Clients
CW Advisors serves 6,542 clients, 3,257 of them high-net-worth individuals. The average client has about $2.3 million with the firm, and high-net-worth clients hold 85% of its $15.2 billion in assets.
- Individuals3,169 clients9%
- High-net-worth individuals3,257 clients85%
- OtherBanking or thrift institutions, Pooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, Other investment advisers, Corporations and other businesses5%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 3,169 | $1,428,456,249 | 9.4% | $451K |
| High-net-worth individuals | 3,257 | $12,973,056,427 | 85.2% | $3.98M |
| Banking or thrift institutions | Not reported | $918,835 | 0.0% | — |
| Pooled investment vehicles | 1 | $33,018,465 | 0.2% | $33.0M |
| Pension and profit-sharing plans | 61 | $294,672,217 | 1.9% | $4.83M |
| Charitable organizations | 24 | $41,511,336 | 0.3% | $1.73M |
| Other investment advisers | 7 | $303,625,775 | 2.0% | $43.4M |
| Corporations and other businesses | 23 | $149,267,975 | 1.0% | $6.49M |
| Total | 6,542 | $15,224,527,279 | 100% | $2.33M |
- Clients
- 3,169
- Regulatory AUM
- $1,428,456,249
- Share
- 9.4%
- Avg. per client
- $451K
- Clients
- 3,257
- Regulatory AUM
- $12,973,056,427
- Share
- 85.2%
- Avg. per client
- $3.98M
- Clients
- Not reported
- Regulatory AUM
- $918,835
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 1
- Regulatory AUM
- $33,018,465
- Share
- 0.2%
- Avg. per client
- $33.0M
- Clients
- 61
- Regulatory AUM
- $294,672,217
- Share
- 1.9%
- Avg. per client
- $4.83M
- Clients
- 24
- Regulatory AUM
- $41,511,336
- Share
- 0.3%
- Avg. per client
- $1.73M
- Clients
- 7
- Regulatory AUM
- $303,625,775
- Share
- 2.0%
- Avg. per client
- $43.4M
- Clients
- 23
- Regulatory AUM
- $149,267,975
- Share
- 1.0%
- Avg. per client
- $6.49M
Total
- Clients
- 6,542
- Regulatory AUM
- $15,224,527,279
- Share
- 100%
- Avg. per client
- $2.33M
What it does
CW Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets, hourly charges and fixed fees.
CW Advisors provided financial planning to 6,550 clients last fiscal year and advises 4 private funds.
97.1% of assets ($14.79B across 22,815 accounts) are managed with discretion; $437.7M across 941 accounts are not. $520.5M sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 47 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks53%
- Exchange-traded equities52%
- Non-exchange-traded equities1%
- Funds33%
- Registered funds31%
- Pooled vehicles2%
- Bonds7%
- U.S. government and agency bonds3%
- Investment grade corporate bonds3%
- State and local bonds1%
- Cash6%
- Other1%
- Alternative investments1%
Custodians
CW Advisors’ client accounts are held mainly at Fidelity, with 50% of managed assets, and Charles Schwab, with 43%. CW Advisors has custody of $5.20B for 2,287 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $7.64B50%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $6.61B43%
- All other custodians$967.8M6%
Ownership and leadership
Congress Buyer, Inc. owns 75% or more of CW Advisors, and Scott Dell'Orfano is its CEO.
- Owns 75% or more of CW Advisors, LLC
Congress Buyer, Inc.
Control person · since June 2023
- Owns 75% or more of Congress Buyer, Inc.
Congress Intermediate, Inc.
Control person · since June 2023
- Owns 75% or more of Congress Intermediate, Inc.
Congress Parent, Inc.
Control person · since June 2023
- Owns 75% or more of Congress Parent, Inc.
Osaic Holdings, Inc.
Control person · since August 2025
- Owns 75% or more of Osaic Holdings, Inc.
Ag Parent Corp.
Control person · since August 2025
- Owns 75% or more of Ag Parent Corp.
Osaic Financial Services, Inc.
Control person · since August 2025
- Owns 75% or more of Osaic Financial Services, Inc.
Ag Intermediate Corp.
Control person · since August 2025
- Owns 75% or more of Ag Intermediate Corp.
Ag Artemis Holdings, L.P.
Control person · since August 2025
- Owns 25% to 50% of Ag Artemis Holdings, L.P.
RCP Artemis Co-Invest, L.P.
