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Wealth Management Firms (RIAs) in Kalamazoo

12 wealth management firms are on this list. Of those that report regulatory assets on Form ADV, Zhang Financial is the largest: $8.4 billion through Zhang Financial LLC (filed ).

LVM Capital Management follows with $1.6 billion. The 12 advisers counted report $14.2 billion together; the ten largest hold 98% of it, and half report less than $325 million.

Updated . Rechecked quarterly; next check . Figures read , as filed to .

Where the $14.2BN sitsThe 12 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $5BN to $10BN59%1 firm
  2. $1BN to $5BN20%2 firms
  3. $500MM to $1BN9%2 firms
  4. Under $500MM11%7 firms

Latest Form ADV of each, filed Jan 2026 to Sep 2026. Read ; sources at the end of the page.

Wealth management firms listedList of November 2026; 12 are wealth managers
12
Combined assets12 counted; as filed to Sep 2026
$14.2BN
Largest: Zhang FinancialAs filed
$8.4BN
Median firmHalf of the 12 report less
$325MM
Held by the ten largestOf the $14.2BN combined
98%

Zhang Financial, LVM Capital Management and CWS Financial Advisors lead the Kalamazoo wealth management firms by assets

The twelve largest by regulatory assets on their latest Form ADV. Together they report $14.2BN, 100% of the $14.2BN the 12 counted report.

