{"url":"https://nivawealth.com/firms/wells-financial-management-158030","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/158030","regulatoryAum":132662488,"crd":"158030","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1943352","suffix":null,"lastName":"WELLS","firstName":"DAVID","middleName":"NELSON"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-05-04","regulatoryAum":117331986,"clients":106,"employees":2,"offices":1},{"filedOn":"2023-03-01","regulatoryAum":101186085,"clients":105,"employees":2,"offices":1},{"filedOn":"2024-02-27","regulatoryAum":115595480,"clients":106,"employees":2,"offices":1},{"filedOn":"2025-02-21","regulatoryAum":126275068,"clients":104,"employees":2,"offices":1},{"filedOn":"2026-03-09","regulatoryAum":132662488,"clients":98,"employees":2,"offices":1}],"secFileNumber":"801-125800","legalName":"Wells Financial Management, LLC","displayName":"Wells Financial Management","slug":"wells-financial-management-158030","website":"https://wellsfm.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/158030/10e0b8bcd670c489-r1.webp","tone":"dark","width":957,"height":200,"sourceUrl":"https://www.wellsfm.com/","sourceLabel":"Wells Financial Management, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"http://www.linkedin.com/company/Wells-Financial-Management","founded":null,"organization":"North Carolina limited liability company","fiscalYearEnd":"December","headquarters":{"street":"56 Central Avenue, Suite 105","city":"Asheville","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"28801"},"tradeNames":[],"registration":{"secApproved":"3 June 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1367238.6145833333,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":132662488,"discretionary":132662488,"discretionaryAccounts":98,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":2,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":55,"regulatoryAum":23202025},{"label":"High-net-worth individuals","clients":41,"regulatoryAum":108052882},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":278078},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":1129503}],"feePrograms":[{"role":"main","program":"Investment Portfolio Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015849","versionId":1015849,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-09","documentName":"WELLS FINANCIAL BROCHURE","fee_rate_low":0.5,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Fixed fee for financial planning, generally $500 to $5,000 depending on scope and complexity; negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015849","versionId":1015849,"submittedOn":"2026-03-09","documentName":"WELLS FINANCIAL BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:21:39.262017+00:00","documents":[{"name":"WELLS FINANCIAL BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015849","versionId":1015849,"submittedOn":"2026-03-09"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":129633253}],"custodyNote":"Wells Financial Management has custody of $39.5M in client assets for 46 clients.","otherCustodians":[],"leadership":[{"name":"David Wells","title":"Managing Member/Chief Compliance Officer","crd":"1943352"}],"ownership":[{"label":"David Wells","detail":"Managing member/chief compliance officer in the 75% or more ownership band and a control person, since June 2011."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"56 Central Avenue, Suite 105","city":"Asheville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"828-252-4144","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":6},{"label":"U.S. government/agency bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":87},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":2,"detail":"Variable Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"9 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/158030/PDF/158030.pdf","brochureDate":"9 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015849","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Wells Financial Management have?","answer":"Wells Financial Management has 98 clients and manages $133 million for them, as of March 2026. They include 55 individual clients, 41 high-net-worth individuals and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wells Financial Management offer?","answer":"Wells Financial Management provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Wells Financial Management charge?","answer":"Wells Financial Management charges 0.50%–1.25% a year for its Investment Portfolio Management. The fee is billed in advance and is negotiable.","source":"WELLS FINANCIAL BROCHURE, filed 9 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Wells Financial Management use?","answer":"Wells Financial Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $130M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Wells Financial Management have?","answer":"Wells Financial Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Wells Financial Management invest in?","answer":"At the end of its last fiscal year, Wells Financial Management’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 6% exchange-traded equities, 3% U.S. government and agency bonds, 2% cash and equivalents and 2% other. The 2% other category is described as: Variable Annuities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Wells Financial Management?","answer":"Wells Financial Management’s direct owner is David Wells (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 9 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wells Financial Management get paid?","answer":"Wells Financial Management is paid through a percentage of assets under management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Wells Financial Management?","answer":"Wells Financial Management’s main office is at 56 Central Avenue, Suite 105, Asheville, NC 28801. Its phone number is 828-252-4144. Its website is wellsfm.com.","source":"Form ADV Part 1A, Item 1.F, filed 9 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}