Wealth Advisors of Iowa provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, education planning, estate planning, insurance, and retirement plan services. Financial planning was provided to 1–10 clients last fiscal year.
Wealth Advisors of Iowa reports 550 clients. They include 383 individual clients, 149 high-net-worth individuals, and 12 corporations and other businesses. Of its assets, 100.0% ($539M across 1,330 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $544M. It advised 28 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 22% |
| High-net-worth individuals | 27% | 75% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 383 | $116M | 21.6% | $304K |
| High-net-worth individuals | 149 | $404M | 75.0% | $2.71M |
| Pension and profit-sharing plans | 3 | $4.37M | 0.8% | $1.46M |
| Charitable organizations | 3 | $685K | 0.1% | $228K |
| Corporations and other businesses | 12 | $13.7M | 2.5% | $1.14M |
| Total | 550 | $539M | 100% | $981K |
- Clients
- 383
- Regulatory AUM
- $116M
- AUM share
- 21.6%
- Avg. per client
- $304K
- Clients
- 149
- Regulatory AUM
- $404M
- AUM share
- 75.0%
- Avg. per client
- $2.71M
- Clients
- 3
- Regulatory AUM
- $4.37M
- AUM share
- 0.8%
- Avg. per client
- $1.46M
- Clients
- 3
- Regulatory AUM
- $685K
- AUM share
- 0.1%
- Avg. per client
- $228K
- Clients
- 12
- Regulatory AUM
- $13.7M
- AUM share
- 2.5%
- Avg. per client
- $1.14M
Total
- Clients
- 550
- Regulatory AUM
- $539M
- AUM share
- 100%
- Avg. per client
- $981K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 28
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Wealth Advisors of Iowa charges up to 1.50% a year for its Portfolio Management Services. The fee is billed in advance or in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Planning is billed hourly at up to $750 an hour, as a fixed fee of up to $20,000, or as an asset-based fee of up to an annualized 1.5%; all are negotiable, with a $150 minimum fee.
- Qualified Retirement Plan Services
- Plan services are billed at up to 1.0% of plan assets a year or as a flat fee of up to $25,000, with a $1,000 minimum fee that may be negotiable.
Capobianco Wealth Management, LLC owns 25% to 50% of Wealth Advisors of Iowa and is in turn owned by Nicholas Capobianco (75% or more). The leadership team of Wealth Advisors of Iowa includes Chief Compliance Officer Kellie Masters. It has 12 employees, 4 of them in advisory roles.
Leadership
Kellie MastersChief Compliance Officer
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
Staff
- 12 employees
- 4 in advisory functions
- 10 state-registered reps
- 5 insurance agents
- 1 soliciting firm
- Owns 25% to 50% of Wealth Advisors of Iowa, LLC
Capobianco Wealth Management, LLC
Control person · since December 2019
- Owns 75% or more of Capobianco Wealth Management, LLC
Nicholas Capobianco
Control person · since December 2019
- Owns 25% to 50% of Wealth Advisors of Iowa, LLC
Pearson Wealth Management, LLC
Control person · since December 2019
- Owns 75% or more of Pearson Wealth Management, LLC
Jonathan Pearson
Control person · since December 2019
- Owns 10% to 25% of Wealth Advisors of Iowa, LLC
MHCS Wealth Management, LLC
Control person · since December 2019
Wealth Advisors of Iowa’s regulatory assets grew 1.8× from $297M (April 2021) to $539M (March 2026); clients rose from 404 to 550 and employees from 6 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $539M | 550 | 12 | 1 |
| March 2025 | $453M | 503 | 13 | 1 |
| March 2024 | $399M | 470 | 13 | 1 |
| May 2023 | $346M | 441 | 12 | 1 |
| July 2022 | $344M | 506 | 11 | 1 |
| April 2021 | $297M | 404 | 6 | 1 |
Besides its headquarters, Wealth Advisors of Iowa has 0 offices, with 1 listed address in Iowa.
