Wallington Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, educational seminars, business succession planning, and estate planning. Financial planning was provided to 26–50 clients last fiscal year.
Wallington Asset Management reports 337 clients. They include 197 high-net-worth individuals, 109 individual clients, and 17 pension and profit-sharing plans. Of its assets, 99.8% ($1.31B across 929 accounts) are managed with discretion; $2.91M across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 4% |
| High-net-worth individuals | 58% | 82% |
| Pension and profit-sharing plans | 5% | 12% |
| Charitable organizations | 4% | 2% |
| 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) | 109 | $46.8M | 3.5% | $429K |
| High-net-worth individuals | 197 | $1.08B | 82.2% | $5.5M |
| Pension and profit-sharing plans | 17 | $155M | 11.8% | $9.14M |
| Charitable organizations | 12 | $20.5M | 1.6% | $1.71M |
| Corporations and other businesses | 2 | $11.5M | 0.9% | $5.77M |
| Total | 337 | $1.32B | 100% | $3.91M |
- Clients
- 109
- Regulatory AUM
- $46.8M
- AUM share
- 3.5%
- Avg. per client
- $429K
- Clients
- 197
- Regulatory AUM
- $1.08B
- AUM share
- 82.2%
- Avg. per client
- $5.5M
- Clients
- 17
- Regulatory AUM
- $155M
- AUM share
- 11.8%
- Avg. per client
- $9.14M
- Clients
- 12
- Regulatory AUM
- $20.5M
- AUM share
- 1.6%
- Avg. per client
- $1.71M
- Clients
- 2
- Regulatory AUM
- $11.5M
- AUM share
- 0.9%
- Avg. per client
- $5.77M
Total
- Clients
- 337
- Regulatory AUM
- $1.32B
- AUM share
- 100%
- Avg. per client
- $3.91M
- 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
- 26–50
Wallington Asset Management charges 0.50%–1.00% a year for its Equity and Balanced Asset Management Program. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 4 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$5M | 0.85% |
| $5M–$10M | 0.60% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- 100% Fixed Income Asset Management Program
- Annual fee of 0.50% on the first $10 million and 0.30% above $10 million; generally a $1 million minimum account size.
- Capital Advisory Program
- Annual fee of 0.60% on the first $1 million, 0.50% on the next $4 million, 0.35% on the next $5 million and 0.25% above $10 million.
- Financial planning
- Fixed fees typically $3,000 to $10,000, or hourly fees of $150 to $400; the standard fees may be negotiable.
- Investment consulting
- Fixed, hourly or asset-based fee, negotiable depending on scope and complexity; no standard fee schedule.
Terence Weiss owns 50% to 75% of Wallington Asset Management. The leadership team of Wallington Asset Management includes President Jeffrey Dowden and Chief Compliance Officer John Swhear. It has 17 employees, 8 of them in advisory roles.
