Simplified Wealth Management provides portfolio management for individuals and small businesses.
Simplified Wealth Management reports 712 clients. They include 616 individual clients, 91 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 100.0% ($226M across 1,642 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 33% |
| High-net-worth individuals | 13% | 65% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Corporations and other businesses | <1% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 616 | $73.6M | 32.6% | $119K |
| High-net-worth individuals | 91 | $146M | 64.7% | $1.6M |
| Pension and profit-sharing plans | Fewer than 5 | $3.88M | 1.7% | — |
| Corporations and other businesses | 5 | $2.08M | 0.9% | $417K |
| Total | 712 | $226M | 100% | — |
- Clients
- 616
- Regulatory AUM
- $73.6M
- AUM share
- 32.6%
- Avg. per client
- $119K
- Clients
- 91
- Regulatory AUM
- $146M
- AUM share
- 64.7%
- Avg. per client
- $1.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.88M
- AUM share
- 1.7%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $2.08M
- AUM share
- 0.9%
- Avg. per client
- $417K
Total
- Clients
- 712
- Regulatory AUM
- $226M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Simplified Wealth Management charges 0.50%–2.00% a year for its Asset Management. The fee is billed in advance and is negotiable.
Fee details and sources
Kevin McCormick owns 75% or more of Simplified Wealth Management. It has 9 employees, 7 of them in advisory roles.
Staff
- 9 employees
- 7 in advisory functions
- 7 state-registered reps
- 7 insurance agents
- Owns 75% or more of Simplified Wealth Management, LLC
Kevin McCormick
Control person · since June 2018
Simplified Wealth Management’s regulatory assets grew 2.0× from $115M (March 2022) to $226M (February 2026); clients were 712 in both filings and employees rose from 8 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $226M | 712 | 9 | 1 |
| Jan 2025January 2025 | $179M | 681 | 7 | 1 |
| Feb 2024February 2024 | $156M | 626 | 7 | 1 |
| Jul 2023July 2023 | $121M | 827 | 6 | 1 |
| Mar 2022March 2022 | $115M | 745 | 8 | 2 |
Besides its headquarters, Simplified Wealth Management has 0 offices, with 1 listed address in 1 state.
Mississippi · 1 listed address
- 14 Orleans Drive, HattiesburgHQ
Contact and registration details
- Legal name
- Simplified Wealth Management, LLC
- Headquarters
- 14 Orleans Drive, Hattiesburg, MS 39402
- Website
- mysimplifiedwealth.com
- Phone
- 601-336-4265
- SEC file
- 801-123772
- Structure
- Mississippi LLC
- Fiscal year end
- December
Simplified Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($221M). Simplified Wealth Management has custody of $49.9M for 372 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $221M100%
At year end, Simplified Wealth Management’s separately managed accounts were mostly in funds (77%) and stocks (14%).
What the accounts hold
- Stocks14%
- Exchange-traded equities13%
- Non-exchange-traded equities1%
- Funds77%
- Registered funds76%
- Pooled vehicles1%
- Bonds9%
- Investment grade corporate bonds4%
- U.S. government and agency bonds3%
- State and local bonds2%
How many clients does Simplified Wealth Management have?
Simplified Wealth Management has 712 clients and manages $226 million for them, as of February 2026. They include 616 individual clients, 91 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 February 2026
What services does Simplified Wealth Management offer?
Simplified Wealth Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Simplified Wealth Management charge?
Simplified Wealth Management charges 0.50%–2.00% a year for its Asset Management. The fee is billed in advance and is negotiable.
Which custodians does Simplified Wealth Management use?
Simplified Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $221M. 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 February 2026
How many financial advisors does Simplified Wealth Management have?
Simplified Wealth Management has 7 investment adviser representatives registered with state securities authorities, out of 9 employees, and 7 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 Simplified Wealth Management invest in?
At the end of its last fiscal year, Simplified Wealth Management’s separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 4% investment grade corporate bonds, 3% U.S. government and agency bonds, 2% state and local bonds, 1% non-exchange-traded equities and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Simplified Wealth Management?
Simplified Wealth Management’s direct owner is Kevin McCormick (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 February 2026
How does Simplified Wealth Management get paid?
Simplified 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
How do I contact Simplified Wealth Management?
Simplified Wealth Management’s main office is at 14 Orleans Drive, Hattiesburg, MS 39402. Its phone number is 601-336-4265. Its website is mysimplifiedwealth.com.