Private Wealth Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, business succession planning, insurance, and retirement plan services. Financial planning was provided to 1–10 clients last fiscal year.
Private Wealth Asset Management reports 559 clients. They include 406 high-net-worth individuals and 153 individual clients. Of its assets, 100.0% ($2.52B across 2,268 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 27% | 2% |
| High-net-worth individuals | 73% | 98% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 153 | $61.9M | 2.5% | $405K |
| High-net-worth individuals | 406 | $2.46B | 97.5% | $6.06M |
| Total | 559 | $2.52B | 100% | $4.51M |
- Clients
- 153
- Regulatory AUM
- $61.9M
- AUM share
- 2.5%
- Avg. per client
- $405K
- Clients
- 406
- Regulatory AUM
- $2.46B
- AUM share
- 97.5%
- Avg. per client
- $6.06M
Total
- Clients
- 559
- Regulatory AUM
- $2.52B
- AUM share
- 100%
- Avg. per client
- $4.51M
- 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
- 1–10
Private Wealth Asset Management charges 0.40%–1.20% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.20% |
| $2M–$5M | 0.75% |
| $5M–$10M | 0.60% |
| $10M–$20M | 0.50% |
| $20M and above | 0.40% |
Fee details and sources
Other fees
- Fixed income accounts
- Households allocated 90% or more to fixed income pay 0.45% on the first $5 million, 0.35% on the next $5 million, 0.30% on the next $5 million and 0.25% above $15 million.
- Wealth management services
- Wealth management services are a negotiated flat fee paid in installments, usually over a twelve-month term.
Pwam Advisor Partners owns 50% to 75% of Private Wealth Asset Management. Kimberly Cappellano is CEO; the leadership team includes President Wendy Brekken, Chief Investment Officer Brett Halley and Chief Compliance Officer Matthew Murray. It has 32 employees, 22 of them in advisory roles.
Leadership
- Kimberly CappellanoChief Executive Officer
- Wendy BrekkenPresident
- Matthew MurrayChief Compliance Officer
- Brett HalleyChief Investment Officer
Investment adviser representatives
22 representatives listed in the SEC register as of 9 October 2026.
- Michelle DaRee Acton
- David Edward Arens
- Wendy Marie Brekken
- Christine Marie Casey
- Deanna Lynn Connell
- Timothy Edward Durbin
- Gayle Ann Fincher
- Benjamin Daniel Goethel
- Brett Warren Halley
- David Don Holtorf
- Bryan Jarman
- Michael Leabo
- Hayden Richard Passmore
- Zachary Blackwell Ritchey
- Giovani J Rodriquez Martinez
- Russell Wayne Samples
- Tyler Richard Schlumpf
- Jeffrey H Steiner
- David A Tawil
- Heather Fortune Vestweber
- Madison Ann Vestweber
- Debra Marie Wilkens
Staff
- 32 employees
- 22 in advisory functions
- 22 state-registered reps
- 7 insurance agents
- Owns 50% to 75% of Private Wealth Asset Management, LLC
Pwam Advisor Partners
Control person · since September 2021
- Owns 10% to 25% of Private Wealth Asset Management, LLC
Omaha Capital 19 LLC
since September 2024
- Owns 75% or more of Omaha Capital 19 LLC
Robert Foster
since September 2024
- Owns 5% to 10% of Private Wealth Asset Management, LLC
Garage Row Oz LLC
since May 2021
- Owns 75% or more of Garage Row Oz LLC
Commercial Court One, LLC
since May 2021
- Owns 75% or more of Commercial Court One, LLC
Thomas Klauer
since May 2021
Private Wealth Asset Management’s regulatory assets grew 4.1× from $617M (May 2022) to $2.52B (September 2026); clients rose from 172 to 559 and employees from 16 to 32.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $2.52B | 559 | 32 | 7 |
| March 2025 | $1.85B | 483 | 37 | 7 |
| July 2024 | $1.61B | 452 | 37 | 6 |
| January 2023 | $926M | 313 | 42 | 6 |
| May 2022 | $617M | 172 | 16 | 6 |
Besides its headquarters, Private Wealth Asset Management has 6 offices, with 7 listed addresses across 4 states.
