Model Wealth
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$318,158,935
Clients
157
Advisors
5
of 5 employees
About
Model Wealth, Inc. is a virtual, fee‑only financial planning and wealth management firm that serves individuals, families, estates, trusts, and small businesses. The firm provides standalone financial planning engagements on an hourly or project basis and an ongoing wealth management program that integrates continuous planning with portfolio management under a flat annual fee arrangement.
The firm’s investment approach is broadly passive, grounded in an acceptance of the efficient market hypothesis and an emphasis on cost‑effective, tax‑aware implementation using mutual funds, ETFs, individual securities, and direct indexing where appropriate. Model Wealth also allocates to and monitors third‑party managers — including an automated robo‑advisor platform and a direct indexing provider — and typically exercises discretionary authority for day‑to‑day portfolio management.
Noteworthy aspects include its fully virtual operating model and a primary fee structure based on flat annual fees rather than a standard percentage‑of‑AUM, alongside integration of both robo‑managed strategies and direct indexing. The compact team of four advisors oversees roughly $318 million in client assets, uses standing letters of authorization to facilitate client‑directed transfers (creating constructive custody), and generally does not aggregate trades, which can lead to differing execution prices across client accounts.
Client services
Expertise
Fee options
Fixed/project-based fees for financial planning engagements, amount based on estimate of time involved
$400 per hour
Minimum fee: Flat annual fee ranges from $1,000 to $50,000; most clients pay between $7,900 and $12,000 per year Fee-only: Flat annual fee for wealth management; hourly fee of $400/hour for financial planning; fixed/project-based fees also available
Main office
Wheaton IL
Advisors at this office
5
Most active in
Colorado · Florida · Illinois
Also doing business as
Model Wealth · Model Wealth , Inc.
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
Donovan S
CFP®, Series 63, Series 65
Wheaton, IL
Model Wealth
Donovan Sanchez is a CFP® with 10 years of industry experience, currently serving as an advisor at Model Wealth, Inc. He has previously worked at Skyview Financial Planning, Savant Capital Management, and Northwestern Mutual. Sanchez is also a full-time financial planning instructor at the University of Illinois Urbana-Champaign. Model Wealth, Inc. is a virtual, fee-only financial planning and wealth management firm serving individuals, families, estates, trusts, and small businesses. The firm emphasizes a broadly passive investment approach with cost-effective, tax-aware implementation and integrates both robo-managed strategies and direct indexing within a flat annual fee structure.
Randall B
CFP®, Series 63, Series 66
Wheaton, IL
Model Wealth
Randall Bruns is a CFP® with 25 years of industry experience, currently serving as an advisor at Model Wealth, Inc. He has held positions at several firms including Chase Investment Services Corp. and LPL Financial. Bruns has been with Model Wealth since 2018, contributing to the firm’s virtual, fee-only financial planning and wealth management services. Model Wealth, Inc. serves individuals, families, estates, trusts, and small businesses with a broadly passive investment approach focused on cost-effective, tax-aware implementation. The firm operates fully virtually and utilizes flat annual fees, integrating robo-managed strategies and direct indexing in its portfolio management.
Alex O
CFP®, Series 65
Wheaton, IL
Model Wealth
Alex Offerman is a CFP® with eight years of industry experience, currently serving as an advisor at Model Wealth. He has worked at Model Wealth since 2018 and has held roles at Highpoint Advisor Group, LLC, and LPL Financial, LLC. Model Wealth, Inc. is a virtual, fee-only financial planning and wealth management firm serving individuals, families, estates, trusts, and small businesses. The firm emphasizes a broadly passive investment approach with cost-effective, tax-aware implementation and integrates robo-advisor strategies and direct indexing within a flat annual fee structure.
Anna T
Series 65
Wheaton, IL
Model Wealth
Anna Thornburg is a Series 65-licensed financial advisor at Model Wealth, Inc. in Wheaton, IL, with four years of industry experience. Prior to joining Model Wealth in 2021, she worked at Covenant Classical School and Church of the Resurrection. Model Wealth, Inc. is a virtual, fee-only financial planning and wealth management firm serving individuals, families, estates, trusts, and small businesses. The firm uses a broadly passive investment approach with cost-effective, tax-aware implementation, combining robo-managed strategies, direct indexing, and discretionary portfolio management.
Chad N
Series 65
Wheaton, IL
Model Wealth
Chad Nolte is a financial advisor at Model Wealth with a Series 65 credential and no prior industry experience. His background includes roles at RSM US LLP and Walgreens, among other positions. Model Wealth, Inc. is a virtual, fee-only financial planning and wealth management firm serving individuals, families, estates, trusts, and small businesses. The firm follows a broadly passive investment approach emphasizing cost-effective, tax-aware implementation and integrates robo-managed strategies and direct indexing within a flat annual fee structure.
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