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Measured Wealth

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uuid000ssoe

Namestring
Measured Wealth
Legal namestring
Measured Wealth Private Client Group, LLC
Company typeenum
Private
Founded yearint
1995
Descriptiontext

Measured Wealth Private Client Group, LLC is a privately held, SEC-registered investment advisor that provides fee-based wealth management and financial advisory services to individuals, families, small business owners, and nonprofit organizations. Founded by Ed Benway and headquartered at 303 Islington Street in Portsmouth, New Hampshire, the firm operates a boutique advisory model supported by a team of 1-10 employees and credentialed professionals across CFP, CFA, CMT, CLU, and CSLP designations. The firm has been continuously operating for over 30 years and currently maintains a secondary office in Lauderdale By The Sea, Florida, serving clients across New England and Southeast Florida.

The firm's investment platform is built on two branded strategies. Core Portfolios comprise model portfolios constructed and managed across risk tolerances, with sector allocation, U.S. versus international equity exposure, and fixed income strategies guided by economic indicators. Ultra Portfolio is an actively managed multi-cap equity strategy that uses rigorous stock screening, momentum and valuation analysis, and targeted ETF exposure. Investment decision-making draws on quantitative models, fundamental research, and technical analysis. The advisory practice is supplemented by the Financial Futures podcast, distributed across Apple Podcasts, Spotify, Amazon Music, and iHeart, and a library of educational guides such as 'Building Legacies, Securing Futures.'

The firm monetizes through recurring investment advisory fees billed annually under written advisory agreements, with the fee schedule disclosed in its ADV Part 2A brochure. Distribution is sales-led and direct, predicated on a mutual selection process that limits client acceptance to maintain a deliberately select client base. The firm has no external private equity or venture capital backing, no parent company, no public listing, and no disclosed revenue. Growth is driven principally by referrals, content marketing, and recurring partnerships with adjacent professionals in legal, tax, Medicare, and 401(k) plan services.

Short descriptiontext

Measured Wealth Private Client Group is a privately held, SEC-registered investment advisor that provides fee-based wealth management, retirement, tax, and estate planning services to pre-retirees, retirees, successful individuals, small business owners, and nonprofits across New England and Southeast Florida.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersPortsmouth, United States
HQ citystring
Portsmouth
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
wealth management, retirement planning, investment advisory, portfolio management, financial planning
Industry4 codes
1Financial Planning & Goals-Based Advice (Mass Affluent)
CodeFSAAAAAFPrimaryYes
2Advisory Portfolio Management (Non-Discretionary)
CodeFSAAABADPrimaryNo
3Investor Education, Research & Portfolio Analytics Services (Retail)
CodeFSAAAAAOPrimaryNo
4Private Banking & UHNW Wealth Advisory
CodeFSAEABACPrimaryNo
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • Portfolio Management and Investment Advice52394
SIC code1 code
  • Investment Advice6282
Product category
Wealth Management
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Investment Advisory Fees
TypeSubscription Recurring
Description

Fee-based investment advisory services as a Registered Investment Advisor. Services include portfolio management, financial planning, and related advisory services. The firm maintains compliance with SEC disclosure requirements and provides ADV Part 2A disclosure brochure describing business operations, management, services, and fees.

measuredwealth.net
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Marketing or Sales, Technology or R&D, Operations
Pricing details1 tier
1Investment advisory services with personalized financial planning
ModelSubscriptionBilling cadenceAnnual
Notes

Fees described in ADV Part 2A disclosure brochure. The firm serves a select client base and has a mutual selection process for accepting new clients.

measuredwealth.net
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 record
1Financial Futures Podcast
Description

A podcast series bringing fresh insights on retirement, investing, and financial planning, hosted by George Zaharopoulos.

marketing.measuredwealth.net
Core offering1 text field

Measured Wealth is a SEC-registered investment advisor providing personalized wealth management and financial advisory services to individuals, families, and small business owners. Its core offerings include risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning, delivered through a team-based, high-touch advisory model supplemented by two branded portfolio strategies (Core Portfolios and Ultra Portfolio).

