Modern Wealth Management, LLC

Registered adviser

CIK

2001900

Location

KANSAS CITY, MO

Portfolio Value

Mid $8,197,327,310

Diversification

Diversified

Reports for

Orion Portfolio Solutions ALLIANCEBERNSTEIN L.P. BlackRock Investment Management, LLC VISE AI Advisors Advisors Capital Management, LLC SpiderRock Advisors, LLC Aperio Group, LLC Orion Porfolio Solutions, LLC

+ 3 more

Greenrock Research, Inc. ENVESTNET ASSET MANAGEMENT INC Perigon Wealth Management, LLC

Filing Date

Global Rank

#622 / 8,818 ▲ 112

Top Industry

Asset Management 13.5%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

11 quarters · since Dec 2023

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 324624

Roster of Oct 1, 2026

Regulatory AUM

$10,904,051,242

Main clients

Individuals and high net worth (88% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$10,904,051,242	Individuals and high net worth (88%)
Apr 2025 to Mar 2026	$6,148,915,787	Individuals and high net worth (86%)
Apr 2024 to Mar 2025	$2,073,107,856	Individuals and high net worth (98%)
Jun 2023 to Mar 2024	$1,535,399,313	Individuals and high net worth (100%)
May 2023	$1,566,351,377	Individuals and high net worth (98%)
Feb 2023 to Apr 2023	$0	—

Stated strategy

Quantitative / systematic, Fundamental active, Multi-asset, Wealth management / planning Form ADV Part 2A, Apr 28, 2026 · original

In the firm's words

Quantitative / systematic: Our methods of analysis include, but are not limited to, fundamental analysis, technical analysis, and quantitative analysis.
Fundamental active: Our methods of analysis include, but are not limited to, fundamental analysis, technical analysis, and quantitative analysis.
Multi-asset: We often seek to achieve long-term client objectives through strategic asset allocation but also allow the freedom to incorporate tactical views and strategies where appropriate.
Wealth management / planning: The goal is to identify a client’s risk tolerance and find the most appropriate Third-Party Money Manager (“TPMM”) if appropriate.

Stated strategy

Quantitative / systematic, Fundamental active, Multi-asset, Wealth management / planning Form ADV Part 2A, Apr 28, 2026 · original

In the firm's words

Quantitative / systematic: Our methods of analysis include, but are not limited to, fundamental analysis, technical analysis, and quantitative analysis.
Fundamental active: Our methods of analysis include, but are not limited to, fundamental analysis, technical analysis, and quantitative analysis.
Multi-asset: We often seek to achieve long-term client objectives through strategic asset allocation but also allow the freedom to incorporate tactical views and strategies where appropriate.
Wealth management / planning: The goal is to identify a client’s risk tolerance and find the most appropriate Third-Party Money Manager (“TPMM”) if appropriate.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 52.4%, 18.6 effective positions, active share 70.0% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

29.3% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 7.3 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 70.0%; sector active share 65.8% against the combined 13F book's sector weights.

Over time 11 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,099 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

19.3%

−3.9 pts

Top 5

37.6%

−3.0 pts

Top 10

52.3%

−4.4 pts

HHI

536

Diversified−160

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	78.7%	$6,451,635,825	515
Technology	7.1%	$583,334,241	86
Financial Services	5.5%	$453,230,875	143
Communication Services	1.6%	$129,274,370	23
Industrials	1.5%	$126,318,243	77
Healthcare	1.4%	$110,847,269	57
Consumer Cyclical	1.3%	$102,518,610	41
Consumer Defensive	1.0%	$80,960,921	30
Energy	0.8%	$66,067,531	33
Utilities	0.6%	$51,505,222	39
Real Estate	0.4%	$28,910,009	32
Basic Materials	0.2%	$12,724,194	23

