Walter & Keenan Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Walter & Keenan Wealth Management reports 158 clients. They include 94 high-net-worth individuals, 50 individual clients and 10 charitable organizations. Of its assets, 85.0% ($836M across 457 accounts) are managed with discretion; $148M across 22 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 2% |
| High-net-worth individuals | 59% | 62% |
| Charitable organizations | 6% | 27% |
| Corporations and other businesses | 3% | 9% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 50 | $17.3M | 1.8% | $345K |
| High-net-worth individuals | 94 | $610M | 62.1% | $6.49M |
| Charitable organizations | 10 | $263M | 26.7% | $26.3M |
| Corporations and other businesses | 4 | $93M | 9.5% | $23.3M |
| Total | 158 | $983M | 100% | $6.22M |
- Clients
- 50
- Regulatory AUM
- $17.3M
- AUM share
- 1.8%
- Avg. per client
- $345K
- Clients
- 94
- Regulatory AUM
- $610M
- AUM share
- 62.1%
- Avg. per client
- $6.49M
- Clients
- 10
- Regulatory AUM
- $263M
- AUM share
- 26.7%
- Avg. per client
- $26.3M
- Clients
- 4
- Regulatory AUM
- $93M
- AUM share
- 9.5%
- Avg. per client
- $23.3M
Total
- Clients
- 158
- Regulatory AUM
- $983M
- AUM share
- 100%
- Avg. per client
- $6.22M
- 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
Walter & Keenan Wealth Management charges 0.50%–0.75% for its Portfolio management services. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 3 other services, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$2M | 0.75% |
| $2M and above | 0.50% |
Fee details and sources
Other fees
- Consultation
- Clients who do not want us to manage their portfolios may pay $350 per hour for consultations about their holdings and market conditions.
- Fixed fee non-discretionary management
- Non-discretionary management is offered on a fixed fee set at the outset of the engagement and payable monthly in arrears.
- Non-investment services
- Estate, financial or tax planning and other non-investment services are charged a fee per year that varies with the services and is agreed in advance.
Walter Keenan Financial Consulting owns 50% to 75% of Walter & Keenan Wealth Management and is in turn owned by James Keenan (75% or more). The leadership team of Walter & Keenan Wealth Management includes President James Keenan. It has 7 employees, 5 of them in advisory roles.
Leadership
James KeenanPresident and Chief Compliance Officer
James SawdonOwner
Daniel WolfsonOwner
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 50% to 75% of Walter & Keenan Wealth Management, LLC
Walter Keenan Financial Consulting
since July 2021
- Owns 75% or more of Walter Keenan Financial Consulting
James Keenan
since December 2000
- Owns 50% to 75% of Walter & Keenan Wealth Management, LLC
Walter Keenan Financial
since July 2021
- Owns 25% to 50% of Walter & Keenan Wealth Management, LLC
James Sawdon
since July 2021
- Owns 25% to 50% of Walter & Keenan Wealth Management, LLC
Daniel Wolfson
since March 2023
Walter & Keenan Wealth Management’s regulatory assets grew 1.6× from $604M (July 2021) to $983M (March 2026); clients rose from 90 to 158 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $983M | 158 | 7 | 1 |
| March 2025 | $845M | 153 | 6 | 1 |
| February 2024 | $767M | 130 | 4 | 1 |
| March 2023 | $717M | 116 | 4 | 1 |
| March 2022 | $771M | 90 | 4 | 1 |
| July 2021 | $604M | 90 | 5 | 1 |
Besides its headquarters, Walter & Keenan Wealth Management has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 202 S. Michigan St., Suite 910, South BendHQ
Contact and registration details
- Legal name
- Walter & Keenan Wealth Management, LLC
- Headquarters
- 202 S. Michigan St., Suite 910, South Bend, IN 46601
- Website
- walterandkeenan.com
- Phone
- 574-287-5977
- @walter-keenan-wealth-management
- SEC file
- 801-22367
- Structure
- Indiana LLC
- Fiscal year end
- December
Walter & Keenan Wealth Management uses Charles Schwab ($697M, 86%) and The Bank of New York Mellon ($118M, 14%) as custodians for its separately managed accounts. Walter & Keenan Wealth Management has custody of $317M in client assets for 38 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Chicago, IL · $697M86%
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $118M14%
At year end, Walter & Keenan Wealth Management’s separately managed accounts were mostly in funds (55%) and stocks (38%). Its reported 13F holdings for the quarter ended 30 June 2026 total $405M across 169 positions; the largest are Apple Inc. (6.4%), Eli Lilly & CO (6.3%) and Alphabet Inc. (5.0%).
What the accounts hold
- Stocks38%
- Funds55%
- Registered funds32%
- Pooled vehicles23%
- Bonds3%
- Cash4%
Reported 13F holdings
- $405M
- Reported 13F value
- 169
- Positions
- 39.1%
- In the 10 largest
- +13.9%
- Value vs. prior quarter
- Apple Inc.6.4%
- Eli Lilly & CO6.3%
- Alphabet Inc. · Cap Stk CL C5.0%
- Vanguard Index Fds · Total Stk Mkt3.6%
- Microsoft Corp.3.3%
- JPMORGAN Chase & CO3.2%
- Berkshire Hathaway Inc. Del · CL B New2.9%
- Vanguard Index Fds · S&P 500 ETF Shs2.9%
- Cisco Sys Inc.2.7%
- Alphabet Inc. · Cap Stk CL A2.7%
Together, the ten largest are 39.1% of reported value.
How many clients does Walter & Keenan Wealth Management have?
Walter & Keenan Wealth Management has 158 clients and manages $983 million for them, as of March 2026. They include 94 high-net-worth individuals, 50 individual clients and 10 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Walter & Keenan Wealth Management offer?
Walter & Keenan Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Walter & Keenan Wealth Management charge?
Walter & Keenan Wealth Management charges 0.50%–0.75% for its Portfolio management services. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: 2026 WKWM ADV PART 2A (3.27.26), filed 27 March 2026
Which custodians does Walter & Keenan Wealth Management use?
Walter & Keenan Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Chicago, IL), with $697M and The Bank of New York Mellon Corporation (New York, NY), with $118M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Walter & Keenan Wealth Management have?
Walter & Keenan Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 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 Walter & Keenan Wealth Management invest in?
At the end of its last fiscal year, Walter & Keenan Wealth Management’s separately managed accounts held 38% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 23% pooled vehicles (private funds and similar), 4% cash and equivalents and 3% 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 Walter & Keenan Wealth Management?
Walter & Keenan Wealth Management is owned through a holding company by James Keenan. Its direct owners are James Sawdon (25% to 50%), Walter Keenan Financial Consulting (50% to 75%), Walter Keenan Financial (50% to 75%) and Daniel Wolfson (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Walter & Keenan Wealth Management get paid?
Walter & Keenan 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
Is Walter & Keenan Wealth Management registered with the SEC?
Yes, Walter & Keenan Wealth Management has been registered with the SEC as an investment adviser since 19 October 1984. Its CRD number is 104838 and its SEC file number is 801-22367.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Walter & Keenan Wealth Management?
Walter & Keenan Wealth Management’s main office is at 202 S. Michigan St., Suite 910, South Bend, IN 46601. Its phone number is 574-287-5977. Its website is walterandkeenan.com.