{"url":"https://nivawealth.com/firms/cain-watters-and-associates-111521","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/111521","regulatoryAum":5036805273,"crd":"111521","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7888015","suffix":null,"lastName":"Adams","firstName":"Brandi","middleName":"Lynn"},{"crd":"6748714","suffix":null,"lastName":"ADAMS","firstName":"MICAH","middleName":"TAYLOR"},{"crd":"7410102","suffix":null,"lastName":"Austin","firstName":"Brendren","middleName":"Spencer"},{"crd":"5142362","suffix":null,"lastName":"BARNETT","firstName":"HEIDI","middleName":"H"},{"crd":"8088630","suffix":null,"lastName":"Bascue","firstName":"Brandon","middleName":"Alexander"},{"crd":"7161001","suffix":null,"lastName":"Bates","firstName":"Trevor","middleName":"Christian"},{"crd":"7646904","suffix":null,"lastName":"Bauer","firstName":"John","middleName":"Christian"},{"crd":"5284991","suffix":null,"lastName":"BLASINGAME","firstName":"BRADLEY","middleName":"WAYNE"},{"crd":"8318367","suffix":null,"lastName":"Boda","firstName":"Nicolas","middleName":"Ryan"},{"crd":"3225344","suffix":null,"lastName":"BORTZ","firstName":"BRIAN","middleName":"ROBERT"},{"crd":"7795225","suffix":null,"lastName":"Bratton","firstName":"Kiley","middleName":"Christine"},{"crd":"5896345","suffix":null,"lastName":"BRYAN","firstName":"CAITLIN","middleName":"SUMMERS"},{"crd":"7423754","suffix":null,"lastName":"BYRD","firstName":"CAEDEN","middleName":"AMES"},{"crd":"4538520","suffix":null,"lastName":"CAIN","firstName":"STEVEN","middleName":"LAWRENCE"},{"crd":"8144664","suffix":null,"lastName":"Campbell","firstName":"Carly","middleName":"Nicole"},{"crd":"8146231","suffix":null,"lastName":"Campbell","firstName":"Peyton","middleName":"Ray"},{"crd":"7440158","suffix":null,"lastName":"Chandler","firstName":"Blake","middleName":"Everett"},{"crd":"4538425","suffix":null,"lastName":"CLAPP","firstName":"STEVEN","middleName":"BRADLEY"},{"crd":"6374418","suffix":null,"lastName":"CLYNCH","firstName":"MATTHEW","middleName":"SCOTT"},{"crd":"5001372","suffix":null,"lastName":"CRAWFORD","firstName":"JUDSON","middleName":"STANDEFER"},{"crd":"4962668","suffix":null,"lastName":"DAUDE","firstName":"EDWARD","middleName":"MICHAEL"},{"crd":"7224379","suffix":"Mrs.","lastName":"Denham","firstName":"Julie","middleName":"Marie"},{"crd":"7404587","suffix":null,"lastName":"Evans","firstName":"Amanda","middleName":"Salinas"},{"crd":"6503353","suffix":null,"lastName":"FORBESS","firstName":"DAVID","middleName":"GILES"},{"crd":"6458255","suffix":null,"lastName":"Frazier","firstName":"Brittany","middleName":"Morgan"},{"crd":"6828821","suffix":null,"lastName":"Fry","firstName":"Justin","middleName":"Morgan"},{"crd":"5909104","suffix":null,"lastName":"GAGE","firstName":"JENNIFER","middleName":"LYNN"},{"crd":"5155635","suffix":null,"lastName":"GATES","firstName":"THOMAS","middleName":"DAMON"},{"crd":"7529379","suffix":null,"lastName":"George","firstName":"Gizelle","middleName":"Grace"},{"crd":"4538495","suffix":null,"lastName":"GREAVES","firstName":"TIMOTHY","middleName":"BASIL"},{"crd":"4762890","suffix":null,"lastName":"GRUBE","firstName":"HOLLY","middleName":"ALLISON"},{"crd":"6458581","suffix":null,"lastName":"HARRIGAN","firstName":"KELLEE","middleName":"ANGELA"},{"crd":"2379397","suffix":null,"lastName":"HARRIGAN","firstName":"WILLIAM","middleName":"THOMAS"},{"crd":"5821120","suffix":null,"lastName":"HARRIS","firstName":"ZANE","middleName":"Jeffrey"},{"crd":"8104686","suffix":null,"lastName":"Hein","firstName":"Caleb","middleName":"Michael"},{"crd":"8127041","suffix":null,"lastName":"Herrmann","firstName":"Garrett","middleName":"Allen"},{"crd":"8159497","suffix":null,"lastName":"Hill","firstName":"Samantha","middleName":"Nicole"},{"crd":"6356287","suffix":null,"lastName":"HOOVER","firstName":"BROOK","middleName":null},{"crd":"8313949","suffix":null,"lastName":"Irons","firstName":"Reagan","middleName":"Elizabeth"},{"crd":"4518091","suffix":null,"lastName":"JACOBSMEYER","firstName":"ERIC","middleName":"ALLEN"},{"crd":"7493248","suffix":null,"lastName":"Jones","firstName":"Allie","middleName":"Klein"},{"crd":"5195718","suffix":null,"lastName":"KLEIN","firstName":"JENNIFER","middleName":"ERIN"},{"crd":"5834991","suffix":null,"lastName":"KLEIN","firstName":"KEITH","middleName":"ROBERT"},{"crd":"7337954","suffix":null,"lastName":"Lamar","firstName":"Laura","middleName":"O."