DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Northwest Wealth Management, LLC

Independent wealth managerSpencer, IowaCRD 152816SEC 801-72545websiteIAPD
Latest filing Jul 6, 2026
First filing on the tape Dec 21, 2011 · 37 filings
SEC status approved since Jul 5, 2011
RAUM
$1.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
93%
$961M individuals and HNW
Advisors
20
registered through the firm on IAPD
RAUM per advisor
$51.6M
derived; firm RAUM over IAPD count
Employees
26
14 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$1.0B as of Jul 6, 2026
Mar 15, 2012$131M then
HNW client RAUM$611M as of Jul 6, 2026
Mar 21, 2018$213M then
State-registered IARs (5.B.3)21 as of Jul 6, 2026
Mar 20, 20137 then
Employees (5.A)26 as of Jul 6, 2026
Mar 20, 20137 then
Private funds: no history
RAUM +19% over the last fiscal year+19% a year over threeIARs 21 to 21
Practice profile
derived from the filing of Jul 6, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$51.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
104derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$241,309derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
1.7derived12 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.2%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$40.1M, 32 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$611M59%
  • Individuals$350M34%
  • Corporations and businesses$48.7M4.7%
  • Charitable organizations$19.0M1.8%
  • Pension and profit-sharing plans$2.9M0.3%
Individual clients
1,862reported
HNW clients
223reported
Pension plan clients
5reported
Charitable clients
21reported
Accounts
4,274reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$40.1M for 32 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.93 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
20 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Lance Bartley EvansSpirit Lake, Ia Jun 6, 201124 y1
Jason Brent Vande BrakeSpencer, Ia Oct 3, 201219 y1
Nicole Chantel EvansArnolds Park, Ia Nov 18, 201314 y0
Jeffrey Dean PloegerSpirit Lake, Ia Nov 26, 201326 y1
James Robert ShoquistCertified Financial PlannerOmaha, Ne May 7, 201417 y2
Dean M JacobsenCertified Financial PlannerSpencer, Ia Jan 20, 201526 y0
Danielle Marie BrinkSpencer, Ia Feb 28, 201518 y0
Eric Joel Van Der HeideSpencer, IaOct 23, 201510 y0
Rebecca C McginnisSpencer, Ia Sep 16, 201611 y0
Zachary Scott ClarkFort Dodge, Ia Jun 28, 201712 y0
Katy Laura GuinnSpencer, IaSep 9, 201710 y0
Connie Jean SchmidtSpencer, Ia Aug 25, 201832 y0
Joni Kaye KellenCertified Financial PlannerSpencer, Ia Aug 18, 202111 y1
Bryson Richard DuncanCertified Financial PlannerSpencer, Ia Oct 14, 202112 y0
Alex Curtis JohnsonCertified Financial PlannerSpencer, Ia Feb 10, 202215 y2
Garrett William HeaterSpencer, Ia Apr 24, 202412 y0
Michael James StoreySioux Center, Ia Oct 19, 202410 y0
Jared Todd BarnettSpencer, Ia May 22, 202511 y0
Jodi L MinardSpencer, Ia Sep 20, 202529 y0
Jed Lane JensenSpencer, IaAug 25, 202627 y0
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 5.0% of current headcount2 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Cornelius Conover IV · Secretary-Treasurercontrol
    since 12/2009 · owns less than 5%
  • A Gregory Post · Vice Presidentcontrol
    since 10/2020 · owns less than 5%
  • Burroughs Cornelius Conover IV · Shareholdercontrol
    since 12/1988 · owns 25% to 50% of Northwest Financial Corp.
  • Dwight Conover · Shareholdercontrol
    since 12/1988 · owns 25% to 50% of Northwest Financial Corporation
  • Joel Eric Van Der Heide · President, Chief Operating Officer, Chief Compliance Officer
    since 04/2016 · owns less than 5%
Entity owners
  • Northwest Financial Corp. · Sole Managing Member
    direct · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
  • Northwest Bank
    n
  • Northwest Insurance Services Corp.
