Awm Financial Services provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, education planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Awm Financial Services reports 209 clients. They include 158 individual clients, 42 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 100.0% ($321M across 2,700 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 75% |
| High-net-worth individuals | 20% | 23% |
| Other investment advisers | 2% | 1% |
| Corporations and other businesses | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 158 | $240M | 74.8% | $1.52M |
| High-net-worth individuals | 42 | $74.1M | 23.1% | $1.77M |
| Other investment advisers | 4 | $3.52M | 1.1% | $879K |
| Corporations and other businesses | 5 | $3.24M | 1.0% | $649K |
| Total | 209 | $321M | 100% | $1.53M |
- Clients
- 158
- Regulatory AUM
- $240M
- AUM share
- 74.8%
- Avg. per client
- $1.52M
- Clients
- 42
- Regulatory AUM
- $74.1M
- AUM share
- 23.1%
- Avg. per client
- $1.77M
- Clients
- 4
- Regulatory AUM
- $3.52M
- AUM share
- 1.1%
- Avg. per client
- $879K
- Clients
- 5
- Regulatory AUM
- $3.24M
- AUM share
- 1.0%
- Avg. per client
- $649K
Total
- Clients
- 209
- Regulatory AUM
- $321M
- AUM share
- 100%
- Avg. per client
- $1.53M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Awm Financial Services charges up to 2.00% a year for its Portfolio Management Fees. The fee is billed in arrears and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting are billed at an hourly fee of $1,000, negotiable, with full payment due on completion of the services.
Daniel Wheless owns 75% or more of Awm Financial Services. The leadership team of Awm Financial Services includes President Matthew Stevenson and Chief Compliance Officer Ruth Thortvedt. It has 19 employees, 7 of them in advisory roles.
Staff
- 19 employees
- 7 in advisory functions
- 7 state-registered reps
- 7 insurance agents
- Owns 75% or more of Awm Financial Services Inc.
Daniel Wheless
Control person · since January 2008
Awm Financial Services’ regulatory assets grew 2.6× from $121M (July 2021) to $321M (March 2026); clients fell from 478 to 209 and employees rose from 11 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $321M | 209 | 19 | 1 |
| Jun 2025June 2025 | $234M | 1,345 | 15 | 1 |
| May 2024May 2024 | $198M | 616 | 13 | 1 |
| May 2023May 2023 | $172M | 972 | 11 | 1 |
| Feb 2022February 2022 | $180M | 732 | 11 | 1 |
| Jul 2021July 2021 | $121M | 478 | 11 | 1 |
Besides its headquarters, Awm Financial Services has 0 offices, with 1 listed address in 1 state.
Texas · 1 listed address
- 9595 Six Pines Drive, Building 4 Suite 4230, The WoodlandsHQ
Contact and registration details
- Legal name
- Awm Financial Services Inc.
- Headquarters
- 9595 Six Pines Drive, Building 4 Suite 4230, The Woodlands, TX 77380
- Website
- alliedwealth.com
- Phone
- 281-444-7555
- SEC file
- 801-120940
- Founded
- 2007
- Structure
- Texas corporation
- Fiscal year end
- December
Awm Financial Services’ named custodian for separately managed accounts is Charles Schwab ($321M). Awm Financial Services does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $321M100%
At year end, Awm Financial Services’ separately managed accounts were mostly in funds (70%) and stocks (30%).
What the accounts hold
- Stocks30%
- Exchange-traded equities20%
- Non-exchange-traded equities10%
- Funds70%
How many clients does Awm Financial Services have?
Awm Financial Services has 209 clients and manages $321 million for them, as of March 2026. They include 158 individual clients, 42 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Awm Financial Services offer?
Awm Financial Services provides financial planning, portfolio management for individuals and small businesses, selecting other managers, educational seminars, education planning, insurance, retirement plan services, and tax planning.
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 Awm Financial Services charge?
Awm Financial Services charges up to 2.00% a year for its Portfolio Management Fees. The fee is billed in arrears and requires an account of at least $500,000.
Source: ADV PART 2A, filed 20 March 2026
Which custodians does Awm Financial Services use?
Awm Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $321M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Awm Financial Services have?
Awm Financial Services has 7 investment adviser representatives registered with state securities authorities, out of 19 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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 Awm Financial Services invest in?
At the end of its last fiscal year, Awm Financial Services’ separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities and 10% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Awm Financial Services have a minimum investment?
Yes, Awm Financial Services’ minimum account size for its Portfolio Management Fees is $500K.
Source: ADV PART 2A, filed 20 March 2026
Who owns Awm Financial Services?
Awm Financial Services’ direct owner is Daniel Wheless (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Awm Financial Services get paid?
Awm Financial Services is paid through a percentage of assets under management, hourly charges and other compensation. 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 Awm Financial Services?
Awm Financial Services’ main office is at 9595 Six Pines Drive, Building 4 Suite 4230, The Woodlands, TX 77380. Its phone number is 281-444-7555. Its website is alliedwealth.com.