Cumberland Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and market timing. Financial planning was provided to 11–25 clients last fiscal year.
Cumberland Advisors reports 1,236 clients. They include 885 individual clients, 206 high-net-worth individuals and 106 other clients. Of its assets, 99.7% ($3.21B across 2,336 accounts) are managed with discretion; $8.75M across 13 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.5B. Of its clients, 1% are outside the U.S. It advised 1,236 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 31% |
| High-net-worth individuals | 17% | 22% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | <1% | 2% |
| Charitable organizations | <1% | 2% |
| Other client typesState or municipal government entities; Insurance companies; Corporations and other businesses; Other | 10% | 43% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 885 | $993M | 30.9% | $1.12M |
| High-net-worth individuals | 206 | $718M | 22.3% | $3.49M |
| Pooled investment vehicles | 1 | $2.67M | 0.1% | $2.67M |
| Pension and profit-sharing plans | 8 | $50.1M | 1.6% | $6.26M |
| Charitable organizations | 11 | $65.4M | 2.0% | $5.94M |
| State or municipal government entities | 5 | $65.6M | 2.0% | $13.1M |
| Insurance companies | Fewer than 5 | $4.08M | 0.1% | $4.08M |
| Corporations and other businesses | 13 | $141M | 4.4% | $10.9M |
| Other | 106 | $1.18B | 36.6% | $11.1M |
| Total | 1,236 | $3.22B | 100% | — |
- Clients
- 885
- Regulatory AUM
- $993M
- AUM share
- 30.9%
- Avg. per client
- $1.12M
- Clients
- 206
- Regulatory AUM
- $718M
- AUM share
- 22.3%
- Avg. per client
- $3.49M
- Clients
- 1
- Regulatory AUM
- $2.67M
- AUM share
- 0.1%
- Avg. per client
- $2.67M
- Clients
- 8
- Regulatory AUM
- $50.1M
- AUM share
- 1.6%
- Avg. per client
- $6.26M
- Clients
- 11
- Regulatory AUM
- $65.4M
- AUM share
- 2.0%
- Avg. per client
- $5.94M
- Clients
- 5
- Regulatory AUM
- $65.6M
- AUM share
- 2.0%
- Avg. per client
- $13.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.08M
- AUM share
- 0.1%
- Avg. per client
- $4.08M
- Clients
- 13
- Regulatory AUM
- $141M
- AUM share
- 4.4%
- Avg. per client
- $10.9M
- Clients
- 106
- Regulatory AUM
- $1.18B
- AUM share
- 36.6%
- Avg. per client
- $11.1M
Total
- Clients
- 1,236
- Regulatory AUM
- $3.22B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 1,236
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Cumberland Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other compensation; its fees and minimums are set out in its brochures on the SEC website.
Mid Penn Bancorp, Inc. owns 75% or more of Cumberland Advisors. The leadership team of Cumberland Advisors includes President Matthew McAleer, Chief Investment Officer John Mousseau and Chief Operating Officer Mark Myers. It has 36 employees, 18 of them in advisory roles.
Staff
- 36 employees
- 18 in advisory functions
- 18 state-registered reps
- Owns 75% or more of Cumberland Advisors, LLC
Mid Penn Bancorp, Inc.
Control person · since January 2026
Cumberland Advisors’ regulatory assets fell from $3.96B (July 2021) to $3.22B (February 2026); clients fell from 2,853 to 1,236 and employees from 41 to 36.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $3.22B | 1,236 | 36 | 1 |
| Apr 2025April 2025 | $3.35B | 2,064 | 44 | 1 |
| Mar 2024March 2024 | $3.42B | 2,125 | 44 | 1 |
| Mar 2023March 2023 | $3.38B | 2,911 | 45 | 2 |
| Mar 2022March 2022 | $4.08B | 2,513 | 45 | 2 |
| Jul 2021July 2021 | $3.96B | 2,853 | 41 | 2 |
Besides its headquarters, Cumberland Advisors has 0 offices, with 1 listed address in 1 state.
Florida · 1 listed address
- 1 South School Avenue, Suite 900, SarasotaHQ
Contact and registration details
- Legal name
- Cumberland Advisors, LLC
- Headquarters
- 1 South School Avenue, Suite 900, Sarasota, FL 34237
- Website
- cumber.com
- Phone
- 800-257-7013
- @cumberlandadv
- SEC file
- 801-55344
- Structure
- Florida LLC
- Fiscal year end
- December
Cumberland Advisors’ named custodians for separately managed accounts include Morgan Stanley ($740M, 27%), Charles Schwab ($555M, 20%) and Fidelity ($522M, 19%). Cumberland Advisors does not have custody of client assets.
- Morgan StanleyMorgan Stanley Smith Barney LLC · Purchase, NY · $740M27%
- U.S. Bancorp InvestmentsU.S. Bancorp Investments, Inc. · St. Paul, MN · $492M18%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $522M19%
- PershingPershing LLC · Jersey City, NJ · $450M16%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $555M20%
At year end, Cumberland Advisors’ separately managed accounts were mostly in bonds (80%) and stocks (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $284M across 49 positions; the largest are State Str SPDR S&P 500 ETF T (21.9%), State Str SPDR S&P Midcap 40 (10.5%) and SPDR Series Trust (7.3%).
What the accounts hold
- Stocks17%
- Funds1%
- Bonds80%
- State and local bonds64%
- U.S. government and agency bonds11%
- Investment grade corporate bonds5%
- Cash2%
How many clients does Cumberland Advisors have?
Cumberland Advisors has 1,236 clients and manages $3.22 billion for them, as of February 2026. They include 885 individual clients, 206 high-net-worth individuals and 106 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 February 2026
What services does Cumberland Advisors offer?
Cumberland Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and market timing.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cumberland Advisors use?
Cumberland Advisors’ separately managed account assets are held at Morgan Stanley Smith Barney LLC (Purchase, NY), with $740M, Charles Schwab & Co., Inc. (San Francisco, CA), with $555M, Fidelity Brokerage Services LLC (Smithfield, RI), with $522M, U.S. Bancorp Investments, Inc. (St. Paul, MN), with $492M and Pershing LLC (Jersey City, NJ), with $450M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 February 2026
How many financial advisors does Cumberland Advisors have?
Cumberland Advisors has 18 investment adviser representatives registered with state securities authorities, out of 36 employees, and 18 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 Cumberland Advisors invest in?
At the end of its last fiscal year, Cumberland Advisors’ separately managed accounts held 64% state and local bonds, 17% exchange-traded equities, 11% U.S. government and agency bonds, 5% investment grade corporate bonds, 2% cash and equivalents and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cumberland Advisors?
Cumberland Advisors’ direct owner is Mid Penn Bancorp, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 February 2026
How does Cumberland Advisors get paid?
Cumberland Advisors is paid through a percentage of assets under management, fixed fees and other compensation. 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 Cumberland Advisors?
Cumberland Advisors’ main office is at 1 South School Avenue, Suite 900, Sarasota, FL 34237. Its phone number is 800-257-7013. Its website is cumber.com.