{"url":"https://nivawealth.com/firms/course-management-investment-advisors-306974","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/306974","regulatoryAum":100326180,"crd":"306974","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1970612","suffix":null,"lastName":"BUCCERI","firstName":"MICHAEL","middleName":"SALVATORE"},{"crd":"5996821","suffix":null,"lastName":"CHEN","firstName":"ALBERT","middleName":null},{"crd":"6628512","suffix":null,"lastName":"Lynam","firstName":"Douglas","middleName":"Edward"},{"crd":"4955621","suffix":null,"lastName":"MACINTOSH","firstName":"BRIAN","middleName":null}],"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":"801-135570","legalName":"Course Management Investment Advisors, LLC","displayName":"Course Management Investment 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2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"5 Dowd Cir, Suite B","city":"Pinehurst","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"910-621-3371","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":30},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":15},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":5},{"label":"Cash and cash equivalents","percent":10},{"label":"Other","percent":36,"detail":"Structured Notes, Reits, and Private Placements"}],"privateFunds":0},"sources":{"adv1FilingDate":"14 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/306974/PDF/306974.pdf","brochureDate":"14 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1045156","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 Course Management Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Course Management Investment Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Course Management Investment Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Course Management Investment Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Course Management Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Course Management Investment Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Course Management Investment Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Course Management Investment Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Course Management Investment Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 14 May 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."}