{"url":"https://nivawealth.com/firms/carolina-strategy-324629","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/324629","regulatoryAum":119089787,"crd":"324629","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4484374","suffix":null,"lastName":"DAVIDSON","firstName":"WALKER","middleName":"FRANKLIN"}],"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":"2025-02-18","regulatoryAum":111821299,"clients":59,"employees":1,"offices":2},{"filedOn":"2026-01-08","regulatoryAum":119089787,"clients":64,"employees":1,"offices":1}],"secFileNumber":"801-132032","legalName":"Carolina Strategy, LLC","displayName":"Carolina Strategy","slug":"carolina-strategy-324629","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth 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Services","summary":"Asset-based pension consulting fee of 0.50% of all assets, withdrawn quarterly and paid in arrears.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000660","versionId":1000660,"submittedOn":"2026-01-08","documentName":"FORM ADV PART 2A-  CAROLINA STRATEGY, LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:24:41.181166+00:00","documents":[{"name":"FORM ADV PART 2A-  CAROLINA STRATEGY, LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000660","versionId":1000660,"submittedOn":"2026-01-08"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":119089787}],"custodyNote":"Carolina Strategy does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Walker Davidson","title":"Managing Member and Chief Compliance Officer","crd":"4484374"}],"ownership":[{"label":"Walker Davidson","detail":"Managing member and chief compliance officer in the 75% or more ownership band and a control person, since December 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"980-269-9899","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":42},{"label":"U.S. government/agency bonds","percent":38},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":18},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"8 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/324629/PDF/324629.pdf","brochureDate":"8 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000660","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 Carolina Strategy have?","answer":"Carolina Strategy has 64 clients and manages $119 million for them, as of January 2026. They include 42 high-net-worth individuals, 21 individual clients and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 8 January 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Carolina Strategy offer?","answer":"Carolina Strategy provides financial planning, portfolio management for individuals and small businesses, 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 Carolina Strategy charge?","answer":"Carolina Strategy charges 0.50%–0.75% a year for its Portfolio Management Fees. The fee is billed in advance and is negotiable.","source":"FORM ADV PART 2A-  CAROLINA STRATEGY, LLC, filed 8 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Carolina Strategy use?","answer":"Carolina Strategy’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $119M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 January 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Carolina Strategy have?","answer":"Carolina Strategy has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 Carolina Strategy invest in?","answer":"At the end of its last fiscal year, Carolina Strategy’s separately managed accounts held 42% exchange-traded equities, 38% U.S. government and agency bonds, 18% registered funds (mutual funds, ETFs, BDCs), 1% investment grade corporate bonds and 1% 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 Carolina Strategy?","answer":"Carolina Strategy’s direct owner is Walker Davidson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 8 January 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Carolina Strategy get paid?","answer":"Carolina Strategy 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":"How do I contact Carolina Strategy?","answer":"Its phone number is 980-269-9899.","source":"Form ADV Part 1A, Item 1.F, filed 8 January 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."}