Cleveland Wealth provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Cleveland Wealth reports 396 clients. They include 265 individual clients and 131 high-net-worth individuals. Of its assets, 0.7% ($3.34M across 5 accounts) are managed with discretion; $503M across 1,042 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 33% |
| High-net-worth individuals | 33% | 67% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 265 | $167M | 33.0% | $631K |
| High-net-worth individuals | 131 | $339M | 67.0% | $2.59M |
| Total | 396 | $507M | 100% | $1.28M |
- Clients
- 265
- Regulatory AUM
- $167M
- AUM share
- 33.0%
- Avg. per client
- $631K
- Clients
- 131
- Regulatory AUM
- $339M
- AUM share
- 67.0%
- Avg. per client
- $2.59M
Total
- Clients
- 396
- Regulatory AUM
- $507M
- AUM share
- 100%
- Avg. per client
- $1.28M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Cleveland Wealth charges 0.65%–1.50% a year for its Portfolio Management. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- The annual negotiated fixed fee for a financial plan is between $1,200 and $10,000.
Thomas Stockett owns 50% to 75% of Cleveland Wealth. The leadership team of Cleveland Wealth includes Chief Compliance Officer Douglas Sockman. It has 7 employees, 3 of them in advisory roles.
Leadership
Douglas SockmanPrincipal/Chief Compliance Officer- Thomas StockettPrincipal
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Cleveland Wealth, LLC
Thomas Stockett
Control person · since October 2015
- Owns 50% to 75% of Cleveland Wealth, LLC
Douglas Sockman
Control person · since October 2015
Cleveland Wealth’s regulatory assets grew from $448M (May 2021) to $507M (July 2026); clients fell from 1,215 to 396 and employees rose from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $507M | 396 | 7 | 1 |
| May 2025 | $1.01B | 1,267 | 2 | 1 |
| February 2024 | $768M | 1,182 | 6 | 1 |
| May 2023 | $588M | 1,129 | 6 | 1 |
| January 2022 | $625M | 1,007 | 6 | 1 |
| May 2021 | $448M | 1,215 | 6 | 1 |
Besides its headquarters, Cleveland Wealth has 0 offices, with 1 listed address in Ohio.
Ohio · 1 listed address
- 600 Superior Avenue East, Suite 2550, ClevelandHQ
Contact and registration details
- Legal name
- Cleveland Wealth, LLC
- Headquarters
- 600 Superior Avenue East, Suite 2550, Cleveland, OH 44114
- Website
- clevelandwealth.com
- Phone
- 216-810-5900
- @cleveland-wealth-llc.
- SEC file
- 801-117776
- Founded
- 2015
- Structure
- Ohio LLC
- Fiscal year end
- December
Cleveland Wealth uses Charles Schwab ($464M) as custodian for its separately managed accounts. Cleveland Wealth has custody of $461M in client assets for 357 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $464M100%
At year end, Cleveland Wealth’s separately managed accounts were mostly in funds (86%) and stocks (12%).
What the accounts hold
- Stocks12%
- Funds86%
- Cash2%
How many clients does Cleveland Wealth have?
Cleveland Wealth has 396 clients and manages $507 million for them, as of July 2026. They include 265 individual clients and 131 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 July 2026
What services does Cleveland Wealth offer?
Cleveland Wealth provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, 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 Cleveland Wealth charge?
Cleveland Wealth charges 0.65%–1.50% a year for its Portfolio Management. The fee is billed in advance or in arrears and is negotiable.
Source: ADV PART 2A-CLEVELAND WEALTH, LLC, filed 26 February 2026
Which custodians does Cleveland Wealth use?
Cleveland Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $464M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 July 2026
How many financial advisors does Cleveland Wealth have?
Cleveland Wealth has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 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
What does Cleveland Wealth invest in?
At the end of its last fiscal year, Cleveland Wealth’s separately managed accounts held 86% registered funds (mutual funds, ETFs, BDCs), 12% exchange-traded equities and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cleveland Wealth?
Cleveland Wealth’s direct owners are Thomas Stockett (50% to 75%) and Douglas Sockman (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 2 July 2026
How does Cleveland Wealth get paid?
Cleveland Wealth is paid through a percentage of assets under management, fixed fees 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
Is Cleveland Wealth registered with the SEC?
Yes, Cleveland Wealth has been registered with the SEC as an investment adviser since 13 December 2019. Its CRD number is 282196 and its SEC file number is 801-117776.
Source: Form ADV Part 1A, Item 1, filed 2 July 2026; IAPD firm record
How do I contact Cleveland Wealth?
Cleveland Wealth’s main office is at 600 Superior Avenue East, Suite 2550, Cleveland, OH 44114. Its phone number is 216-810-5900. Its website is clevelandwealth.com.