Mwa Financial Services, Inc.

Registered investment adviser · Rock Island, IL · CRD #112630

Form ADV data as of 2026-09-01

Regulatory assets

$640.0 million

Total accounts

3,724

Employees

721

Disclosure events

Firm details

Website: https://www.linkedin.com/company/modern-woodmen-of-america/posts/?feedview=all
Telephone: 309-558-3100
SEC file number: 801-107091
Most recent Form ADV filing: 2026-05-01
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 2 disclosure questions answered Yes, covering 2 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Another regulator found a violation of investment-related regulations or statutes

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$0
Non-discretionary regulatory assets under management	$640.0 million
Total regulatory assets under management	$640.0 million
Discretionary accounts	0
Non-discretionary accounts	3,724
Total accounts	3,724
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	721
Employees performing investment advisory functions (including research)	164
Employees who are registered representatives of a broker-dealer	646
Employees registered as investment adviser representatives with a state	182
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	667
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another sales interest
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	1,905	$504.6 million
High net worth individuals	76	$118.3 million
Charitable organizations	17	$9.7 million
Corporations or other businesses not listed above	14	$7.3 million