# EDGAR Filing Document

**Accession Number:** 0001840760
**File Stem:** 0001840760-23-000001
**Filing Date:** 2023-2
**Character Count:** 13803
**Document Hash:** 23286ab8548266482e6230f0761ebc8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001840760-23-000001.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001840760-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Financial Network Wealth Management LLC
- **CENTRAL INDEX KEY:** 0001840760
- **IRS NUMBER:** 845048001
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20698
- **FILM NUMBER:** 23608026

**BUSINESS ADDRESS:**
- **STREET 1:** 11650 S STATE ST
- **STREET 2:** SUITE 103
- **CITY:** DRAPER
- **STATE:** UT
- **ZIP:** 84020
- **BUSINESS PHONE:** 8018569567

**MAIL ADDRESS:**
- **STREET 1:** 11650 S STATE ST
- **STREET 2:** SUITE 103
- **CITY:** DRAPER
- **STATE:** UT
- **ZIP:** 84020

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Financial Network Wealth Management LLC<br>**Address:** 11650 S STATE ST<br>SUITE 103<br>DRAPER, UT 84020

**Form 13F File Number:** 028-20698

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Rod Ehrlich<br>**Title:** Consultant<br>**Phone:** 4253727517

**Signature, Place, and Date of Signing:**

Rod Ehrlich  Snoqualmie, WA  02-09-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 103

