Midland Wealth Management

Douglas J. Stewart serves as President of Midland Wealth Management. He oversees the firm's investment policy, portfolio construction, and fiduciary services, drawing on a career within the Midland States Bancorp ecosystem. Specific portfolio managers or investment committee members are not publicly disclosed at the individual level. The firm operates within the governance framework of a publicly traded regional bank, subject to OCC and SEC oversight of its trust and advisory activities.

Midland Wealth Management operates as a private banking and trust division of Midland States Bancorp, a NASDAQ-listed financial institution. It is not a family office. The firm serves multiple generations of business owners, farming families, and professionals across Illinois, Missouri, and Colorado, offering an integrated suite of banking, credit, wealth advisory, and trust services under one fiduciary roof.

Midland constructs client portfolios primarily through direct ownership of individual securities, mutual funds, and ETFs — not private fund commitments. The firm's investment posture is goals-based and tax-aware, consistent with a regional trust and private banking platform. It does not market exposure to venture capital, private equity, or hedge fund investments, focusing instead on liquid, transparent public-market strategies suited to its Midwestern client base.

As an integrated division of Midland States Bancorp, Midland Wealth Management sources clients almost entirely through the bank's 50-plus branch network and commercial lending relationships. Business owners who borrow from the bank, farmers who bank with its agricultural lending team, and depositors who outgrow retail services represent the core referral funnel. The firm does not advertise a third-party RIA distribution channel or independent advisor network.

Midland does not promote co-investment programs or club-deal structures. Its trust and advisory accounts hold publicly traded securities and pooled investment vehicles, not discrete co-investment positions in private companies or real estate partnerships. For clients seeking exposure to farmland or agricultural assets, the firm's farm management services offer direct property-level administration rather than pooled LP co-investments.