Iowa · 1 listed address
- 1601 West Lakes Parkway, Suite 200, West Des MoinesHQ
Contact and registration details
- Legal name
- Wealth Advisors of Iowa, LLC
- Headquarters
- 1601 West Lakes Parkway, Suite 200, West Des Moines, IA 50266
- Website
- waiowa.com
- Phone
- 515-200-7812
- @wealth-advisors-of-iowa
- SEC file
- 801-118210
- Structure
- Iowa LLC
- Fiscal year end
- December
Wealth Advisors of Iowa uses LPL Financial ($355M, 66%) and Charles Schwab ($185M, 34%) as custodians for its separately managed accounts. Wealth Advisors of Iowa has custody of $145M in client assets for 163 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- LPL FinancialLPL Financial LLC · Boston, MA · $355M66%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $185M34%
At year end, Wealth Advisors of Iowa’s separately managed accounts were mostly in funds (85%). Its reported 13F holdings for the quarter ended 30 June 2026 total $369M across 90 positions; the largest are J P Morgan Exchange Traded F (11.2%), SPDR Index Shs Fds (9.5%) and Invesco Exchange Traded FD T (8.4%).
What the accounts hold
- Stocks8%
- Funds85%
- Bonds4%
- State and local bonds3%
- U.S. government and agency bonds1%
- Cash3%
Reported 13F holdings
- $369M
- Reported 13F value
- 90
- Positions
- 67.6%
- In the 10 largest
- +14.2%
- Value vs. prior quarter
- J P Morgan Exchange Traded F · Nasdaq EQT Prem11.2%
- SPDR Index Shs Fds · ST Str PO EX ETF9.5%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt8.4%
- SPDR Series Trust · ST Str P500etf8.3%
- SPDR Series Trust · ST Str P500val7.5%
- iShares TR · 0-3 Mth Treasury5.3%
- iShares TR · MSCI USA Min ETF5.2%
- SPDR Series Trust · ST Str P500grw4.4%
- Select Sector SPDR TR · ST Str Util ETF4.1%
- Invesco Exch Traded FD TR II · S&P 500 Momntm3.6%
Together, the ten largest are 67.6% of reported value.
How many clients does Wealth Advisors of Iowa have?
Wealth Advisors of Iowa has 550 clients and manages $539 million for them, as of March 2026. They include 383 individual clients, 149 high-net-worth individuals, and 12 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026
What services does Wealth Advisors of Iowa offer?
Wealth Advisors of Iowa provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, education planning, estate 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 Wealth Advisors of Iowa charge?
Wealth Advisors of Iowa charges up to 1.50% a year for its Portfolio Management Services. The fee is billed in advance or in arrears and is negotiable.
Source: ADV 2A, filed 19 March 2026
Which custodians does Wealth Advisors of Iowa use?
Wealth Advisors of Iowa’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $355M and Charles Schwab & Co., Inc. (San Francisco, CA), with $185M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026
How many financial advisors does Wealth Advisors of Iowa have?
Wealth Advisors of Iowa has 10 investment adviser representatives registered with state securities authorities, out of 12 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 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 Wealth Advisors of Iowa invest in?
At the end of its last fiscal year, Wealth Advisors of Iowa’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 3% state and local bonds, 3% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wealth Advisors of Iowa?
Wealth Advisors of Iowa is owned through holding companies by Nicholas Capobianco and Jonathan Pearson. Its direct owners are Capobianco Wealth Management, LLC, Pearson Wealth Management, LLC and MHCS Wealth Management, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026
How does Wealth Advisors of Iowa get paid?
Wealth Advisors of Iowa is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no 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 Wealth Advisors of Iowa registered with the SEC?
Yes, Wealth Advisors of Iowa has been registered with the SEC as an investment adviser since 12 March 2020. Its CRD number is 115088 and its SEC file number is 801-118210.
Source: Form ADV Part 1A, Item 1, filed 19 March 2026; IAPD firm record
How do I contact Wealth Advisors of Iowa?
Wealth Advisors of Iowa’s main office is at 1601 West Lakes Parkway, Suite 200, West Des Moines, IA 50266. Its phone number is 515-200-7812. Its website is waiowa.com.