FWG Holdings provides financial planning, portfolio management for individuals and small businesses, selecting other managers, insurance, philanthropic planning, retirement plan services, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
FWG Holdings reports 384 clients. They include 264 individual clients, 107 high-net-worth individuals, and 13 corporations and other businesses. Of its assets, 100.0% ($439M across 1,102 accounts) are managed with discretion. It advised 9 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 69% | 18% |
| High-net-worth individuals | 28% | 81% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 3% | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 264 | $76.9M | 17.5% | $291K |
| High-net-worth individuals | 107 | $354M | 80.6% | $3.31M |
| Charitable organizations | Fewer than 5 | $1.23M | 0.3% | — |
| Corporations and other businesses | 13 | $6.99M | 1.6% | $537K |
| Total | 384 | $439M | 100% | — |
- Clients
- 264
- Regulatory AUM
- $76.9M
- AUM share
- 17.5%
- Avg. per client
- $291K
- Clients
- 107
- Regulatory AUM
- $354M
- AUM share
- 80.6%
- Avg. per client
- $3.31M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.23M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 13
- Regulatory AUM
- $6.99M
- AUM share
- 1.6%
- Avg. per client
- $537K
Total
- Clients
- 384
- Regulatory AUM
- $439M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 9
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
FWG Holdings is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Stand-alone planning billed at $500 per hour, or fixed engagements ranging from $5,000 to $50,000.
- Retirement Plan Advisory Services
- Annual asset-based fee of up to 1.00%, billed quarterly in arrears.
Ledford Holdings, LLC owns 75% or more of FWG Holdings and is in turn owned by John Ledford (75% or more). The leadership team of FWG Holdings includes President John Ledford. It has 14 employees, 5 of them in advisory roles.
Leadership
John LedfordPresident and Chief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 14 employees
- 5 in advisory functions
- 5 state-registered reps
- 4 insurance agents
- Owns 75% or more of FWG Holdings, LLC
Ledford Holdings, LLC
Control person · since July 2022
- Owns 75% or more of Ledford Holdings, LLC
John Ledford
Control person · since July 2022
- Owns 10% to 25% of FWG Holdings, LLC
Capital Rock LLC
since July 2022
- Owns 75% or more of Capital Rock LLC
Cole Linquist
since July 2022
FWG Holdings’ regulatory assets grew 2.1× from $214M (May 2021) to $439M (March 2026); clients rose from 302 to 384 and employees from 9 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $439M | 384 | 14 | 1 |
| Feb 2025February 2025 | $345M | 360 | 14 | 1 |
| Mar 2024March 2024 | $295M | 318 | 13 | 1 |
| Jul 2023July 2023 | $257M | 313 | 13 | 1 |
| Jul 2022July 2022 | $246M | 313 | 12 | 1 |
| May 2021May 2021 | $214M | 302 | 9 | 1 |
Besides its headquarters, FWG Holdings has 0 offices, with 1 listed address in 1 state.
Florida · 1 listed address
- 1099 W Morse BLVD, Winter ParkHQ
Other business names
FWG Holdings has reported 1 other business name to the SEC.
- Fortress Wealth Group
Contact and registration details
- Legal name
- FWG Holdings, LLC
- Headquarters
- 1099 W Morse BLVD, Winter Park, FL 32789
- Website
- fortresswealthgroup.com
- Phone
- 407-999-8998
- @fortress-wealth-group
- SEC file
- 801-118769
- Founded
- 2020
- Structure
- Florida LLC
- Fiscal year end
- December
FWG Holdings’ named custodian for separately managed accounts is Fidelity ($403M). FWG Holdings has custody of $203M for 229 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $403M100%
At year end, FWG Holdings’ separately managed accounts were mostly in funds (66%) and stocks (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $288M across 127 positions; the largest are Vanguard Index Fds (11.1%), Vanguard Index Fds (10.5%) and Invesco Qqq TR (6.4%).
What the accounts hold
- Stocks21%
- Funds66%
- Registered funds63%
- Pooled vehicles3%
- Bonds4%
- State and local bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash9%
Reported 13F holdings
- $288M
- Reported 13F value
- 127
- Positions
- 50.7%
- In the 10 largest
- +8.8%
- Value vs. prior quarter
- Vanguard Index Fds · Value ETF11.1%
- Vanguard Index Fds · Growth ETF10.5%
- Invesco Qqq TR · Unit Ser 16.4%
- Fidelity Covington Trust · Enhanced Intl4.2%
- Morgan Stanley ETF Trust · Eato Van MU ETF4.0%
- Fidelity Merrimack Str TR · Total BD ETF3.9%
- State Str SPDR S&P 500 ETF T · TR Unit3.0%
- Tidal Trust Iii · Vist Arti IN ETF2.6%
- Nvidia Corporation2.5%
- First TR Exchange-traded Alp · Com Shs2.5%
Together, the ten largest are 50.7% of reported value.
How many clients does FWG Holdings have?
FWG Holdings has 384 clients and manages $439 million for them, as of March 2026. They include 264 individual clients, 107 high-net-worth individuals, and 13 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does FWG Holdings offer?
FWG Holdings provides financial planning, portfolio management for individuals and small businesses, selecting other managers, insurance, philanthropic planning, retirement plan services, 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
Which custodians does FWG Holdings use?
FWG Holdings’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $403M. 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 March 2026
How many financial advisors does FWG Holdings have?
FWG Holdings has 5 investment adviser representatives registered with state securities authorities, out of 14 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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
What does FWG Holdings invest in?
At the end of its last fiscal year, FWG Holdings’ separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 9% cash and equivalents, 3% pooled vehicles (private funds and similar), 2% state and local bonds, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns FWG Holdings?
FWG Holdings is owned through holding companies by John Ledford and Cole Linquist. Its direct owners are Ledford Holdings, LLC (75% or more) and Capital Rock LLC (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does FWG Holdings get paid?
FWG Holdings is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 FWG Holdings?
FWG Holdings’ main office is at 1099 W Morse BLVD, Winter Park, FL 32789. Its phone number is 407-999-8998. Its website is fortresswealthgroup.com.