CMH Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
CMH Wealth Management reports 326 clients. They include 193 high-net-worth individuals, 116 individual clients and 12 charitable organizations. Of its assets, 100.0% ($813M across 704 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 6% |
| High-net-worth individuals | 59% | 90% |
| Charitable organizations | 4% | 1% |
| Corporations and other businesses | 2% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 116 | $51.4M | 6.3% | $443K |
| High-net-worth individuals | 193 | $732M | 90.0% | $3.79M |
| Charitable organizations | 12 | $9.82M | 1.2% | $818K |
| Corporations and other businesses | 5 | $19.8M | 2.4% | $3.96M |
| Total | 326 | $813M | 100% | $2.49M |
- Clients
- 116
- Regulatory AUM
- $51.4M
- AUM share
- 6.3%
- Avg. per client
- $443K
- Clients
- 193
- Regulatory AUM
- $732M
- AUM share
- 90.0%
- Avg. per client
- $3.79M
- Clients
- 12
- Regulatory AUM
- $9.82M
- AUM share
- 1.2%
- Avg. per client
- $818K
- Clients
- 5
- Regulatory AUM
- $19.8M
- AUM share
- 2.4%
- Avg. per client
- $3.96M
Total
- Clients
- 326
- Regulatory AUM
- $813M
- AUM share
- 100%
- Avg. per client
- $2.49M
- 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
- 251–500
CMH Wealth Management charges 0.40%–1.20% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $8,000 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.20% |
| $1M–$3M | 0.90% |
| $3M–$6M | 0.70% |
| $6M–$10M | 0.50% |
| $10M and above | 0.40% |
Fee details and sources
Brian Carolan owns 50% to 75% of CMH Wealth Management. The leadership team of CMH Wealth Management includes Chief Investment Officer Brian Carolan, Chief Financial Officer Karen McCloskey and Chief Compliance Officer Kristen Hanley. It has 9 employees, 7 of them in advisory roles.
Leadership
- Karen McCloskeyPrincipal, Chief Financial Officer, and Wealth Advisor
- Kristen HanleyChief Compliance Officer and Portfolio Manager
- Brian CarolanPrincipal and Co-Chief Investment Officer
- John FredetteCo-Chief Investment Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Rachael E Bator
Staff
- 9 employees
- 7 in advisory functions
- 6 state-registered reps
- Owns 50% to 75% of CMH Wealth Management, LLC
Brian Carolan
Control person · since May 2009
- Owns 50% to 75% of CMH Wealth Management, LLC
Karen McCloskey
Control person · since May 2009
CMH Wealth Management’s regulatory assets grew from $560M (July 2021) to $813M (May 2026); clients rose from 182 to 326 and employees from 7 to 9. In 2026, Creegan & Nassoura Financial Group ($282M in its last filing) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $813M | 326 | 9 | 3 |
| May 2025 | $774M | 317 | 8 | 3 |
| July 2024 | $695M | 282 | 7 | 2 |
| August 2023 | $556M | 256 | 7 | 2 |
| March 2022 | $617M | 228 | 7 | 1 |
| July 2021 | $560M | 182 | 7 | 1 |
Firms that joined
20261 joined
- Creegan & Nassoura Financial GroupLast filed AUM $282M
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, CMH Wealth Management has 2 offices (2 private residences, listed without an address), with 1 listed address in New Hampshire.
New Hampshire · 1 listed address
- 100 Market Street, Suite 201, PortsmouthHQ
Contact and registration details
- Legal name
- CMH Wealth Management, LLC
- Headquarters
- 100 Market Street, Suite 201, Portsmouth, NH 03801
- Website
- cmhwealth.com
- Phone
- 603-379-8161
- @cmh-wealth-management-llc
- SEC file
- 801-70154
- Founded
- 2009
- Structure
- New Hampshire LLC
- Fiscal year end
- December
CMH Wealth Management uses Charles Schwab ($813M) as custodian for its separately managed accounts. CMH Wealth Management has custody of $338M in client assets for 137 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $813M100%
At year end, CMH Wealth Management’s separately managed accounts were mostly in stocks (59%) and bonds (30%). Its reported 13F holdings for the quarter ended 30 June 2026 total $655M across 117 positions; the largest are Alphabet Inc. (4.8%), Microsoft Corp. (4.2%) and J P Morgan Exchange Traded F (4.1%).
What the accounts hold
- Stocks59%
- Funds10%
- Bonds30%
- Investment grade corporate bonds25%
- U.S. government and agency bonds4%
- State and local bonds1%
- Cash2%
Reported 13F holdings
- $655M
- Reported 13F value
- 117
- Positions
- 35.7%
- In the 10 largest
- +12.5%
- Value vs. prior quarter
- Alphabet Inc. · Cap Stk CL A4.8%
- Microsoft Corp.4.2%
- J P Morgan Exchange Traded F · Acti High YI ETF4.1%
- Apple Inc.3.8%
- T Rowe Price Exchange-traded · Small Mid Cap3.5%
- Mfs Active Exchange Traded F · Internatinl ETF3.3%
- Amazon Com Inc.3.3%
- Vanguard World FD · Financials ETF3.0%
- Palo Alto Networks Inc.3.0%
- Eli Lilly & CO2.6%
Together, the ten largest are 35.7% of reported value.
How many clients does CMH Wealth Management have?
CMH Wealth Management has 326 clients and manages $813 million for them, as of May 2026. They include 193 high-net-worth individuals, 116 individual clients and 12 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 May 2026
What services does CMH Wealth Management offer?
CMH Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, philanthropic planning, retirement plan services, 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 CMH Wealth Management charge?
CMH Wealth Management charges 0.40%–1.20% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $8,000 annual minimum.
Source: 02 18 2026 CMH FORM ADV PART 2A FINAL, filed 18 February 2026
Which custodians does CMH Wealth Management use?
CMH Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $813M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 May 2026
How many financial advisors does CMH Wealth Management have?
CMH Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 9 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 CMH Wealth Management invest in?
At the end of its last fiscal year, CMH Wealth Management’s separately managed accounts held 59% exchange-traded equities, 25% investment grade corporate bonds, 10% registered funds (mutual funds, ETFs, BDCs), 4% U.S. government and agency bonds, 2% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns CMH Wealth Management?
CMH Wealth Management’s direct owners are Brian Carolan (50% to 75%) and Karen McCloskey (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 May 2026
How does CMH Wealth Management get paid?
CMH Wealth Management is paid through a percentage of assets under management and fixed 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
Is CMH Wealth Management registered with the SEC?
Yes, CMH Wealth Management has been registered with the SEC as an investment adviser since 30 April 2009. Its CRD number is 150138 and its SEC file number is 801-70154.
Source: Form ADV Part 1A, Item 1, filed 19 May 2026; IAPD firm record
How do I contact CMH Wealth Management?
CMH Wealth Management’s main office is at 100 Market Street, Suite 201, Portsmouth, NH 03801. Its phone number is 603-379-8161. Its website is cmhwealth.com.