Colby Leach
Colby Leach is a registered investment advisor at Midwest Wealth Management INC, based in Topeka, KS, with 3 years of industry experience. Colby operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 10 clients with $230K in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Midwest Wealth Management offers investment management through Orion Portfolio Solutions and third-party managers.
For Orion Portfolio Solutions, the annual advisory fee is 1% of the assets they manage. This fee may be negotiable. In addition to MWM's fee, Orion Portfolio Solutions charges its own fees, which may include administration fees (0.08% - 0.45%), account maintenance fees ($25 or $50 annually), strategist fees (0.0% to 0.25%), and separately managed account fees (0.35% to 0.70%). The total annual fees for the Orion Portfolio Solutions program may not exceed 2% of assets under management.
For third-party managers, such as Gradient Investments, the fees vary depending on the portfolio type:
- Strategic Portfolios: 1.90% annually (0.90% to Gradient Investments, 1.00% to MWM)
- Tactical Portfolios: 1.75% annually (0.75% to Gradient Investments, 1.00% to MWM)
- Allocation & Defined Outcome Portfolios: 1.65% annually (0.65% to Gradient Investments, 1.00% to MWM)
- Preservation Portfolios: 1.00% annually (0.40% to Gradient Investments, 0.60% to MWM)
- Private Wealth Portfolios: 1.50% annually (0.50% to Gradient Investments, 1.00% to MWM)
For Client Directed Accounts, Gradient Investments charges a flat fee of $300 annually, and MWM does not receive any portion of this fee.
Location
2909 SW Maupin Lane, Topeka, KS, 66614
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Colby works as a tax preparer and insurance agent at Midwest Tax & Financial Inc., providing insurance sales, services, and tax services. This activity takes about half of Colby's time and occurs during trading hours.
Employment History
Current Registrations
Midwest Wealth Management INC
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.