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FBND	Fidelity Total Bond ETF	+3,094,581	8,110,234	$368,934,543
PYLD		+2,674,042	2,780,125	$73,728,914
JCPB	JPMorgan Core Plus Bond ETF	+2,114,609	4,300,875	$201,883,071
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	+1,066,774	1,439,692	$84,913,031
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+1,036,350	2,258,636	$198,488,931
—		+962,195	2,002,727	$83,353,497
LRGF	iShares U.S. Equity Factor ETF	+759,481	1,810,836	$136,953,526
AVDE	Avantis International Equity ETF	+733,236	1,542,262	$137,569,770
XLF	State Street Corp	+615,919	636,457	$34,120,459
OUNZ	VanEck Merk Gold ETF	+493,705	1,037,290	$40,029,019
DFIS	Dimensional International Small Cap ETF	+478,352	1,741,088	$60,990,312
BINC		+448,368	655,822	$34,325,723
VFLO	VictoryShares Free Cash Flow ETF	+426,025	2,789,021	$127,597,710
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	+421,716	456,112	$45,980,650
SHY	iShares 1-3 Year Treasury Bond ETF	+379,973	849,764	$69,774,121
JSI	Janus Henderson Securitized Income ETF	+375,847	379,913	$19,455,344
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+344,039	347,334	$28,696,735
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	+335,707	344,253	$17,384,776
IWF	iShares Russell 1000 Growth ETF	+314,213	321,665	$39,941,143
JPST	JPMorgan Ultra-Short Income ETF	+305,607	359,025	$18,155,894
DYNF	iShares U.S. Equity Factor Rotation Active ETF	+302,216	619,141	$42,107,778
BPRE	Bluerock Private Real Estate Fund	+300,829	866,621	$11,274,738
IUSB	iShares Core Universal USD Bond ETF	+281,415	831,929	$38,393,523
AVEM	Avantis Emerging Markets Equity ETF	+267,966	1,379,015	$133,061,156
SCHY	Schwab International Dividend Equity ETF	+266,735	601,864	$19,097,144
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		−1,449,370	616,249	$17,877,382
JMBS	Janus Henderson Mortgage-Backed Securities ETF	−1,342,881	653,740	$29,411,762
TCAF	T. Rowe Price Capital Appreciation Equity ETF	−1,131,767	147,223	$6,050,865
IJK	iShares S&P Mid-Cap 400 Growth ETF	−488,614	2,846	$334,405
IJS	iShares S&P Small-Cap 600 Value ETF	−409,286	2,552	$348,807
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	−341,774	97,451	$5,924,044
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	−256,754	1,129,081	$102,509,262
IAGG	iShares Core International Aggregate Bond ETF	−230,437	210,560	$10,654,335
PID	Victory Portfolios II	−205,073	633,789	$14,070,115
YSEP	FT Vest International Equity Moderate Buffer ETF - September	−165,009	52,764	$1,453,120
FEBT	AllianzIM U.S. Equity Buffer10 Feb ETF	−161,532	18,921	$778,409
JFLX	JPMorgan Flexible Debt ETF	−159,229	22,395	$1,128,708
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	−156,319	101,525	$2,459,950
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	−155,807	102,219	$2,475,744
EELV	Invesco Ltd.	−152,278	141,418	$3,931,420
IBDT	iShares iBonds Dec 2028 Term Corporate ETF	−147,738	97,557	$2,463,314
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	−147,704	483,874	$14,521,058
IOO	iShares Global 100 ETF	−138,086	162,393	$22,182,882
IWM	iShares Russell 2000 ETF	−136,178	69,447	$20,865,351
SNSR	Global X Internet of Things ETF	−122,111	431,017	$21,537,919
QUAL	iShares MSCI USA Quality Factor ETF	−121,769	332,275	$72,911,103
