Overview
- Headquarters
- Dubuque, IA
- Total Firm Assets
- $328 million
- Average High-Net-Worth Client Portfolio Size
- $0.6 million
Fee Structure
Primary Fee Schedule (WFS FORM ADV PART 2 - 2020.01.29)
| Min | Max | Marginal Fee Rate |
|---|---|---|
| $0 | $100,000 | 1.50% |
| $100,001 | $500,000 | 1.25% |
| $500,001 | $1,000,000 | 1.00% |
| $1,000,001 | $3,000,000 | 0.75% |
| $3,000,001 | and above | 0.50% |
Illustrative Fee Rates
| Total Assets | Annual Fees | Average Fee Rate |
|---|---|---|
| $1 million | $11,500 | 1.15% |
| $5 million | $36,500 | 0.73% |
| $10 million | $61,500 | 0.62% |
| $50 million | $261,500 | 0.52% |
| $100 million | $511,500 | 0.51% |
Clients
- High-Net-Worth Share of Firm Assets
- 56.47%
- Number of High-Net-Worth Clients
- 303
- Total Client Accounts
- 1,134
- Discretionary Accounts
- 1,119
- Non-Discretionary Accounts
- 15
Services Offered
Services: Financial Planning, Portfolio Management for Individuals, Portfolio Management for Institutional Clients, Investment Advisor Selection, Educational Seminars
Regulatory Filings
- SEC CRD Number
- 27346
Additional Brochure: LAYMAN, JAKE - PART 2B (2026-07-14)
View Document Text
Item 1 – Cover Page
Registered Investment Advisor
CRD # 27346
Weitzel Financial Services, Inc.
2200 John F. Kennedy Road
Suite 103
Dubuque, IA 52002
Tel: (563) 583-6020
Fax: (563) 583-6053
www.weitzelfinancial.com
Jake D. Layman
Investment Advisor Representative
CRD #8303032
Form ADV Part 2B
Brochure Supplement
July 14, 2026
This brochure provides information about Jake D. Layman that supplements Weitzel Financial Services, Inc.
Form ADV Part 2A firm brochure. You should have received a copy of that brochure. Please contact Bradley
Weitzel at (563) 583-6020 if you did not receive the full brochure or if you have any questions about the
contents of this supplement. Additional information about Jake D. Layman is available on the Securities and
Exchange Commission’s (SEC) website at www.adviserinfo.sec.gov.
Weitzel Financial Services, Inc.
Form ADV Part 2 – 20260714 Page 1 of 3
Item 2 – Educational Background and Business Experience
Regulatory guidance requires the firm to disclose relevant post-secondary education and professional training
for each principal executive and associate of the firm, as well as their business experience for at least the most
recent five years.
Principal Executive Officers and Management Persons
Investment Advisor Representative
Jake D. Layman
Year of Birth: 2003 / CRD Number: 8303032
Educational Background and Business Experience
Educational Background
Bachelors of Business Administration, Clarkes University; Dubuque, IA
Business Experience
JB Ventures (09/2025 - Present)
North Sioux City, SD
Finance & Operations Analyst
Security Bank of South Dakota (02/2025 – 09/2025)
Sioux Falls, SD
Universal Banker
Weitzel Financial Services, Inc, (08/2024 – 01/2025)
Dubuque, IA
Intern
Security National Bank (05/2024 – 08/2024)
Sioux City, IA
Intern
Item 3 – Disciplinary Information
Registered investment advisors are required to disclose certain material facts regarding any legal or disciplinary
events that would be material to the evaluation of each officer or a supervised person providing investment
advice. Jake Layman has not been the subject of any such event.
Item 4 – Other Business Activities
Investment advisor representatives are required to disclose outside business activities that account for a
significant portion of their time or income, or that may present a conflict of interest with their advisory
activities.
Mr. Layman is not registered, nor has an application pending to register, as an associated person of a futures
commissions merchant, commodity pool operator, or commodity trading advisor. Neither Mr. Layman nor our
advisory firm has a material relationship with the issuer of a security.
Weitzel Financial Services, Inc.
Form ADV Part 2 – 20260714 Page 2 of 3
Jake Layman maintains a position outside of Weitzel Financial Services, Inc. Working as a Finance & Operations
Analyst with JB Ventures, Mr. Layman spends approximately 20 – 40 hours a month in non-investment related
duties.
Item 5 – Additional Compensation
Neither our advisory firm nor Jake Layman is compensated for advisory services involving performance-based
fees. Firm policy does not allow associated persons to accept or receive additional economic benefit, such as
sales awards or other prizes, for providing advisory services to firm clients.
Item 6 – Supervision
Firm policies and procedures have been designed to ensure appropriate recordkeeping and supervision, and all
associates are required to adhere to our firm’s Code of Ethics and procedural guidelines. Bradley Weitzel, as
Chief Compliance Officer, will monitor firm activities and the advice provided by performing the following
ongoing reviews:
• Account opening documentation when the relationship is established
• Review of account transactions
• Assessments of the client’s financial situation, objectives, and investment needs
• A review of client correspondence on an as needed basis
• Periodic internal firm review
Questions relative to the firm, its services or this Form ADV Part 2 may be made to the attention of Bradley
Weitzel at (563) 583-6020. Additional information about the firm, other advisory firms, or an associated
investment advisor representative is available on the Internet at www.adviserinfo.sec.gov. A search of this site
for firms may be accomplished by firm name or a unique firm identifier, knows as an IARD or CRD number. The
IARD number for Weitzel Financial Services, Inc. is 27346. The business and disciplinary history, if any, of an
investment advisory firm and its representatives may also be obtained by calling your state securities
commission.
Item 7 – Requirements for State-Registered Advisors
There have been neither awards nor sanctions or other matter where Jake Layman or Weitzel Financial Services,
Inc. has been found liable in an arbitration, self-regulatory or administrative proceeding. Neither Jake Layman
nor Weitzel Financial Services, Inc. has been the subject of a bankruptcy petition.
Weitzel Financial Services, Inc.
Form ADV Part 2 – 20260714 Page 3 of 3