Midwest Heritage Financial Advisors
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Midwest Heritage Financial Advisors is a registered investment adviser operating as a separately identifiable department of Midwest Heritage Bank, FSB, that provides investment advice and financial planning to individuals, trusts, estates, charitable organizations, and businesses. The firm manages roughly $398.7 million in discretionary client assets across its team and offers investment management, retirement and tax planning, estate planning, and advice on insurance and other financial matters.
The firm describes itself as a “total portfolio” manager using an active, diversified approach called Strategy Diversification, tailoring allocations to client objectives and employing fundamental, technical, and cyclical analysis across mutual funds, ETFs, options, and structured notes. Accounts are typically managed on a discretionary basis, custody is directed to Charles Schwab & Co., and clients may also engage the firm for hourly or flat-fee planning in addition to percentage-of-AUM management.
Midwest Heritage is notable for its bank ownership and an affiliated insurance agency (Midwest Heritage Services, L.L.C.), and for participating in Osaic Wealth, Inc.’s hybrid RIA program under which certain employees also act as registered representatives and licensed insurance agents. The brochure discloses the resulting commission arrangements and potential production incentives from Osaic, and describes supervisory controls — including a chief compliance officer and firm policies — as mitigation, while stating advisors are not permitted to earn commissions on products held in advisory accounts.
Client services
Expertise
Fee options
Flat fee program available for certain clients that buy/sell only equities.
$0 - $249,999: 1.20% $250,000 - $749,999: 1.10% $750,000 - $999,999: 1.00% $1,000,000 - $1,999,999: 0.90% $2,000,000 - $2,999,999: 0.80% $3,000,000 - $3,999,999: 0.70% $4,000,000 - $4,999,999: 0.60% $5,000,000+: 0.50%
Certain employees offer securities brokerage services and insurance products on a commission basis separately from advisory services.
Financial planning services hourly fees generally range from $100 to $300 per hour, negotiable.
Main office
3580 Ep True Parkway
West Des Moines IA 50265
Advisors at this office
4
Most active in
Arizona · Florida · Illinois · Iowa · Kansas · Missouri · Nebraska · South Dakota · Texas
Also doing business as
Midwest Heritage Bank, Fsb · Midwest Heritage Financial Advisors
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Is not active or affiliated with:
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Colby D
Series 63, Series 65
West Des Moines, IA
Midwest Heritage Financial Advisors
Colby Dotzler is a financial advisor at Midwest Heritage Financial Advisors in West Des Moines, IA. He holds Series 63 and Series 65 licenses and has one year of industry experience. Prior to joining Midwest Heritage, he held roles at Northwestern Mutual and DoorDash. Midwest Heritage Financial Advisors is a registered investment adviser affiliated with Midwest Heritage Bank, providing investment advice and financial planning to individuals, trusts, estates, charitable organizations, and businesses. The firm manages discretionary client assets using an active, diversified approach tailored to client objectives and employing multiple analytical methods across various investment vehicles.
Matthew W
CFP®, ChFC®, Series 63, Series 65
West Des Moines, IA
Midwest Heritage Financial Advisors
Matthew Watters is a financial advisor with Midwest Heritage Financial Advisors in West Des Moines, IA. He holds the CFP® and ChFC® designations and has 30 years of industry experience. Watters serves as an investment board member for the Iowa Public Employees' Retirement System, providing oversight on investment performance and policies. He also serves on several committees at Midwest Heritage Bank related to wealth management. Midwest Heritage Financial Advisors operates as a department of Midwest Heritage Bank, offering investment advice and financial planning to individuals, trusts, estates, charitable organizations, and businesses. The firm manages approximately $398.7 million in discretionary assets and employs an active, diversified investment approach tailored to client objectives.
Levi C
Series 63, Series 65
West Des Moines, IA
Midwest Heritage Financial Advisors
Levi Cyphers is a financial planner with Midwest Heritage Financial Advisors in West Des Moines, IA, holding Series 63 and Series 65 credentials and nine years of industry experience. He has worked at several firms including Cetera, Foresters Financial Services, and Bridgeforth LLP. Outside of advising, he co-owns a small-town hotel in Clifton, Kansas, with his brother. Midwest Heritage Financial Advisors operates as a department of Midwest Heritage Bank, providing investment advice and financial planning to individuals, trusts, estates, charitable organizations, and businesses. The firm manages approximately $398.7 million in discretionary client assets using an active, diversified Strategy Diversification approach across multiple investment vehicles.
Casey M
CFP®, Series 63, Series 65
West Des Moines, IA
Midwest Heritage Financial Advisors
Casey Malloy is a CFP® with 12 years of experience in financial advising, currently serving at Midwest Heritage Financial Advisors. Prior to this, Malloy held roles at Primerica Advisors and Securities America, Inc. Outside of finance, Malloy and his wife run a small family business teaching their children entrepreneurial skills through a recurring lemonade stand. Midwest Heritage Financial Advisors is a registered investment adviser affiliated with Midwest Heritage Bank, FSB, providing financial planning and investment management services to individuals, trusts, estates, charitable organizations, and businesses. The firm employs an active, diversified Strategy Diversification approach and manages approximately $398.7 million in discretionary client assets.
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