COWZ	Pacer US Cash Cows 100 ETF	−116,756	374,188	$23,274,493
SCHF	Schwab International Equity ETF	−108,992	2,079,859	$57,612,093
QJUN	FT Vest Nasdaq-100 Buffer ETF - June	−99,872	320,164	$10,817,060
USMV	iShares MSCI USA Min Vol Factor ETF	−97,095	59,864	$5,774,480
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
QGRO	American Century U.S. Quality Growth ETF	592,369	$69,929,158
XCEM	Columbia EM Core ex-China ETF	698,040	$36,912,355
FTSL	First Trust Senior Loan Fund	767,322	$34,337,659
KORP	American Century Diversified Corporate Bond ETF	639,520	$29,961,512
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	158,546	$29,367,475
EDOW	First Trust Dow 30 Equal Weight ETF	648,710	$28,601,623
FLGV	Franklin U.S. Treasury Bond ETF	1,326,307	$26,897,505
FTGC	First Trust Global Tactical Commodity Strategy Fund	971,639	$26,282,834
PFM	Victory Portfolios II	466,295	$25,856,057
BOND	PIMCO Active Bond Exchange-Traded Fund	273,591	$25,227,826
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	99,005	$21,702,886
RSPG	Victory Portfolios II	220,963	$21,645,535
SPBO	State Street(R) SPDR Portfolio Corporate Bond ETF	709,247	$20,596,532
—		152,272	$20,489,720
PFFD	Global X U.S. Preferred ETF	1,087,805	$20,331,075
TVAL	T. Rowe Price Value ETF	468,439	$19,524,537
EMBD	Global X Emerging Markets Bond ETF	702,949	$16,835,628
IYM	iShares U.S. Basic Materials ETF	91,062	$16,348,360
HONA	Honeywell Aerospace Inc.	62,416	$13,798,926
JPIB	JPMorgan International Bond Opportunities ETF	275,212	$13,306,500
MAYT	AllianzIM U.S. Equity Buffer10 May ETF	272,003	$10,607,572
YMAR	FT Vest International Equity Moderate Buffer ETF - March	362,437	$10,386,357
IWO	iShares Russell 2000 Growth ETF	25,117	$9,895,093
UTES	Virtus Reaves Utilities ETF	111,100	$9,081,314
IJJ	iShares S&P Mid-Cap 400 Value ETF	56,189	$8,300,800
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AVUV	Avantis U.S. Small Cap Value ETF	168,454	$18,609,112
JANT	AllianzIM U.S. Equity Buffer10 Jan ETF	46,571	$1,868,242
—		8,119	$1,539,281
OCTW	AllianzIM U.S. Equity Buffer20 Oct ETF	32,758	$1,260,200
JULT	AllianzIM U.S. Equity Buffer10 Jul ETF	10,645	$467,943
DFAI	Dimensional International Core Equity Market ETF	11,146	$434,248
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	22,003	$381,091
BAB	Invesco Exchange-Traded Fund Trust II	13,910	$375,013
IR	Ingersoll Rand Inc.	4,552	$364,704
INGR	Ingredion Inc	2,899	$326,598
ITT	Itt Inc.	1,636	$311,705
JKHY	Jack Henry & Associates Inc	1,966	$310,705
DLB	Dolby Laboratories, Inc.	4,748	$285,163
VICI	Vici Properties Inc.	10,330	$282,213
PGX	Invesco Ltd.	25,268	$274,915
IDCC	InterDigital, Inc.	842	$254,284
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	4,403	$243,750
ZM	Zoom Communications, Inc.	2,917	$234,496
PEGA	Pegasystems Inc	5,434	$231,270
ALNY	Alnylam Pharmaceuticals, Inc.	696	$230,285
CTSH	Cognizant Technology Solutions Corp	3,746	$229,815
KGC	Kinross Gold Corp	7,229	$220,627
—		3,098	$215,061
SH	ProShares Short S&P500	5,599	$212,370
RGLD	Royal Gold Inc	823	$209,444
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,099 tracked positions · $8,197,327,310 total · filing declares 3,022 positions · $8,395,465,303 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,099 positions by value · page 1 of 22

