Private Wealth Asset Management, Llc
SEC-registered
Insurance-Affiliated · Mid-sized ($1B–$10B)
CRD 315819
· SEC file 801-122065
· Omaha, NE
· www.linkedin.com
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ADV data as of Apr 13, 2026
- Regulatory AUM
- $2.5B
- Discretionary
- $2.5B
- Clients
- 559
- Avg AUM / client
- $4.5M
- Accounts
- 2,268
- Employees
- 32
AUM over time
$0
$2.5B
Jul 2021
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 13, 2026
Investments (13F portfolio — 923 positions, $935,387,805)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Core S&P 500 Etf | CORE S&P500 ETF | $94,282,033 | 144,336 | 10.1% | 3.74% |
| 2 | Ishares Trust Core Msci Eafe Etf | CORE MSCI EAFE | $64,881,314 | 716,683 | 6.94% | 2.57% |
| 3 | Ishares Core Msci Emerging Markets Etf | CORE MSCI EMKT | $60,316,868 | 864,758 | 6.45% | 2.39% |
| 4 | Ishares Core S&P Mid Cap Etf | CORE S&P MCP ETF | $57,009,897 | 844,216 | 6.09% | 2.26% |
| 5 | Ishares Core S&P Small Cap E | CORE S&P SCP ETF | $30,861,685 | 248,264 | 3.3% | 1.22% |
| 6 | Apple Inc | COM | $28,744,363 | 113,260 | 3.07% | 1.14% |
| 7 | First Tr Exchange Traded Fd Vi Smid Risng Etf | SMID RISNG ETF | $20,132,564 | 510,590 | 2.15% | 0.8% |
| 8 | Microsoft Corp | COM | $17,071,633 | 46,118 | 1.83% | 0.68% |
| 9 | Berkshire Hathaway Inc Com Usd0.0033 Class B | CL B NEW | $15,781,733 | 32,934 | 1.69% | 0.63% |
| 10 | Berkshire Hathaway Inc | CL A | $15,080,940 | 21 | 1.61% | 0.6% |
| 11 | Vanguard Real Estate Etf | REAL ESTATE ETF | $13,693,330 | 154,378 | 1.46% | 0.54% |
| 12 | Ishares Tr Rus Mid Cap Etf | RUS MID CAP ETF | $13,675,108 | 140,647 | 1.46% | 0.54% |
| 13 | Ssga Active Trust State Street Multi Asset Real Return Etf | STATE STREET MUL | $13,243,444 | 366,347 | 1.42% | 0.52% |
| 14 | Vanguard Sht Term Inflation Protected Sec Idx | STRM INFPROIDX | $13,067,398 | 261,610 | 1.4% | 0.52% |
| 15 | Cohen &Steers Etf Trust Real Estate Active Etf | REAL ESTATE ACTI | $12,336,095 | 469,410 | 1.32% | 0.49% |
| 16 | Ishares Core S&P Total Us Stock Market Etf | CORE S&P TTL STK | $10,945,951 | 76,851 | 1.17% | 0.43% |
| 17 | Ishares Msci Eafe Etf | MSCI EAFE ETF | $10,944,997 | 112,684 | 1.17% | 0.43% |
| 18 | Ea Series Trust Cambria Endowm | CAMBRIA ENDOWM | $10,811,179 | 339,594 | 1.16% | 0.43% |
| 19 | Exxon Mobil Corp Com | COM | $10,309,381 | 60,765 | 1.1% | 0.41% |
| 20 | Caterpillar Inc Com | COM | $9,867,431 | 13,928 | 1.05% | 0.39% |
| 21 | Eli Lilly &Co Com | COM | $9,646,548 | 10,488 | 1.03% | 0.38% |
| 22 | Nvidia Corporation Com | COM | $9,619,032 | 55,155 | 1.03% | 0.38% |
| 23 | Workiva Inc Com Cl A | COM CL A | $9,421,540 | 158,000 | 1.01% | 0.37% |
| 24 | Alphabet Inc Cap Stk Cl A | CAP STK CL A | $8,915,223 | 31,003 | 0.95% | 0.35% |
| 25 | Ishares Tr Rus Md Cp Gr Etf | RUS MD CP GR ETF | $8,621,964 | 67,296 | 0.92% | 0.34% |
Top 25 of 923 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) | 153 | $61.9M | 2.45% |
| High net worth individuals | 406 | $2.5B | 97.5% |
People (28)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Klauer, Thomas, D | Managing Member | May 2021 (5y) | ≈ 2.81% – 10% via Commercial Court One, Llc | |
