Mid-american Wealth Advisory Group

Mid-American Wealth Advisory Group Inc. is a registered investment adviser established in 1999 and became registered in June 2019. The firm's owner, Mark Falter, has been in the financial services industry since 1985 and is a fiduciary, always acting in the client's best interest. Mid-American offers discretionary and non-discretionary asset management services, utilizing individual investment goals, time horizons, and risk tolerance to create personalized investment strategies. The firm may use sub-advisers for certain client accounts, such as AE Wealth Management, LLC. Mid-American provides educational workshops on various financial topics and offers tax preparation services for an additional fee. The fee structure for asset management is tiered based on total assets under management, ranging from 1.25% for assets up to $249,999.99 to 0.70% for assets over $5,000,001. Clients have the option to direct brokerage to a specific firm, but this may result in higher costs. The firm does not compensate for client referrals and does not vote proxies on behalf of clients. Clients are responsible for exercising their voting rights and participating in class action lawsuits related to securities held in their accounts. Mid-American does not require prepayment of fees exceeding $1,200 per client, six months in advance, and has not been subject to a bankruptcy petition.