Data / Investment advisers / Illinois / Midland Wealth Management
Midland Wealth Management, Effingham, IL: $3.2 billion AUM, SEC registered investment adviser
Midland Wealth Management is an SEC registered investment adviser with its main office in Effingham, Illinois and reports $3.2 billion in regulatory assets under management in its Form ADV filed April 29, 2026. Its clients include banks and thrifts, high net worth individuals and individuals. It is paid through a percentage of assets under management, hourly charges and fixed fees.
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- Registration
- SEC registered investment adviser
- CRD number
- 324997
- SEC file number
- 801-127578
- SEC status
- Approved, effective August 16, 2023
- Legal name
- Midland Wealth Advisors, LLC
- Main office
- 1201 Network Centre Drive, Effingham, IL 62401
- Phone
- (312) 660-6516
- Regulatory AUM
- $3,160,007,607 in the Form ADV filed April 29, 2026
- Discretionary AUM
- $3,158,026,372
- Non discretionary AUM
- $1,981,235
- Accounts
- 4,521
- Employees
- 32, of which 19 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, hourly charges, fixed fees
- Other offices
- 9
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- April 29, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Banking or thrift institutions | Fewer than 5 | $3.10 billion |
| High net worth individuals | 19 | $29.9 million |
| Individuals (other than high net worth individuals) | 119 | $27.6 million |
| Corporations or other businesses | Fewer than 5 | $536,373 |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $3.16 billion | March 26, 2026 |
| December 1, 2025 | $2.93 billion | July 11, 2025 |
Other advisers in Illinois
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| SBB Research Group LLC | Northbrook | $3.26 billion | 7 | adviserinfo.sec.gov |
| Mesirow Fiduciary Solutions, LLC | Chicago | $3.22 billion | Not listed | adviserinfo.sec.gov |
| Lincoln Advisory Group, LLC | Chicago | $3.22 billion | Not listed | adviserinfo.sec.gov |
| GCP Investment Advisor, LLC | Chicago | $3.22 billion | 11 | adviserinfo.sec.gov |
| Burford Capital Investment Management LLC | Chicago | $3.17 billion | 12 | adviserinfo.sec.gov |
| North Square Investments, LLC | Chicago | $3.15 billion | Not listed | adviserinfo.sec.gov |
| Faircourt Partners, LLC | Lake Bluff | $3.12 billion | Not listed | adviserinfo.sec.gov |
| Roundtable Healthcare Management, Inc | Lake Forest | $3.12 billion | 11 | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Illinois
- Advisers with $1 billion to $10 billion in AUM
- Advisers serving banks and thrifts
- Advisers serving high net worth individuals
- Midland Wealth Management on the SEC's adviser search
Updated November 7, 2026. Read from the SEC's Form ADV data files for investment advisers. Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.