Texas · 3 listed addresses
- 5656 S. Staples, Corpus Christi
- 112 East Pecan Street, San Antoni0
- 901b Tradewinds BLVD, Midland
Iowa · 2 listed addresses
- 411 6th Ave. Se, Cedar Rapids
- 315 5th Street, West Des Moines
Missouri · 1 listed address
- 1 N Brentwood BLVD., St. Louis
Nebraska · 1 listed address
- 1100 Capitol Avenue, Suite 200, OmahaHQ
Contact and registration details
- Legal name
- Private Wealth Asset Management, LLC
- Headquarters
- 1100 Capitol Avenue, Suite 200, Omaha, NE 68102
- Website
- privatewealth.com
- Phone
- 402-227-4208
- @private-wealth-asset-management
- SEC file
- 801-122065
- Founded
- 2021
- Structure
- Delaware LLC
- Fiscal year end
- December
Private Wealth Asset Management uses Fidelity ($2.52B) as custodian for its separately managed accounts. Private Wealth Asset Management has custody of $2.26B in client assets for 541 clients.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $2.52B100%
At year end, Private Wealth Asset Management’s separately managed accounts were largely in stocks (41%) and funds (40%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.04B across 930 positions; the largest are iShares Core S&P 500 ETF (10.2%), iShares Trust Core MSCI Eafe ETF (7.0%) and iShares Core MSCI Emerging Markets ETF (6.5%).
What the accounts hold
- Stocks41%
- Funds40%
- Registered funds38%
- Pooled vehicles2%
- Bonds13%
- State and local bonds11%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash6%
Reported 13F holdings
- $1.04B
- Reported 13F value
- 930
- Positions
- 44.0%
- In the 10 largest
- +10.9%
- Value vs. prior quarter
- iShares Core S&P 500 ETF · Core S&P500 ETF10.2%
- iShares Trust Core MSCI Eafe ETF · Core MSCI Eafe7.0%
- iShares Core MSCI Emerging Markets ETF · Core MSCI Emkt6.5%
- iShares Core S&P Mid-cap ETF · Core S&P Mcp ETF6.1%
- iShares Core S&P Small-cap E · Core S&P Scp ETF3.4%
- Apple Inc.3.1%
- First TR Exchange-traded FD VI Smid Risng ETF · Smid Risng ETF2.7%
- Microsoft Corp.1.8%
- Berkshire Hathaway Inc. Com Usd0.0033 Class B · CL B New1.7%
- Ssga Active Trust State Street Multi-asset Real Return ETF · ST Str Real ETF1.6%
Together, the ten largest are 44.0% of reported value.
How many clients does Private Wealth Asset Management have?
Private Wealth Asset Management has 559 clients and manages $2.52 billion for them, as of September 2026. They include 406 high-net-worth individuals and 153 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 September 2026
What services does Private Wealth Asset Management offer?
Private Wealth Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers, business succession planning, insurance, and retirement plan services.
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 Private Wealth Asset Management charge?
Private Wealth Asset Management charges 0.40%–1.20% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: PRIVATE WEALTH ASSET MANAGEMENT, LLC ADV PART2A, filed 13 April 2026
Which custodians does Private Wealth Asset Management use?
Private Wealth Asset Management’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $2.52B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 September 2026
How many financial advisors does Private Wealth Asset Management have?
Private Wealth Asset Management has 22 investment adviser representatives registered with state securities authorities, out of 32 employees, and 22 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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 Private Wealth Asset Management invest in?
At the end of its last fiscal year, Private Wealth Asset Management’s separately managed accounts held 41% exchange-traded equities, 38% registered funds (mutual funds, ETFs, BDCs), 11% state and local bonds, 6% cash and equivalents, 2% pooled vehicles (private funds and similar), 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Private Wealth Asset Management?
Private Wealth Asset Management is owned through a chain of holding companies by Thomas Klauer and Robert Foster. Its direct owners are Garage Row Oz LLC (5% to 10%), Pwam Advisor Partners (50% to 75%) and Omaha Capital 19 LLC (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 September 2026
How does Private Wealth Asset Management get paid?
Private Wealth Asset 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 Private Wealth Asset Management registered with the SEC?
Yes, Private Wealth Asset Management has been registered with the SEC as an investment adviser since 12 August 2021. Its CRD number is 315819 and its SEC file number is 801-122065.
Source: Form ADV Part 1A, Item 1, filed 23 September 2026; IAPD firm record
How do I contact Private Wealth Asset Management?
Private Wealth Asset Management’s main office is at 1100 Capitol Avenue, Suite 200, Omaha, NE 68102. Its phone number is 402-227-4208. Its website is privatewealth.com.