Leadership
- Jeffrey DowdenExecutive Vice President
- Terence WeissPresident/Managing Member
- John SwhearChief Compliance Officer
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Michael Anthony Charles
- Jeffrey Germaine Dowden
- Daniel Robert Klemkosky
- Alan Kovalsky
- Bryce Luedtke
- Samuel Oliphant
- Christopher Patrick Weiss
- Terence Paul Weiss
Staff
- 17 employees
- 8 in advisory functions
- 8 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Wallington Asset Management, LLC
Terence Weiss
Control person · since February 2007
- Owns 25% to 50% of Wallington Asset Management, LLC
Family Trust of Terence P. Weiss for the Benefit of Marcia A. Weiss and Decendants
Control person · since December 2024
Wallington Asset Management’s regulatory assets grew from $909M (June 2021) to $1.32B (September 2026); clients were 337 in both filings and employees rose from 16 to 17.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.32B | 337 | 17 | 1 |
| July 2025 | $1.15B | 326 | 18 | 1 |
| March 2024 | $1.05B | 329 | 16 | 1 |
| March 2023 | $930M | 320 | 16 | 1 |
| March 2022 | $1.03B | 339 | 16 | 1 |
| June 2021 | $909M | 332 | 16 | 1 |
Besides its headquarters, Wallington Asset Management has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 8900 Keystone Crossing, Suite 1015, IndianapolisHQ
Contact and registration details
- Legal name
- Wallington Asset Management, LLC
- Headquarters
- 8900 Keystone Crossing, Suite 1015, Indianapolis, IN 46240-2134
- Website
- wallingtonasset.com
- Phone
- 317-575-8670
- @wallingtonasset
- SEC file
- 801-67613
- Founded
- 1988
- Structure
- Indiana LLC
- Fiscal year end
- December
Wallington Asset Management uses Charles Schwab ($1.24B) as custodian for its separately managed accounts. Wallington Asset Management has custody of $361M in client assets for 150 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.24B100%
At year end, Wallington Asset Management’s separately managed accounts were largely in stocks (44%) and bonds (30%). Its reported 13F holdings for the quarter ended 30 June 2026 total $814M across 61 positions; the largest are Vanguard FTSE Developed Market ETF (10.9%), Micron Technology Inc.. (6.1%) and Alphabet Inc.. Class C (4.6%).
What the accounts hold
- Stocks44%
- Funds24%
- Bonds30%
- Investment grade corporate bonds28%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash2%
Reported 13F holdings
- $814M
- Reported 13F value
- 61
- Positions
- 48.6%
- In the 10 largest
- +8.2%
- Value vs. prior quarter
- Vanguard FTSE Developed Market ETFETF10.9%
- Micron Technology Inc..6.1%
- Alphabet Inc.. Class C4.6%
- Apple Inc..4.5%
- Linde PLC4.5%
- TJX Companies Inc..4.0%
- Microsoft Corp..3.7%
- Goldman Sachs Group Inc..3.6%
- Palo Alto Networks Inc..3.6%
- Cummins Inc..3.0%
Together, the ten largest are 48.6% of reported value.
How many clients does Wallington Asset Management have?
Wallington Asset Management has 337 clients and manages $1.32 billion for them, as of September 2026. They include 197 high-net-worth individuals, 109 individual clients, and 17 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 September 2026
What services does Wallington Asset Management offer?
Wallington Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, educational seminars, business succession planning, and estate 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 Wallington Asset Management charge?
Wallington Asset Management charges 0.50%–1.00% a year for its Equity and Balanced Asset Management Program. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: WALLINGTON ASSET MANAGEMENT, LLC ADV PART 2A BROCHURE, filed 23 September 2026
Which custodians does Wallington Asset Management use?
Wallington Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.24B. 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 Wallington Asset Management have?
Wallington Asset Management has 8 investment adviser representatives registered with state securities authorities, out of 17 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 Wallington Asset Management invest in?
At the end of its last fiscal year, Wallington Asset Management’s separately managed accounts held 44% exchange-traded equities, 28% investment grade corporate bonds, 24% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wallington Asset Management?
Wallington Asset Management’s direct owners are Terence Weiss (50% to 75%) and Family Trust of Terence P. Weiss for the Benefit of Marcia A. Weiss and Decendants (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 September 2026
How does Wallington Asset Management get paid?
Wallington Asset 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
Is Wallington Asset Management registered with the SEC?
Yes, Wallington Asset Management has been registered with the SEC as an investment adviser since 2 March 2007. Its CRD number is 143360 and its SEC file number is 801-67613.
Source: Form ADV Part 1A, Item 1, filed 23 September 2026; IAPD firm record
How do I contact Wallington Asset Management?
Wallington Asset Management’s main office is at 8900 Keystone Crossing, Suite 1015, Indianapolis, IN 46240-2134. Its phone number is 317-575-8670. Its website is wallingtonasset.com.