{"url":"https://nivawealth.com/firms/cwm-155344","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/155344","regulatoryAum":50579657663,"crd":"155344","secFileNumber":"801-72037","legalName":"CWM, LLC","displayName":"CWM","website":null,"founded":null,"organization":"Nebraska limited liability company","fiscalYearEnd":"December","headquarters":{"street":"14600 Branch ST.","city":"Omaha","state":"NE","stateName":"Nebraska","country":"United States","postalCode":"68154"},"tradeNames":["Aam Financial Planning and Investments","Advanced Retirement Strategies","Agrillo Financial Group","Albritton Financial Services","Allgood Financial Advisory","Applied Financial","Applied Financial Planning","Ars Investment Advisors, Inc.","Art of Wealth Management","Aspire Financial Planning","Avery Wealth, Inc.","Bain Wealth Management","Barrington Wealth Management","Bixler Financial","Bloom Wealth Advisors","Blueprint Wealth Management","Bmy Wealth","Bmy Wealth Management Group","Boston Retirement 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Management","Premier Wealth Management Group","RBV Wealth Management","Randall & Pobar, LLC","Retirement Planning & Wealth Management","Retirement Planning and Wealth Management","Roloff Retirment Solutions","Rosevest Financial","SRQ Wealth","SRQ Wealth Management","Schlipman Wealth Advisors","Shane Hall Financial","Shilanski & Associates","Silverhawk Private Wealth","Stoneway Financial, LLC","Strategic Financial Management","Sweet Financial Partners","TPC Advisors of Louisiana","The Olivier Group","The Thigpen Group Wealth Advisors","Trillium Wealth","Trimble Wealth Advisors","Truenorth 42 Wealth","Tungsten Wealth Management","Twin Pines Wealth Management","Two Bird Wealth Strategies","Valorem Financial","Waterstone Private Wealth Management","Waymaker Wealth Advisors","Wealth Management","Wealth Management Inc","Wealth Planners of Colorado","Wealth Standard Financial","Wealthcare Partners","Wells Trecaso Financial Group-Carson Group","Wise Counsel Wealth","Wolf Money Management","Yari Capital","Yuma & Imperial Valley Wealth Management","Yuma Investment Group Management","Zerocelsius Wealth Studio","Zerocelsius Wealth Studio Inc."],"registration":{"secApproved":"3 January 2011","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":1416,"advisory":472,"brokerDealerReps":104,"insuranceAgents":337,"promoters":14},"aum":{"discretionary":49464325511,"discretionaryAccounts":146763,"nonDiscretionary":1115332152,"nonDiscretionaryAccounts":7443,"wrapProgram":2579071,"nonUsClientsPct":0,"nonAumClients":248},"clientTypes":[{"label":"Individuals (other than HNW)","clients":45032,"regulatoryAum":23867069690},{"label":"High-net-worth individuals","clients":7231,"regulatoryAum":21908025021},{"label":"Pension and profit-sharing plans","clients":67,"regulatoryAum":2283672891},{"label":"Corporations and other businesses","clients":339,"regulatoryAum":2520890061}],"fees":[],"feeNotes":[],"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":16642808302},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":7029015446}],"custodyNote":"CWM has custody of $30.50B for 43,501 clients.","otherCustodians":[],"leadership":[{"name":"Kristin Streff","title":"Chief Compliance Officer","crd":"8253891"},{"name":"Mark Applegarth","title":"CFO","crd":"5243868"},{"name":"John Boyle","title":"SVP, RIA Operations","crd":"1242536"},{"name":"Omani Carson","title":"Founder and Chairman","crd":"1238219"},{"name":"Lantz Hunt","title":"SVP, Chief Integrations Officer","crd":"3017958"},{"name":"George White","title":"CEO","crd":"3057759"}],"ownership":[{"label":"Carson Group Holdings, LLC","detail":"Direct owner in the 75% or more ownership band and a control person, since October 2010."},{"label":"Carson Group, Inc.","detail":"Indirect owner: a direct owner of Carson Group Holdings, LLC in the 25% to 50% band and a control person, since July 2019.","parent":"Carson Group Holdings, LLC"},{"label":"Omani Carson","detail":"Indirect owner: a owner of Carson Group, Inc. in the 75% or more band and a control person, since December 1994.","parent":"Carson Group, Inc."