{"url":"https://nivawealth.com/firms/wisdom-index-advisors-132567","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/132567","regulatoryAum":221288915,"crd":"132567","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4547024","suffix":null,"lastName":"DAVIDSON","firstName":"MICHAEL","middleName":"JAMES"}],"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":"2021-03-24","regulatoryAum":144552134,"clients":187,"employees":3,"offices":2},{"filedOn":"2022-07-08","regulatoryAum":169343106,"clients":192,"employees":3,"offices":2},{"filedOn":"2023-03-28","regulatoryAum":161072023,"clients":190,"employees":3,"offices":2},{"filedOn":"2024-04-25","regulatoryAum":180307263,"clients":190,"employees":3,"offices":2},{"filedOn":"2025-03-21","regulatoryAum":203498998,"clients":190,"employees":3,"offices":1},{"filedOn":"2026-07-08","regulatoryAum":221288915,"clients":197,"employees":4,"offices":2}],"secFileNumber":"801-116762","legalName":"Wisdom Index Advisors, LLC","displayName":"Wisdom Index Advisors","slug":"wisdom-index-advisors-132567","website":"https://wisdomindex.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2004","organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"102 S. Main Street","city":"Prosper","state":"TX","stateName":"Texas","country":"United States","postalCode":"75078"},"tradeNames":["Wisdom Index","Wisdom Index Advisors"],"registration":{"secApproved":"7 June 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1092862.6358695652,"staff":{"employees":4,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":221288915,"discretionary":221288915,"discretionaryAccounts":659,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":197},"clientTypes":[{"label":"Individuals (other than HNW)","clients":109,"regulatoryAum":42246010},{"label":"High-net-worth individuals","clients":75,"regulatoryAum":158840715},{"label":"Pension and profit-sharing plans","clients":10,"regulatoryAum":17986648},{"label":"Corporations and other businesses","clients":3,"fewerThan5":true,"regulatoryAum":2215542}],"feePrograms":[{"role":"main","program":"Wealth Management Fees","feeBasis":"marginal","fee_tiers":[{"to":500000,"pct":1,"from":0},{"to":1000000,"pct":0.9,"from":500000},{"to":1500000,"pct":0.8,"from":1000000},{"to":2000000,"pct":0.7,"from":1500000},{"to":null,"pct":0.5,"from":2000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051066","versionId":1051066,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-07-08","documentName":"WISDOM INDEX FORM ADV 2A BROCHURE","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Investment consulting","summary":"Investment consulting is billed at $250 an hour, typically on completion of the project.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051066","versionId":1051066,"submittedOn":"2026-07-08","documentName":"WISDOM INDEX FORM ADV 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:09:40.530402+00:00","documents":[{"name":"WISDOM INDEX FORM ADV 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051066","versionId":1051066,"submittedOn":"2026-07-08"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Dallas, TX","smaAssets":161181172},{"name":"Axos Clearing LLC","shortName":"Axos Clearing","location":"Denver, CO","smaAssets":10000}],"custodyNote":"Wisdom Index Advisors has custody of $27.4M for 47 clients.","otherCustodians":[],"leadership":[{"name":"Michael Davidson","title":"Principal. Chief Compliance Officer","crd":"4547024"}],"ownership":[{"label":"Michael Davidson","detail":"Principal. chief compliance officer in the 75% or more ownership band and a control person, since July 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":2,"addresses":[{"street":"102 S. Main Street","city":"Prosper","headquarters":true},{"street":"16051 Addison RD","city":"Addison"}]}],"brochureServices":["education planning","estate planning","insurance","philanthropic planning","retirement plan services"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"972-931-0063","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":7},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":91},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"8 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/132567/PDF/132567.pdf","brochureDate":"8 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051066","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 Wisdom Index Advisors have?","answer":"Wisdom Index Advisors has 197 clients and manages $221 million for them, as of July 2026. They include 109 individual clients, 75 high-net-worth individuals, and 10 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wisdom Index Advisors offer?","answer":"Wisdom Index Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, insurance, philanthropic planning, 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Wisdom Index Advisors charge?","answer":"Wisdom Index Advisors charges 0.50%–1.00% a year for its Wealth Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"WISDOM INDEX FORM ADV 2A BROCHURE, filed 8 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Wisdom Index Advisors use?","answer":"Wisdom Index Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Dallas, TX), with $161M and Axos Clearing LLC (Denver, CO), with $10K. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Wisdom Index Advisors have?","answer":"Wisdom Index Advisors has 1 investment adviser representative registered with state securities authorities, out of 4 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 Wisdom Index Advisors invest in?","answer":"At the end of its last fiscal year, Wisdom Index Advisors’ separately managed accounts held 91% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 1% U.S. government and agency bonds and 1% cash and equivalents.","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 Wisdom Index Advisors?","answer":"Wisdom Index Advisors’ direct owner is Michael Davidson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 8 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wisdom Index Advisors get paid?","answer":"Wisdom Index Advisors is paid through a percentage of assets under management and hourly charges. 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 Wisdom Index Advisors?","answer":"Wisdom Index Advisors’ main office is at 102 S. Main Street, Prosper, TX 75078. Its phone number is 972-931-0063. Its website is wisdomindex.com.","source":"Form ADV Part 1A, Item 1.F, filed 8 July 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."}