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CANOPY WEALTH MANAGEMENT
Legal name: ERN FINANCIAL, LLC
CRD 297717File 801-113774
APPROVED
Retail clients
Custody
Filing as of Apr 8, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.15B
Above cohort median (national)
Discretionary AUM
$1.08B
Non-discretionary $77.7M
Clients
601
2,608 accounts
Employees
12
Above cohort median in WI
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Aug 2, 2018
- Principal office
- 8215 GREENWAY BOULEVARD, SUITE 540, MIDDLETON, WI, 53562
- Phone
- 608-662-9018
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.15B
- Discretionary AUM
- $1.08B
- Non-discretionary AUM
- $77.7M
- Discretionary accounts
- 2,192
- Non-discretionary accounts
- 416
- Total accounts
- 2,608
- AUM per client
- $1.9M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | Fewer than 5 | $207K |
| Charitable organizations | 5 | $11.3M |
| High net worth individuals | 293 | $1.02B |
| Pension and profit sharing plans | Fewer than 5 | $2.0M |
| Individuals (other than high net worth individuals) | 299 | $123.3M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Other
- Publications
- Financial planning services
- Portfolio management for other
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| May 1, 2026 | Employees | 13 | 12 | decreased by1 |
| Mar 1, 2026 | Employees | 14 | 13 | decreased by1 |
| Mar 1, 2026 | Clients | 992 | 601 | decreased by391 |
| Mar 1, 2026 | AUM | $1,474,786,629 | $1,153,857,864 | decreased by$320,928,765 |
| Mar 1, 2026 | Accounts | 4,059 | 2,608 | decreased by1,451 |
| Dec 1, 2025 vs May 1, 2025 | Employees | 20 | 14 | decreased by6 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 22 | 20 | decreased by2 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 804 | 992 | increased by188 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,173,552,713 | $1,474,786,629 | increased by$301,233,916 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 3,146 | 4,059 | increased by913 |
| Aug 1, 2022 | Employees | 20 | 22 | increased by2 |
| Apr 1, 2022 | Employees | 19 | 20 | increased by1 |
| Apr 1, 2022 | Clients | 477 | 804 | increased by327 |
| Apr 1, 2022 | AUM | $716,292,217 | $1,173,552,713 | increased by$457,260,496 |
| Apr 1, 2022 | Accounts | 1,899 | 3,146 | increased by1,247 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “CANOPY WEALTH” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“CANOPY WEALTH” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.