{"url":"https://nivawealth.com/firms/cmg-wealth-advisors-340600","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/340600","regulatoryAum":138350338,"crd":"340600","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6752365","suffix":null,"lastName":"Curtis","firstName":"Shannon","middleName":"E"},{"crd":"1787912","suffix":null,"lastName":"EHLERS","firstName":"GREGORY","middleName":"TODD"},{"crd":"5587341","suffix":null,"lastName":"LAVENTURE","firstName":"JONATHAN","middleName":"PAUL"},{"crd":"1570825","suffix":null,"lastName":"SMITH","firstName":"ROSS","middleName":"ALAN"}],"total":4,"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"},"secFileNumber":"801-135516","legalName":"CMG Wealth Advisors LLC","displayName":"CMG Wealth Advisors","slug":"cmg-wealth-advisors-340600","website":"https://cmgwealthadvisors.com/","classification":{"segment":"individuals","segmentLabel":"Wealth 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HNW)","clients":1058,"regulatoryAum":138350338}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T18:14:49.912394+00:00","documents":[{"name":"CMG WEALTH ADVISORS LLC ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054850","versionId":1054850,"submittedOn":"2026-08-13"}]},"custodians":[{"name":"LPL Financial LLC","shortName":"LPL Financial","location":"Fort Mill, SC","smaAssets":59614473},{"name":"Commonwealth Equity Services, LLC","shortName":"Commonwealth Equity Services","location":"Waltham, MA","smaAssets":78735865}],"custodyNote":"CMG Wealth Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"David Panagrossi","title":"Chief Executive Officer","crd":"2317860"},{"name":"Mark Deangelis","title":"Chief Compliance Officer","crd":"2827088"},{"name":"Gregory Ehlers","title":"Chief Investment Officer","crd":"1787912"}],"ownership":[{"label":"Gregory Ehlers","detail":"Chief investment officer in the 75% or more ownership band and a control person, since January 2026."},{"label":"Greenwoods Financial Group Inc.","detail":"Owner in the 75% or more ownership band and a control person, since January 2026."},{"label":"William McDonald","detail":"Indirect owner: president of Greenwoods Financial Group Inc. and a control person, since July 2025.","parent":"Greenwoods Financial Group Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":1},"listedOfficeAddresses":4,"foreignOffices":[],"officesByState":[{"state":"Wisconsin","offices":4,"addresses":[{"street":"8020 Excelsior Drive Suite 100","city":"Madison","headquarters":true},{"street":"305 Doty Street","city":"Mineral Point"},{"street":"1833 Springdale Street","city":"Mount Horeb"},{"street":"1113 North Johns Street","city":"Dodgeville"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"608-897-9265","stateRegisteredReps":4,"otherAdviserReps":4,"compensation":["A percentage of assets under management"],"activities":["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":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":43},{"label":"Non-exchange-traded equity securities","percent":2},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":49},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":1,"detail":"Fee-Based Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"9 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/340600/PDF/340600.pdf","brochureDate":"13 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054850","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 Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does CMG Wealth Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does CMG Wealth Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does CMG Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does CMG Wealth Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns CMG Wealth Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does CMG Wealth Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact CMG Wealth Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 9 September 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."}