Northwest Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Northwest Wealth Management reports 2,128 clients. They include 1,862 individual clients, 223 high-net-worth individuals and 21 charitable organizations. Of its assets, 100.0% ($1.03B across 4,274 accounts) are managed with discretion. It advised 35 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 88% | 34% |
| High-net-worth individuals | 10% | 59% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | 2% |
| Corporations and other businesses | <1% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,862 | $350M | 33.9% | $188K |
| High-net-worth individuals | 223 | $611M | 59.3% | $2.74M |
| Pension and profit-sharing plans | 5 | $2.9M | 0.3% | $580K |
| Charitable organizations | 21 | $19M | 1.8% | $905K |
| Corporations and other businesses | 17 | $48.7M | 4.7% | $2.87M |
| Total | 2,128 | $1.03B | 100% | $485K |
- Clients
- 1,862
- Regulatory AUM
- $350M
- AUM share
- 33.9%
- Avg. per client
- $188K
- Clients
- 223
- Regulatory AUM
- $611M
- AUM share
- 59.3%
- Avg. per client
- $2.74M
- Clients
- 5
- Regulatory AUM
- $2.9M
- AUM share
- 0.3%
- Avg. per client
- $580K
- Clients
- 21
- Regulatory AUM
- $19M
- AUM share
- 1.8%
- Avg. per client
- $905K
- Clients
- 17
- Regulatory AUM
- $48.7M
- AUM share
- 4.7%
- Avg. per client
- $2.87M
Total
- Clients
- 2,128
- Regulatory AUM
- $1.03B
- AUM share
- 100%
- Avg. per client
- $485K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 35
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Northwest Wealth Management charges 0.40%–1.25% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $1,000 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1M | 0.90% |
| $1M–$2M | 0.80% |
| $2M–$3M | 0.70% |
| $3M–$5M | 0.50% |
| $5M and above | 0.40% |
Fee details and sources
Other fees
- Counseling and Financial Planning
- A fixed fee per project, set by the representative and disclosed before signing; one-half is due at the start and the balance on delivery of the plan.
Northwest Financial Corp. owns 75% or more of Northwest Wealth Management and is in turn owned by Cornelius Conover IV (25–50%). The leadership team of Northwest Wealth Management includes President Gregory Post and Chief Operating Officer Eric Van Der Heide. It has 26 employees, 14 of them in advisory roles.
Leadership
- Gregory PostVice President
- Eric Van Der HeidePresident, Chief Operating Officer, Chief Compliance Officer
- Cornelius Conover IVSecretary-Treasurer
Investment adviser representatives
21 representatives listed in the SEC register as of 9 October 2026.
- Jared Todd Barnett
- Danielle Marie Brink
- Zachary Scott Clark
- Bryson Richard Duncan
- Lance Bartley Evans
- Nicole Chantel Evans
- Katy Laura Guinn
- Garrett William Heater
- Dean M Jacobsen
- Jed Lane Jensen
- Alex Curtis Johnson
- Joni Kaye Kellen
- Rebecca C McGinnis MS
- Jodi L Minard
- Jeffrey Dean Ploeger
- Connie Jean Schmidt
- James Robert Shoquist
- Wendy Scott Stenberg
- Michael James Storey
- Eric Joel Van Der Heide
- Jason Brent Vande Brake
Staff
- 26 employees
- 14 in advisory functions
- 21 state-registered reps
- 14 insurance agents
- Owns 75% or more of Northwest Wealth Management, LLC
Northwest Financial Corp.
Control person · since December 2009
- Owns 25% to 50% of Northwest Financial Corp.
Cornelius Conover IV
Control person · since December 1988
- Owns 25% to 50% of Northwest Wealth Management, LLC
Dwight Conover
Control person · since December 1988
Northwest Wealth Management’s regulatory assets grew 1.9× from $536M (March 2021) to $1.03B (July 2026); clients rose from 1,801 to 2,128 and employees from 24 to 26.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $1.03B | 2,128 | 26 | 12 |
| March 2025 | $865M | 2,022 | 24 | 12 |
| March 2024 | $718M | 1,948 | 24 | 11 |
| March 2023 | $605M | 1,898 | 25 | 11 |
| May 2022 | $648M | 1,776 | 26 | 11 |
| March 2021 | $536M | 1,801 | 24 | 10 |
Besides its headquarters, Northwest Wealth Management has 11 offices, with 12 listed addresses in Iowa and Nebraska.
