Course Management Investment Advisors provides portfolio management for individuals and small businesses.
Course Management Investment Advisors reports 161 clients. They include 130 individual clients, 30 high-net-worth individuals and 1 corporate or other business client. Of its assets, 100.0% ($100M across 324 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 45% |
| High-net-worth individuals | 19% | 55% |
| 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) | 130 | $44.9M | 44.7% | $345K |
| High-net-worth individuals | 30 | $55M | 54.8% | $1.83M |
| Corporations and other businesses | 1 | $420K | 0.4% | $420K |
| Total | 161 | $100M | 100% | $623K |
- Clients
- 130
- Regulatory AUM
- $44.9M
- AUM share
- 44.7%
- Avg. per client
- $345K
- Clients
- 30
- Regulatory AUM
- $55M
- AUM share
- 54.8%
- Avg. per client
- $1.83M
- Clients
- 1
- Regulatory AUM
- $420K
- AUM share
- 0.4%
- Avg. per client
- $420K
Total
- Clients
- 161
- Regulatory AUM
- $100M
- AUM share
- 100%
- Avg. per client
- $623K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Course Management Investment Advisors charges 0.80%–1.50% a year for its Portfolio Management Fees. The fee is billed in advance and is negotiable.
Fee details and sources
Albert Chen owns 50% to 75% of Course Management Investment Advisors. The leadership team of Course Management Investment Advisors includes Chief Compliance Officer Michael Bucceri. It has 4 employees, 3 of them in advisory roles.
Leadership
- Michael BucceriChief Compliance Officer
- Albert ChenFounder
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 broker-dealer rep
- Owns 50% to 75% of Course Management Investment Advisors, LLC
Albert Chen
Control person · since October 2019
- Owns 50% to 75% of Course Management Investment Advisors, LLC
Michael Bucceri
Control person · since April 2020
Besides its headquarters, Course Management Investment Advisors has 0 offices, with 1 listed address in North Carolina.
North Carolina · 1 listed address
- 5 Dowd Cir, Suite B, PinehurstHQ
Contact and registration details
- Legal name
- Course Management Investment Advisors, LLC
- Headquarters
- 5 Dowd Cir, Suite B, Pinehurst, NC 28374
- Website
- cmiallc.com
- Phone
- 910-621-3371
- SEC file
- 801-135570
- Structure
- North Carolina LLC
- Fiscal year end
- December
Course Management Investment Advisors uses Charles Schwab ($100M) as custodian for its separately managed accounts. Course Management Investment Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $100M100%
At year end, Course Management Investment Advisors’ separately managed accounts were largely in stocks (30%) and funds (20%).
What the accounts hold
- Stocks30%
- Funds20%
- Registered funds15%
- Pooled vehicles5%
- Bonds4%
- U.S. government and agency bonds2%
- State and local bonds2%
- Cash10%
- Other36%
- Structured notes, reits, and private placements36%
How many clients does Course Management Investment Advisors have?
Course Management Investment Advisors has 161 clients and manages $100 million for them, as of May 2026. They include 130 individual clients, 30 high-net-worth individuals and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 May 2026
What services does Course Management Investment Advisors offer?
Course Management Investment Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Course Management Investment Advisors charge?
Course Management Investment Advisors charges 0.80%–1.50% a year for its Portfolio Management Fees. The fee is billed in advance and is negotiable.
Source: COURSE MANAGEMENT INVESTMENT ADVISORS 2A, filed 14 May 2026
Which custodians does Course Management Investment Advisors use?
Course Management Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $100M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 May 2026
How many financial advisors does Course Management Investment Advisors have?
Course Management Investment Advisors has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 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 Course Management Investment Advisors invest in?
At the end of its last fiscal year, Course Management Investment Advisors’ separately managed accounts held 36% other, 30% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 5% pooled vehicles (private funds and similar), 2% U.S. government and agency bonds and 2% state and local bonds. The 36% other category is described as: Structured Notes, Reits, and Private Placements.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Course Management Investment Advisors?
Course Management Investment Advisors’ direct owners are Albert Chen (50% to 75%) and Michael Bucceri (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 14 May 2026
How does Course Management Investment Advisors get paid?
Course Management Investment 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 Course Management Investment Advisors?
Course Management Investment Advisors’ main office is at 5 Dowd Cir, Suite B, Pinehurst, NC 28374. Its phone number is 910-621-3371. Its website is cmiallc.com.