Mwa Financial Services, Inc. (Rock Island)

Name: Mwa Financial Services, Inc.
Address: 1701 1 St Avenue, Rock Island, IL, 61204 4116
Telephone: 309-558-3100

Mwa Financial Services, Inc. is a multi-state adviser based in Rock Island. It manages $20.47 million of regulatory assets for 124 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, California, and 25 other states.

Mwa Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mwa Financial Services: assets under management

The assets under management (AUM) of Mwa Financial Services, Inc. is $20.47 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mwa Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Darcy Ann Callas serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Darcy Ann Callas is individuals with 121 clients and $18.64 million of assets under management. Among the 3 most similar advisory firms, Mwa Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $20.47 million for 124 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mwa Financial Services doesn't advise any private funds.

Careers at Mwa Financial Services, Inc.

The company employs 718 people that are either part- or full-time employees. 5 percent of the employees work as investment advisers or researchers. 49 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Darcy Ann Callas has been acting as President since 1 Apr 2006. Lester Lee Bohnert joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Modern Woodmen Of America	Parent co.	1 Feb 2001	75% - 100%	36-1493430
Pamela Sue Fritz	Chief compliance officer	1 Feb 2001	Other	1869421
William Kenneth Massey	Director	1 Feb 2005	Other	4366275
Darcy Ann Callas	Director	1 Apr 2006	Other	xxx-xx-xxxx
Todd David Swanson	Treasurer	1 Jun 2011	Other	4844282
Tyler Nicholas Tschopp	Finop	1 Aug 2011	Other	5916272
Brett Matthew Van	Director	1 May 2015	Other	6543047
Jerald James Lyphout	Secretary/director	1 Jun 2015	Other	4148959
Clint Joseph Pogemiller	President/chairman	1 Jun 2015	Other	2977743
Lester Lee Bohnert	Director	1 Apr 2018	Other	6933862
Amber Marie Bowman	Chief compliance officer	1 Apr 2018	Other	5576465
Dawn M Jensen	Chief operations officer	1 Apr 2018	Other	4936560

Based in Rock Island

The principal office where Mwa Financial Services, Inc. performs its advisory services is located at 1701 1 St Avenue, Rock Island, IL 61204 4116, which is also the mailing address of the firm. An additional office of the firm is in Ft. Myers, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 309-558-3100 or by fax 309-558-3150. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at modern-woodmen.org.