Morris & Wells Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Financial planning was provided to 101–250 clients last fiscal year.
Morris & Wells Wealth Management reports 298 clients. They include 275 individuals, 14 corporations and other businesses, and 4 other clients. Of its assets, 99.6% ($984M across 296 accounts) are managed with discretion; $3.72M across 2 accounts are not. It advised 245 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 95% |
| Pension and profit-sharing plans | <1% | 1% |
| Charitable organizations | 1% | 1% |
| Corporations and other businesses | 5% | 2% |
| Other | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 275 | $937M | 94.9% | $3.41M |
| Pension and profit-sharing plans | Fewer than 5 | $14.2M | 1.4% | $7.1M |
| Charitable organizations | Fewer than 5 | $12.9M | 1.3% | $4.29M |
| Corporations and other businesses | 14 | $16.7M | 1.7% | $1.2M |
| Other | Fewer than 5 | $6.78M | 0.7% | $1.7M |
| Total | 298 | $988M | 100% | — |
- Clients
- 275
- Regulatory AUM
- $937M
- AUM share
- 94.9%
- Avg. per client
- $3.41M
- Clients
- Fewer than 5
- Regulatory AUM
- $14.2M
- AUM share
- 1.4%
- Avg. per client
- $7.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $12.9M
- AUM share
- 1.3%
- Avg. per client
- $4.29M
- Clients
- 14
- Regulatory AUM
- $16.7M
- AUM share
- 1.7%
- Avg. per client
- $1.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.78M
- AUM share
- 0.7%
- Avg. per client
- $1.7M
Total
- Clients
- 298
- Regulatory AUM
- $988M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 245
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Morris & Wells Wealth Management is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Elizabeth Morris owns 50% to 75% of Morris & Wells Wealth Management. It has 2 employees.
Leadership
- Elizabeth MorrisMember, CCO
- John WellsMember
Staff
- 2 employees
- 2 in advisory functions
- Owns 50% to 75% of Morris & Wells Wealth Management
Elizabeth Morris
Control person · since January 2014
- Owns 50% to 75% of Morris & Wells Wealth Management
John Wells
Control person · since December 2017
Morris & Wells Wealth Management’s regulatory assets grew from $702M (March 2021) to $988M (March 2026); clients rose from 167 to 298 and employees fell from 4 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $988M | 298 | 2 | 1 |
| June 2025 | $847M | 245 | 3 | 1 |
| July 2024 | $854M | 257 | 4 | 1 |
| January 2023 | $694M | 236 | 4 | 1 |
| March 2022 | $869M | 231 | 4 | 1 |
| March 2021 | $702M | 167 | 4 | 1 |
Besides its headquarters, Morris & Wells Wealth Management has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- 230 Court Square, Ste 102, CharlottesvilleHQ
Contact and registration details
- Legal name
- Morris & Wells Wealth Management
- Headquarters
- 230 Court Square, Ste 102, Charlottesville, VA 22902
- Website
- morrisandwells.com
- Phone
- 434-977-7010
- SEC file
- 801-74976
- Founded
- 1975
- Structure
- Virginia LLC
- Fiscal year end
- December
Morris & Wells Wealth Management uses Charles Schwab ($610M) as custodian for its separately managed accounts. Morris & Wells Wealth Management has custody of $24.1M in client assets for 4 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $610M100%
At year end, Morris & Wells Wealth Management’s separately managed accounts were mostly in stocks (80%) and cash (17%).
What the accounts hold
- Stocks80%
- Bonds3%
- Cash17%
How many clients does Morris & Wells Wealth Management have?
Morris & Wells Wealth Management has 298 clients and manages $988 million for them, as of March 2026. They include 275 individuals, 14 corporations and other businesses, and 4 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 March 2026
What services does Morris & Wells Wealth Management offer?
Morris & Wells Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Morris & Wells Wealth Management use?
Morris & Wells Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $610M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 March 2026
How many financial advisors does Morris & Wells Wealth Management have?
Morris & Wells Wealth Management has 0 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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 Morris & Wells Wealth Management invest in?
At the end of its last fiscal year, Morris & Wells Wealth Management’s separately managed accounts held 80% exchange-traded equities, 17% cash and equivalents and 3% 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 Morris & Wells Wealth Management?
Morris & Wells Wealth Management’s direct owners are Elizabeth Morris (50% to 75%) and John Wells (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 March 2026
How does Morris & Wells Wealth Management get paid?
Morris & Wells Wealth Management is paid through a percentage of assets under management. 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 Morris & Wells Wealth Management registered with the SEC?
Yes, Morris & Wells Wealth Management has been registered with the SEC as an investment adviser since 29 February 2012. Its CRD number is 162411 and its SEC file number is 801-74976.
Source: Form ADV Part 1A, Item 1, filed 16 March 2026; IAPD firm record
How do I contact Morris & Wells Wealth Management?
Morris & Wells Wealth Management’s main office is at 230 Court Square, Ste 102, Charlottesville, VA 22902. Its phone number is 434-977-7010. Its website is morrisandwells.com.