  1. 1

    Zhang Financial

    Wealth manager, Portage, MI

    $8.4BNRegulatory assets, Mar 2026

    62% high net worth, 23% government, 8% charities

    Individual clients
    2,295
  2. 2

    LVM Capital Management

    Wealth manager, Portage, MI

    $1.6BNRegulatory assets, Sep 2026

    91% high net worth, 9% charities

    Individual clients
    1,369
  3. 3

    CWS Financial Advisors

    Wealth manager, Kalamazoo, MI

    $1.3BNRegulatory assets, Jul 2026

    86% high net worth, 13% other individuals, 1% charities

    Individual clients
    802
  4. 4

    Bright Financial Advisors

    Wealth manager, Portage, MI

    $725MMRegulatory assets, Jan 2026

    78% high net worth, 22% other individuals

    Individual clients
    663
  5. 5

    Wolff Financial Management

    Wealth manager, Kalamazoo, MI

    $613MMRegulatory assets, Sep 2026

    90% high net worth, 10% other individuals

    Individual clients
    360
  6. 6

    626 Financial

    Wealth manager, Portage, MI

    $380MMRegulatory assets, Aug 2026

    73% high net worth, 26% other individuals

    Individual clients
    451
  7. 7

    Daus Financial Group

    Wealth manager, Kalamazoo, MI

    $271MMRegulatory assets, Aug 2026

    67% high net worth, 33% other individuals

    Individual clients
    327
  8. 8

    Clear Ridge Wealth Management

    Wealth manager, Kalamazoo, MI

    $245MMRegulatory assets, Mar 2026

    91% high net worth, 9% other individuals

    Individual clients
    131
  9. 9

    Haverdink Financial Management

    Wealth manager, Portage, MI

    $220MMRegulatory assets, Jan 2026

    79% high net worth, 19% other individuals, 2% pension plans

    Individual clients
    179
  10. 10

    Gasaway Investment Advisors

    Wealth manager, Kalamazoo, MI

    $173MMRegulatory assets, Jun 2026

    40% pension plans, 38% other individuals, 22% high net worth

    Individual clients
    384
  11. 11

    Breakwater Capital

    Wealth manager, Kalamazoo, MI

    $157MMRegulatory assets, Mar 2026

    76% high net worth, 18% other individuals, 6% charities

    Individual clients
    137
  12. 12

    Infinity Advisory Group

    Wealth manager, Portage, MI

    $129MMRegulatory assets, Mar 2026

    57% other individuals, 43% high net worth

    Individual clients
    208

Regulatory assets each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

One firm holds 59% of the assets

How the 12 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's regulatory assets in its latest filing. Every dot is one adviser. Dollar scale is logarithmic.
Assets of each of the 12 firms counted, log scaleEach dot is one adviser and links to its row. Zhang Financial $8.4BN; LVM Capital Management $1.6BN; CWS Financial Advisors $1.3BN; median $325MM.$100MM$1BN$10BNZhang Financial: $8.4BNLVM Capital Management: $1.6BNCWS Financial Advisors: $1.3BNBright Financial Advisors: $725MMWolff Financial Management: $613MM626 Financial: $380MMDaus Financial Group: $271MMClear Ridge Wealth Management: $245MMHaverdink Financial Management: $220MMGasaway Investment Advisors: $173MMBreakwater Capital: $157MMInfinity Advisory Group: $129MMZhang Financial $8.4BNLVM Capital Management $1.6BNCWS Financial Advisors $1.3BNMedian $325MMAssets of each of the 12 firms counted, log scaleEach dot is one adviser and links to its row. Zhang Financial $8.4BN; LVM Capital Management $1.6BN; CWS Financial Advisors $1.3BN; median $325MM.$1BNZhang Financial $8.4BNMedian $325MM

One dot per firm counted. Read .

The 12 firms, by size
Under $500MM711%$1.6BN
$500MM to $1BN29%$1.3BN
$1BN to $5BN220%$2.9BN
$5BN to $10BN159%$8.4BN
$10BN to $25BN00%$0
$25BN and over00%$0

Assets each reported in its latest filing; shares are of the $14.2BN combined, one row per firm. Read .

59%

of the assets reported sits with one firm, Zhang Financial. The five largest hold 89%; 9 of 12 report under $1 billion.

59%Largest30%Next 411%Other 7
Who the 12 are
  1. Wealth managers12

Kind of each, from its Form ADV (Items 5.G and 6.A), October 2026.

Whose money it isShare of the 12 advisers' assets by type of client
  1. High net worth70%
  2. Government14%
  3. Other individuals9%
  4. Charities6%
  5. Pension plans1%
  6. Businesses0%

Client types each adviser reports with its assets, latest filing; sums of filed figures.

Leaders beyond the ranking

Figures the main ranking does not compare: the most individual clients, the most high net worth clients.

The most individual clientsIndividuals each firm advises, high net worth and other, on its latest Form ADV (Item 5.D).
RankNameFigure
1Zhang Financial2,295Mar 2026
2LVM Capital Management1,369Sep 2026
3CWS Financial Advisors802Jul 2026
4Bright Financial Advisors663Jan 2026
5626 Financial451Aug 2026
6Gasaway Investment Advisors384Jun 2026
7Wolff Financial Management360Sep 2026
8Daus Financial Group327Aug 2026

Counts of clients as filed; a client is an account holder the adviser counts, not a household.

The most high net worth clientsHigh net worth individuals each firm advises, on its latest Form ADV (Item 5.D).
RankNameFigure
1LVM Capital Management1,369Sep 2026
2Zhang Financial1,355Mar 2026
3CWS Financial Advisors381Jul 2026
4Bright Financial Advisors223Jan 2026
5Wolff Financial Management155Sep 2026
6626 Financial122Aug 2026
7Daus Financial Group87Aug 2026
8Clear Ridge Wealth Management72Mar 2026

Counts of clients as filed; a client is an account holder the adviser counts, not a household.

The list is public. The warm path is not. Schedule a conversation

All 12 wealth management firms

A to Z, with each firm's regulatory assets, its clients, the share of its assets held for individuals and its private funds, each with a pin to its Form ADV.

Showing all 12 firms

Kind
Size
Order
Wealth Management Firms (RIAs) in Kalamazoo 12 firms, A to Z
OfficeAssetsBarClientsIndividualsPrivate funds
626 Financial
Wealth manager, Portage, MI.
Detail and sources for 626 Financial

Form ADV of 626 Financial, LLC (CRD 306474), SEC registered adviser, filed , main office Portage, MI: regulatory assets $380MM; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of 626 Financial, LLC, quarter ended , filed .

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions and pension consulting. Clients (Item 5.D): 451 individuals, 122 of them high net worth; individuals hold 99% of its regulatory assets.

Files: SEC Form ADV, SEC Form 13F.