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Measured Wealth Private Client Group is a unified wealth management and financial advisory service organized as a single core offering supplemented by branded investment strategies and educational content. The primary product is the full suite of personalized financial advisory services (risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning), delivered through dedicated advisors via a team-based, high-touch model. This core advisory service is complemented by two branded investment strategies — Core Portfolios (model portfolios constructed for different risk tolerances using sector allocation, international exposure, and fixed income strategies) and Ultra Portfolio (an actively managed, multi-cap strategy using stock screening and ETF exposure). The firm further supports its advisory practice with the Financial Futures Podcast (a branded educational podcast series) and a library of downloadable Guides (e.g., 'Building Legacies, Securing Futures'). All services are accessed through traditional client-advisor relationships; no self-service software platform or API is offered.

Product and service3 records
1Measured Wealth Private Client Group (Wealth Management Advisory)
CategoryWealth Management Services
Description

Full-service personalized wealth management and financial advisory offering for individuals, families, and small business owners. Includes risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning, delivered through dedicated advisors via written advisory agreements.

2Core Portfolios
CategoryInvestment Strategy
Description

Model investment portfolios constructed and managed by Measured Wealth across different risk tolerances, incorporating sector allocation, U.S. versus international exposure, and fixed income strategies guided by economic indicators. Offered to advisory clients as part of the firm's portfolio management service.

3Ultra Portfolio
CategoryInvestment Strategy
Description

An actively managed investment strategy that invests across small-cap innovators to large-cap leaders using rigorous stock screening, momentum and valuation analysis, and targeted ETF exposure, aiming to uncover opportunities that passive strategies may miss. Offered through the Measured Wealth advisory engagement.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Estate planning attorney Claire DeLorenzo of Forman Law Group appears as a recurring guest on the Financial Futures podcast, discussing topics including trusts, estate planning simplification, and trust beneficiary strategies. The partnership provides clients with access to legal expertise for comprehensive estate planning.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Retirement plan sales consultant Leander Macvane of SetAway LLC discusses 401(k) plan strategies on the Financial Futures podcast. The partnership helps business clients navigate retirement plan setup and management.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Paul Doran, owner of Doran Independent Insurance with over 30 years of Medicare expertise, appears on the Financial Futures podcast to help listeners understand Medicare coverage, costs, and choices in retirement.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Matt Barbour, Managing Partner of McLeod Ascanio in Portland, Maine, discusses tax legislation impacts on individual taxpayers on the Financial Futures podcast, providing tax planning expertise to clients.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Mariner is a national RIA offering comprehensive wealth advisory, tax, estate, and retirement planning services to individuals and small business owners. It is the closest scaled analog to Measured Wealth's holistic, high-touch model and provides a benchmark for what a successful multi-state RIA rollout looks like.

TypeDirect peer
Description

Creative Planning is a large fee-only RIA providing unified financial planning, investment management, and tax services to individuals and business owners nationwide. It mirrors Measured Wealth's holistic-service positioning and represents a comparable end-state for a content- and referral-driven growth playbook.

TypeDirect peer
Description

Carson Group is a wealth management firm that serves financial advisors and end clients through coaching, technology, and advisory services. It is comparable to Measured Wealth as a multi-channel advisory platform with strong content, podcast, and educational marketing infrastructure.

TypeDirect peer
Description

Savant is a fee-only RIA offering financial planning, investment management, and tax services to individuals, families, and small business owners, primarily in the Midwest. It is a strong size and business-model peer for Measured Wealth's boutique-to-mid-market trajectory.

TypeDirect peer
Description

Commonwealth is an independent broker-dealer and RIA supporting financial advisors with practice management, compliance, and investment solutions. It is comparable to Measured Wealth in serving independent advisors and offers a contrast in scale and infrastructure.

TypeDirect peer
Description

North Star is a financial advisory firm providing retirement, estate, and wealth planning to individuals and business owners. Its small-team, multi-office, holistic advisory model is structurally similar to Measured Wealth's approach.

TypeBroad incumbent
Description

Fisher Investments is a large, well-established investment management firm serving high-net-worth individuals and institutions. It is comparable as a portfolio management competitor in the HNW segment that Measured Wealth also targets with its Ultra Portfolio and Core Portfolio strategies.

TypeBroad incumbent
Description

Edward Jones is a national wealth management franchise with thousands of branch advisors serving mass-affluent and pre-retiree clients. It directly competes with Measured Wealth for the same retirement-planning and small-business client segments but at vastly greater scale.

