{"url":"https://nivawealth.com/firms/cleveland-wealth-282196","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/282196","regulatoryAum":506578765,"crd":"282196","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7030080","suffix":null,"lastName":"Arsena","firstName":"Ashley","middleName":"Nicole"},{"crd":"2884058","suffix":null,"lastName":"SOCKMAN","firstName":"DOUGLAS","middleName":"WILLIAM"},{"crd":"5863333","suffix":null,"lastName":"STOCKETT","firstName":"THOMAS","middleName":"WILLIAMS"}],"total":3,"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":"2021-05-28","regulatoryAum":448173600,"clients":1215,"employees":6,"offices":1},{"filedOn":"2022-01-19","regulatoryAum":625086939,"clients":1007,"employees":6,"offices":1},{"filedOn":"2023-05-09","regulatoryAum":588489922,"clients":1129,"employees":6,"offices":1},{"filedOn":"2024-02-08","regulatoryAum":767831157,"clients":1182,"employees":6,"offices":1},{"filedOn":"2025-05-19","regulatoryAum":1012082624,"clients":1267,"employees":2,"offices":1},{"filedOn":"2026-07-02","regulatoryAum":506578765,"clients":396,"employees":7,"offices":1}],"secFileNumber":"801-117776","legalName":"Cleveland Wealth, LLC","displayName":"Cleveland Wealth","slug":"cleveland-wealth-282196","website":"https://clevelandwealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/cleveland-wealth-llc./?viewAsMember=true","founded":"2015","organization":"Ohio limited liability company","fiscalYearEnd":"December","headquarters":{"street":"600 Superior Avenue East, Suite 2550","city":"Cleveland","state":"OH","stateName":"Ohio","country":"United States","postalCode":"44114"},"tradeNames":[],"registration":{"secApproved":"13 December 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LLC","fee_rate_low":0.65,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"The annual negotiated fixed fee for a financial plan is between $1,200 and $10,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012198","versionId":1012198,"submittedOn":"2026-02-26","documentName":"ADV PART 2A-CLEVELAND WEALTH, LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T05:12:28.155303+00:00","documents":[{"name":"ADV PART 2A-CLEVELAND WEALTH, LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012198","versionId":1012198,"submittedOn":"2026-02-26"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":463600823}],"custodyNote":"Cleveland Wealth has custody of $461M in client assets for 357 clients.","leadership":[{"name":"Douglas Sockman","title":"Principal/Chief Compliance Officer","crd":"2884058"},{"name":"Thomas Stockett","title":"Principal","crd":"5863333"}],"ownership":[{"label":"Thomas Stockett","detail":"Principal in the 50% to 75% ownership band and a control person, since October 2015."},{"label":"Douglas Sockman","detail":"Principal/chief compliance officer in the 50% to 75% ownership band and a control person, since October 2015."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"600 Superior Avenue East, Suite 2550","city":"Cleveland","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"216-810-5900","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":12},{"label":"Securities issued by registered investment companies or business development companies","percent":86},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"2 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/282196/PDF/282196.pdf","brochureDate":"26 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012198","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 Cleveland Wealth have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cleveland Wealth offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Cleveland Wealth charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Cleveland Wealth use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cleveland Wealth have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cleveland Wealth invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cleveland Wealth?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cleveland Wealth get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Cleveland Wealth registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Cleveland Wealth?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 2 July 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."}