{"url":"https://nivawealth.com/firms/bwm-planning-304855","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/304855","regulatoryAum":465289174,"crd":"304855","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6166759","suffix":null,"lastName":"BROWNLEE","firstName":"JUSTIN","middleName":"DOUGLAS"},{"crd":"4877378","suffix":null,"lastName":"LINGLE","firstName":"CAROLYN","middleName":null},{"crd":"6492755","suffix":null,"lastName":"Machen","firstName":"Jared","middleName":"Michael"},{"crd":"8180940","suffix":null,"lastName":"Matthews","firstName":"Josh","middleName":"Taylor"},{"crd":"7620095","suffix":null,"lastName":"Steele","firstName":"Nathan","middleName":"Andrew"}],"total":5,"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":"2023-08-02","regulatoryAum":182186502,"clients":50,"employees":3,"offices":3},{"filedOn":"2024-06-06","regulatoryAum":211952611,"clients":60,"employees":3,"offices":3},{"filedOn":"2025-07-25","regulatoryAum":295776156,"clients":66,"employees":5,"offices":6},{"filedOn":"2026-03-13","regulatoryAum":465289174,"clients":86,"employees":6,"offices":3}],"secFileNumber":"801-127789","legalName":"BWM Planning LLC","displayName":"BWM Planning","slug":"bwm-planning-304855","website":"https://bwmplanning.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/40908409/admin/","xUrl":"https://twitter.com/BrownleeWm","founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10000 Memorial Drive, Suite 440","city":"Houston","state":"TX","stateName":"Texas","country":"United States","postalCode":"77024"},"tradeNames":[],"registration":{"secApproved":"28 April 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":3691543.895348837,"staff":{"employees":6,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":465289174,"discretionary":400582298,"discretionaryAccounts":330,"nonDiscretionary":64706876,"nonDiscretionaryAccounts":28,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":17,"regulatoryAum":7768653},{"label":"High-net-worth individuals","clients":69,"regulatoryAum":309704122},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":147816399}],"feePrograms":[{"role":"other","program":"Investment Management and Ongoing Financial Planning","summary":"Flat annual fee by asset band: $25,000 up to $5,000,000 in assets, rising to $70,000 for $26,000,001 to $30,000,000; negotiable for taxable estates. Paid in advance, monthly or quarterly.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018688","versionId":1018688,"submittedOn":"2026-03-13","documentName":"BWM - ADV PART 2A"},{"role":"other","program":"Project Based Financial Planning","summary":"Fixed fee from $500 to $5,000, negotiable, or hourly at $450; half of a fixed fee is due at the start, not more than $1,200 more than six months in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018688","versionId":1018688,"submittedOn":"2026-03-13","documentName":"BWM - ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T10:39:45.267264+00:00","documents":[{"name":"BWM - ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018688","versionId":1018688,"submittedOn":"2026-03-13"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":400906795},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":57106735}],"custodyNote":"BWM Planning has custody of $21M for 21 clients.","otherCustodians":[],"leadership":[{"name":"Jared Machen","title":"Chief Operating Officer & Chief Compliance Officer","crd":"6492755"},{"name":"Justin Brownlee","title":"Owner","crd":"6166759"},{"name":"Josh Matthews","title":"Private Wealth Associate","crd":"8180940"},{"name":"Nathan Steele","title":"Associate Advisor","crd":"7620095"}],"ownership":[{"label":"Justin Brownlee","detail":"Owner in the 50% to 75% ownership band and a control person, since June 2019."},{"label":"Jared Machen","detail":"Chief operating officer & chief compliance officer in the 10% to 25% ownership band and a control person, since September 2020."},{"label":"Nathan Steele","detail":"Associate advisor in the 10% to 25% ownership band, since August 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":2,"addresses":[{"street":"10000 Memorial Drive, Suite 440","city":"Houston","headquarters":true},{"street":"1227 W Magnolia Ave","city":"Fort Worth"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"281-377-3170","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":16},{"label":"U.S. government/agency bonds","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":75},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"13 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/304855/PDF/304855.pdf","brochureDate":"13 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1018688","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 BWM Planning have?","answer":"BWM Planning has 86 clients and manages $465 million for them, as of March 2026. They include 69 high-net-worth individuals and 17 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does BWM Planning offer?","answer":"BWM Planning provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does BWM Planning use?","answer":"BWM Planning’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $401M and Charles Schwab & Co., Inc. (Westlake, TX), with $57.1M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does BWM Planning have?","answer":"BWM Planning has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 BWM Planning invest in?","answer":"At the end of its last fiscal year, BWM Planning’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 6% U.S. government and agency bonds and 3% cash and equivalents.","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 BWM Planning?","answer":"BWM Planning’s direct owners are Justin Brownlee (50% to 75%), Jared Machen (10% to 25%) and Nathan Steele (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does BWM Planning get paid?","answer":"BWM Planning is paid through hourly charges 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":"How do I contact BWM Planning?","answer":"BWM Planning’s main office is at 10000 Memorial Drive, Suite 440, Houston, TX 77024. Its phone number is 281-377-3170. Its website is bwmplanning.com.","source":"Form ADV Part 1A, Item 1.F, filed 13 March 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."}