Tradition Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and insurance. Financial planning was provided to 1,500 clients last fiscal year.
Tradition Wealth Management reports 2,244 clients. They include 1,576 individual clients, 579 high-net-worth individuals, and 69 pension and profit-sharing plans. Of its assets, 97.9% ($2.55B across 5,756 accounts) are managed with discretion; $54.3M across 15 accounts are not. It advised 162 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 15% |
| High-net-worth individuals | 26% | 71% |
| Pension and profit-sharing plans | 3% | 14% |
| Charitable organizations | Fewer than 5 | <1% |
| 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) | 1,576 | $383M | 14.7% | $243K |
| High-net-worth individuals | 579 | $1.84B | 70.7% | $3.18M |
| Pension and profit-sharing plans | 69 | $353M | 13.6% | $5.12M |
| Charitable organizations | Fewer than 5 | $151K | 0.0% | — |
| Corporations and other businesses | 20 | $25.4M | 1.0% | $1.27M |
| Total | 2,244 | $2.6B | 100% | — |
- Clients
- 1,576
- Regulatory AUM
- $383M
- AUM share
- 14.7%
- Avg. per client
- $243K
- Clients
- 579
- Regulatory AUM
- $1.84B
- AUM share
- 70.7%
- Avg. per client
- $3.18M
- Clients
- 69
- Regulatory AUM
- $353M
- AUM share
- 13.6%
- Avg. per client
- $5.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $151K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 20
- Regulatory AUM
- $25.4M
- AUM share
- 1.0%
- Avg. per client
- $1.27M
Total
- Clients
- 2,244
- Regulatory AUM
- $2.6B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 162
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1500
Tradition Wealth Management charges 1.50%–2.00% a year for its Asset Management Program. The fee is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- 1031 Exchange Consulting
- A one-time fee of up to 5% of the assets of the completed 1031 Exchange Plan, due on implementation.
- Financial Planning
- Fixed fee up to $50,000 or hourly at $300 an hour, negotiable; half of the estimated fee is due when the advisory agreement is signed.
- UMA Advisory Fee
- Tradition Wealth's own advisory fee within the Unified Managed Account Program is not to exceed 0.80%, is negotiable and is deducted quarterly.
Chadwick Schumacher owns 25% to 50% of Tradition Wealth Management. The leadership team of Tradition Wealth Management includes Chief Compliance Officer Mark Walsingham. It has 32 employees, 30 of them in advisory roles.
Staff
- 32 employees
- 30 in advisory functions
- 26 state-registered reps
- 17 broker-dealer reps
- 22 insurance agents
- 1 soliciting firm
- Owns 25% to 50% of Tradition Wealth Management LLC
Chadwick Schumacher
Control person · since February 2003
- Owns 10% to 25% of Tradition Wealth Management LLC
Timothy Gunderson
since June 2006
- Owns 10% to 25% of Tradition Wealth Management LLC
John Hause
since June 2006
- Owns 10% to 25% of Tradition Wealth Management LLC
Bradley Johnson
since June 2006
Tradition Wealth Management’s regulatory assets grew 3.1× from $848M (March 2021) to $2.6B (June 2026); clients rose from 1,200 to 2,244 and employees from 20 to 32.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jun 2026June 2026 | $2.6B | 2,244 | 32 | 4 |
| Mar 2025March 2025 | $1.95B | 2,162 | 28 | 4 |
| Mar 2024March 2024 | $1.52B | 1,977 | 27 | 4 |
| Mar 2023March 2023 | $1.09B | 1,482 | 26 | 3 |
| Mar 2022March 2022 | $1.15B | 1,347 | 23 | 3 |
| Mar 2021March 2021 | $848M | 1,200 | 20 | 3 |
Besides its headquarters, Tradition Wealth Management has 3 offices, with 4 listed addresses across 2 states.
Minnesota · 3 listed addresses
- 7601 France Avenue South, Suite 100, EdinaHQ
- 7616 Currell Boulevard, Woodbury
- 100 Lake Street West, Wayzata
Arizona · 1 listed address
- 14850 N Scottsdale Road, Scottsdale
Contact and registration details
- Legal name
- Tradition Wealth Management LLC
- Headquarters
- 7601 France Avenue South, Suite 100, Edina, MN 55435
- Phone
- 952-563-6500
- @24429914
- SEC file
- 801-62666
- Founded
- 2003
- Structure
- Minnesota LLC
- Fiscal year end
- December
Tradition Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($678M). Tradition Wealth Management has custody of $611M for 906 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $678M100%
At year end, Tradition Wealth Management’s separately managed accounts were mostly in funds (68%) and stocks (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.64B across 559 positions; the largest are J P Morgan Exchange Traded F (3.4%), Schwab Strategic TR (3.1%) and J P Morgan Exchange Traded F (2.4%).
What the accounts hold
- Stocks17%
- Exchange-traded equities16%
- Non-exchange-traded equities1%
- Funds68%
- Registered funds67%
- Pooled vehicles1%
- Bonds6%
- Investment grade corporate bonds3%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash9%
How many clients does Tradition Wealth Management have?
Tradition Wealth Management has 2,244 clients and manages $2.6 billion for them, as of June 2026. They include 1,576 individual clients, 579 high-net-worth individuals, and 69 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 June 2026
What services does Tradition Wealth Management offer?
Tradition Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and insurance.
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 Tradition Wealth Management charge?
Tradition Wealth Management charges 1.50%–2.00% a year for its Asset Management Program. The fee is negotiable.
Source: TRADITION WEALTH MANAGEMENT ADVII, filed 12 June 2026
Which custodians does Tradition Wealth Management use?
Tradition Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $678M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 June 2026
How many financial advisors does Tradition Wealth Management have?
Tradition Wealth Management has 26 investment adviser representatives registered with state securities authorities, out of 32 employees, and 30 perform investment advisory functions. 17 employees are registered representatives of a broker-dealer and 22 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 Tradition Wealth Management invest in?
At the end of its last fiscal year, Tradition Wealth Management’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 9% cash and equivalents, 3% investment grade corporate bonds, 2% U.S. government and agency bonds, 1% non-exchange-traded equities, 1% state and local bonds 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 Tradition Wealth Management?
Tradition Wealth Management’s direct owners are Chadwick Schumacher, Timothy Gunderson, John Hause and Bradley Johnson, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 12 June 2026
How does Tradition Wealth Management get paid?
Tradition Wealth Management is paid through a percentage of assets under management, hourly charges 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
How do I contact Tradition Wealth Management?
Tradition Wealth Management’s main office is at 7601 France Avenue South, Suite 100, Edina, MN 55435. Its phone number is 952-563-6500. Its website is traditionwealthmanagement.com.