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.

Former SEC-registered adviser

Midwest Financial

Former SEC-registered adviserGlidden, IowaCRD 169855SEC 801-108853IAPD
Legal name Johnson Midwest Financial, LLC
Latest filing Jun 29, 2023
First filing on the tape Mar 11, 2014 · 22 filings
RAUM
$205M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$202M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$205M as of Feb 24, 2023
Mar 5, 2018$135M then
HNW client RAUM$132M as of Feb 24, 2023
Mar 5, 2018$67.2M then
State-registered IARs (5.B.3)1 as of Feb 24, 2023
Mar 5, 20181 then
Employees (5.A)4 as of Feb 24, 2023
Mar 5, 20185 then
Private funds: no history
RAUM -7.9% over the last fiscal year+11% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 29, 2023; every figure names its basis
RAUM per advisor
$205MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
624derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$875,769derivedHNW RAUM over HNW clients
Average account
$116,601derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-7.9%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, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, publicationsreportedItem 5.G
Financial planning clients
500reportedItem 5.H
Custody
$2.2M, 15 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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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$132M65%
  • Individuals$70.0M34%
  • Corporations and businesses$1.5M0.7%
  • Charitable organizations$1.3M0.6%
Individual clients
473reported
HNW clients
151reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
1,758reported
Financial planning clients
500reported
Wrap fee programs
noreported
Custody of client assets
$2.2M for 15 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Dale Brian Johnson · Managing Member/ Chief Compliance Officercontrol
      since 04/2014 · owns 75% or more
    • Jeremiah Johnson · Owner
      since 02/2022 · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Glidden, Ia · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,602 to 1,758
      Aug 18, 2022 to Feb 24, 2023
    • Corporate clients · 3 to 2
      Aug 18, 2022 to Feb 24, 2023
    • HNW clients · 62 to 151
      Aug 18, 2022 to Feb 24, 2023
    • Individual clients · 531 to 473
      Aug 18, 2022 to Feb 24, 2023
    • Assets in custody · $227,042 to $2.2M
      Aug 18, 2022 to Feb 24, 2023
    • Discretionary RAUM · $222M to $205M
      Aug 18, 2022 to Feb 24, 2023
    • HNW RAUM · $81.7M to $132M
      Aug 18, 2022 to Feb 24, 2023
    • Individual RAUM · $138M to $70.0M
      Aug 18, 2022 to Feb 24, 2023
    • Non-discretionary RAUM · $336,549 to $0
      Aug 18, 2022 to Feb 24, 2023
    • RAUM · $223M to $205M
      Aug 18, 2022 to Feb 24, 2023
    • Accounts · 1,472 to 1,602
      May 20, 2021 to Feb 18, 2022
    • Advisory employees · 2 to 1
      May 20, 2021 to Feb 18, 2022
    • BD registered reps · 2 to 1
      May 20, 2021 to Feb 18, 2022
    • HNW clients · 51 to 62
      May 20, 2021 to Feb 18, 2022
    • Individual clients · 451 to 531
      May 20, 2021 to Feb 18, 2022
    • Assets in custody · $1.4M to $227,042
      May 20, 2021 to Feb 18, 2022
    • Employees · 5 to 4
      May 20, 2021 to Feb 18, 2022
    • State-registered IARs · 2 to 1
      May 20, 2021 to Feb 18, 2022
    • Discretionary RAUM · $183M to $222M
      May 20, 2021 to Feb 18, 2022
    • HNW RAUM · $60.5M to $81.7M
      May 20, 2021 to Feb 18, 2022
    • Individual RAUM · $120M to $138M
      May 20, 2021 to Feb 18, 2022
    • Non-discretionary RAUM · $244,206 to $336,549
      May 20, 2021 to Feb 18, 2022
    • RAUM · $183M to $223M
      May 20, 2021 to Feb 18, 2022
    • Accounts · 1,292 to 1,472
      Nov 13, 2020 to Feb 18, 2021
    • Advisory employees · 1 to 2
      Nov 13, 2020 to Feb 18, 2021
    • BD registered reps · 1 to 2
      Nov 13, 2020 to Feb 18, 2021
    • Corporate clients · unset to 3.0
      Nov 13, 2020 to Feb 18, 2021
    • HNW clients · 57 to 51
      Nov 13, 2020 to Feb 18, 2021
    • Individual clients · 428 to 451
      Nov 13, 2020 to Feb 18, 2021
    • Assets in custody · $6.8M to $1.4M
      Nov 13, 2020 to Feb 18, 2021
    • Financial planning clients · 251-500 to More than 500
      Nov 13, 2020 to Feb 18, 2021
    • State-registered IARs · 1 to 2
      Nov 13, 2020 to Feb 18, 2021
    • Discretionary RAUM · $150M to $183M
      Nov 13, 2020 to Feb 18, 2021
    • HNW RAUM · $64.5M to $60.5M
      Nov 13, 2020 to Feb 18, 2021
    • Individual RAUM · $83.4M to $120M
      Nov 13, 2020 to Feb 18, 2021
    • Non-discretionary RAUM · $393,506 to $244,206
      Nov 13, 2020 to Feb 18, 2021
    • RAUM · $151M to $183M
      Nov 13, 2020 to Feb 18, 2021
    • Accounts · 1,483 to 1,292
      Dec 17, 2019 to Feb 6, 2020
    • BD registered reps · 2 to 1
      Dec 17, 2019 to Feb 6, 2020
    • HNW clients · 27 to 57
      Dec 17, 2019 to Feb 6, 2020
    Signals
    5 dated events
    • Jeremiah Johnson left Midwest Financial for Modern Wealth Management, Llc (registered 2023-09-01)
      Dec 31, 2023 · Advisor changed firm · fact
    • Brian Dale Johnson left Midwest Financial for Modern Wealth Management, Llc (registered 2023-09-01)
      Dec 31, 2023 · Advisor changed firm · fact
    • 2 advisors left Midwest Financial (Glidden, IA) for Modern Wealth Management, LLC on the same day
      Dec 31, 2023 · Team lift-out · derived
    • Joann Johnson (Minority Owner) no longer on Schedule A of Midwest Financial (listed 2021-05-20, absent 2022-02-18)
      Feb 18, 2022 · Control person left · inference
    • Midwest Financial, Llc filed its initial SEC registration (Form ADV)
      Mar 11, 2014 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026