Iowa · 11 listed addresses
- 1607 W. 18th Street, SpencerHQ
- 111 Central Avenue, Le Mars
- 1005 SW Oralabor RD, Ankeny
- 5700 University Avenue, West Des Moines
- 10 N. 29th Street, Fort Dodge
- 46 N Hwy 71, Arnolds Park
- 5801 Sunnybrook Drive, Sioux City
- 705 North Grand Ave., Spencer
- 1008 18th St., Spirit Lake
- 100 S 16th Street, Ames
- 242 North Main Avenue, Sioux Center
Nebraska · 1 listed address
- 14320 Arbor St, Omaha
Contact and registration details
- Legal name
- Northwest Wealth Management, LLC
- Headquarters
- 1607 W. 18th Street, Spencer, IA 51301
- Website
- invest-northwest.com
- Phone
- 877-207-0994
- @16225959
- SEC file
- 801-72545
- Structure
- Iowa LLC
- Fiscal year end
- December
Northwest Wealth Management uses Charles Schwab ($948M, 92%) and Fidelity ($79.5M, 8%) as custodians for its separately managed accounts. Northwest Wealth Management has custody of $40.1M in client assets for 32 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $948M92%
- FidelityNational Financial Services LLC · Boston, MA · $79.5M8%
At year end, Northwest Wealth Management’s separately managed accounts were mostly in funds (69%) and stocks (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $758M across 265 positions; the largest are Vanguard Scottsdale Fds (9.2%), iShares TR (8.8%) and Dimensional ETF Trust (7.9%).
What the accounts hold
- Stocks15%
- Funds69%
- Bonds11%
- State and local bonds7%
- U.S. government and agency bonds4%
- Cash5%
Reported 13F holdings
- $758M
- Reported 13F value
- 265
- Positions
- 49.6%
- In the 10 largest
- +13.9%
- Value vs. prior quarter
- Vanguard Scottsdale Fds · Inter Term Treas9.2%
- iShares TR · Core S&P Ttl Stk8.8%
- Dimensional ETF Trust · US Cor Equ 2 ETF7.9%
- Dimensional ETF Trust · Shor Dur Fix ETF4.0%
- Vanguard Malvern Fds · Strm Infproidx4.0%
- Vanguard Index Fds · Total Stk Mkt3.7%
- American Centy ETF TR · Intl Smcp Vlu3.5%
- American Centy ETF TR · US Sml CP Valu3.5%
- iShares TR · Core MSCI Intl3.0%
- Dimensional ETF Trust · Emerging Mkts CO2.0%
Together, the ten largest are 49.6% of reported value.
How many clients does Northwest Wealth Management have?
Northwest Wealth Management has 2,128 clients and manages $1.03 billion for them, as of July 2026. They include 1,862 individual clients, 223 high-net-worth individuals and 21 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 July 2026
What services does Northwest Wealth Management offer?
Northwest Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Northwest Wealth Management charge?
Northwest Wealth Management charges 0.40%–1.25% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $1,000 annual minimum.
Source: PART 2A, filed 12 March 2026
Which custodians does Northwest Wealth Management use?
Northwest Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $948M and National Financial Services LLC (Boston, MA), with $79.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 July 2026
How many financial advisors does Northwest Wealth Management have?
Northwest Wealth Management has 21 investment adviser representatives registered with state securities authorities, out of 26 employees, and 14 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 14 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 Northwest Wealth Management invest in?
At the end of its last fiscal year, Northwest Wealth Management’s separately managed accounts held 69% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 7% state and local bonds, 5% cash and equivalents and 4% 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 Northwest Wealth Management?
Northwest Wealth Management is owned through a holding company by Cornelius Conover IV. Its direct owners are Northwest Financial Corp. (75% or more) and Dwight Conover (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 July 2026
How does Northwest Wealth Management get paid?
Northwest 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
Is Northwest Wealth Management registered with the SEC?
Yes, Northwest Wealth Management has been registered with the SEC as an investment adviser since 5 July 2011. Its CRD number is 152816 and its SEC file number is 801-72545.
Source: Form ADV Part 1A, Item 1, filed 6 July 2026; IAPD firm record
How do I contact Northwest Wealth Management?
Northwest Wealth Management’s main office is at 1607 W. 18th Street, Spencer, IA 51301. Its phone number is 877-207-0994. Its website is invest-northwest.com.