{"url":"https://nivawealth.com/firms/cw-advisors-310873","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/310873","regulatoryAum":15224527279,"crd":"310873","secFileNumber":"801-119667","legalName":"CW Advisors, LLC","displayName":"CW Advisors","website":"https://www.cwadvisorsgroup.com/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"155 Seaport BLVD, 3rd Floor","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02210"},"tradeNames":[],"registration":{"secApproved":"21 October 2020","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":152,"advisory":89,"brokerDealerReps":0,"insuranceAgents":6,"promoters":20},"aum":{"discretionary":14786804899,"discretionaryAccounts":22815,"nonDiscretionary":437722380,"nonDiscretionaryAccounts":941,"wrapProgram":520540870,"nonUsClientsPct":1,"nonAumClients":47},"clientTypes":[{"label":"Individuals (other than HNW)","clients":3169,"regulatoryAum":1428456249},{"label":"High-net-worth individuals","clients":3257,"regulatoryAum":12973056427},{"label":"Banking or thrift institutions","clients":null,"regulatoryAum":918835},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":33018465},{"label":"Pension and profit-sharing plans","clients":61,"regulatoryAum":294672217},{"label":"Charitable organizations","clients":24,"regulatoryAum":41511336},{"label":"Other investment advisers","clients":7,"regulatoryAum":303625775},{"label":"Corporations and other businesses","clients":23,"regulatoryAum":149267975}],"fees":[],"feeNotes":[],"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":7643245403},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":6613450367}],"custodyNote":"CW Advisors has custody of $5.20B for 2,287 clients.","otherCustodians":[],"leadership":[{"name":"Scott Dell'Orfano","title":"Chief Executive Officer","crd":"2126534"},{"name":"Richard Villiotte","title":"President, Chief Operating Officer","crd":"5645933"},{"name":"Kenneth Zannoni","title":"President and Chief Wealth Officer","crd":"3113495"},{"name":"Erin Wendell","title":"Chief Financial Officer","crd":"6931071"},{"name":"Candace Cavalier","title":"Chief Compliance Officer and General Counsel","crd":"5748453"}],"ownership":[{"label":"Congress Buyer, Inc.","detail":"Member in the 75% or more ownership band and a control person, since June 2023."},{"label":"Congress Intermediate, Inc.","detail":"Indirect owner: a sole stockholder of Congress Buyer, Inc. in the 75% or more band and a control person, since June 2023.","parent":"Congress Buyer, Inc."},{"label":"Congress Parent, Inc.","detail":"Indirect owner: a sole stockholder of Congress Intermediate, Inc. in the 75% or more band and a control person, since June 2023.","parent":"Congress Intermediate, Inc."},{"label":"Osaic Holdings, Inc.","detail":"Indirect owner: a sole stockholder of Congress Parent, Inc. in the 75% or more band and a control person, since August 2025.","parent":"Congress Parent, Inc."},{"label":"Ag Parent Corp.","detail":"Indirect owner: a sole stockholder of Osaic Holdings, Inc. in the 75% or more band and a control person, since August 2025.","parent":"Osaic Holdings, Inc."},{"label":"Osaic Financial Services, Inc.","detail":"Indirect owner: a sold stockholder of Ag Parent Corp. in the 75% or more band and a control person, since August 2025.","parent":"Ag Parent Corp."},{"label":"Ag Intermediate Corp.","detail":"Indirect owner: a sold stockholder of Osaic Financial Services, Inc. in the 75% or more band and a control person, since August 2025.","parent":"Osaic Financial Services, Inc."},{"label":"Ag Artemis Holdings, L.P.","detail":"Indirect owner: a limited partner of Ag Intermediate Corp. in the 75% or more band and a control person, since August 2025.","parent":"Ag Intermediate Corp."},{"label":"RCP Artemis Co-Invest, L.P.","detail":"Indirect owner: a limited partner of Ag Artemis Holdings, L.P. in the 25% to 50% band and a control person, since August 2019.","parent":"Ag Artemis Holdings, L.P."},{"label":"Ag Artemis Holdings GP, LLC","detail":"Indirect owner: general partner of Ag Artemis Holdings, L.P. and a control person, since May 2019.","parent":"Ag Artemis Holdings, L.P."},{"label":"RCP Artemis Co-Invest GP LLC","detail":"Indirect owner: general partner of RCP Artemis Co-Invest, L.P. and a control person, since May 2019.","parent":"RCP Artemis Co-Invest, L.P."},{"label":"Reverence Capital Partners Olympus CV LP","detail":"Indirect owner: a limited partner of Ag Artemis Holdings, L.P. in the 25% to 50% band and a control person, since April 2026.","parent":"Ag Artemis Holdings, L.P."