Praetorian Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and education planning. Financial planning was provided to 251–500 clients last fiscal year.
Praetorian Wealth Management reports 470 clients. They include 282 individual clients, 175 high-net-worth individuals and 9 charitable organizations. Of its assets, 100.0% ($599M across 1,839 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 17% |
| High-net-worth individuals | 37% | 82% |
| Charitable organizations | 2% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 282 | $103M | 17.2% | $365K |
| High-net-worth individuals | 175 | $489M | 81.7% | $2.79M |
| Charitable organizations | 9 | $4.94M | 0.8% | $549K |
| Corporations and other businesses | 4 | $1.84M | 0.3% | $460K |
| Total | 470 | $599M | 100% | $1.27M |
- Clients
- 282
- Regulatory AUM
- $103M
- AUM share
- 17.2%
- Avg. per client
- $365K
- Clients
- 175
- Regulatory AUM
- $489M
- AUM share
- 81.7%
- Avg. per client
- $2.79M
- Clients
- 9
- Regulatory AUM
- $4.94M
- AUM share
- 0.8%
- Avg. per client
- $549K
- Clients
- 4
- Regulatory AUM
- $1.84M
- AUM share
- 0.3%
- Avg. per client
- $460K
Total
- Clients
- 470
- Regulatory AUM
- $599M
- AUM share
- 100%
- Avg. per client
- $1.27M
- 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
- 251–500
Praetorian Wealth Management charges 1.00%–1.50% a year for its Investment Management and Financial Planning. The whole portfolio is charged at the rate of its band. The fee is billed in advance and has a $4,000 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.50% |
| $2M–$5M | 1.25% |
| $5M and above | 1.00% |
Fee details and sources
Other fees
- 529 Account Guidance and Monitoring
- Investment guidance and monitoring for client 529 accounts at a reduced fee rate of 0.50% annually, billed quarterly, if agreed in writing before account opening or funding.
Richard Hewitt owns 25% to 50% of Praetorian Wealth Management. The leadership team of Praetorian Wealth Management includes President Richard Hewitt. It has 8 employees.
Leadership
Richard HewittPresident&chief Compliance Officer- Jerome LedzinskiManaging Director
- James McNultyShareholder
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 8 in advisory functions
- 8 state-registered reps
- Owns 25% to 50% of Praetorian Wealth Management, Inc.
Richard Hewitt
Control person · since July 2008
- Owns 25% to 50% of Praetorian Wealth Management, Inc.
Jerome Ledzinski
Control person · since July 2008
Praetorian Wealth Management’s regulatory assets grew 1.9× from $324M (June 2021) to $599M (January 2026); clients rose from 322 to 470 and employees from 7 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $599M | 470 | 8 | 1 |
| January 2025 | $499M | 421 | 8 | 1 |
| January 2024 | $428M | 375 | 8 | 1 |
| January 2023 | $348M | 376 | 7 | 1 |
| January 2022 | $384M | 359 | 7 | 1 |
| June 2021 | $324M | 322 | 7 | 1 |
Besides its headquarters, Praetorian Wealth Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3775 Via Nona Marie, Suite 220, CarmelHQ
Contact and registration details
- Legal name
- Praetorian Wealth Management, Inc.
- Headquarters
- 3775 Via Nona Marie, Suite 220, Carmel, CA 93923
- Website
- praetorianguard.biz
- Phone
- 831-622-9600
- SEC file
- 801-69431
- Founded
- 2008
- Structure
- California corporation
- Fiscal year end
- December
Praetorian Wealth Management has custody of $16.2M in client assets for 2 clients.
At year end, Praetorian Wealth Management’s separately managed accounts were mostly in stocks (80%) and bonds (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $580M across 84 positions; the largest are Vanguard Mega Cap Growth ETF (13.0%), Vanguard Mega Cap Value ETF (10.7%) and Vanguard FTSE Developed Markets ETF (7.5%).
What the accounts hold
- Stocks80%
- Bonds18%
- State and local bonds9%
- Investment grade corporate bonds9%
- Cash2%
- Other1%
- Annuities1%
Reported 13F holdings
- $580M
- Reported 13F value
- 84
- Positions
- 63.2%
- In the 10 largest
- +10.1%
- Value vs. prior quarter
- Vanguard Mega Cap Growth ETFETF13.0%
- Vanguard Mega Cap Value ETFETF10.7%
- Vanguard FTSE Developed Markets ETFETF7.5%
- Ivw - iShares S&P 500 Growth ETFETF7.4%
- Ive - iShares S&0 500 Value ETFETF5.0%
- Vanguard Mid Cap Growth ETFETF4.5%
- Vanguard Mega Cap Core ETFETF4.5%
- Vanguard Index Fds Mid-cap Value Index Viper Shs ETFETF3.6%
- Vanguard FTSE Emerging Markets ETFETF3.5%
- Vgt - Vanguard Information Technology ETFETF3.5%
Together, the ten largest are 63.2% of reported value.
How many clients does Praetorian Wealth Management have?
Praetorian Wealth Management has 470 clients and manages $599 million for them, as of January 2026. They include 282 individual clients, 175 high-net-worth individuals and 9 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 January 2026
What services does Praetorian Wealth Management offer?
Praetorian Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and education 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 Praetorian Wealth Management charge?
Praetorian Wealth Management charges 1.00%–1.50% a year for its Investment Management and Financial Planning. The whole portfolio is charged at the rate of its band. The fee is billed in advance and has a $4,000 annual minimum.
Source: PWM INC ADV PART 2 BROCHURE 5 JANUARY 2026, filed 9 January 2026
How many financial advisors does Praetorian Wealth Management have?
Praetorian Wealth Management has 8 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 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 Praetorian Wealth Management invest in?
At the end of its last fiscal year, Praetorian Wealth Management’s separately managed accounts held 80% exchange-traded equities, 9% state and local bonds, 9% investment grade corporate bonds, 2% cash and equivalents and 1% other. The 1% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Praetorian Wealth Management?
Praetorian Wealth Management’s direct owners are Richard Hewitt and Jerome Ledzinski, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 9 January 2026
How does Praetorian Wealth Management get paid?
Praetorian 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 Praetorian Wealth Management registered with the SEC?
Yes, Praetorian Wealth Management has been registered with the SEC as an investment adviser since 7 August 2008. Its CRD number is 147814 and its SEC file number is 801-69431.
Source: Form ADV Part 1A, Item 1, filed 9 January 2026; IAPD firm record
How do I contact Praetorian Wealth Management?
Praetorian Wealth Management’s main office is at 3775 Via Nona Marie, Suite 220, Carmel, CA 93923. Its phone number is 831-622-9600. Its website is praetorianguard.biz.