},{"crd":"7294562","suffix":null,"lastName":"Lamm","firstName":"Annie","middleName":"Caroline"},{"crd":"7290782","suffix":null,"lastName":"Lamm","firstName":"Eric","middleName":"Joseph"},{"crd":"4653916","suffix":null,"lastName":"LEE","firstName":"TONI","middleName":"HATCHER"},{"crd":"5483295","suffix":null,"lastName":"LORETTO","firstName":"CHARLES","middleName":"ARNOLD"},{"crd":"6978338","suffix":null,"lastName":"LYLE","firstName":"SCOTT","middleName":"ALAN"},{"crd":"4900585","suffix":null,"lastName":"LYONS","firstName":"PAUL","middleName":"DOUGLAS"},{"crd":"6761096","suffix":null,"lastName":"MCKELVY","firstName":"ALFRED","middleName":"DOUGLAS"},{"crd":"6699662","suffix":null,"lastName":"Mitchell","firstName":"Kaitlin","middleName":"Elizabeth"},{"crd":"6582618","suffix":null,"lastName":"NELSON","firstName":"NATHAN","middleName":"ROBERT"},{"crd":"8017106","suffix":null,"lastName":"Nelson","firstName":"Paul","middleName":"Samuel"},{"crd":"7025519","suffix":null,"lastName":"Oliver","firstName":"Sarah","middleName":"Kelly"},{"crd":"7829727","suffix":null,"lastName":"Parks","firstName":"Heather","middleName":"Paige"},{"crd":"7562701","suffix":null,"lastName":"Perry","firstName":"Amanda","middleName":"Christine"},{"crd":"6207662","suffix":null,"lastName":"PERRY","firstName":"JONATHAN","middleName":"BARRETT"},{"crd":"7333139","suffix":null,"lastName":"Peterson","firstName":"Matthew","middleName":"James"},{"crd":"7954112","suffix":null,"lastName":"Randolph","firstName":"Jaze","middleName":"Mance"},{"crd":"7418335","suffix":null,"lastName":"Richter","firstName":"Samuel","middleName":"David"},{"crd":"7360765","suffix":null,"lastName":"Roecker","firstName":"Lauren","middleName":"Estelle"},{"crd":"7817908","suffix":null,"lastName":"Rosenthal","firstName":"Aaron","middleName":"Mitchell"},{"crd":"3081346","suffix":null,"lastName":"SANDERS","firstName":"BRAD","middleName":"ROBERT"},{"crd":"6836795","suffix":null,"lastName":"Sanders","firstName":"Erica","middleName":"C"},{"crd":"4601540","suffix":null,"lastName":"SANDERS","firstName":"THOMAS","middleName":"ROBERT"},{"crd":"5635933","suffix":null,"lastName":"SATTERFIELD","firstName":"HUNTER","middleName":"DAVID"},{"crd":"6470913","suffix":null,"lastName":"Scott","firstName":"Samuel","middleName":"Austyn"},{"crd":"7865798","suffix":null,"lastName":"Smith","firstName":"Alexandra","middleName":"Addison"},{"crd":"5936106","suffix":null,"lastName":"STEPHENSON","firstName":"REGAN","middleName":"ELIZABETH"},{"crd":"6360766","suffix":null,"lastName":"STERN","firstName":"MASON","middleName":null},{"crd":"6453398","suffix":null,"lastName":"SVITAK","firstName":"ANGELA","middleName":"MARIE"},{"crd":"7626216","suffix":null,"lastName":"Svoboda","firstName":"Benjamin","middleName":"Michael"},{"crd":"7949672","suffix":null,"lastName":"Wang","firstName":"Shun Yang","middleName":null},{"crd":"3175391","suffix":null,"lastName":"WICKER","firstName":"DAN","middleName":"CHARLES"},{"crd":"6489808","suffix":null,"lastName":"WITTER","firstName":"ALYSSA","middleName":"LOUISE"}],"total":76,"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":"2021-03-21","regulatoryAum":2179283661,"clients":2285,"employees":155,"offices":2},{"filedOn":"2022-03-31","regulatoryAum":2753384041,"clients":3075,"employees":225,"offices":2},{"filedOn":"2023-03-31","regulatoryAum":2664713561,"clients":2748,"employees":265,"offices":2},{"filedOn":"2024-05-29","regulatoryAum":3544679305,"clients":3174,"employees":283,"offices":3},{"filedOn":"2025-04-01","regulatoryAum":4237891280,"clients":3168,"employees":337,"offices":3},{"filedOn":"2026-06-04","regulatoryAum":5036805273,"clients":3397,"employees":341,"offices":3}],"secFileNumber":"801-39899","legalName":"Cain, Watters & Associates, LLC","displayName":"Cain, Watters & Associates","slug":"cain-watters-and-associates-111521","website":"https://cainwatters.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/111521/cbdaf24a01dfc479-r1.webp","tone":"light","width":506,"height":200,"sourceUrl":"https://www.cainwatters.com/","sourceLabel":"Cain, Watters & Associates, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/cain-watters-&-associates","founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"17 Cowboys Way, Suite 300","city":"Frisco","state":"TX","stateName":"Texas","country":"United States","postalCode":"75034"},"tradeNames":[],"registration":{"secApproved":"30 September 1991","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1292018.6059806508,"staff":{"employees":341,"advisory":86,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":5036805273,"discretionary":2382606144,"discretionaryAccounts":8623,"nonDiscretionary":2654199129,"nonDiscretionaryAccounts":3515,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":930},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1474,"regulatoryAum":425605144},{"label":"High-net-worth individuals","clients":800,"regulatoryAum":2512445166},{"label":"Charitable organizations","clients":1,"regulatoryAum":1885020},{"label":"Other","clients":1122,"regulatoryAum":2096869943}],"feePrograms":[{"role":"other","program":"Basic ERISA Plan Services","summary":"Flat fee of $300 a year for each plan trustee, fiduciary or sponsor, payable as $25 a month.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04","documentName":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A"},{"role":"other","program":"Business and Personal Financial Planning","summary":"Annual planning fee of $3,300 to $15,600 for a one-professional household; initial consultation $10,000, or $12,000 for two.