| Brett Warren Halley | Chief Investment Officer | CFA | Sep 2021 (5y) | Less than 5% |
| Clines, Melissa, Jo | Chief Operations Officer | Sep 2022 (4y) | Less than 5% | |
| Johnson, Bryan, Lee | Chief Administrative Officer | Jan 2024 (3y) | Less than 5% | |
| Wendy Marie Brekken | President | Jan 2024 (3y) | Less than 5% | |
| Cappellano, Kimberly, Lynn | Chief Compliance Officer And Chief Executive Officer | Mar 2024 (2y) | Less than 5% | |
| Foster, Robert, Andrew | Managing Member | Sep 2024 (2y) | ≈ 7.5% – 25% via Omaha Capital 19 Llc | |
| Heather Fortune Vestweber | Registered representative | Sep 2021 (5y) | ||
| Deanna Lynn Connell | Registered representative | Sep 2021 (5y) | ||
| David Don Holtorf | Registered representative | Sep 2021 (5y) | ||
| Debra Marie Wilkens | Registered representative | CFA | Nov 2021 (5y) | |
| David Michael Hillner | Registered representative | CFP CFA | Dec 2021 (5y) | |
| David Edward Arens | Registered representative | Jan 2022 (5y) | ||
| Bryan Jarman | Registered representative | CFA | Jan 2022 (5y) | |
| Christine Marie Casey | Registered representative | Apr 2022 (4y) | ||
| David A Tawil | Registered representative | Jul 2022 (4y) | ||
| Russell Wayne Samples | Registered representative | Jul 2022 (4y) | ||
| Michelle Da Ree Acton | Registered representative | Nov 2022 (4y) | ||
| Gayle Ann Fincher | Registered representative | May 2023 (3y) | ||
| Zachary Blackwell Ritchey | Registered representative | CFP | May 2023 (3y) | |
| Tyler Richard Schlumpf | Registered representative | CFA | May 2023 (3y) | |
| Benjamin Daniel Goethel | Registered representative | Sep 2023 (3y) | ||
| Jeffrey H Steiner | Registered representative | May 2024 (2y) | ||
| Timothy Edward Durbin | Registered representative | May 2024 (2y) | ||
| Michael Leabo | Registered representative | Aug 2025 (1y) | ||
| Madison Ann Vestweber | Registered representative | Oct 2025 (1y) | ||
| Hayden Richard Passmore | Registered representative | Mar 2026 (0y) | ||
| Giovani J Rodriquez Martinez | Registered representative | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pwam Advisor Partners | Owner | Sep 2021 | A | 50% – 75% |
| Omaha Capital 19 Llc | Non Controlling Entity Owner | Sep 2024 | A | 10% – 25% |
| Garage Row Oz Llc | Non Controlling Entity Owner | May 2021 | A | 5% – 10% |
| Commercial Court One, Llc | Owner | May 2021 | B | ≈ 3.75% – 10% via Garage Row Oz Llc |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Klauer, Thomas, D: 75% – 100% of Commercial Court One, Llc × 75% – 100% of Garage Row Oz Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Foster, Robert, Andrew: 75% – 100% of Omaha Capital 19 Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Commercial Court One, Llc: 75% – 100% of Garage Row Oz Llc × 5% – 10% direct ≈ 3.75% – 10% 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) | 04/13/2026 | 1010 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
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Fidelity Distributors Company Llc $2.5B (100% 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 13, 2026.
View current Form ADV (SEC/IAPD) ↗