Peerless Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, pension consulting, and selecting other managers.
Peerless Wealth reports 220 clients. They include 140 individual clients, 79 high-net-worth individuals and 1 investment company. Of its assets, 100.0% ($149M across 421 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 22% |
| High-net-worth individuals | 36% | 60% |
| Investment companies | <1% | 18% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 140 | $33.3M | 22.4% | $238K |
| High-net-worth individuals | 79 | $88.9M | 59.8% | $1.13M |
| Investment companies | 1 | $26.5M | 17.8% | $26.5M |
| Total | 220 | $149M | 100% | $676K |
- Clients
- 140
- Regulatory AUM
- $33.3M
- AUM share
- 22.4%
- Avg. per client
- $238K
- Clients
- 79
- Regulatory AUM
- $88.9M
- AUM share
- 59.8%
- Avg. per client
- $1.13M
- Clients
- 1
- Regulatory AUM
- $26.5M
- AUM share
- 17.8%
- Avg. per client
- $26.5M
Total
- Clients
- 220
- Regulatory AUM
- $149M
- AUM share
- 100%
- Avg. per client
- $676K
- 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
- 0
Peerless Wealth charges 1.00%–1.50% a year for its Investment Management Fee Structure. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed hourly at $250.00 per hour unless negotiated otherwise.
- Qualified Plan Consulting
- Qualified plan consulting fees are negotiated case by case and can range up to 1.00% of plan assets on an annual basis.
Erik Thompson owns 75% or more of Peerless Wealth. The leadership team of Peerless Wealth includes President Erik Thompson. It has 4 employees.
Leadership
Erik ThompsonPresident & CCO
Robert PascarellaMinority Owner
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 1 broker-dealer rep
- 2 soliciting firms
- Owns 75% or more of Peerless Wealth LLC
Erik Thompson
Control person · since September 2019
Peerless Wealth’s regulatory assets grew 1.7× from $87.8M (March 2024) to $149M (August 2026); clients rose from 163 to 220 and employees from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $149M | 220 | 4 | 2 |
| March 2025 | $102M | 178 | 3 | 1 |
| March 2024 | $87.8M | 163 | 2 | 1 |
Besides its headquarters, Peerless Wealth has 1 office, with 2 listed addresses in Ohio and Texas.
Ohio · 1 listed address
- 1 E. Campus View BLVD., Suite 210, ColumbusHQ
Texas · 1 listed address
- 3350 Spring Stuebner RD. Ste #400, Spring
Other business names
Peerless Wealth has reported 3 other business names to the SEC.
- PW
- Peerless
- Peerless Wealth
Contact and registration details
- Legal name
- Peerless Wealth LLC
- Headquarters
- 1 E. Campus View BLVD., Suite 210, Columbus, OH 43235
- Website
- peerless-wealth.com
- Phone
- 614-824-2824
- SEC file
- 801-129909
- Structure
- Ohio LLC
- Fiscal year end
- December
Peerless Wealth uses Charles Schwab ($122M, 82%) and U.S. Bank National Association ($26.5M, 18%) as custodians for its separately managed accounts. Peerless Wealth does not have custody of client assets.
- U.S. Bank National AssociationU.S. Bank National Association · Milwaukee, WI · $26.5M18%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $122M82%
At year end, Peerless Wealth’s separately managed accounts were mostly in stocks (89%).
What the accounts hold
- Stocks89%
- Non-exchange-traded equities49%
- Exchange-traded equities40%
- Funds5%
- Other1%
- Derivatives1%
Filed values cover 95%. The neutral 5% gap has no reported category.
How many clients does Peerless Wealth have?
Peerless Wealth has 220 clients and manages $149 million for them, as of August 2026. They include 140 individual clients, 79 high-net-worth individuals and 1 investment company.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 August 2026
What services does Peerless Wealth offer?
Peerless Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, 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 Peerless Wealth charge?
Peerless Wealth charges 1.00%–1.50% a year for its Investment Management Fee Structure. The fee is billed in advance and is negotiable.
Which custodians does Peerless Wealth use?
Peerless Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $122M and U.S. Bank National Association (Milwaukee, WI), with $26.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 August 2026
How many financial advisors does Peerless Wealth have?
Peerless Wealth has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 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 Peerless Wealth invest in?
At the end of its last fiscal year, Peerless Wealth’s separately managed accounts held 49% non-exchange-traded equities, 40% exchange-traded equities, 5% registered funds (mutual funds, ETFs, BDCs) and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Peerless Wealth?
Peerless Wealth’s direct owner is Erik Thompson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 August 2026
How does Peerless Wealth get paid?
Peerless Wealth is paid through a percentage of assets under management and hourly charges. 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 Peerless Wealth?
Peerless Wealth’s main office is at 1 E. Campus View BLVD., Suite 210, Columbus, OH 43235. Its phone number is 614-824-2824. Its website is peerless-wealth.com.