Firm profile

Annex Wealth Management, LLC

BROOKFIELD, WICRD 127987Registration Status: ApprovedEffective since September 24, 2004SEC # 801-63505Latest ADV April 17, 2026

Annex Wealth Management, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Brookfield, WI. Its latest Form ADV filing, dated April 17, 2026, reports $8.1B in regulatory assets under management, 151 employees, 9 offices, and 22,003 accounts.

Assets Under Management
$8.1B
Employees
151
Offices
9 offices
Total Clients
6,802

Associated firm names

5 names listed
  • ANNEX ADVISORY SERVICES, LLC
  • SAVVY - POWERED BY ANNEX WEALTH MANAGEMENT
  • SAVVY
  • ANNEX WEALTH MANAGEMENT, LLC

Leadership

2 roles identified
CEODavid J. Spano
CCONaomi K. Ackley

Advisory services offered

8 types reported
Educational seminars/workshops
Financial Planning Services
Other advisory services

Fee models offered

3 types reported
Asset based fees
Fixed fees
Hourly charges

Offices & Contact

Primary office

BROOKFIELD, Wisconsin, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Wisconsin

BROOKFIELDPrimary office · MILWAUKEE · MEQUON · APPLETON · DELAFIELD · MADISON · WHITEFISH BAY

Florida

NAPLES

Illinois

LIBERTYVILLE

9 office records listed · 9 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$8.1Bas of April 17, 2026
Discretionary97.0%
$7.8B
97% of total RAUM97.0%
Non-discretionary3.0%
$239M
3% of total RAUM3.0%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentIndividuals represent 56.1% of total clients.
Top client categories% of clientsClients
1
Individuals
56.1%
3,819
2
HNWI
42.5%
2,891
3
Pension Plans
1.2%
85
4
Charitable
0.1%
7
Categories with <5 clients
Corporations or other businesses not listed above<5 clients
State or municipal government entities (including govt. pension plans)<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$8.1B
Total Accounts22,003
10Y AUM Change+$6.7B (+482.7%)

Private Funds

Private funds reported by Annex Wealth Management, LLC

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees151
Clients per Employee45:1
10Y Employee Change+91 (+151.7%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
ANNEX HOLDCO II, LLCDirect owner · Schedule AInterest in ANNEX WEALTH MANAGEMENT, LLC
75%+
ANNEX HOLDCO I, LLCIndirect owner · Schedule BInterest in ANNEX HOLDCO II, LLC
75%+
DAVID J SPANO REVOCABLE TRUST, DATED JANUARY 2, 2018Indirect owner · Schedule BInterest in ANNEX HOLDCO I, LLC
50% to < 75%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Annex Wealth Management, LLC.

Reported ownership and control details

Form ADV · Filing date 2026-04-17 · Schedules A and B

5 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1DAVID JOSEPH SPANOCEOIndividualANNEX WEALTH MANAGEMENT, LLCLess than 5%Code NAYesCEO07/2003Schedule APDF page 26
2NAOMI KAROL ACKLEYCHIEF COMPLIANCE OFFICERIndividualANNEX WEALTH MANAGEMENT, LLCLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER09/2020Schedule APDF page 26
3ANNEX HOLDCO II, LLCSOLE MEMBERDomestic entityANNEX WEALTH MANAGEMENT, LLC75% or moreCode EYesSOLE MEMBER12/2025Schedule APDF page 26
4ANNEX HOLDCO I, LLCSOLE MEMBERDomestic entityANNEX HOLDCO II, LLC75% or moreCode EYesSOLE MEMBER12/2025Schedule BPDF page 26
5DAVID J SPANO REVOCABLE TRUST, DATED JANUARY 2, 2018STOCKHOLDERDomestic entityANNEX HOLDCO I, LLC50% to less than 75%Code DYesSTOCKHOLDER12/2025Schedule BPDF page 26

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 4/17/2026 3:17:59 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.