TypeBroad incumbent
Description

LPL Financial is the largest independent broker-dealer in the U.S., providing infrastructure and investment products to thousands of independent RIAs and advisors. It is comparable to Measured Wealth as a competitor for clients and as an affiliation option if Measured Wealth ever joins an OSJ or RIA custody platform.

TypeBroad incumbent
Description

Cetera is a network of independent financial advisors and RIAs offering wealth management and advisory platforms. It is comparable as an alternative affiliation platform for Measured Wealth and as a competitor in the regional independent advisor space.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks1 record

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Measured Wealth

Wealth Managementmeasuredwealth.net

Measured Wealth Private Client Group is a privately held, SEC-registered investment advisor that provides fee-based wealth management, retirement, tax, and estate planning services to pre-retirees, retirees, successful individuals, small business owners, and nonprofits across New England and Southeast Florida.

What Measured Wealth does

Measured Wealth Private Client Group, LLC is a privately held, SEC-registered investment advisor that provides fee-based wealth management and financial advisory services to individuals, families, small business owners, and nonprofit organizations. Founded by Ed Benway and headquartered at 303 Islington Street in Portsmouth, New Hampshire, the firm operates a boutique advisory model supported by a team of 1-10 employees and credentialed professionals across CFP, CFA, CMT, CLU, and CSLP designations. The firm has been continuously operating for over 30 years and currently maintains a secondary office in Lauderdale By The Sea, Florida, serving clients across New England and Southeast Florida.

The firm's investment platform is built on two branded strategies. Core Portfolios comprise model portfolios constructed and managed across risk tolerances, with sector allocation, U.S. versus international equity exposure, and fixed income strategies guided by economic indicators. Ultra Portfolio is an actively managed multi-cap equity strategy that uses rigorous stock screening, momentum and valuation analysis, and targeted ETF exposure. Investment decision-making draws on quantitative models, fundamental research, and technical analysis. The advisory practice is supplemented by the Financial Futures podcast, distributed across Apple Podcasts, Spotify, Amazon Music, and iHeart, and a library of educational guides such as 'Building Legacies, Securing Futures.'

The firm monetizes through recurring investment advisory fees billed annually under written advisory agreements, with the fee schedule disclosed in its ADV Part 2A brochure. Distribution is sales-led and direct, predicated on a mutual selection process that limits client acceptance to maintain a deliberately select client base. The firm has no external private equity or venture capital backing, no parent company, no public listing, and no disclosed revenue. Growth is driven principally by referrals, content marketing, and recurring partnerships with adjacent professionals in legal, tax, Medicare, and 401(k) plan services.

Measured Wealth firmographics

Firmographics
Name
Measured Wealth
Legal name
Measured Wealth Private Client Group, LLC
Website
https://measuredwealth.net
Company type
Private
Founded year
1995
Operating status
Operating
Headcount range
1–10 employees
Short description
Measured Wealth Private Client Group is a privately held, SEC-registered investment advisor that provides fee-based wealth management, retirement, tax, and estate planning services to pre-retirees, retirees, successful individuals, small business owners, and nonprofits across New England and Southeast Florida.
Ownership category
akta.pro rank

Measured Wealth industry classification

Industry
Product category
Wealth Management
NAICS
Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
SIC
Investment Advice (6282)
akta.pro primary industry
Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)
akta.pro secondary industries
Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO), Private Banking & UHNW Wealth Advisory (FSAEABAC)

Keywords

  • Wealth management
  • Retirement planning
  • Investment advisory
  • Portfolio management
  • Financial planning

Where Measured Wealth is headquartered

Location

Headquarters

HQ city
Portsmouth
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Measured Wealth business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Marketing or Sales, Technology or R&D, Operations

Revenue model

  1. Investment Advisory Fees: Fee-based investment advisory services as a Registered Investment Advisor. Services include portfolio management, financial planning, and related advisory services. The firm maintains compliance with SEC disclosure requirements and provides ADV Part 2A disclosure brochure describing business operations, management, services, and fees.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualInvestment advisory services with personalized financial planning

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Measured Wealth product offering

Product offering

Core offering

Measured Wealth is a SEC-registered investment advisor providing personalized wealth management and financial advisory services to individuals, families, and small business owners. Its core offerings include risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning, delivered through a team-based, high-touch advisory model supplemented by two branded portfolio strategies (Core Portfolios and Ultra Portfolio).

