Collective Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Collective Wealth Advisors reports 224 clients. They include 183 individual clients, 39 high-net-worth individuals and 1 charitable organization. Of its assets, 98.7% ($155M across 544 accounts) are managed with discretion; $1.99M across 5 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 40% |
| High-net-worth individuals | 17% | 59% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 183 | $62.7M | 40.0% | $343K |
| High-net-worth individuals | 39 | $93.2M | 59.4% | $2.39M |
| Charitable organizations | 1 | $36.7K | 0.0% | $36.7K |
| Corporations and other businesses | 1 | $1.05M | 0.7% | $1.05M |
| Total | 224 | $157M | 100% | $701K |
- Clients
- 183
- Regulatory AUM
- $62.7M
- AUM share
- 40.0%
- Avg. per client
- $343K
- Clients
- 39
- Regulatory AUM
- $93.2M
- AUM share
- 59.4%
- Avg. per client
- $2.39M
- Clients
- 1
- Regulatory AUM
- $36.7K
- AUM share
- 0.0%
- Avg. per client
- $36.7K
- Clients
- 1
- Regulatory AUM
- $1.05M
- AUM share
- 0.7%
- Avg. per client
- $1.05M
Total
- Clients
- 224
- Regulatory AUM
- $157M
- AUM share
- 100%
- Avg. per client
- $701K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Collective Wealth Advisors charges up to 1.50% for its Asset Management. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- ERISA plan services
- Annual ERISA plan fees are a percentage of included assets that will not exceed 1%, charged quarterly in advance.
- Financial planning and consulting
- Financial planning is charged as an hourly fee of $300 per hour or a flat fee between $500 and $5,000.
- Variable annuity and life management
- Fees for managing variable annuity and variable life products are a percentage of assets managed, not to exceed 1.5% annually, billed quarterly in arrears.
Dewayne Nelson owns 75% or more of Collective Wealth Advisors. The leadership team of Collective Wealth Advisors includes Chief Compliance Officer Dewayne Nelson. It has 7 employees, 5 of them in advisory roles.
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- 1 insurance agent
- Owns 75% or more of Collective Wealth Advisors LLC
Dewayne Nelson
Control person · since February 2019
Collective Wealth Advisors’ regulatory assets grew from $140M (July 2025) to $157M (July 2026); clients were 224 in both filings and employees rose from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $157M | 224 | 7 | 3 |
| Jul 2025July 2025 | $140M | 228 | 6 | 3 |
Besides its headquarters, Collective Wealth Advisors has 2 offices, with 3 listed addresses across 3 states.
Arizona · 1 listed address
- 4742 N 24th Street, Phoenix
Louisiana · 1 listed address
- 4833 Ihles Road, Lake Charles
Texas · 1 listed address
- 713 Main Street, CoppellHQ
Contact and registration details
- Legal name
- Collective Wealth Advisors LLC
- Headquarters
- 713 Main Street, Coppell, TX 75019
- Website
- collectivewealthadvisors.com
- Phone
- 214-427-1427
- @collectivewealthadvisors
- SEC file
- 801-133786
- Structure
- Texas LLC
- Fiscal year end
- December
Collective Wealth Advisors’ named custodian for separately managed accounts is Charles Schwab ($141M). Collective Wealth Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $141M100%
At year end, Collective Wealth Advisors’ separately managed accounts were mostly in funds (88%).
What the accounts hold
- Stocks6%
- Funds88%
- Bonds3%
- State and local bonds2%
- U.S. government and agency bonds1%
- Cash1%
- Other2%
- Certificates of deposit2%
How many clients does Collective Wealth Advisors have?
Collective Wealth Advisors has 224 clients and manages $157 million for them, as of July 2026. They include 183 individual clients, 39 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 8 July 2026
What services does Collective Wealth Advisors offer?
Collective Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Collective Wealth Advisors charge?
Collective Wealth Advisors charges up to 1.50% for its Asset Management. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Which custodians does Collective Wealth Advisors use?
Collective Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $141M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 8 July 2026
How many financial advisors does Collective Wealth Advisors have?
Collective Wealth Advisors has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. 0 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
What does Collective Wealth Advisors invest in?
At the end of its last fiscal year, Collective Wealth Advisors’ separately managed accounts held 88% registered funds (mutual funds, ETFs, BDCs), 6% exchange-traded equities, 2% state and local bonds, 2% other, 1% U.S. government and agency bonds and 1% cash and equivalents. The 2% other category is described as: Certificates of Deposit.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Collective Wealth Advisors?
Collective Wealth Advisors’ direct owner is Dewayne Nelson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 8 July 2026
How does Collective Wealth Advisors get paid?
Collective Wealth Advisors is paid through a percentage of assets under management, hourly charges 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
How do I contact Collective Wealth Advisors?
Collective Wealth Advisors’ main office is at 713 Main Street, Coppell, TX 75019. Its phone number is 214-427-1427. Its website is collectivewealthadvisors.com.