Control person · since August 2019
RCP Artemis Co-Invest GP LLC
General partner · Control person · since May 2019
- Owns 25% to 50% of Ag Artemis Holdings, L.P.
Reverence Capital Partners Olympus CV LP
Control person · since April 2026
- Owns 25% to 50% of Reverence Capital Partners Olympus CV LP
Ares Secondaries Acquisition Vehicle 24 Olympus LP
Control person · since April 2026
- Owns 50% to 75% of Ares Secondaries Acquisition Vehicle 24 Olympus LP
NCL Investments IV LP Outside Opportunities Series A
Control person · since January 2026
- Owns 75% or more of NCL Investments IV LP Outside Opportunities Series A
Treasurer of the State of North Carolina
Control person · since October 2024
NCL Fund IV GP LP
General partner · Control person · since September 2024
Ares Private Equity Secondaries I Management LP
General partner · Control person · since January 2026
RCP Olympus CV GP LP
General partner · Control person · since January 2026
Ag Artemis Holdings GP, LLC
General partner · Control person · since May 2019
Leadership
- Scott Dell'OrfanoChief Executive Officer
- Richard VilliottePresident, Chief Operating Officer
- Kenneth ZannoniPresident and Chief Wealth Officer
- Erin WendellChief Financial Officer
- Candace CavalierChief Compliance Officer and General Counsel
Staff
- 152 employees
- 89 in advisory functions
- 81 state-registered reps
- 6 insurance agents
- 20 soliciting firms
Fees
CW Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
CW Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, CW Advisors has 24 offices, with 25 listed addresses across 12 states.
Pennsylvania · 6 listed addresses
- 1 South Sugan Road, New Hope
- 308 E. Lancaster Ave., Wynnewood
- 74 West Broad Street, Bethlehem
- 6425 Living Place, Pittsburgh
- 31 North Main Street, New Hope
- 175 Strafford Avenue, Wayne
Massachusetts · 3 listed addresses
- 155 Seaport BLVD, 3rd Floor, BostonHQ
- 400 Crown Colony Drive, Quincy
- 271 Waverley Oaks Road, Waltham
Arizona · 2 listed addresses
- 15169 North Scottsdale Road, Scottsdale
- 1 N McDonald, Mesa
California · 2 listed addresses
- 6639 Bay Laurel Place, Avila Beach
- 2601 Airport DR., Torrance
Maryland · 2 listed addresses
- 4328 Montgomery Avenue, Bethesda
- 6345 Woodside Court, Columbia
New Jersey · 2 listed addresses
- 37 Stonehouse Road, Basking Ridge
- 3625 Quakerbridge RD, Hamilton Township
North Carolina · 2 listed addresses
- 600 Park Offices Drive, Durham
- 3540 Toringdon Way, Charlotte
Virginia · 2 listed addresses
- 1806 Summit Avenue, Richmond
- 3120 Fairview Park DR., Falls Church
Connecticut · 1 listed address
- 8 Wright Street, Westport
Florida · 1 listed address
- 9155 South Dadeland Boulevard, Miami
Illinois · 1 listed address
- 111 West Jackson Boulevard, Chicago
Utah · 1 listed address
- 2801 N Thanksgiving Way, Lehi
Registration details
- Legal name
- CW Advisors, LLC
- Headquarters
- 155 Seaport BLVD, 3rd Floor, Boston, MA 02210
- Phone
- 617-428-7600
- Website
- www.cwadvisorsgroup.com
- SEC file
- 801-119667
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does CW Advisors have?
CW Advisors has 6,542 clients and manages $15.2 billion for them, as of August 2026. They include 3,257 high-net-worth individuals, 3,169 other individuals and 61 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does CW Advisors offer?
CW Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does CW Advisors use?
CW Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $7,643,245,403 and Charles Schwab & Co., Inc. (San Francisco, CA), with $6,613,450,367. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does CW Advisors have?
CW Advisors has 81 investment adviser representatives registered with state securities authorities, out of 152 employees, and 89 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 6 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 CW Advisors invest in?
At the end of its last fiscal year, CW Advisors’ separately managed accounts held 52% exchange-traded equities, 31% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents, 3% U.S. government and agency bonds, 3% investment grade corporate bonds, 2% pooled vehicles (private funds and similar), 1% non-exchange-traded equities, 1% state and local bonds and 1% alternative investments. It advises 4 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns CW Advisors?
CW Advisors is owned through a chain of holding companies by Treasurer of the State of North Carolina. Its direct owner is Congress Buyer, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does CW Advisors get paid?
CW 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