{"url":"https://nivawealth.com/firms/collective-wealth-advisors-289157","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/289157","regulatoryAum":157005962,"crd":"289157","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1378351","suffix":null,"lastName":"BURNETTE","firstName":"CHEREE","middleName":"RAY"},{"crd":"5472256","suffix":"JR","lastName":"BURNETTE","firstName":"DOUGLAS","middleName":"GEORGE"},{"crd":"5184829","suffix":null,"lastName":"MAXWELL","firstName":"ROBERT","middleName":"SCOTT"},{"crd":"2360518","suffix":"JR","lastName":"NELSON","firstName":"DEWAYNE","middleName":"RAY"},{"crd":"3037041","suffix":"III","lastName":"NELSON","firstName":"DEWAYNE","middleName":"RAY"}],"total":5,"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":"2025-07-08","regulatoryAum":139765830,"clients":228,"employees":6,"offices":3},{"filedOn":"2026-07-08","regulatoryAum":157005962,"clients":224,"employees":7,"offices":3}],"secFileNumber":"801-133786","legalName":"Collective Wealth Advisors LLC","displayName":"Collective Wealth Advisors","slug":"collective-wealth-advisors-289157","website":"https://collectivewealthadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/289157/6aaffaa9e632a981-r1.webp","tone":"light","width":709,"height":200,"sourceUrl":"https://collectivewealthadvisors.com/","sourceLabel":"Collective Wealth Advisors LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/collectivewealthadvisors/about/","founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"713 Main Street","city":"Coppell","state":"TX","stateName":"Texas","country":"United States","postalCode":"75019"},"tradeNames":[],"registration":{"secApproved":"30 June 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Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051022","versionId":1051022,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-07-08","documentName":"FORM ADV PART 2A & 2B SEC","fee_rate_low":null,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"ERISA plan services","summary":"Annual ERISA plan fees are a percentage of included assets that will not exceed 1%, charged quarterly in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051022","versionId":1051022,"submittedOn":"2026-07-08","documentName":"FORM ADV PART 2A & 2B SEC"},{"role":"other","program":"Financial planning and consulting","summary":"Financial planning is charged as an hourly fee of $300 per hour or a flat fee between $500 and $5,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051022","versionId":1051022,"submittedOn":"2026-07-08","documentName":"FORM ADV PART 2A & 2B SEC"},{"role":"other","program":"Variable annuity and life management","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051022","versionId":1051022,"submittedOn":"2026-07-08","documentName":"FORM ADV PART 2A & 2B SEC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:50:34.194414+00:00","documents":[{"name":"FORM ADV PART 2A & 2B SEC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051022","versionId":1051022,"submittedOn":"2026-07-08"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":141100707}],"custodyNote":"Collective Wealth Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Dewayne Nelson","title":"Chief Compliance Officer","crd":"3037041"},{"name":"Dewayne Nelson","title":"Managing Member","crd":"3037041"}],"ownership":[{"label":"Dewayne Nelson","detail":"Managing member in the 75% or more ownership band and a control person, since February 2019. Also chief compliance officer in the 50% to 75% ownership band and a control person, since February 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Arizona","offices":1,"addresses":[{"street":"4742 N 24th Street","city":"Phoenix"}]},{"state":"Louisiana","offices":1,"addresses":[{"street":"4833 Ihles Road","city":"Lake Charles"}]},{"state":"Texas","offices":1,"addresses":[{"street":"713 Main Street","city":"Coppell","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"214-427-1427","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":6},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":88},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":2,"detail":"Certificates of Deposit"}],"privateFunds":0},"sources":{"adv1FilingDate":"8 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/289157/PDF/289157.pdf","brochureDate":"8 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051022","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 Collective Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Collective Wealth Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Collective Wealth Advisors charge?","answer":"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.","source":"FORM ADV PART 2A & 2B SEC, filed 8 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Collective Wealth Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Collective Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Collective Wealth Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Collective Wealth Advisors?","answer":"Collective Wealth Advisors’ direct owner is Dewayne Nelson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 8 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Collective Wealth Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Collective Wealth Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 8 July 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."}