, warrants, and units1%
How many clients does Mokan Wealth Management have?
Mokan Wealth Management has 173 clients and manages $250 million for them, as of October 2026. They include 93 high-net-worth individuals and 80 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026
What services does Mokan Wealth Management offer?
Mokan Wealth Management provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, 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 Mokan Wealth Management charge?
Mokan Wealth Management charges 1.00%–1.50% a year for its Ongoing financial planning and investment management. The fee is billed in arrears and is negotiable.
Which custodians does Mokan Wealth Management use?
Mokan Wealth Management’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $250M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026
How many financial advisors does Mokan Wealth Management have?
Mokan Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Mokan Wealth Management invest in?
At the end of its last fiscal year, Mokan Wealth Management’s separately managed accounts held 60% exchange-traded equities, 36% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% other. The 1% other category is described as: Fixed Income, Corporate Bonds, Municipal Bonds, Treasury Bonds, Warrants, and Units.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Mokan Wealth Management?
Mokan Wealth Management’s direct owner is Kyle Hammerschmidt (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 October 2026
How does Mokan Wealth Management get paid?
Mokan Wealth Management 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 Mokan Wealth Management?
Mokan Wealth Management’s main office is at 14221 Metcalf Ave #150, Overland Park, KS 66223. Its phone number is 913-257-3991. Its website is mokanwealth.com.