{"url":"https://nivawealth.com/firms/morris-and-wells-wealth-management-162411","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/162411","regulatoryAum":987926210,"crd":"162411","history":[{"filedOn":"2021-03-31","regulatoryAum":701870055,"clients":167,"employees":4,"offices":1},{"filedOn":"2022-03-29","regulatoryAum":868789030,"clients":231,"employees":4,"offices":1},{"filedOn":"2023-01-05","regulatoryAum":694261392,"clients":236,"employees":4,"offices":1},{"filedOn":"2024-07-22","regulatoryAum":853709732,"clients":257,"employees":4,"offices":1},{"filedOn":"2025-06-23","regulatoryAum":847034114,"clients":245,"employees":3,"offices":1},{"filedOn":"2026-03-16","regulatoryAum":987926210,"clients":298,"employees":2,"offices":1}],"secFileNumber":"801-74976","legalName":"Morris & Wells Wealth Management","displayName":"Morris & Wells Wealth 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2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":3408489.116363636,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":987926210,"discretionary":984203738,"discretionaryAccounts":296,"nonDiscretionary":3722472,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":245},"clientTypes":[{"label":"Individuals (other than HNW)","clients":275,"regulatoryAum":937334507},{"label":"Pension and profit-sharing plans","clients":2,"fewerThan5":true,"regulatoryAum":14194979},{"label":"Charitable organizations","clients":3,"fewerThan5":true,"regulatoryAum":12867200},{"label":"Corporations and other businesses","clients":14,"regulatoryAum":16747364},{"label":"Other","clients":4,"fewerThan5":true,"regulatoryAum":6782160}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T07:02:31.612792+00:00","documents":[{"name":"M&W BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019675","versionId":1019675,"submittedOn":"2026-03-16"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Orlando, FL","smaAssets":609600000}],"custodyNote":"Morris & Wells Wealth Management has custody of $24.1M in client assets for 4 clients.","leadership":[{"name":"Elizabeth Morris","title":"Member, CCO","crd":"6315153"},{"name":"John Wells","title":"Member","crd":"6932412"}],"ownership":[{"label":"Elizabeth Morris","detail":"Member, cco in the 50% to 75% ownership band and a control person, since January 2014."},{"label":"John Wells","detail":"Member in the 50% to 75% ownership band and a control person, since December 2017."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Virginia","offices":1,"addresses":[{"street":"230 Court Square, Ste 102","city":"Charlottesville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"434-977-7010","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":80},{"label":"U.S. government/agency bonds","percent":3},{"label":"Cash and cash equivalents","percent":17}],"privateFunds":0},"sources":{"adv1FilingDate":"16 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/162411/PDF/162411.pdf","brochureDate":"16 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019675","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Morris & Wells Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Morris & Wells Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Morris & Wells Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Morris & Wells Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Morris & Wells Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Morris & Wells Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Morris & Wells Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Morris & Wells Wealth Management registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Morris & Wells Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 16 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}