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The fee is billed in advance and is negotiable.","source":"CWA FORM ADV PART 2A, filed 2 October 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does CWA Asset Management Group use?","answer":"CWA Asset Management Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $4.08B. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does CWA Asset Management Group have?","answer":"CWA Asset Management Group has 40 investment adviser representatives registered with state securities authorities, out of 67 employees, and 35 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 31 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 CWA Asset Management Group invest in?","answer":"At the end of its last fiscal year, CWA Asset Management Group’s separately managed accounts held 55% exchange-traded equities, 21% registered funds (mutual funds, ETFs, BDCs), 7% state and local bonds, 5% pooled vehicles (private funds and similar), 5% cash and equivalents, 4% investment grade corporate bonds, 2% U.S. government and agency bonds and 1% non-exchange-traded equities. 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