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04","documentName":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A"},{"role":"other","program":"Out-of-Scope Planning Work","summary":"Services outside the planning agreement are billed at $500 per hour, with a 50% retainer due in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04","documentName":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A"},{"role":"other","program":"Personal Trust Asset Management","summary":"CWA fee of 0.20% of assets under management, within the custodian program fee of 0.65%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04","documentName":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A"},{"role":"other","program":"Separately Managed Accounts (SMA) Program","summary":"Fee of up to 0.66% of assets under management, plus investment manager fees of up to 0.70%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04","documentName":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A"},{"role":"other","program":"Unified Managed Account (UMA) Program","summary":"Tiered fee from 1.00% of the first $1 million down to 0.35% over $25 million, plus model provider fees of 0.25% to 0.70%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04","documentName":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T04:20:20.927511+00:00","documents":[{"name":"CAIN WATTERS & ASSOCIATES, LLC FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","versionId":1047226,"submittedOn":"2026-06-04"}]},"custodians":[{"name":"T Bank, NA","shortName":"T Bank, NA","location":"Dallas, TX","smaAssets":2250119076},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":2759472694}],"custodyNote":"Cain, Watters & Associates has custody of $1.15B in client assets for 4,069 clients.","otherCustodians":[],"leadership":[{"name":"Jeremy Bolf","title":"Chief Compliance Officer","crd":"5666828"},{"name":"Scott Erwin","title":"Chief Operations Officer","crd":"7833982"}],"ownership":[{"label":"Cwa Financial Group, LLC","detail":"Managing member in the 75% or more ownership band and a control person, since January 2026."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"17 Cowboys Way, Suite 300","city":"Frisco","headquarters":true}]},{"state":"Utah","offices":1,"addresses":[{"street":"202 S Main Street","city":"Kaysville"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"972-233-3323","stateRegisteredReps":74,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"3000","assetMix":[{"label":"Exchange-traded equity securities","percent":19},{"label":"Securities issued by registered investment companies or business development companies","percent":29},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":48},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"4 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/111521/PDF/111521.pdf","brochureDate":"4 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047226","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 Cain, Watters & Associates have?","answer":"Cain, Watters & Associates has 3,397 clients and manages $5.04 billion for them, as of June 2026. They include 1,474 individual clients, 1,122 other clients and 800 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cain, Watters & Associates offer?","answer":"Cain, Watters & Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.","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 Cain, Watters & Associates use?","answer":"Cain, Watters & Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $2.76B and T Bank, NA (Dallas, TX), with $2.25B. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cain, Watters & Associates have?","answer":"Cain, Watters & Associates has 74 investment adviser representatives registered with state securities authorities, out of 341 employees, and 86 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cain, Watters & Associates invest in?","answer":"At the end of its last fiscal year, Cain, Watters & Associates’ separately managed accounts held 48% pooled vehicles (private funds and similar), 29% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities and 4% 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 Cain, Watters & Associates?","answer":"Cain, Watters & Associates’ direct owner is Cwa Financial Group, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 4 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cain, Watters & Associates get paid?","answer":"Cain, Watters & Associates is paid through a percentage of assets under management, 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 Cain, Watters & Associates?","answer":"Cain, Watters & Associates’ main office is at 17 Cowboys Way, Suite 300, Frisco, TX 75034. Its phone number is 972-233-3323. Its website is cainwatters.com.","source":"Form ADV Part 1A, Item 1.F, filed 4 June 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."}