Bellwether Advisors, Llc
- Regulatory AUM
- $784M
- Discretionary
- $783M
- Clients
- 504
- Avg AUM / client
- $1.6M
- Accounts
- 1,461
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 159 positions, $590,175,097)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Select Sector Spdr Tr | STATE STREET TEC | $44,671,044 | 336,125 | 7.57% | 5.7% |
| 2 | Ishares Tr | CORE S&P500 ETF | $37,244,106 | 57,017 | 6.31% | 4.75% |
| 3 | Select Sector Spdr Tr | STATE STREET IND | $37,229,923 | 230,198 | 6.31% | 4.75% |
| 4 | Select Sector Spdr Tr | STATE STREET MAT | $34,106,624 | 682,542 | 5.78% | 4.35% |
| 5 | Select Sector Spdr Tr | STATE STREET FIN | $31,574,227 | 639,543 | 5.35% | 4.03% |
| 6 | Select Sector Spdr Tr | STATE STREET CON | $20,800,468 | 190,865 | 3.52% | 2.65% |
| 7 | Berkshire Hathaway Inc Del | CL B NEW | $14,533,178 | 30,328 | 2.46% | 1.85% |
| 8 | Select Sector Spdr Tr | STATE STREET HEA | $13,875,024 | 94,639 | 2.35% | 1.77% |
| 9 | Innovator Etfs Trust | US EQTY PWR BUF | $13,027,112 | 282,400 | 2.21% | 1.66% |
| 10 | Select Sector Spdr Tr | STATE STREET COM | $12,081,523 | 108,980 | 2.05% | 1.54% |
| 11 | Spdr Gold Tr | GOLD SHS | $11,671,616 | 27,125 | 1.98% | 1.49% |
| 12 | Broadcom Inc | COM | $11,080,882 | 35,801 | 1.88% | 1.41% |
| 13 | Innovator Etfs Trust | US EQTY PWR BUF | $10,236,210 | 240,852 | 1.73% | 1.31% |
| 14 | Ishares Tr | MSCI USA MIN VOL | $9,604,648 | 103,565 | 1.63% | 1.23% |
| 15 | Select Sector Spdr Tr | STATE STREET CON | $8,546,415 | 104,250 | 1.45% | 1.09% |
| 16 | Western Digital Corp | COM | $8,501,230 | 31,429 | 1.44% | 1.08% |
| 17 | Innovator Etfs Trust | US EQT PWR BUF | $8,414,795 | 211,427 | 1.43% | 1.07% |
| 18 | Ishares Gold Tr | ISHARES NEW | $7,032,171 | 79,766 | 1.19% | 0.9% |
| 19 | Abbvie Inc | COM | $6,874,206 | 31,607 | 1.16% | 0.88% |
| 20 | Ishares Tr | CORE S&P MCP ETF | $6,537,115 | 96,803 | 1.11% | 0.83% |
| 21 | Ishares Tr | GLOBAL TECH ETF | $6,443,067 | 64,450 | 1.09% | 0.82% |
| 22 | Ishares Tr | CORE S&P SCP ETF | $5,838,645 | 46,968 | 0.99% | 0.74% |
| 23 | Fidelity Covington Trust | CONSMR STAPLES | $5,797,798 | 110,793 | 0.98% | 0.74% |
| 24 | Innovator Etfs Trust | US EQTY PWR BUF | $5,792,925 | 129,828 | 0.98% | 0.74% |
| 25 | Innovator Etfs Trust | US EQTY PWR BUF | $5,509,113 | 134,829 | 0.93% | 0.7% |
Top 25 of 159 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 347 | $140M | 17.9% |
| High net worth individuals | 135 | $546M | 69.6% |
| Pension and profit sharing plans | 12 | $18.6M | 2.37% |
| Charitable organizations | Fewer than 5 clients | $28.6M | 3.64% |
| Corporations and other businesses | 10 | $51.1M | 6.52% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Vallen Distribution, Inc. 401(k) Plan Vallen Distribution, Inc. | 2024 | |
| Pen Link, Ltd. 401(k) Plan Pen Link, Ltd. | 2024 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Clark Spengler Bellin | Chief Compliance Officer | Dec 2018 (8y) | ≈ 56.25% – 100% via Clark Bellin Revocable Trust | |
| Alan Norman Beaulieu | Registered representative | Mar 2019 (7y) | ||
| Brian Lucien Beaulieu | Registered representative | Mar 2019 (7y) | ||
| Larry Dean Freie | Registered representative | Chartered Financial Consultant | Mar 2019 (7y) | |
| Lance Tyler Norquest | Registered representative | Apr 2023 (3y) | ||
| Noran J Knobbe | Registered representative | Apr 2026 (0y) | ||
| Adam Robert Snow | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Clark Bellin Revocable Trust | Owner | Jan 2023 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Clark Spengler Bellin: 75% – 100% of Clark Bellin Revocable Trust × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Vallen Distribution, Inc. 401(k) Plan | Vallen Distribution, Inc. | 2,902 | $240M | 01/01/2024 |
| Pen Link, Ltd. 401(k) Plan | Pen Link, Ltd. | 154 | $41.2M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 904 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $738M (94% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