{"url":"https://nivawealth.com/firms/cmg-capital-management-group-110750","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110750","regulatoryAum":256546961,"crd":"110750","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1264632","suffix":null,"lastName":"BLUMENTHAL","firstName":"STEPHEN","middleName":"BRUCE"},{"crd":"4552625","suffix":null,"lastName":"RUTSTEIN","firstName":"AVI","middleName":"JONATHAN"}],"total":2,"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":"2021-03-31","regulatoryAum":232099219,"clients":1228,"employees":14,"offices":1},{"filedOn":"2022-03-07","regulatoryAum":267016750,"clients":1412,"employees":14,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":263179242,"clients":1813,"employees":11,"offices":1},{"filedOn":"2024-04-16","regulatoryAum":205262625,"clients":480,"employees":11,"offices":4},{"filedOn":"2025-04-15","regulatoryAum":251141242,"clients":549,"employees":11,"offices":2},{"filedOn":"2026-04-24","regulatoryAum":256546961,"clients":538,"employees":10,"offices":1}],"secFileNumber":"801-43455","legalName":"CMG Capital Management Group, Inc.","displayName":"CMG Capital Management Group","slug":"cmg-capital-management-group-110750","website":"https://cmgprivatewealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/cmg-capital-management-group-inc-/","founded":null,"organization":"Pennsylvania corporation","fiscalYearEnd":"December","headquarters":{"street":"75 Valley Stream Parkway, Suite 201","city":"Malvern","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"19355"},"tradeNames":[],"registration":{"secApproved":"4 March 1993","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":440121.2313432836,"staff":{"employees":10,"advisory":8,"brokerDealerReps":3,"insuranceAgents":1,"promoters":11},"aum":{"regulatory":256546961,"discretionary":210520949,"discretionaryAccounts":808,"nonDiscretionary":46026012,"nonDiscretionaryAccounts":143,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":470,"regulatoryAum":78635514},{"label":"High-net-worth individuals","clients":66,"regulatoryAum":157269466},{"label":"Pooled investment vehicles","clients":2,"regulatoryAum":20641981}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T08:26:09.903121+00:00","documents":[{"name":"ADV PART 2","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024047","versionId":1024047,"submittedOn":"2026-03-23"}]},"custodians":[{"name":"Axos Advisor Services","shortName":"Axos Advisor Services","location":"Centennial, CO","smaAssets":125680371},{"name":"U.S. Bank","shortName":"U.S. Bank","location":"Milwaukee, WI","smaAssets":28835644}],"custodyNote":"CMG Capital Management Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Stephen Blumenthal","title":"CEO / Chief Compliance Officer","crd":"1264632"},{"name":"Susan Blumenthal","title":"Owner","crd":"6933097"},{"name":"Rory Riggs","title":"Owner","crd":"1080612"}],"ownership":[{"label":"Stephen Blumenthal","detail":"Ceo / chief compliance officer in the 75% or more ownership band and a control person, since June 1994."},{"label":"Susan Blumenthal","detail":"Owner in the 5% to 10% ownership band, since December 2014."},{"label":"Rory Riggs","detail":"Owner in the 10% to 25% ownership band, since October 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Pennsylvania","offices":1,"addresses":[{"street":"75 Valley Stream Parkway, Suite 201","city":"Malvern","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"610-989-9090","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Subscription fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":33},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":59},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":2},"sources":{"adv1FilingDate":"24 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110750/PDF/110750.pdf","brochureDate":"23 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024047","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 CMG Capital Management Group have?","answer":"CMG Capital Management Group has 538 clients and manages $257 million for them, as of April 2026. They include 470 individual clients, 66 high-net-worth individuals and 2 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does CMG Capital Management Group offer?","answer":"CMG Capital Management Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, and publishing newsletters.","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 CMG Capital Management Group use?","answer":"CMG Capital Management Group’s separately managed account assets are held at Axos Advisor Services (Centennial, CO), with $126M and U.S. Bank (Milwaukee, WI), with $28.8M. 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 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does CMG Capital Management Group have?","answer":"CMG Capital Management Group has 2 investment adviser representatives registered with state securities authorities, out of 10 employees, and 8 perform investment advisory functions. 3 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 CMG Capital Management Group invest in?","answer":"At the end of its last fiscal year, CMG Capital Management Group’s separately managed accounts held 59% pooled vehicles (private funds and similar), 33% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents and 2% exchange-traded equities. It advises 2 private funds.","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 CMG Capital Management Group?","answer":"CMG Capital Management Group’s direct owners are Stephen Blumenthal (75% or more), Susan Blumenthal (5% to 10%) and Rory Riggs (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 24 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does CMG Capital Management Group get paid?","answer":"CMG Capital Management Group is paid through a percentage of assets under management and subscription 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 CMG Capital Management Group?","answer":"CMG Capital Management Group’s main office is at 75 Valley Stream Parkway, Suite 201, Malvern, PA 19355. Its phone number is 610-989-9090. Its website is cmgprivatewealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 April 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."}