Mid-American Wealth Advisory Group manages investment portfolios and provides tailored financial advisory services for individuals, retirement accounts, trusts, estates, and businesses. Founded in 1999 and registered as a registered investment advisor in 2021, Mid-American Wealth Advisory Group emphasizes a family-first approach centered on education and long-term relationships. The firm builds customized portfolios using individual stocks, bonds, exchange-traded funds, mutual funds, and other securities. Portfolios are managed on either a discretionary or non-discretionary basis, meaning Mid-American Wealth Advisory Group can either make trades on your behalf without prior approval or consult you before every transaction. In addition to investment management, some professionals at Mid-American Wealth Advisory Group are licensed insurance agents and can sell insurance products for commissions, and the firm also offers in-house tax preparation services for an additional fee.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.25% |
| $250K - $500K | 1.10% |
| $500K - $1.0M | 1.00% |
| $1.0M - $2.0M | 0.95% |
| $2.0M - $3.0M | 0.90% |
| $3.0M - $5.0M | 0.80% |
| $5M+ | 0.70% |
Fees are paid monthly in arrears based on the average daily balance of assets under management.