},{"label":"RCP Olympus CV GP LP","detail":"Indirect owner: general partner of Reverence Capital Partners Olympus CV LP and a control person, since January 2026.","parent":"Reverence Capital Partners Olympus CV LP"},{"label":"Ares Secondaries Acquisition Vehicle 24 Olympus LP","detail":"Indirect owner: a limited partner of Reverence Capital Partners Olympus CV LP in the 25% to 50% band and a control person, since April 2026.","parent":"Reverence Capital Partners Olympus CV LP"},{"label":"Ares Private Equity Secondaries I Management LP","detail":"Indirect owner: general partner of Ares Secondaries Acquisition Vehicle 24 Olympus LP and a control person, since January 2026.","parent":"Ares Secondaries Acquisition Vehicle 24 Olympus LP"},{"label":"NCL Investments IV LP Outside Opportunities Series A","detail":"Indirect owner: a limited partner of Ares Secondaries Acquisition Vehicle 24 Olympus LP in the 50% to 75% band and a control person, since January 2026.","parent":"Ares Secondaries Acquisition Vehicle 24 Olympus LP"},{"label":"Treasurer of the State of North Carolina","detail":"Indirect owner: a limited partner of NCL Investments IV LP Outside Opportunities Series A in the 75% or more band and a control person, since October 2024.","parent":"NCL Investments IV LP Outside Opportunities Series A"},{"label":"NCL Fund IV GP LP","detail":"Indirect owner: general partner of NCL Investments IV LP Outside Opportunities Series A and a control person, since September 2024.","parent":"NCL Investments IV LP Outside Opportunities Series A"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":24,"privateResidences":0},"listedOfficeAddresses":25,"officesByState":[{"state":"Arizona","offices":2,"addresses":[{"street":"15169 North Scottsdale Road","city":"Scottsdale"},{"street":"1 N McDonald","city":"Mesa"}]},{"state":"California","offices":2,"addresses":[{"street":"6639 Bay Laurel Place","city":"Avila Beach"},{"street":"2601 Airport DR.","city":"Torrance"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"8 Wright Street","city":"Westport"}]},{"state":"Florida","offices":1,"addresses":[{"street":"9155 South Dadeland Boulevard","city":"Miami"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"111 West Jackson Boulevard","city":"Chicago"}]},{"state":"Maryland","offices":2,"addresses":[{"street":"4328 Montgomery Avenue","city":"Bethesda"},{"street":"6345 Woodside Court","city":"Columbia"}]},{"state":"Massachusetts","offices":3,"addresses":[{"street":"155 Seaport BLVD, 3rd Floor","city":"Boston","headquarters":true},{"street":"400 Crown Colony Drive","city":"Quincy"},{"street":"271 Waverley Oaks Road","city":"Waltham"}]},{"state":"New Jersey","offices":2,"addresses":[{"street":"37 Stonehouse Road","city":"Basking Ridge"},{"street":"3625 Quakerbridge RD","city":"Hamilton Township"}]},{"state":"North Carolina","offices":2,"addresses":[{"street":"600 Park Offices Drive","city":"Durham"},{"street":"3540 Toringdon Way","city":"Charlotte"}]},{"state":"Pennsylvania","offices":6,"addresses":[{"street":"1 South Sugan Road","city":"New Hope"},{"street":"308 E. Lancaster Ave.","city":"Wynnewood"},{"street":"74 West Broad Street","city":"Bethlehem"},{"street":"6425 Living Place","city":"Pittsburgh"},{"street":"31 North Main Street","city":"New Hope"},{"street":"175 Strafford Avenue","city":"Wayne"}]},{"state":"Utah","offices":1,"addresses":[{"street":"2801 N Thanksgiving Way","city":"Lehi"}]},{"state":"Virginia","offices":2,"addresses":[{"street":"1806 Summit Avenue","city":"Richmond"},{"street":"3120 Fairview Park DR.","city":"Falls Church"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-428-7600","stateRegisteredReps":81,"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","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"6550","assetMix":[{"label":"Exchange-traded equity securities","percent":52},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":31},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":2},{"label":"Cash and cash equivalents","percent":6},{"label":"Other","percent":1,"detail":"Alternative Investments"}],"privateFunds":4},"sources":{"adv1FilingDate":"26 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/310873/PDF/310873.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does CW Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does CW Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does CW Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does CW Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does CW Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns CW Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does CW Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"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 Wealth 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."}