Catalyst Wealth Management

Catalyst Wealth Management, formerly known as Schmidt Advisory Services, Inc., is an Illinois corporation that offers portfolio asset management services, financial planning, and private fund recommendations. The firm was previously registered as a state investment adviser from 1993 to 2008 and is currently registered under CRD No. 283728. The President of the firm is Sanford Schmidt. For portfolio asset management services, the firm analyzes clients' investment objectives, goals, risk tolerance, and financial circumstances to create a tailored investment strategy. They may engage third-party service providers for tax and estate planning. The firm also provides financial planning services in three phases: analysis, design/evaluation, and implementation/maintenance. The firm charges asset-based fees for portfolio asset management services, with rates ranging from 0.50% to 1.0% based on the assets under management. Private fund recommendations may also incur asset-based fees. Financial planning fees vary based on the scope and complexity of the engagement. Clients must have a minimum of $1,000,000 in investable assets for advisory services. The firm does not participate in wrap fee programs and had $4,399,158 in discretionary assets and $66,313,670 in non-discretionary assets under management as of December 31, 2024. The firm acts as an endorser and receives compensation for referring clients to third-party investment managers. The firm does not have any material facts related to arbitration or disciplinary actions involving management persons to disclose.