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
FBND	Fidelity Total Bond ETF	Added	8,110,234	+3,094,581	$368,934,543	+61.2%	7	$45.86	4.50%
JCPB	JPMorgan Core Plus Bond ETF	Added	4,300,875	+2,114,609	$201,883,071	+96.1%	6	$46.96	2.46%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	2,258,636	+1,036,350	$198,488,931	+112.2%	6	$79.58	2.42%
AAPL	Apple Inc. Technology	Added	614,819	+97,771	$177,904,022	+35.6%	11	before history	2.17%
JAAA	Janus Henderson AAA CLO ETF	Added	2,957,809	+202,124	$149,339,775	+7.6%	9	$50.71	1.82%
IVV	iShares Core S&P 500 ETF	Added	198,582	+40,918	$148,716,073	+44.4%	11	before history	1.81%
SPY	Spdr S&P 500 ETF Trust PUT + SHARES	Added	195,761	+108,362	$146,188,441	+157.2%	11	before history	1.78%
AVDE	Avantis International Equity ETF	Added	1,542,262	+733,236	$137,569,770	+100.4%	7	$83.77	1.68%
LRGF	iShares U.S. Equity Factor ETF	Added	1,810,836	+759,481	$136,953,526	+97.4%	6	unpriced	1.67%
AVEM	Avantis Emerging Markets Equity ETF	Added	1,379,015	+267,966	$133,061,156	+48.6%	6	$77.01	1.62%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	349,601	+51,841	$129,366,352	+35.4%	11	before history	1.58%
VFLO	VictoryShares Free Cash Flow ETF	Added	2,789,021	+426,025	$127,597,710	+36.8%	5	$37.11	1.56%
MSFT	Microsoft Corp PUT + SHARES Technology	Added	304,507	+76,288	$113,587,197	+34.5%	11	before history	1.39%
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	Reduced	1,129,081	-256,754	$102,509,262	−6.4%	11	before history	1.25%
IVW	iShares S&P 500 Growth ETF	Added	735,644	+142,788	$101,173,117	+50.9%	11	before history	1.23%
QQQ	Invesco Qqq Trust, Series 1	Reduced	124,311	-2,291	$91,542,620	+25.3%	9	$480.83	1.12%
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	Added	1,439,692	+1,066,774	$84,913,031	+282.4%	7	$59.07	1.04%
		Added	2,002,727	+962,195	$83,353,497	+121.4%	4	$39.18	1.02%
IQLT	iShares MSCI Intl Quality Factor ETF	Added	1,564,321	+167,672	$77,512,104	+20.0%	6	unpriced	0.95%
PYLD		Added	2,780,125	+2,674,042	$73,728,914	+2552.7%	4	$26.42	0.90%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	332,275	-121,769	$72,911,103	−16.3%	10	unpriced	0.89%
SMLF	iShares U.S. Small-Cap Equity Factor ETF	Added	809,068	+75,094	$72,120,321	+30.2%	6	unpriced	0.88%
QGRO	American Century U.S. Quality Growth ETF	NEW	592,369	NEW	$69,929,158	NEW	1	$113.55	0.85%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	849,764	+379,973	$69,774,121	+79.9%	11	before history	0.85%
QQQM	Invesco Ltd. Financial Services	Added	229,703	+119,598	$69,593,117	+166.0%	7	$252.87	0.85%
IVE	iShares S&P 500 Value ETF	Reduced	280,304	-6,066	$63,645,825	+5.3%	11	before history	0.78%
JPM	Jpmorgan Chase & Co Financial Services	Added	189,020	+25,089	$61,871,914	+28.3%	11	before history	0.75%
DFIS	Dimensional International Small Cap ETF	Added	1,741,088	+478,352	$60,990,312	+43.5%	5	$31.49	0.74%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	2,055,084	-33,808	$60,481,122	+12.9%	6	$25.52	0.74%
NVDA	Nvidia Corp Technology	Added	296,826	+71,791	$59,391,910	+51.3%	11	before history	0.72%
SCHF	Schwab International Equity ETF	Reduced	2,079,859	-108,992	$57,612,093	+6.3%	6	$22.25	0.70%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	107,510	+8,037	$53,796,926	+12.9%	4	$484.91	0.66%
GOOGL	Alphabet Inc. Communication Services	Added	146,583	+11,290	$52,384,362	+34.6%	11	before history	0.64%
AMZN	Amazon Com Inc Consumer Cyclical	Added	214,458	+38,031	$51,113,917	+39.1%	11	before history	0.62%
SCHB	Schwab U.S. Broad Market ETF	Added	1,592,627	+62,989	$46,122,477	+20.1%	6	$24.55	0.56%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Added	456,112	+421,716	$45,980,650	+1229.2%	11	before history	0.56%
GPIX	Goldman Sachs S&P 500 Premium Income ETF	Added	808,515	+225,584	$44,929,178	+54.0%	3	$52.79	0.55%
HEWJ	iShares Currency Hedged MSCI Japan ETF	Reduced	670,038	-9,927	$43,230,851	+13.0%	4	unpriced	0.53%
DYNF	iShares U.S. Equity Factor Rotation Active ETF	Added	619,141	+302,216	$42,107,778	+128.4%	10	$60.58	0.51%
OUNZ	VanEck Merk Gold ETF	Added	1,037,290	+493,705	$40,029,019	+63.5%	11	before history	0.49%
IWF	iShares Russell 1000 Growth ETF	Added	321,665	+314,213	$39,941,143	+1157.0%	11	before history	0.49%
GOOG	Alphabet Inc. PUT + SHARES Communication Services	Added	111,883	+17,609	$39,531,618	+46.2%	11	before history	0.48%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	80,462	-18,580	$38,426,234	+14.8%	10	$236.34	0.47%
IUSB	iShares Core Universal USD Bond ETF	Added	831,929	+281,415	$38,393,523	+51.0%	10	unpriced	0.47%
JIRE	JPMorgan International Research Enhanced Equity ETF	Reduced	463,659	-4,929	$38,247,230	+7.8%	4	$72.45	0.47%
XCEM	Columbia EM Core ex-China ETF	NEW	698,040	NEW	$36,912,355	NEW	1	$48.87	0.45%
VTV	VANGUARD VALUE INDEX FUND	Added	166,666	+16	$36,321,521	+11.1%	10	unpriced	0.44%
PPA	Victory Portfolios II	Added	196,588	+70,966	$34,727,269	+66.8%	4	$160.86	0.42%
FTSL	First Trust Senior Loan Fund	NEW	767,322	NEW	$34,337,659	NEW	1	$45.01	0.42%
BINC		Added	655,822	+448,368	$34,325,723	+218.6%	9	$52.40	0.42%

Showing the top 50 of 1,099 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.