$380MMAug 202645199%
Breakwater Capital
Wealth manager, Kalamazoo, MI.
Detail and sources for Breakwater Capital

Form ADV of Breakwater Capital, LLC (CRD 172498), SEC registered adviser, filed , main office Kalamazoo, MI: regulatory assets $157MM; 2 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 137 individuals, 47 of them high net worth; individuals hold 94% of its regulatory assets.

Files: SEC Form ADV.

$157MMMar 202614394%
Bright Financial Advisors
Wealth manager, Portage, MI.
Detail and sources for Bright Financial Advisors

Form ADV of Bright Financial Advisors, Inc. (CRD 107931), SEC registered adviser, filed , main office Portage, MI: regulatory assets $725MM; 12 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and portfolio management for businesses and institutions. Clients (Item 5.D): 663 individuals, 223 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$725MMJan 2026665100%
Clear Ridge Wealth Management
Wealth manager, Kalamazoo, MI.
Detail and sources for Clear Ridge Wealth Management

Form ADV of Clear Ridge Wealth Management, LLC (CRD 172689), SEC registered adviser, filed , main office Kalamazoo, MI: regulatory assets $245MM; 4 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and selection of other advisers. Clients (Item 5.D): 131 individuals, 72 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$245MMMar 2026132100%
CWS Financial Advisors
Wealth manager, Kalamazoo, MI.
Detail and sources for CWS Financial Advisors

Form ADV of CWS Financial Advisors LLC (CRD 297000), SEC registered adviser, filed , main office Kalamazoo, MI: regulatory assets $1.3BN; 12 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and pension consulting. Clients (Item 5.D): 802 individuals, 381 of them high net worth; individuals hold 99% of its regulatory assets.

Files: SEC Form ADV.

$1.3BNJul 202680799%
Daus Financial Group
Wealth manager, Kalamazoo, MI.
Detail and sources for Daus Financial Group

Form ADV of Daus Financial Services, LLC (CRD 323054), SEC registered adviser, filed , main office Kalamazoo, MI: regulatory assets $271MM; 8 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and educational seminars. Clients (Item 5.D): 327 individuals, 87 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$271MMAug 2026327100%
Gasaway Investment Advisors
Wealth manager, Kalamazoo, MI.
Detail and sources for Gasaway Investment Advisors

Form ADV of Gasaway Investment Advisors, Inc. (CRD 123807), SEC registered adviser, filed , main office Kalamazoo, MI: regulatory assets $173MM; 13 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, pension consulting, publications and educational seminars. Clients (Item 5.D): 384 individuals, 18 of them high net worth; individuals hold 60% of its regulatory assets.

Files: SEC Form ADV.

$173MMJun 202644660%
Haverdink Financial Management
Wealth manager, Portage, MI.
Detail and sources for Haverdink Financial Management

Form ADV of Haverdink Financial Management, L.L.C. (CRD 131236), SEC registered adviser, filed , main office Portage, MI: regulatory assets $220MM; 3 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting and other services. Clients (Item 5.D): 179 individuals, 62 of them high net worth; individuals hold 98% of its regulatory assets.

Files: SEC Form ADV.

$220MMJan 202618198%
Infinity Advisory Group
Wealth manager, Portage, MI.
Detail and sources for Infinity Advisory Group

Form ADV of Infinity Advisory Group, LLC (CRD 324723), SEC registered adviser, filed , main office Portage, MI: regulatory assets $129MM; 5 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, selection of other advisers and educational seminars. Clients (Item 5.D): 208 individuals, 34 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$129MMMar 2026208100%
LVM Capital Management
Wealth manager, Portage, MI.
Detail and sources for LVM Capital Management

Form ADV of LVM Capital Management Ltd (CRD 111039), SEC registered adviser, filed , main office Portage, MI: regulatory assets $1.6BN; 15 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals and portfolio management for businesses and institutions. Clients (Item 5.D): 1,369 individuals, 1,369 of them high net worth; individuals hold 91% of its regulatory assets.

Files: SEC Form ADV.

