{"url":"https://nivawealth.com/firms/cfm-advisors-111581","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/111581","regulatoryAum":202673837,"crd":"111581","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2361521","suffix":null,"lastName":"BONACCI","firstName":"WILLIAM","middleName":null},{"crd":"5932833","suffix":null,"lastName":"HARDGROVE","firstName":"LYLE","middleName":"WELDON"},{"crd":"6791835","suffix":null,"lastName":"Panella","firstName":"Michael","middleName":"Francis"},{"crd":"1328361","suffix":null,"lastName":"ROMANO","firstName":"JOHN","middleName":null},{"crd":"6653266","suffix":null,"lastName":"Stendardi","firstName":"Matthew","middleName":"E"}],"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":"2021-03-08","regulatoryAum":437112000,"clients":355,"employees":3,"offices":1},{"filedOn":"2022-05-26","regulatoryAum":1255500000,"clients":284,"employees":4,"offices":2},{"filedOn":"2023-03-30","regulatoryAum":1400000000,"clients":1075,"employees":5,"offices":2},{"filedOn":"2024-02-15","regulatoryAum":1749750000,"clients":1480,"employees":5,"offices":2},{"filedOn":"2025-03-12","regulatoryAum":3492215000,"clients":2081,"employees":5,"offices":2},{"filedOn":"2026-03-24","regulatoryAum":202673837,"clients":216,"employees":7,"offices":2}],"secFileNumber":"801-56891","legalName":"CFM Advisors Inc","displayName":"CFM Advisors","slug":"cfm-advisors-111581","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"1373 Veterans Highway, Suite 10","city":"Hauppauge","state":"NY","stateName":"New York","country":"United States","postalCode":"11788"},"tradeNames":[],"registration":{"secApproved":"25 October 1999","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":940052.4623115578,"staff":{"employees":7,"advisory":5,"brokerDealerReps":0,"insuranceAgents":2,"promoters":7},"aum":{"regulatory":202673837,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":202673837,"nonDiscretionaryAccounts":315,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":185,"regulatoryAum":146664496},{"label":"High-net-worth individuals","clients":14,"regulatoryAum":40405944},{"label":"Pension and profit-sharing plans","clients":15,"regulatoryAum":15374912},{"label":"Corporations and other businesses","clients":2,"fewerThan5":true,"regulatoryAum":228485}],"feePrograms":[{"role":"main","program":"Investment Supervisory Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024646","versionId":1024646,"ratePeriod":"annual","fee_billing":null,"submittedOn":"2026-03-24","documentName":"PART 2A OF FORM ADV (FIRM BROCHURE)","fee_rate_low":0.5,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Financial planning offered for up to $25,000; the fee depends on the complexity of the plan and the service level.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024646","versionId":1024646,"submittedOn":"2026-03-24","documentName":"PART 2A OF FORM ADV (FIRM BROCHURE)"},{"role":"other","program":"Portfolio Management Services","summary":"Annualized fee of 2.00% up to $1 million, stepping down to 0.50% above $8 million; maximum annual fee of 2.00%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024646","versionId":1024646,"submittedOn":"2026-03-24","documentName":"PART 2A OF FORM ADV (FIRM BROCHURE)"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T04:20:34.914045+00:00","documents":[{"name":"PART 2A OF FORM ADV (FIRM BROCHURE)","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024646","versionId":1024646,"submittedOn":"2026-03-24"}]},"custodians":[{"name":"Royal Bank of Canada","shortName":"Royal Bank of Canada","location":"Montreal","smaAssets":202673837}],"custodyNote":"CFM Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Anthony Ward","title":"Chief Compliance Officer & in-House ERISA Counsel","crd":"2465145"}],"ownership":[{"label":"Apollo Lunar Module LP","detail":"Principal shareholder in the 75% or more ownership band and a control person, since April 2019."},{"label":"Michael Russo","detail":"Indirect owner: trustee of The Russo Family Dynasty Trust and a control person, since October 2019.","parent":"The Russo Family Dynasty Trust"},{"label":"The Russo Family Dynasty Trust","detail":"Indirect owner: a general partner of Apollo Lunar Module LP in the 75% or more band and a control person, since October 2019.","parent":"Apollo Lunar Module LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"1373 Veterans Highway, Suite 10","city":"Hauppauge","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"631-657-2135","stateRegisteredReps":5,"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","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":13},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":45},{"label":"Securities issued by registered investment companies or business development companies","percent":35},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/111581/PDF/111581.pdf","brochureDate":"24 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024646","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 CFM Advisors have?","answer":"CFM Advisors has 216 clients and manages $203 million for them, as of March 2026. They include 185 individual clients, 15 pension and profit-sharing plans, and 14 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does CFM Advisors offer?","answer":"CFM Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.","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 CFM Advisors charge?","answer":"CFM Advisors charges 0.50%–2.00% a year for its Investment Supervisory Services. The fee is negotiable.","source":"PART 2A OF FORM ADV (FIRM BROCHURE), filed 24 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does CFM Advisors use?","answer":"CFM Advisors’ separately managed account assets are held at Royal Bank of Canada (Montreal), with $203M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does CFM Advisors have?","answer":"CFM Advisors has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 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 CFM Advisors invest in?","answer":"At the end of its last fiscal year, CFM Advisors’ separately managed accounts held 45% state and local bonds, 35% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 5% cash and equivalents, 1% non-exchange-traded equities and 1% U.S. government and agency bonds.","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 CFM Advisors?","answer":"CFM Advisors’ direct owner is Apollo Lunar Module LP (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does CFM Advisors get paid?","answer":"CFM 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact CFM Advisors?","answer":"CFM Advisors’ main office is at 1373 Veterans Highway, Suite 10, Hauppauge, NY 11788. Its phone number is 631-657-2135.","source":"Form ADV Part 1A, Item 1.F, filed 24 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."}