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Spencer, Ia · principal2020
Spirit Lake, Ia300
West Des Moines, Ia210
Omaha, Ne100
Ankeny, Ia001
Offices
Schedule D 1.F, the 25 largest
  • Spencer, IA3 employees
  • Spirit Lake, IA3 employees
  • Omaha, NE2 employees
  • Le Mars, IA2 employees
  • Sioux Center, IA1 employees
  • Sioux City, IA1 employees
  • Ames, IA1 employees
  • West Des Moines, IA1 employees
  • Ankeny, IA1 employees
  • Arnolds Park, IA1 employees
  • Fort Dodge, IA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jul 6, 2026
    CONOVER, DWIGHT (SHAREHOLDER) left Schedule A between the filings of 2021-03-11 and 2026-07-06
    peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
  • Accounts · 4,063 to 4,274
    Mar 5, 2025 to Mar 12, 2026
  • Advisory employees · 18 to 14
    Mar 5, 2025 to Mar 12, 2026
  • Corporate clients · 19 to 17
    Mar 5, 2025 to Mar 12, 2026
  • HNW clients · 191 to 223
    Mar 5, 2025 to Mar 12, 2026
  • Individual clients · 1,791 to 1,862
    Mar 5, 2025 to Mar 12, 2026
  • Pension plan clients · unset to 5.0
    Mar 5, 2025 to Mar 12, 2026
  • Assets in custody · $45.6M to $40.1M
    Mar 5, 2025 to Mar 12, 2026
  • Employees · 24 to 26
    Mar 5, 2025 to Mar 12, 2026
  • Financial planning clients · 0 to 1-10
    Mar 5, 2025 to Mar 12, 2026
  • Discretionary RAUM · $865M to $1.0B
    Mar 5, 2025 to Mar 12, 2026
  • HNW RAUM · $478M to $611M
    Mar 5, 2025 to Mar 12, 2026
  • Individual RAUM · $326M to $350M
    Mar 5, 2025 to Mar 12, 2026
  • Pension RAUM · $685,883 to $2.9M
    Mar 5, 2025 to Mar 12, 2026
  • RAUM · $865M to $1.0B
    Mar 5, 2025 to Mar 12, 2026
  • Accounts · 3,817 to 4,063
    Sep 9, 2024 to Mar 5, 2025
  • Advisory employees · 17 to 18
    Sep 9, 2024 to Mar 5, 2025
  • Charity clients · 19 to 21
    Sep 9, 2024 to Mar 5, 2025
  • Corporate clients · 16 to 19
    Sep 9, 2024 to Mar 5, 2025
  • HNW clients · 149 to 191
    Sep 9, 2024 to Mar 5, 2025
  • Individual clients · 1,763 to 1,791
    Sep 9, 2024 to Mar 5, 2025
  • Pension plan clients · 1.0 to unset
    Sep 9, 2024 to Mar 5, 2025
  • Assets in custody · $21.8M to $45.6M
    Sep 9, 2024 to Mar 5, 2025
  • Financial planning clients · 0 to 0
    Sep 9, 2024 to Mar 5, 2025
  • State-registered IARs · 18 to 21
    Sep 9, 2024 to Mar 5, 2025
  • Discretionary RAUM · $718M to $865M
    Sep 9, 2024 to Mar 5, 2025
  • HNW RAUM · $353M to $478M
    Sep 9, 2024 to Mar 5, 2025
  • Individual RAUM · $307M to $326M
    Sep 9, 2024 to Mar 5, 2025
  • Pension RAUM · $154,151 to $685,883
    Sep 9, 2024 to Mar 5, 2025
  • RAUM · $718M to $865M
    Sep 9, 2024 to Mar 5, 2025
  • Other offices · 10 to 11
    Mar 11, 2024 to Sep 9, 2024
  • Accounts · 3,656 to 3,817
    Jan 30, 2024 to Mar 11, 2024
  • Advisory activities · 4 to 5
    Jan 30, 2024 to Mar 11, 2024
  • Charity clients · 15 to 19
    Jan 30, 2024 to Mar 11, 2024
  • HNW clients · 121 to 149
    Jan 30, 2024 to Mar 11, 2024
  • Individual clients · 1,745 to 1,763
    Jan 30, 2024 to Mar 11, 2024
  • Assets in custody · $4.8M to $21.8M
    Jan 30, 2024 to Mar 11, 2024
  • Employees · 25 to 24
    Jan 30, 2024 to Mar 11, 2024
  • Financial planning clients · unset to 0
    Jan 30, 2024 to Mar 11, 2024
  • State-registered IARs · 20 to 18
    Jan 30, 2024 to Mar 11, 2024
  • Discretionary RAUM · $605M to $718M
    Jan 30, 2024 to Mar 11, 2024
Signals
7 dated events
  • Kevin Frette left Northwest Wealth Management, Llc for Custom Wealth Planners (registered 2025-09-19)
    Sep 24, 2025 · Advisor changed firm · fact
  • Dayne Rachel Lawyer left Northwest Wealth Management, Llc for Mdrn Capital (registered 2025-01-17)
    Jan 17, 2025 · Advisor changed firm · fact
  • Nathan Martin Kimle left Northwest Wealth Management, Llc for Nuveen Asset Management, Llc (registered 2023-12-18)
    Sep 7, 2023 · Advisor changed firm · fact
  • Ryan David Hervey left Northwest Wealth Management, Llc for Accel Wealth Management (registered 2022-09-21)
    Sep 21, 2022 · Advisor changed firm · fact
  • A Gregory Post (Vice President) appeared on Schedule A of Northwest Wealth Management, Llc
    Mar 11, 2021 · Control person joined · fact
  • Jeff Plagge (Vice President) no longer on Schedule A of Northwest Wealth Management, Llc (listed 2020-11-23, absent 2021-03-11)
    Mar 11, 2021 · Control person left · inference
  • Northwest Wealth Management, Llc reported RAUM $545.3M, up 29% from $423.4M (2017-09-11 to 2018-03-21)
    Mar 21, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
877-207-0994reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
LINKEDIN.COM/COMPANY/16225959reportedpublic record, Form ADV, Sep 17, 2026
Website
INVEST-NORTHWEST.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
877-207-0994reportedpublic record, Form ADV, Jul 6, 2026
Contact form
nw.bank/wealth-management/contact-us/contactreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$51.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026