CWS Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, estate planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
CWS Financial Advisors reports 807 clients. They include 421 individual clients, 381 high-net-worth individuals and 5 charitable organizations. Of its assets, 99.6% ($1.32B across 2,151 accounts) are managed with discretion; $5.49M across 5 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 52% | 13% |
| High-net-worth individuals | 47% | 86% |
| Charitable organizations | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 421 | $176M | 13.2% | $418K |
| High-net-worth individuals | 381 | $1.14B | 85.7% | $2.99M |
| Charitable organizations | 5 | $14.1M | 1.1% | $2.82M |
| Total | 807 | $1.33B | 100% | $1.65M |
- Clients
- 421
- Regulatory AUM
- $176M
- AUM share
- 13.2%
- Avg. per client
- $418K
- Clients
- 381
- Regulatory AUM
- $1.14B
- AUM share
- 85.7%
- Avg. per client
- $2.99M
- Clients
- 5
- Regulatory AUM
- $14.1M
- AUM share
- 1.1%
- Avg. per client
- $2.82M
Total
- Clients
- 807
- Regulatory AUM
- $1.33B
- AUM share
- 100%
- Avg. per client
- $1.65M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
CWS Financial Advisors charges up to 1.00% a year for its Investment Management & Sub-Adviser Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting is billed at $250 an hour, or as a fixed fee typically ranging from $250 to $7,500.
Aspen Standard Group, LLC owns 75% or more of CWS Financial Advisors and is in turn owned by Aspen Standard Group Intermediate Co. LLC (50–75%). The leadership team of CWS Financial Advisors includes Chief Compliance Officer Cory Wietfeldt. It has 12 employees, 5 of them in advisory roles.
Leadership
- Cory WietfeldtPrincipal and Chief Compliance Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Christine Louise Batts
- Andrew Blair Gildea
- William Joseph Roberts
- Regina N Spence
- Joseph Paul Splendorio
- Lindsey Erin Splendorio
- Cory Dale Wietfeldt
Staff
- 12 employees
- 5 in advisory functions
- 6 state-registered reps
- Owns 75% or more of CWS Financial Advisors LLC
Aspen Standard Group, LLC
Control person · since July 2026
- Owns 50% to 75% of Aspen Standard Group, LLC
Aspen Standard Group Intermediate Co. LLC
Control person · since July 2024
- Owns 75% or more of Aspen Standard Group Intermediate Co. LLC
Aspen Standard Group Topco LP
Control person · since August 2024
- Owns 75% or more of Aspen Standard Group Topco LP
Evergreen Services Group Topco II, LLC
Control person · since March 2025
- Owns 25% to 50% of Evergreen Services Group Topco II, LLC
Alpine Investors IX-A Splitter Eg II, LP
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Splitter Eg II, LP
Alpine Investors IX-A Blocker Eg II, LLC
Control person · since March 2025
- Owns 75% or more of Alpine Investors IX-A Blocker Eg II, LLC
Alpine Investors IX-A, LP
Control person · since March 2025
- Owns 25% to 50% of Evergreen Services Group Topco II, LLC
Alpine Investors IX, LP
Control person · since March 2025
CWS Financial Advisors’ regulatory assets grew from $955M (February 2021) to $1.33B (July 2026); clients were 807 in both filings and employees rose from 9 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $1.33B | 807 | 12 | 2 |
| February 2025 | $1.2B | 814 | 11 | 2 |
| March 2024 | $1.05B | 803 | 10 | 1 |
| June 2023 | $989M | 802 | 11 | 1 |
| February 2022 | $1.11B | 804 | 11 | 1 |
| February 2021 | $955M | 810 | 9 | 1 |
Besides its headquarters, CWS Financial Advisors has 1 office, with 2 listed addresses in California and Michigan.
California · 1 listed address
- 3201 Danville, Alamo
Michigan · 1 listed address
- 405 West Michigan Avenue, Suite 110, KalamazooHQ
Contact and registration details
- Legal name
- CWS Financial Advisors LLC
- Headquarters
- 405 West Michigan Avenue, Suite 110, Kalamazoo, MI 49007
- Website
- cwsfinancialadvisors.com
- Phone
- 269-349-4600
- SEC file
- 801-113289
- Structure
- Michigan LLC
- Fiscal year end
- December
CWS Financial Advisors uses Charles Schwab ($1.32B) as custodian for its separately managed accounts. CWS Financial Advisors has custody of $741M in client assets for 489 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.32B100%
At year end, CWS Financial Advisors’ separately managed accounts were mostly in funds (75%) and stocks (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $451M across 171 positions; the largest are Stryker Corporation (17.0%), Dimensional ETF Trust (10.7%) and Vanguard Index Fds (5.8%).
What the accounts hold
- Stocks16%
- Funds75%
- Cash8%
- Other1%
- Annuities1%
Reported 13F holdings
- $451M
- Reported 13F value
- 171
- Positions
- 56.7%
- In the 10 largest
- +15.5%
- Value vs. prior quarter
- Stryker Corporation17.0%
- Dimensional ETF Trust · US Equi Mark ETF10.7%
- Vanguard Index Fds · S&P 500 ETF Shs5.8%
- Apple Inc.4.1%
- iShares TR · Core S&P Scp ETF3.9%
- Vanguard Star Fds · VG TL Intl Stk F3.5%
- Dimensional ETF Trust · Intl Core EQT MK3.3%
- Vanguard Index Fds · Growth ETF2.9%
- Vanguard Specialized Funds · Div App ETF2.8%
- Vanguard Index Fds · Value ETF2.8%
Together, the ten largest are 56.7% of reported value.
How many clients does CWS Financial Advisors have?
CWS Financial Advisors has 807 clients and manages $1.33 billion for them, as of July 2026. They include 421 individual clients, 381 high-net-worth individuals and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026
What services does CWS Financial Advisors offer?
CWS Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, estate planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does CWS Financial Advisors charge?
CWS Financial Advisors charges up to 1.00% a year for its Investment Management & Sub-Adviser Fees. The fee is billed in arrears and is negotiable.
Which custodians does CWS Financial Advisors use?
CWS Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.32B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026
How many financial advisors does CWS Financial Advisors have?
CWS Financial Advisors has 6 investment adviser representatives registered with state securities authorities, out of 12 employees, and 5 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 CWS Financial Advisors invest in?
At the end of its last fiscal year, CWS Financial Advisors’ separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 8% cash and equivalents and 1% other. The 1% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns CWS Financial Advisors?
CWS Financial Advisors is owned through a chain of holding companies by Alpine Investors IX, LP and Alpine Investors IX-A, LP. Its direct owner is Aspen Standard Group, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026
How does CWS Financial Advisors get paid?
CWS Financial 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
How do I contact CWS Financial Advisors?
CWS Financial Advisors’ main office is at 405 West Michigan Avenue, Suite 110, Kalamazoo, MI 49007. Its phone number is 269-349-4600. Its website is cwsfinancialadvisors.com.