SourcingSourcing

MIDWEST HERITAGE BANK, FSB

C21
CRD 306308·SEC 801-119038·WEST DES MOINES, IA
AUM
$398.7M
$100M-$500M
Est. Revenue
$4.0M
@ 1% on AUM
Est. EBITDA
$1.2M
@ 30% margin
Est. Deal Value
$9.6M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
MIDWEST HERITAGE BANK, FSB
CRD
306308
SEC file #
801-119038
EIN
420431125
DBA names
Midwest Heritage Financial Advisors

Economics

AUM
$398.7M
AUM band
$100M-$500M
AUM trajectory
'21'26
$112.2M → $398.7M▲ +255%
Client mix
Individuals Other219
Individuals High Net Worth115

Operations

Employees (total)
6
Advisory staff (per ADV)
4
Advisory staff (5-yr trend)
'21'26
2 advisors → 4 advisors▲ +100%
Primary office
WEST DES MOINES IA
Branches
—

Custodian & Brokerage

Primary custodian
Charles Schwablow confidence
Services offered
Financial planningPortfolio mgmt — individuals
Fee basis
% of AUMHourly chargesFixed fees

Filings

Latest ADV filing
01/02/2026
ADV-W filed at
—
Website
midwestheritage.com/investments

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
MIDWEST HERITAGE BANK, FSB
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
3
Control Persons
MIDWEST HERITAGE BANK, FSB
MALLOY, CASEY
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
MIDWESTHERITAGE.COM
Rdap Domain Creation Date
2005-10-09T18:49:59Z
Rdap Firm Age Years
21
Rdap Firm Age Band
20+y
Rdap Registrar
Cloudflare, Inc.

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001906805
Edgar Registered
Yes
Edgar Filing Count
20
Edgar First Filing Date
2022-01-28
Edgar Last Filing Date
2026-04-15
Edgar 13f Count
18
Edgar 13f Latest AUM Estimate
Filing Date2026-04-15
Accession0001906805-26-000002

Local market & wealth

Rank targets by how wealthy the local market is

Soi High Wealth Score
0.2931
Soi Zip Pct 200k Plus
0.0941
Soi Zip Returns 200k Plus
1,560
Soi Zip Total AGI
1,869,297
Fdic Zip Total Deposits
24,089,223,000
Fdic Zip Branch Count
383
Fdic Zip Top Banks
West Bank
Wells Fargo Bank, National Association

Compliance & brand

Firm Registration Status
active

All other collected signals (26)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
4
Bc Firm Active IA Count
4
Bc Firm IAR Count
4
Custodian Candidates
Full
Charles Schwab6
E*trade4
Edgar Addresses
Mailing
3580 EP TRUE PARKWAYWEST DES MOINES, IA 50265
Business
3580 EP TRUE PARKWAYWEST DES MOINES, IA 50265
Edgar EIN
420431125
Edgar Recent Filings
13F-HR2026-04-15 · 0001906805-26-000002
13F-HR2026-02-04 · 0001906805-26-000001
Fdic Zip Branches Raw
Firstar Bank Des Moines, National AssociationWest Des Moines, IA
Hawkeye Bank of Des MoinesWest Des Moines, IA
Fdic Zip HHI
1406.82
Fdic Zip Top Bank Share Pct
27.68
Fdic Zip Year
2025
Firm Has Custody
No
Mailing Office Differs
No
Rdap Domain Expiration Date
2026-10-09T18:49:59Z
Rdap Domain Last Changed
2025-09-09T04:15:34Z
Rdap Nameservers
Major.ns.cloudflare.comMeera.ns.cloudflare.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Transfer Prohibited
Soi Year
2022
Soi Zip Distribution
Stub 1
AGI43,541
Returns3,480
Stub 2
AGI140,956
Returns3,740
Stub 3
AGI170,075
Returns2,770
Soi Zip Total Business Income
43,331
Soi Zip Total Cap Gains
110,229
Soi Zip Total Dividends
59,165
Soi Zip Total Returns
16,580
Trust Company Affiliate
No

People (4)

4
WATTERS, MATTHEW, GRAHAM
IAR · Executive Officer · 2.5%
2669304
MALLOY, CASEY
IAR · Executive Officer · 2.5%
6326461
LEVI CYPHERS
IAR
6479224
Mark Daniel Vance
IAR
4516230