Swan Wealth Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Swan Wealth Management provides discretionary and non‑discretionary asset management and retirement‑plan advisory services to individuals, high‑net‑worth clients, and business entities. The firm charges percentage‑of‑AUM advisory fees and also offers access to outsourced model strategies through Altruist’s Model Marketplace.
The firm implements client strategies using a mix of in‑house portfolio management, third‑party sub‑advisors and model strategies from the Altruist Model Marketplace, and employs fundamental, technical, cyclical, charting and macroeconomic analysis to set allocations and monitor accounts. Swan may be granted discretionary trading authority, monitors accounts at least quarterly for rebalancing and tax‑loss harvesting, and notes that margin/borrowing and leverage can be used in client accounts.
What is distinctive about Swan relative to many peers is its network of affiliated businesses and third‑party arrangements: representatives maintain an affiliated insurance business (Swan Insurance Services LLC) and a tax‑preparation business (Swan Tax Services LLC), and the firm discloses that representatives may receive commissions for insurance product sales and that Swan receives referral or ongoing fee portions from third‑party model managers. The brochure describes these revenue relationships and states they are managed through disclosure, client consent, and the firm’s fiduciary procedures.
Client services
Expertise
Occupation focus
Fee options
$0 - $250,000: 1.15% $250,001 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.90% $5,000,001 - $10,000,000: 0.80% Over $10,000,000+: 0.60%
Representatives receive commissions as licensed insurance agents for insurance products sold.
Fee-only: Asset management fees negotiable, billed monthly in arrears; ERISA plan fees up to 0.50% annually, charged quarterly in arrears; fees negotiable.
Main office
Edina MN
Advisors at this office
3
Most active in
Colorado · Minnesota
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.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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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.
Forms ADV
Quick links
Advisors at this firm
Michael M
Series 63, Series 65
Edina, MN
Swan Wealth Management LLC
Michael Mahalich is a financial professional at Swan Wealth Management LLC in Edina, MN, with nine years of industry experience. He holds Series 63 and Series 65 licenses and has previously worked at firms including Cetera Investment Advisers, Cantor Fitzgerald, and Jackson National. Mahalich is also involved as co-owner of MM-AS, LLC, a real estate-related business. Swan Wealth Management provides discretionary and non-discretionary asset management and retirement-plan advisory services to individuals, high-net-worth clients, and business entities. The firm integrates in-house portfolio management with third-party sub-advisors and model strategies, employing various analytical approaches to set allocations and monitor accounts.
Thomas B
Series 63, Series 65
Edina, MN
Swan Wealth Management LLC
Thomas Bruce is a financial professional with Swan Wealth Management LLC in Edina, MN, holding Series 63 and 65 licenses and nine years of industry experience. His career includes roles at Cetera Advisors LLC, Northern Lights Distributors LLC, and Longboard Asset Management. He is also involved with Swan Tax Services LLC. Swan Wealth Management provides discretionary and non-discretionary asset management and retirement-plan advisory services to individuals, high-net-worth clients, and business entities. The firm uses a combination of in-house portfolio management, third-party sub-advisors, and externally sourced model strategies, employing multiple analytical approaches and offering services that include rebalancing and tax-loss harvesting.
Donald S
CFP®, Series 63, Series 65
Edina, MN
Swan Wealth Management LLC
Donald Stewart is a CFP® professional with 11 years of experience in financial advisory. He is currently with Swan Wealth Management LLC, where he has worked since 2024. His prior experience includes roles at Morgan Stanley, E*Trade Capital Management, and Jackson National Life Distributors. Stewart is also the owner of Financial Strategies Group, a financial planning and wealth management firm. Swan Wealth Management provides discretionary and non-discretionary asset management and retirement-plan advisory services to individuals, high-net-worth clients, and business entities. The firm uses a combination of in-house portfolio management, third-party sub-advisors, and model strategies, employing various analytical approaches to manage client accounts.
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