CMG Wealth Advisors provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
CMG Wealth Advisors reports 1,058 individuals. Of its assets, 100.0% ($138M across 1,747 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $277M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,058 | $138M | 100.0% | $131K |
| Total | 1,058 | $138M | 100% | $131K |
- Clients
- 1,058
- Regulatory AUM
- $138M
- AUM share
- 100.0%
- Avg. per client
- $131K
Total
- Clients
- 1,058
- Regulatory AUM
- $138M
- AUM share
- 100%
- Avg. per client
- $131K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
CMG Wealth Advisors is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Gregory Ehlers owns 75% or more of CMG Wealth Advisors. David Panagrossi is CEO; the leadership team includes Chief Investment Officer Gregory Ehlers and Chief Compliance Officer Mark Deangelis. It has 5 employees, 3 of them in advisory roles.
Leadership
- David PanagrossiChief Executive Officer
- Mark DeangelisChief Compliance Officer
- Gregory EhlersChief Investment Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 4 state-registered reps
- 5 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of CMG Wealth Advisors LLC
Gregory Ehlers
Control person · since January 2026
- Owns 75% or more of CMG Wealth Advisors LLC
Greenwoods Financial Group Inc.
Control person · since January 2026
William McDonald
President · Control person · since July 2025
Besides its headquarters, CMG Wealth Advisors has 4 offices (1 private residence, listed without an address), with 4 listed addresses in Wisconsin.
Wisconsin · 4 listed addresses
- 8020 Excelsior Drive Suite 100, MadisonHQ
- 305 Doty Street, Mineral Point
- 1833 Springdale Street, Mount Horeb
- 1113 North Johns Street, Dodgeville
Other business names
CMG Wealth Advisors has reported 1 other business name to the SEC.
- CMG Wealth
Contact and registration details
- Legal name
- CMG Wealth Advisors LLC
- Headquarters
- 8020 Excelsior Drive Suite 100, Madison, WI 53717
- Website
- cmgwealthadvisors.com
- Phone
- 608-897-9265
- SEC file
- 801-135516
- Structure
- Nevada LLC
- Fiscal year end
- December
CMG Wealth Advisors uses Commonwealth Equity Services ($78.7M, 57%) and LPL Financial ($59.6M, 43%) as custodians for its separately managed accounts. CMG Wealth Advisors does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $59.6M43%
- Commonwealth Equity ServicesCommonwealth Equity Services, LLC · Waltham, MA · $78.7M57%
At year end, CMG Wealth Advisors’ separately managed accounts were largely in funds (49%) and stocks (45%).
What the accounts hold
- Stocks45%
- Exchange-traded equities43%
- Non-exchange-traded equities2%
- Funds49%
- Bonds2%
- Cash4%
- Other1%
- Fee-based annuities1%
How many clients does CMG Wealth Advisors have?
CMG Wealth Advisors has 1,058 clients and manages $138 million for them, as of September 2026. They include 1,058 individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 September 2026
What services does CMG Wealth Advisors offer?
CMG Wealth Advisors provides 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
Which custodians does CMG Wealth Advisors use?
CMG Wealth Advisors’ separately managed account assets are held at Commonwealth Equity Services, LLC (Waltham, MA), with $78.7M and LPL Financial LLC (Fort Mill, SC), with $59.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 September 2026
How many financial advisors does CMG Wealth Advisors have?
CMG Wealth Advisors has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 5 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 CMG Wealth Advisors invest in?
At the end of its last fiscal year, CMG Wealth Advisors’ separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 43% exchange-traded equities, 4% cash and equivalents, 2% non-exchange-traded equities, 2% investment grade corporate bonds and 1% other. The 1% other category is described as: Fee-Based Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns CMG Wealth Advisors?
CMG Wealth Advisors’ direct owners are Gregory Ehlers (75% or more) and Greenwoods Financial Group Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 9 September 2026
How does CMG Wealth Advisors get paid?
CMG Wealth Advisors is paid through a percentage of assets under management. 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
How do I contact CMG Wealth Advisors?
CMG Wealth Advisors’ main office is at 8020 Excelsior Drive Suite 100, Madison, WI 53717. Its phone number is 608-897-9265. Its website is cmgwealthadvisors.com.