Midwest Professional Planners, Ltd. (Wausau)

Name: Midwest Professional Planners, Ltd.
Address: 2610 Stewart Avenue, Suite 100, Wausau, WI, 54401
Telephone: 715-848-3474

Midwest Professional Planners, Ltd. is a large advisory firm based in Wausau. It manages $210.43 million of regulatory assets for 2,790 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida, Illinois, Minnesota, Texas, and Wisconsin.

Midwest Professional Planners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Midwest Professional Planners: assets under management

The assets under management (AUM) of Midwest Professional Planners, Ltd. is $210.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $210.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75.42 thousand each.

Midwest Professional Planners has custody of $210.43 million in cash and securities for 478 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Midwest Professional Planners, Ltd. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jay Michael Wiedenman serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Jay Michael Wiedenman is high net worth individuals with 84 clients and $121.78 million of assets under management. Among the 12 most similar advisory firms, Midwest Professional Planners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $210.43 million for 478 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Midwest Professional Planners doesn't advise any private funds.

Careers at Midwest Professional Planners, Ltd.

The company employs 24 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jay Michael Wiedenman has been acting as President since 1 Mar 1999. Brian Clinton Resch joined the executive team most recently as the Shareholder And Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Gerard Hessel	Shareholder	1 Oct 1987	25% - 50%	1495940
Patrick Lee Wallschlaeger	Ceo, shareholder, director	1 Nov 1989	25% - 50%	865976
Jeanne Ann Wallschlaeger	Director, secretary, shareholder	1 Nov 1998	Other	4421909
Thomas John Murphy	Direct owner and shareholder	1 Nov 1998	Other	2886264
Jay Michael Wiedenman	Director	1 Mar 1999	Other	4421902
Marcia Marie Schmidt	Shareholder, and director	1 Jul 2002	Other	6131826
Dang Jeremiah Tu Nguyen	Shareholder, director, and chief investment officer	1 Jul 2004	Other	4161696
John Roberts Chandler	Shareholder	1 Jul 2004	Other	2020323
Gene Arthur Stankowski	Shareholder, director and treasurer	1 Jul 2004	Other	5160812
Michael James Boyce	Shareholder and director	1 Jul 2004	Other	1257446
Jeffrey Charles Dorward	Shareholder	1 Feb 2007	Other	4330733
Brian Robert Kamke	Shareholder and director	1 Aug 2008	Other	4135657
Daniel Jesse Evans	Shareholder and director	1 Sep 2008	Other	4684088
Scott Matthew Wallschlaeger	Shareholder, director and president	1 Apr 2011	Other	4866274
Brian Robert Kamke	Shareholder and director	1 Apr 2011	Other	4135657
Gery Joseph Sadzewicz	Chief compliance officer	1 Jan 2014	Other	1090963
Marcia Marie Schmidt	Shareholder and director	1 Feb 2015	Other	6131826
Eric Lee Madson	Shareholder	1 Aug 2015	Other	1300032
Kyle Kurtis Dickinson	Shareholder	1 Aug 2015	Other	6202490
Terri Marie Rau	Shareholder, and director	1 Aug 2015	Other	5574111
Brian Clinton Resch	Shareholder and director	1 May 2019	Other	6277236

Based in Wausau

The principal office where Midwest Professional Planners, Ltd. performs its advisory services is located at 2610 Stewart Avenue, Suite 100, Wausau, WI 54401, which is also the mailing address of the firm. An additional office of the firm is in Crystal Lake, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 715-848-3474 or by fax 715-849-2510. The normal business hours are 8:30 am to 5:00 pm mo-th, fr 8:30 am to 1:00 pm on Other. You can find more information about the New York firm at mpplplan.com and its LinkedIn profile.