},{"label":"BCC Blueprint Holdings II, LLC","detail":"Indirect owner: a direct owner of Carson Group Holdings, LLC in the 25% to 50% band and a control person, since July 2021.","parent":"Carson Group Holdings, LLC"},{"label":"BCC Blueprint Holdings I, LLC","detail":"Indirect owner: a direct owner of BCC Blueprint Holdings II, LLC in the 75% or more band and a control person, since July 2021.","parent":"BCC Blueprint Holdings II, LLC"},{"label":"BCC Blueprint Investments, LP","detail":"Indirect owner: a direct owner of BCC Blueprint Holdings I, LLC in the 75% or more band and a control person, since July 2021.","parent":"BCC Blueprint Holdings I, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":165,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"Alaska","offices":1,"addresses":[{"street":"431 W 7th ST, Ste.100","city":"Anchorage"}]},{"state":"Arizona","offices":1,"addresses":[{"street":"182 E 16th ST., Suite D","city":"Yuma"}]},{"state":"California","offices":1,"addresses":[{"street":"100 Pacifica, Suite 400","city":"Irvine"}]},{"state":"Colorado","offices":3,"addresses":[{"street":"13976 West Bowles Avenue, Suite 200","city":"Littleton"},{"street":"9635 Maroon Circle, Ste. 440","city":"Engelwood"},{"street":"7609 Grandview Ave","city":"Arvada"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"55 Post RD W, Ste. 218","city":"Westport"}]},{"state":"Iowa","offices":1,"addresses":[{"street":"835 3rd Ave Se","city":"Cedar Rapids"}]},{"state":"Louisiana","offices":2,"addresses":[{"street":"4609 Bluebonnet BLVD.","city":"Baton Rouge"},{"street":"8280 Ymca PLZ, BLDG 4","city":"Baton Rouge"}]},{"state":"Maryland","offices":2,"addresses":[{"street":"4 N. Park Drive, Ste. 402","city":"Cockeyseville"},{"street":"19833 Leitersburg Pike, Suite 1","city":"Hagerstown"}]},{"state":"Minnesota","offices":1,"addresses":[{"street":"1300 S Prairie Avenue","city":"Fairmont"}]},{"state":"Nebraska","offices":3,"addresses":[{"street":"14600 Branch ST.","city":"Omaha","headquarters":true},{"street":"200 N Burlington Ave, Ste. 200","city":"Hastings"},{"street":"14600 Branch Street","city":"Omaha"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"795 Franklin Avenue BLDG. C, Suite 202","city":"Franklin Lakes"}]},{"state":"Ohio","offices":1,"addresses":[{"street":"4665 Cornell RD, Ste. 160","city":"Cincinnati"}]},{"state":"Oregon","offices":1,"addresses":[{"street":"4085 Hager Street Se, Ste. 100","city":"Salem"}]},{"state":"Pennsylvania","offices":4,"addresses":[{"street":"70 N State ST","city":"Warren"},{"street":"One Bigelow Square, 20th FLR","city":"Pittsburgh"},{"street":"1495 Alan Wood RD Ste 100","city":"Conshohocken"},{"street":"215 Farm Lane","city":"Doylestown"}]},{"state":"South Dakota","offices":1,"addresses":[{"street":"612 E Tan Tara Cir #100","city":"Sioux Falls"}]},{"state":"Tennessee","offices":1,"addresses":[{"street":"1300 Pecan Hill Drive","city":"Stephenville"}]},{"state":"Texas","offices":1,"addresses":[{"street":"5101 Lexington Square","city":"Amarillo"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"402-330-0808","stateRegisteredReps":287,"otherAdviserReps":38,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"30500","assetMix":[{"label":"Exchange-traded equity securities","percent":24},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":57},{"label":"Cash and cash equivalents","percent":7},{"label":"Other","percent":7,"detail":"Annuities and Real Estate"}],"privateFunds":0},"sources":{"adv1FilingDate":"30 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/155344/PDF/155344.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does CWM have?","answer":"CWM has 52,669 clients and manages $50.6 billion for them, as of September 2026. They include 45,032 other individuals, 7,231 high-net-worth individuals and 339 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does CWM offer?","answer":"CWM provides financial planning, portfolio management for individuals and small businesses, selecting other managers and other activities.","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 CWM use?","answer":"CWM’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $16,642,808,302 and National Financial Services LLC (Smithfield, RI), with $7,029,015,446. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does CWM have?","answer":"CWM has 287 investment adviser representatives registered with state securities authorities, out of 1,416 employees, and 472 perform investment advisory functions. 104 are registered representatives of a broker-dealer and 337 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 CWM invest in?","answer":"At the end of its last fiscal year, CWM’s separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 24% exchange-traded equities, 7% cash and equivalents, 7% annuities and real estate, 1% non-exchange-traded equities and 1% investment grade corporate bonds. It advises no private funds of its own.","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 CWM?","answer":"CWM is owned through a chain of holding companies by Omani Carson and BCC Blueprint Investments, LP. Its direct owner is Carson Group Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does CWM get paid?","answer":"CWM is paid through a percentage of assets under management, hourly charges, fixed fees and other arrangements. 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."}