August Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, and insurance.
August Wealth Advisors reports 319 clients. They include 192 high-net-worth individuals and 127 individual clients. Of its assets, 100.0% ($437M across 641 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 40% | 8% |
| High-net-worth individuals | 60% | 92% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 127 | $33.1M | 7.6% | $261K |
| High-net-worth individuals | 192 | $403M | 92.4% | $2.1M |
| Total | 319 | $437M | 100% | $1.37M |
- Clients
- 127
- Regulatory AUM
- $33.1M
- AUM share
- 7.6%
- Avg. per client
- $261K
- Clients
- 192
- Regulatory AUM
- $403M
- AUM share
- 92.4%
- Avg. per client
- $2.1M
Total
- Clients
- 319
- Regulatory AUM
- $437M
- AUM share
- 100%
- Avg. per client
- $1.37M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
August Wealth Advisors charges up to 1.50% a year for its Wealth Management. The fee is billed in advance, is negotiable and requires an account of at least $2,000,000.
Fee details and sources
Joseph Cardello owns 75% or more of August Wealth Advisors. The leadership team of August Wealth Advisors includes Chief Compliance Officer Erika Morro. It has 8 employees, 4 of them in advisory roles.
Leadership
- Erika MorroChief Compliance Officer
- Joseph CardelloPrincipal
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 75% or more of August Wealth Advisors LLC
Joseph Cardello
Control person · since October 2025
Besides its headquarters, August Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Connecticut · 1 listed address
- 51 Riverside Avenue, First Floor, WestportHQ
Contact and registration details
- Legal name
- August Wealth Advisors LLC
- Headquarters
- 51 Riverside Avenue, First Floor, Westport, CT 06880
- Website
- augustwealthadvisors.com
- Phone
- 800-985-9477
- @august-wealth-advisors
- SEC file
- 801-134820
- Founded
- 2019
- Structure
- Connecticut LLC
- Fiscal year end
- December
August Wealth Advisors’ named custodian for separately managed accounts is Charles Schwab ($437M). August Wealth Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $437M100%
At year end, August Wealth Advisors’ separately managed accounts were mostly in stocks (95%).
What the accounts hold
- Stocks95%
- Cash5%
How many clients does August Wealth Advisors have?
August Wealth Advisors has 319 clients and manages $437 million for them, as of September 2026. They include 192 high-net-worth individuals and 127 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026
What services does August Wealth Advisors offer?
August Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does August Wealth Advisors charge?
August Wealth Advisors charges up to 1.50% a year for its Wealth Management. The fee is billed in advance, is negotiable and requires an account of at least $2,000,000.
Source: AWA DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 30 September 2026
Which custodians does August Wealth Advisors use?
August Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $437M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 September 2026
How many financial advisors does August Wealth Advisors have?
August Wealth Advisors has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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
What does August Wealth Advisors invest in?
At the end of its last fiscal year, August Wealth Advisors’ separately managed accounts held 95% exchange-traded equities and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does August Wealth Advisors have a minimum investment?
Yes, August Wealth Advisors’ minimum account size for its Wealth Management is $2M.
Source: AWA DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 30 September 2026
Who owns August Wealth Advisors?
August Wealth Advisors’ direct owner is Joseph Cardello (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026
How does August Wealth Advisors get paid?
August Wealth Advisors 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
How do I contact August Wealth Advisors?
August Wealth Advisors’ main office is at 51 Riverside Avenue, First Floor, Westport, CT 06880. Its phone number is 800-985-9477. Its website is augustwealthadvisors.com.