Midwestern Financial Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Midwestern Financial Group is an SEC-registered advisory firm (registration effective May 1, 2025) with a three-advisor team managing roughly $172.8 million for about 135 clients. The firm provides discretionary investment management, comprehensive financial planning, and pension consulting to individuals (including high-net-worth clients), retirement plans, and charitable organizations.
The firm combines passive and active approaches—using index mutual funds and ETFs for broad asset-class exposure alongside individual security selection and manager identification—guided by fundamental and cyclical analysis. Portfolios are constructed around client-specific investment policy statements, implemented on a discretionary basis, and reviewed at least quarterly.
Notably, MFG offers periodic educational seminars (including occasional pro bono sessions) and an "Early Investors Program" with low-cost, tiered planning packages for beginning investors, features that are less common among similar firms. The principals also operate a related business-advisory entity and hold minority interests in other private ventures; these outside activities are disclosed in the brochure and may lead to referrals between entities.
Client services
Expertise
Fee options
Financial planning fixed fees between $250 and $35,000; Early Investors Program fees of $399, $549, $799
$0 - $1,500,000: 1.00% $1,500,001 - $2,500,000: 0.88% $2,500,001 - $5,000,000: 0.76% $5,000,001 - $10,000,000: 0.64% $10,000,001+: 0.50%
$250 per hour for financial planning if agreement terminated early
Fee-only: Financial planning fixed fees range from $250 to $35,000; hourly rate of $250 per hour; Early Investors Program fees: $399, $549, $799
Main office
103 E College Street, Suite 210
Iowa City IA 52240
Advisors at this office
3
Most active in
Illinois · Iowa · Texas
Also doing business as
Campbell Financial Group, LLC · Campbell Risk Management And Consulting, LLC · Midwestern Financial Group · Midwestern Financial Group, LLC · Midwestern Financial, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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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.
Quick links
Advisors at this firm
Patrick C
Series 63, Series 65
Iowa City, IA
Midwestern Financial Group
Patrick Campbell is a financial advisor with Midwestern Financial Group in Iowa City, IA, holding Series 63 and Series 65 designations and 16 years of industry experience. His prior roles include work at Campbell Financial Group, LLC, and World Trend Financial Planning Services, Ltd. He is also co-owner of MFG Business Advisors, LLC and has minority interests in private ventures outside the investment sector. Midwestern Financial Group is a three-advisor SEC-registered firm managing approximately $172.8 million for around 135 clients. The firm serves individuals, retirement plans, and charitable organizations with discretionary investment management, financial planning, and pension consulting, employing both passive and active investment strategies tailored to client-specific policies.
Joseph J
Series 66
Iowa City, IA
Midwestern Financial Group
Joseph Jay is a financial advisor at Midwestern Financial Group with 13 years of industry experience. He holds the Series 66 designation and has been co-owner of MFG Business Advisors, LLC since 2017. Outside of advising, he is also co-owner of Waste Water Supply, LLC, a non-investment related business. Midwestern Financial Group provides investment management and comprehensive financial planning to individuals, pension and profit-sharing plans, and charitable organizations. The firm combines passive and active strategies with ongoing account supervision and emphasizes investor education through seminars and a tiered offering for beginning investors.
Andrew P
Series 65
Iowa City, IA
Midwestern Financial Group
Andrew Picchietti is a financial advisor at Midwestern Financial Group in Iowa City, IA, holding a Series 65 designation with three years of industry experience. Prior to joining Midwestern Financial Group, he worked in various roles including positions at Adamantine Spine Moving Company and Riverside Casino & Golf Resort. He also has experience with the University of Iowa Department of Public Safety and was a full-time student at the University of Iowa. Midwestern Financial Group provides investment management and comprehensive financial planning services to individuals, pension and profit-sharing plans, and charitable organizations. The firm uses a combination of passive and active investment strategies and emphasizes investor education through seminars and specialized programs for new investors.
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