Ern Financial, Llc
- Regulatory AUM
- $1.2B
- Discretionary
- $1.1B
- Clients
- 601
- Avg AUM / client
- $1.9M
- Accounts
- 2,608
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Apr 08, 2026
Investments (13F portfolio — 150 positions, $531,782,419)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Spdr Series Trust | STATE STREET SPD | $39,521,349 | 698,504 | 7.43% | 3.43% |
| 2 | Spdr Series Trust | STATE STREET SPD | $36,537,222 | 373,172 | 6.87% | 3.17% |
| 3 | Spdr Index Shs Fds | STATE STREET SPD | $29,936,708 | 655,788 | 5.63% | 2.59% |
| 4 | Ishares Tr | CORE MSCI EAFE | $18,961,443 | 209,449 | 3.57% | 1.64% |
| 5 | Victory Portfolios Ii | SHORT TRM BD ETF | $16,900,245 | 334,129 | 3.18% | 1.46% |
| 6 | Spdr Series Trust | STATE STREET SPD | $14,427,176 | 169,432 | 2.71% | 1.25% |
| 7 | American Centy Etf Tr | AVANTIS EMGMKT | $13,918,039 | 172,723 | 2.62% | 1.21% |
| 8 | Spdr Index Shs Fds | STATE STREET SPD | $12,481,768 | 266,079 | 2.35% | 1.08% |
| 9 | Pimco Etf Tr | MULTISECTOR BD | $12,204,196 | 465,809 | 2.3% | 1.06% |
| 10 | Dimensional Etf Trust | CORE FIXED INCOM | $11,117,605 | 263,326 | 2.09% | 0.96% |
| 11 | Ishares Tr | MSCI USA QLT FCT | $10,928,415 | 56,975 | 2.06% | 0.95% |
| 12 | Ishares Tr | GLOBAL REIT ETF | $10,895,874 | 433,236 | 2.05% | 0.94% |
| 13 | Dimensional Etf Trust | WORLD EX US CORE | $10,770,284 | 317,053 | 2.03% | 0.93% |
| 14 | John Hancock Exchange Traded | MLTFCTR LRG CAP | $10,403,998 | 132,924 | 1.96% | 0.9% |
| 15 | Vanguard Index Fds | GROWTH ETF | $9,683,326 | 22,169 | 1.82% | 0.84% |
| 16 | J P Morgan Exchange Traded F | U S TECH LEADERS | $9,464,226 | 118,987 | 1.78% | 0.82% |
| 17 | Spdr Series Trust | STATE STREET SPD | $9,182,083 | 358,395 | 1.73% | 0.8% |
| 18 | Spdr Series Trust | STATE STREET SPD | $9,016,921 | 346,671 | 1.7% | 0.78% |
| 19 | Spdr Series Trust | STATE STREET SPD | $8,737,734 | 91,056 | 1.64% | 0.76% |
| 20 | Invesco Exch Trd Slf Idx Fd | RUSL 1000 DYNM | $8,562,933 | 142,431 | 1.61% | 0.74% |
| 21 | Vaneck Etf Trust | REAL ASSETS ETF | $8,547,146 | 209,952 | 1.61% | 0.74% |
| 22 | Hartford Fds Exchange Traded | MUN OPORTUNITE | $8,086,091 | 208,727 | 1.52% | 0.7% |
| 23 | Spdr Series Trust | STATE STREET SPD | $7,829,036 | 102,287 | 1.47% | 0.68% |
| 24 | Ishares Tr | CRE U S REIT ETF | $7,720,760 | 130,440 | 1.45% | 0.67% |
| 25 | First Tr Exch Traded Fd Iii | MANAGD MUN ETF | $7,714,147 | 152,273 | 1.45% | 0.67% |
Top 25 of 150 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 299 | $123M | 10.7% |
| High net worth individuals | 293 | $1.0B | 88.1% |
| Pension and profit sharing plans | 1 | $2.0M | 0.18% |
| Charitable organizations | 5 | $11.3M | 0.98% |
| Corporations and other businesses | 3 | $207K | 0.02% |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Michael Muehl | Member | May 2018 (8y) | ≈ 6.25% – 25% via Ern Wisconsin, Inc. | |
| Eric David Raether | President | CFP | May 2018 (8y) | ≈ 18.75% – 50% via Ern Wisconsin, Inc. |
| Ernest Patrick Moosherr | Chief Executive Officer | Chartered Financial Consultant | May 2018 (8y) | ≈ 18.75% – 50% via Ern Michigan, Inc. |
| Chad Frederick Wing | Vice President | CFP | Jun 2021 (5y) | ≈ 18.75% – 50% via Ern Cd Arizona |
| Mark Gregory Buchanan | Chief Compliance Officer/Coo | CFP | Jun 2021 (5y) | Less than 5% |
| Reyn Eichenlaub | Registered representative | May 2022 (4y) | ||
| Melodie Kay Ace | Registered representative | Chartered Financial Consultant | Jan 2023 (4y) | |
| Brian James Kopp | Registered representative | Nov 2024 (2y) | ||
| Trent Jacob Hinton | Registered representative | Jun 2025 (1y) | ||
| Frederick Haas Moosherr | Registered representative | Jul 2025 (1y) | ||
| Ernest Devan Moosherr | Registered representative | Nov 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ern Michigan, Inc. | Member | May 2018 | A | 25% – 50% |
| Ern Wisconsin, Inc. | Member | May 2018 | A | 25% – 50% |
| Ern Cd Arizona | Member | Jun 2021 | A | 25% – 50% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- David Michael Muehl: 25% – 50% of Ern Wisconsin, Inc. × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Eric David Raether: 75% – 100% of Ern Wisconsin, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Ernest Patrick Moosherr: 75% – 100% of Ern Michigan, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Chad Frederick Wing: 75% – 100% of Ern Cd Arizona × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/08/2026 | 992 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $1.1B (92% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 08, 2026.
View current Form ADV (SEC/IAPD) ↗