**Form 13F Information Table Value Total:** $184861511

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 214941 | 1330 | SH |  | SOLE | 0 | 0 | 0 | 1330 |
| AECOM | COM | 00766T100 |  | 229311 | 2700 | SH |  | SOLE | 0 | 0 | 0 | 2700 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 280387 | 3160 | SH |  | SOLE | 0 | 0 | 0 | 3160 |
| AMAZON COM INC | COM | 023135106 |  | 556836 | 6629 | SH |  | SOLE | 0 | 0 | 0 | 6629 |
| AMGEN INC | COM | 031162100 |  | 271832 | 1035 | SH |  | SOLE | 0 | 0 | 0 | 1035 |
| APPLE INC | COM | 037833100 |  | 10567337 | 81331 | SH |  | SOLE | 0 | 0 | 0 | 81331 |
| APPLIED MATLS INC | COM | 038222105 |  | 223974 | 2300 | SH |  | SOLE | 0 | 0 | 0 | 2300 |
| AT INC | COM | 00206R102 |  | 198938 | 10806 | SH |  | SOLE | 0 | 0 | 0 | 10806 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 203440 | 800 | SH |  | SOLE | 0 | 0 | 0 | 800 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1260003 | 4079 | SH |  | SOLE | 0 | 0 | 0 | 4079 |
| CHEVRON CORP NEW | COM | 166764100 |  | 231901 | 1292 | SH |  | SOLE | 0 | 0 | 0 | 1292 |
| CISCO SYS INC | COM | 17275R102 |  | 307230 | 6449 | SH |  | SOLE | 0 | 0 | 0 | 6449 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 211009 | 6034 | SH |  | SOLE | 0 | 0 | 0 | 6034 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1516037 | 3321 | SH |  | SOLE | 0 | 0 | 0 | 3321 |
| CSX CORP | COM | 126408103 |  | 381054 | 12300 | SH |  | SOLE | 0 | 0 | 0 | 12300 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 219759 | 1316 | SH |  | SOLE | 0 | 0 | 0 | 1316 |
| DEERE  CO | COM | 244199105 |  | 325858 | 760 | SH |  | SOLE | 0 | 0 | 0 | 760 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 454810 | 7417 | SH |  | SOLE | 0 | 0 | 0 | 7417 |
| ETF MANAGERS TR | ETHO CLIMATE LEA | 26924G888 |  | 281170 | 5694 | SH |  | SOLE | 0 | 0 | 0 | 5694 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 664227 | 6022 | SH |  | SOLE | 0 | 0 | 0 | 6022 |
| FAIR ISAAC CORP | COM | 303250104 |  | 448935 | 750 | SH |  | SOLE | 0 | 0 | 0 | 750 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 202080 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| FIRST SOLAR INC | COM | 336433107 |  | 535349 | 3574 | SH |  | SOLE | 0 | 0 | 0 | 3574 |
| FIRST TR VALUE LINE DIVID IN | SHS | 33734H106 |  | 7396241 | 185323 | SH |  | SOLE | 0 | 0 | 0 | 185323 |
| FLEXSHARES TR | STOX US ESG SLCT | 33939L696 |  | 7495640 | 81629 | SH |  | SOLE | 0 | 0 | 0 | 81629 |
| FLEXSHARES TR | READY ACC VARI | 33939L886 |  | 2093616 | 28140 | SH |  | SOLE | 0 | 0 | 0 | 28140 |
| FLEXSHARES TR | CRE SLCT BD FD | 33939L670 |  | 6394498 | 291519 | SH |  | SOLE | 0 | 0 | 0 | 291519 |
| FLEXSHARES TR | HIG YLD VL ETF | 33939L662 |  | 2141938 | 53750 | SH |  | SOLE | 0 | 0 | 0 | 53750 |
| HOME DEPOT INC | COM | 437076102 |  | 1281760 | 4058 | SH |  | SOLE | 0 | 0 | 0 | 4058 |
| INVESCO EXCH TRADED FD TR II | SOLAR ETF | 46138G706 |  | 478341 | 6558 | SH |  | SOLE | 0 | 0 | 0 | 6558 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6841798 | 25694 | SH |  | SOLE | 0 | 0 | 0 | 25694 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 869938 | 18628 | SH |  | SOLE | 0 | 0 | 0 | 18628 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 9347967 | 161506 | SH |  | SOLE | 0 | 0 | 0 | 161506 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2584622 | 41931 | SH |  | SOLE | 0 | 0 | 0 | 41931 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 595106 | 5709 | SH |  | SOLE | 0 | 0 | 0 | 5709 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 4050135 | 178263 | SH |  | SOLE | 0 | 0 | 0 | 178263 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 |  | 208722 | 4494 | SH |  | SOLE | 0 | 0 | 0 | 4494 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 390541 | 3427 | SH |  | SOLE | 0 | 0 | 0 | 3427 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 212041 | 4459 | SH |  | SOLE | 0 | 0 | 0 | 4459 |
| ISHARES TR | ESG ADVNCD HY BD | 46435G441 |  | 2802644 | 64846 | SH |  | SOLE | 0 | 0 | 0 | 64846 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 10897983 | 165774 | SH |  | SOLE | 0 | 0 | 0 | 165774 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 387100 | 7742 | SH |  | SOLE | 0 | 0 | 0 | 7742 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 9070084 | 194054 | SH |  | SOLE | 0 | 0 | 0 | 194054 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1050237 | 4342 | SH |  | SOLE | 0 | 0 | 0 | 4342 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 5506556 | 58184 | SH |  | SOLE | 0 | 0 | 0 | 58184 |
| ISHARES TR | CORE S ETF | 464287200 |  | 9446608 | 24587 | SH |  | SOLE | 0 | 0 | 0 | 24587 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 200205 | 951 | SH |  | SOLE | 0 | 0 | 0 | 951 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 210191 | 1205 | SH |  | SOLE | 0 | 0 | 0 | 1205 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 2199471 | 21094 | SH |  | SOLE | 0 | 0 | 0 | 21094 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1476330 | 13991 | SH |  | SOLE | 0 | 0 | 0 | 13991 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 268490 | 5430 | SH |  | SOLE | 0 | 0 | 0 | 5430 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 562165 | 7635 | SH |  | SOLE | 0 | 0 | 0 | 7635 |