$1.6BNSep 20261,41691%
Wolff Financial Management
Wealth manager, Kalamazoo, MI.
Detail and sources for Wolff Financial Management

Form ADV of Wolff Financial Management LLC (CRD 283239), SEC registered adviser, filed , main office Kalamazoo, MI: regulatory assets $613MM; 6 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning and portfolio management for individuals. Clients (Item 5.D): 360 individuals, 155 of them high net worth; individuals hold 100% of its regulatory assets.

Files: SEC Form ADV.

$613MMSep 2026360100%
Zhang Financial
Wealth manager, Portage, MI.
Detail and sources for Zhang Financial

Form ADV of Zhang Financial LLC (CRD 159257), SEC registered adviser, filed , main office Portage, MI: regulatory assets $8.4BN; 50 employees.

Tied to this row by the CRD the list cites from the filing.

Services on its Form ADV (Item 5.G): financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting and educational seminars. Clients (Item 5.D): 2,295 individuals, 1,355 of them high net worth; individuals hold 67% of its regulatory assets.

Files: SEC Form ADV.

$8.4BNMar 20262,33167%

Assets are the regulatory assets in the adviser's latest Form ADV (Item 5.F; solid bar). Clients are every client it counts (Item 5.D); Individuals is the share of its assets held for individuals, high net worth and other; private funds are the funds it advises (Item 7.B). Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

One firm holds 59% of the money

Three findings from the filings of the 12 firms counted.

  1. 59%

    of the $14.2 billion the 12 firms counted report is one firm's: Zhang Financial. Without it, the other 11 report $5.8 billion.

    Assets, latest Form ADV of each; sums of filed figures

  2. $325MM

    is the median: half of the 12 report less, and 9 report under $1 billion.

    Assets, latest Form ADV of each

  3. 70%

    of their assets is high net worth money; the next largest client type is government, at 14%.

    Client types each adviser reports with its assets; sums of filed figures

Questions

How many wealth management firms are there in Kalamazoo?

This list holds 12 wealth management firms in the Kalamazoo metro; 12 of them report regulatory assets on Form ADV, $14.2 billion together.

What are the largest wealth management firms in Kalamazoo?

By the regulatory assets they report: Zhang Financial $8.4 billion, LVM Capital Management $1.6 billion, CWS Financial Advisors $1.3 billion, Bright Financial Advisors $725 million, Wolff Financial Management $613 million.

How much do wealth management firms in Kalamazoo typically manage?

Of the 12 that report, the median reports $325 million in regulatory assets; 9 report under $1 billion.

How do you start a relationship with wealth management firms in Kalamazoo?

Each figure on this page carries a pin that opens the firm's Form ADV, which names its services, its clients and how to reach it. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
12 wealth management firms, 12 are wealth managers. Every SEC registered adviser with a main office in Kalamazoo-Portage, MI MSA (Census CBSA 28020: Kalamazoo County) that reports $100 million or more in regulatory assets, half or more of them for individuals, less the firms our other lists carry as another kind.
Ranking rule
The top 20, every total, share and median, the charts and the answers to the questions use one set: the 12 advisers that report regulatory assets in their latest SEC Form ADV, with a main office in the Kalamazoo metro, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $14.2BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its latest 13F report. The pin's label names the source and its date.
What we searched
On we read every firm's latest Form ADV in the SEC monthly file by its CRD and searched 13F reports by the CIK on its Form ADV record. Of the 12, 12 report on a current Form ADV and 1 files 13F reports.
Words
Each firm's kind is read from its Form ADV: a wealth manager advises individuals and offers financial planning (Items 5.D and 5.G); "also a broker-dealer" where Item 6.A is checked. Firm names only: no person, contact or website is shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 12 advisersFilings to 2026-10-01; read 2026-11-06
Reports of listed stocks (13F filer)SEC EDGAR Form 13F, 1 filer, by the CIK on each Form ADVLatest filing; read 2026-11-06
Main office to metroHUD USPS ZIP to county crosswalk, 2026 Q2, and the Census metro delineation, July 2023Read 2026-11-06
LogosNone shown: each firm has a monogramRead 2026-11-06

Cite as: Praxis Rock Advisors, "Wealth Management Firms (RIAs) in Kalamazoo," updated November 6, 2026, praxisrock.com/resources/investors/wealth-management-firms-kalamazoo

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