Product overview

Measured Wealth Private Client Group is a unified wealth management and financial advisory service organized as a single core offering supplemented by branded investment strategies and educational content. The primary product is the full suite of personalized financial advisory services (risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning), delivered through dedicated advisors via a team-based, high-touch model. This core advisory service is complemented by two branded investment strategies — Core Portfolios (model portfolios constructed for different risk tolerances using sector allocation, international exposure, and fixed income strategies) and Ultra Portfolio (an actively managed, multi-cap strategy using stock screening and ETF exposure). The firm further supports its advisory practice with the Financial Futures Podcast (a branded educational podcast series) and a library of downloadable Guides (e.g., 'Building Legacies, Securing Futures'). All services are accessed through traditional client-advisor relationships; no self-service software platform or API is offered.

Differentiator

Problem solved

Functional benefit

Brands

  • Financial Futures Podcast: A podcast series bringing fresh insights on retirement, investing, and financial planning, hosted by George Zaharopoulos.

Products and services

  • Measured Wealth Private Client Group (Wealth Management Advisory) Full-service personalized wealth management and financial advisory offering for individuals, families, and small business owners. Includes risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning, delivered through dedicated advisors via written advisory agreements.
  • Core Portfolios Model investment portfolios constructed and managed by Measured Wealth across different risk tolerances, incorporating sector allocation, U.S. versus international exposure, and fixed income strategies guided by economic indicators. Offered to advisory clients as part of the firm's portfolio management service.
  • Ultra Portfolio An actively managed investment strategy that invests across small-cap innovators to large-cap leaders using rigorous stock screening, momentum and valuation analysis, and targeted ETF exposure, aiming to uncover opportunities that passive strategies may miss. Offered through the Measured Wealth advisory engagement.

Companies that use Measured Wealth

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Measured Wealth technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Measured Wealth partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • Forman Law GroupcoreStrategic or Co-development PartnerEstate planning attorney Claire DeLorenzo of Forman Law Group appears as a recurring guest on the Financial Futures podcast, discussing topics including trusts, estate planning simplification, and trust beneficiary strategies. The partnership provides clients with access to legal expertise for comprehensive estate planning.
  • SetAway LLCcoreStrategic or Co-development PartnerRetirement plan sales consultant Leander Macvane of SetAway LLC discusses 401(k) plan strategies on the Financial Futures podcast. The partnership helps business clients navigate retirement plan setup and management.
  • Doran Independent InsuranceminorStrategic or Co-development PartnerPaul Doran, owner of Doran Independent Insurance with over 30 years of Medicare expertise, appears on the Financial Futures podcast to help listeners understand Medicare coverage, costs, and choices in retirement.
  • McLeod AscaniominorStrategic or Co-development PartnerMatt Barbour, Managing Partner of McLeod Ascanio in Portland, Maine, discusses tax legislation impacts on individual taxpayers on the Financial Futures podcast, providing tax planning expertise to clients.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Measured Wealth competitors and assessment

Company assessment

Direct peers

  • Mariner Wealth Advisors: Mariner is a national RIA offering comprehensive wealth advisory, tax, estate, and retirement planning services to individuals and small business owners. It is the closest scaled analog to Measured Wealth's holistic, high-touch model and provides a benchmark for what a successful multi-state RIA rollout looks like.
  • Creative Planning: Creative Planning is a large fee-only RIA providing unified financial planning, investment management, and tax services to individuals and business owners nationwide. It mirrors Measured Wealth's holistic-service positioning and represents a comparable end-state for a content- and referral-driven growth playbook.
  • Carson Group: Carson Group is a wealth management firm that serves financial advisors and end clients through coaching, technology, and advisory services. It is comparable to Measured Wealth as a multi-channel advisory platform with strong content, podcast, and educational marketing infrastructure.
  • Savant Wealth Management: Savant is a fee-only RIA offering financial planning, investment management, and tax services to individuals, families, and small business owners, primarily in the Midwest. It is a strong size and business-model peer for Measured Wealth's boutique-to-mid-market trajectory.
  • Commonwealth Financial Network: Commonwealth is an independent broker-dealer and RIA supporting financial advisors with practice management, compliance, and investment solutions. It is comparable to Measured Wealth in serving independent advisors and offers a contrast in scale and infrastructure.
  • North Star Resource Group: North Star is a financial advisory firm providing retirement, estate, and wealth planning to individuals and business owners. Its small-team, multi-office, holistic advisory model is structurally similar to Measured Wealth's approach.

