{"url":"https://nivawealth.com/firms/191-godwin-associates-inc-d-b-a-godwin-capital-management-124288","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/124288","regulatoryAum":150085275,"crd":"124288","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4618338","suffix":null,"lastName":"AVENA","firstName":"FRANK","middleName":"JOSEPH"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2023-04-28","regulatoryAum":136098293,"clients":159,"employees":2,"offices":1},{"filedOn":"2024-01-26","regulatoryAum":145990533,"clients":216,"employees":2,"offices":1},{"filedOn":"2025-02-11","regulatoryAum":155902242,"clients":217,"employees":2,"offices":1},{"filedOn":"2026-02-10","regulatoryAum":150085275,"clients":319,"employees":2,"offices":1}],"secFileNumber":"801-126375","legalName":"191 Godwin Associates, Inc D/B/A Godwin Capital Management","displayName":"191 Godwin Associates, Inc D/B/A Godwin Capital Management","slug":"191-godwin-associates-inc-d-b-a-godwin-capital-management-124288","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New Jersey corporation","fiscalYearEnd":"December","headquarters":{"street":"191 Godwin Avenue, Ste 5","city":"Wyckoff","state":"NJ","stateName":"New Jersey","country":"United States","postalCode":"07481-2052"},"tradeNames":[],"registration":{"secApproved":"15 August 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":2,"advisory":1,"brokerDealerReps":1,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":150085275,"discretionary":150085275,"discretionaryAccounts":314,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":150085275,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":275,"regulatoryAum":45792730},{"label":"High-net-worth individuals","clients":3,"fewerThan5":true,"regulatoryAum":59251949},{"label":"Pension and profit-sharing plans","clients":11,"regulatoryAum":5348236},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":7651989},{"label":"Corporations and other businesses","clients":29,"regulatoryAum":32040371}],"feePrograms":[{"role":"main","program":"Portfolio management fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007775","versionId":1007775,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-02-10","documentName":"191 GODWIN ASSOCIATES INC","fee_rate_low":0.65,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:43:16.08889+00:00","documents":[{"name":"191 GODWIN ASSOCIATES INC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007775","versionId":1007775,"submittedOn":"2026-02-10"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007776","versionId":1007776,"submittedOn":null}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":150085275}],"custodyNote":"191 Godwin Associates, Inc D/B/A Godwin Capital Management does not have custody of client assets.","leadership":[{"name":"Frank Avena","title":"President and Chief Compliance Officer","crd":"4618338"},{"name":"Milton Warsaw","title":"Vice-President","crd":"4618363"}],"ownership":[{"label":"Frank Avena","detail":"President and chief compliance officer in the 50% to 75% ownership band and a control person, since January 2002."},{"label":"Milton Warsaw","detail":"Vice-president in the 50% to 75% ownership band, since January 2002."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New Jersey","offices":1,"addresses":[{"street":"191 Godwin Avenue, Ste 5","city":"Wyckoff","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"201-560-1993","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":56},{"label":"U.S. government/agency bonds","percent":17},{"label":"U.S. state and local bonds","percent":8},{"label":"Investment grade corporate bonds","percent":8},{"label":"Cash and cash equivalents","percent":11}],"privateFunds":0},"sources":{"adv1FilingDate":"10 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/124288/PDF/124288.pdf","brochureDate":"10 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007775","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does 191 Godwin Associates, Inc D/B/A Godwin Capital Management have?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management has 319 clients and manages $150 million for them, as of February 2026. They include 275 individual clients, 29 corporations and other businesses, and 11 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 10 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does 191 Godwin Associates, Inc D/B/A Godwin Capital Management offer?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does 191 Godwin Associates, Inc D/B/A Godwin Capital Management charge?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management charges 0.65%–1.00% a year for its Portfolio management fee. The fee is billed in arrears and is negotiable.","source":"191 GODWIN ASSOCIATES INC, filed 10 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does 191 Godwin Associates, Inc D/B/A Godwin Capital Management use?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $150M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does 191 Godwin Associates, Inc D/B/A Godwin Capital Management have?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does 191 Godwin Associates, Inc D/B/A Godwin Capital Management invest in?","answer":"At the end of its last fiscal year, 191 Godwin Associates, Inc D/B/A Godwin Capital Management’s separately managed accounts held 56% exchange-traded equities, 17% U.S. government and agency bonds, 11% cash and equivalents, 8% state and local bonds and 8% investment grade corporate bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns 191 Godwin Associates, Inc D/B/A Godwin Capital Management?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management’s direct owners are Frank Avena (50% to 75%) and Milton Warsaw (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 10 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does 191 Godwin Associates, Inc D/B/A Godwin Capital Management get paid?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is 191 Godwin Associates, Inc D/B/A Godwin Capital Management registered with the SEC?","answer":"Yes, 191 Godwin Associates, Inc D/B/A Godwin Capital Management has been registered with the SEC as an investment adviser since 15 August 2022. Its CRD number is 124288 and its SEC file number is 801-126375.","source":"Form ADV Part 1A, Item 1, filed 10 February 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact 191 Godwin Associates, Inc D/B/A Godwin Capital Management?","answer":"191 Godwin Associates, Inc D/B/A Godwin Capital Management’s main office is at 191 Godwin Avenue, Ste 5, Wyckoff, NJ 07481-2052. Its phone number is 201-560-1993.","source":"Form ADV Part 1A, Item 1.F, filed 10 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}