| ISHARES TR | MSCI USA ESG SLC | 464288802 |  | 2297798 | 27913 | SH |  | SOLE | 0 | 0 | 0 | 27913 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 2443469 | 25193 | SH |  | SOLE | 0 | 0 | 0 | 25193 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 379268 | 2147 | SH |  | SOLE | 0 | 0 | 0 | 2147 |
| KEMPER CORP | COM | 488401100 |  | 299333 | 6084 | SH |  | SOLE | 0 | 0 | 0 | 6084 |
| LILLY ELI  CO | COM | 532457108 |  | 246210 | 673 | SH |  | SOLE | 0 | 0 | 0 | 673 |
| LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 |  | 32648 | 14840 | SH |  | SOLE | 0 | 0 | 0 | 14840 |
| LOWES COS INC | COM | 548661107 |  | 1522393 | 7641 | SH |  | SOLE | 0 | 0 | 0 | 7641 |
| MICROSOFT CORP | COM | 594918104 |  | 9017387 | 37601 | SH |  | SOLE | 0 | 0 | 0 | 37601 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 375206 | 2390 | SH |  | SOLE | 0 | 0 | 0 | 2390 |
| NETFLIX INC | COM | 64110L106 |  | 583862 | 1980 | SH |  | SOLE | 0 | 0 | 0 | 1980 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 2362182 | 9586 | SH |  | SOLE | 0 | 0 | 0 | 9586 |
| NUSHARES ETF TR | ESG HI TLD CRP | 67092P854 |  | 684140 | 33768 | SH |  | SOLE | 0 | 0 | 0 | 33768 |
| NUSHARES ETF TR | NUVEEN ESG MIDCP | 67092P409 |  | 2235693 | 63514 | SH |  | SOLE | 0 | 0 | 0 | 63514 |
| NUSHARES ETF TR | NUVEEN ESG US | 67092P870 |  | 3721182 | 170934 | SH |  | SOLE | 0 | 0 | 0 | 170934 |
| NUVEEN NEW YORK QLT MUN INC | COM | 67066X107 |  | 339479 | 31727 | SH |  | SOLE | 0 | 0 | 0 | 31727 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2872089 | 19653 | SH |  | SOLE | 0 | 0 | 0 | 19653 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 488933 | 3226 | SH |  | SOLE | 0 | 0 | 0 | 3226 |
| PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 |  | 122063 | 11250 | SH |  | SOLE | 0 | 0 | 0 | 11250 |
| QUALCOMM INC | COM | 747525103 |  | 283205 | 2576 | SH |  | SOLE | 0 | 0 | 0 | 2576 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 1057847 | 8201 | SH |  | SOLE | 0 | 0 | 0 | 8201 |
| S GLOBAL INC | COM | 78409V104 |  | 267952 | 800 | SH |  | SOLE | 0 | 0 | 0 | 800 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1191891 | 7026 | SH |  | SOLE | 0 | 0 | 0 | 7026 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1931507 | 5051 | SH |  | SOLE | 0 | 0 | 0 | 5051 |
| TARGET CORP | COM | 87612E106 |  | 320138 | 2148 | SH |  | SOLE | 0 | 0 | 0 | 2148 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 309130 | 773 | SH |  | SOLE | 0 | 0 | 0 | 773 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 275861 | 1900 | SH |  | SOLE | 0 | 0 | 0 | 1900 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1327163 | 2410 | SH |  | SOLE | 0 | 0 | 0 | 2410 |
| UNION PAC CORP | COM | 907818108 |  | 1201006 | 5800 | SH |  | SOLE | 0 | 0 | 0 | 5800 |
| UNITED RENTALS INC | COM | 911363109 |  | 284336 | 800 | SH |  | SOLE | 0 | 0 | 0 | 800 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1614928 | 3046 | SH |  | SOLE | 0 | 0 | 0 | 3046 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 617645 | 12605 | SH |  | SOLE | 0 | 0 | 0 | 12605 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 225604 | 1180 | SH |  | SOLE | 0 | 0 | 0 | 1180 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 516000 | 3676 | SH |  | SOLE | 0 | 0 | 0 | 3676 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 477731 | 2344 | SH |  | SOLE | 0 | 0 | 0 | 2344 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 334291 | 4053 | SH |  | SOLE | 0 | 0 | 0 | 4053 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 610454 | 3326 | SH |  | SOLE | 0 | 0 | 0 | 3326 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1347708 | 6324 | SH |  | SOLE | 0 | 0 | 0 | 6324 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 685464 | 1951 | SH |  | SOLE | 0 | 0 | 0 | 1951 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 288647 | 7405 | SH |  | SOLE | 0 | 0 | 0 | 7405 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 654852 | 13232 | SH |  | SOLE | 0 | 0 | 0 | 13232 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 1118079 | 19119 | SH |  | SOLE | 0 | 0 | 0 | 19119 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 606337 | 3993 | SH |  | SOLE | 0 | 0 | 0 | 3993 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1946327 | 37632 | SH |  | SOLE | 0 | 0 | 0 | 37632 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 883720 | 21056 | SH |  | SOLE | 0 | 0 | 0 | 21056 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 13265982 | 201427 | SH |  | SOLE | 0 | 0 | 0 | 201427 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 1767003 | 35922 | SH |  | SOLE | 0 | 0 | 0 | 35922 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 349833 | 8879 | SH |  | SOLE | 0 | 0 | 0 | 8879 |
| VISA INC | COM CL A | 92826C839 |  | 1197736 | 5765 | SH |  | SOLE | 0 | 0 | 0 | 5765 |
| WALMART INC | COM | 931142103 |  | 259476 | 1830 | SH |  | SOLE | 0 | 0 | 0 | 1830 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 866762 | 5525 | SH |  | SOLE | 0 | 0 | 0 | 5525 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 506175 | 3970 | SH |  | SOLE | 0 | 0 | 0 | 3970 |

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