Broad incumbents

  • Fisher Investments: Fisher Investments is a large, well-established investment management firm serving high-net-worth individuals and institutions. It is comparable as a portfolio management competitor in the HNW segment that Measured Wealth also targets with its Ultra Portfolio and Core Portfolio strategies.
  • Edward Jones: Edward Jones is a national wealth management franchise with thousands of branch advisors serving mass-affluent and pre-retiree clients. It directly competes with Measured Wealth for the same retirement-planning and small-business client segments but at vastly greater scale.
  • LPL Financial: LPL Financial is the largest independent broker-dealer in the U.S., providing infrastructure and investment products to thousands of independent RIAs and advisors. It is comparable to Measured Wealth as a competitor for clients and as an affiliation option if Measured Wealth ever joins an OSJ or RIA custody platform.
  • Cetera Financial Group: Cetera is a network of independent financial advisors and RIAs offering wealth management and advisory platforms. It is comparable as an alternative affiliation platform for Measured Wealth and as a competitor in the regional independent advisor space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

Measured Wealth social profiles

Digital presence

Measured Wealth financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Measured Wealth leadership team

Management profile

Number of profiles

Profiles6 records

Measured Wealth funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Measured Wealth M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Measured Wealth

What does Measured Wealth do?

Measured Wealth is a SEC-registered investment advisor providing personalized wealth management and financial advisory services to individuals, families, and small business owners. Its core offerings include risk management, retirement planning, portfolio management, insurance planning, tax planning, and education savings planning, delivered through a team-based, high-touch advisory model supplemented by two branded portfolio strategies (Core Portfolios and Ultra Portfolio).

Is Measured Wealth a public or private company?

Measured Wealth is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Measured Wealth founded?

Measured Wealth was founded in 1995. It employs 1 to 10 people.

Where is Measured Wealth based?

Measured Wealth is headquartered in Portsmouth, United States, in the North America region.

How does Measured Wealth make money?

One revenue line is on record: investment Advisory Fees.

Who are Measured Wealth's main competitors?

Direct peers on record are Mariner Wealth Advisors, Creative Planning, Carson Group, Savant Wealth Management, Commonwealth Financial Network and North Star Resource Group. Broad incumbents are Fisher Investments, Edward Jones, LPL Financial and Cetera Financial Group.

Does Measured Wealth have an API?

No public API is recorded for Measured Wealth.

What industry is Measured Wealth in?

Measured Wealth's product category is Wealth Management. Its primary akta.pro industry code is FSAAAAAF, Financial Planning & Goals-Based Advice (Mass Affluent), with a secondary code of FSAAABAD, Advisory Portfolio Management (Non-Discretionary). Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
Defense WorldDavidson Investment Advisors Acquires 10,009 Shares of Vanguard Tax-Exempt Bond ETF $VTEBDavidson Investment Advisors grew its position in the Vanguard Tax-Exempt Bond ETF (VTEB) by 2.8% in Q4, acquiring an additional 10,009 shares to reach 371,923 shares worth approximately $18.7 million as of the most recent SEC filing. Several other institutional investors, including JPL Wealth Management, Fairway Wealth Management, Lowe Wealth Advisors, United Financial Planning Group, and Measured Wealth Private Client Group, also initiated new positions in VTEB during Q3 with holdings valued between $25,000 and $37,000. VTEB is a market-weighted ETF that primarily holds investment-grade municipal debt issued by U.S. state and local governments, with interest income exempt from U.S. federal income tax and the alternative minimum tax.Defense WorldBuffalo Business & Estate Services Ltd. Makes New Investment in iShares Russell 2000 ETF $IWMBuffalo Business & Estate Services Ltd. acquired 3,678 shares of the iShares Russell 2000 ETF (IWM) during the fourth quarter, valued at approximately $905,000, according to its most recent Form 13F filing with the SEC. Several other institutional investors, including Investment Counsel Co. of Nevada, Measured Wealth Private Client Group LLC, Abich Financial Wealth Management LLC, Pingora Partners LLC, and FWL Investment Management LLC, also made changes to their positions in the ETF during the same period. The iShares Russell 2000 ETF seeks to track the Russell 2000 Index, which measures small-capitalization U.S. equity performance.