MRWM Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
MRWM Advisors reports 349 clients. They include 293 individual clients and 56 high-net-worth individuals. Of its assets, 100.0% ($432M across 1,068 accounts) are managed with discretion. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 84% | 26% |
| High-net-worth individuals | 16% | 70% |
| Banking or thrift institutions | Fewer than 5 | <1% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 4% |
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) | 293 | $112M | 25.9% | $381K |
| High-net-worth individuals | 56 | $300M | 69.6% | $5.36M |
| Banking or thrift institutions | Fewer than 5 | $577K | 0.1% | — |
| Pension and profit-sharing plans | Fewer than 5 | $1.13M | 0.3% | — |
| Corporations and other businesses | Fewer than 5 | $17.9M | 4.2% | — |
| Total | 349 | $432M | 100% | — |
- Clients
- 293
- Regulatory AUM
- $112M
- AUM share
- 25.9%
- Avg. per client
- $381K
- Clients
- 56
- Regulatory AUM
- $300M
- AUM share
- 69.6%
- Avg. per client
- $5.36M
- Clients
- Fewer than 5
- Regulatory AUM
- $577K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.13M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $17.9M
- AUM share
- 4.2%
- Avg. per client
- —
Total
- Clients
- 349
- Regulatory AUM
- $432M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
MRWM Advisors charges 0.60%–1.25% a year for its Non Fixed Income fee schedule. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.25% |
| $1M–$3M | 0.85% |
| $3M–$5M | 0.75% |
| $5M and above | 0.60% |
Fee details and sources
Other fees
- Consulting
- Fixed fee consulting services, up to $20,000 depending on the nature and scope of the engagement.
- Financial Planning
- Fixed fee of $1,000 to $5,000 per annum for financial planning services; fees are negotiable.
Music Row Wealth Management LLC owns 75% or more of MRWM Advisors and is in turn owned by James Hackney (50–75%). The leadership team of MRWM Advisors includes Chief Operating Officer Laura Davis. It has 5 employees, 4 of them in advisory roles.
Leadership
- Laura DavisChief Operating Officer, Chief Compliance Officer
- James HackneyManaging Partner
- Suzanne SalterPartner
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Cynthia Robyn Durdin
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- 1 insurance agent
- Owns 75% or more of MRWM Advisors, LLC
Music Row Wealth Management LLC
Control person · since January 2025
- Owns 50% to 75% of Music Row Wealth Management LLC
James Hackney
Control person · since January 2025
MRWM Advisors’ regulatory assets grew 1.9× from $223M (March 2021) to $432M (March 2026); clients fell from 1,005 to 349 and employees from 6 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $432M | 349 | 5 | 1 |
| July 2025 | $397M | 327 | 5 | 1 |
| May 2024 | $324M | 363 | 6 | 3 |
| March 2023 | $271M | 889 | 5 | 3 |
| July 2022 | $291M | 1,110 | 5 | 3 |
| March 2021 | $223M | 1,005 | 6 | 3 |
Besides its headquarters, MRWM Advisors has 0 offices, with 1 listed address in Tennessee.
Tennessee · 1 listed address
- 1614 16th Avenue South, NashvilleHQ
Contact and registration details
- Legal name
- MRWM Advisors, LLC
- Headquarters
- 1614 16th Avenue South, Nashville, TN 37212
- Website
- Not reported
- Phone
- 615-647-5882
- @musicrowwealthmgmt
- SEC file
- 801-110818
- Founded
- 2017
- Structure
- Tennessee LLC
- Fiscal year end
- December
MRWM Advisors uses Raymond James ($432M) as custodian for its separately managed accounts. MRWM Advisors has custody of $6.38M in client assets for 46 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $432M100%
At year end, MRWM Advisors’ separately managed accounts were mostly in stocks (60%) and bonds (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $243M across 80 positions; the largest are Blackrock ETF Trust (17.5%), Vanguard Index Fds (13.0%) and iShares TR (6.4%).
What the accounts hold
- Stocks60%
- Exchange-traded equities37%
- Non-exchange-traded equities23%
- Funds9%
- Registered funds7%
- Pooled vehicles2%
- Bonds18%
- State and local bonds17%
- U.S. government and agency bonds1%
- Cash13%
Reported 13F holdings
- $243M
- Reported 13F value
- 80
- Positions
- 64.0%
- In the 10 largest
- +31.9%
- Value vs. prior quarter
- Blackrock ETF Trust · iShares Govt Mon17.5%
- Vanguard Index Fds · Total Stk Mkt13.0%
- iShares TR · Core S&P500 ETF6.4%
- ETFS Gold TR · Physcl Gold Shs5.3%
- Vanguard Index Fds · Value ETF4.4%
- Vanguard Star Fds · VG TL Intl Stk F3.9%
- Capital Group Growth ETF · Shs Creat Unit3.8%
- State Str SPDR S&P 500 ETF T · TR Unit3.4%
- iShares TR · 0-3 Mth Treasury3.3%
- Schwab Strategic TR · US Dividend EQ2.9%
Together, the ten largest are 64.0% of reported value.
How many clients does MRWM Advisors have?
MRWM Advisors has 349 clients and manages $432 million for them, as of March 2026. They include 293 individual clients and 56 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 March 2026
What services does MRWM Advisors offer?
MRWM Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic 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 MRWM Advisors charge?
MRWM Advisors charges 0.60%–1.25% a year for its Non Fixed Income fee schedule. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: 2026-03-09 MUSIC ROW WEALTH MANAGEMENT FORM ADV PART 2A, filed 9 March 2026
Which custodians does MRWM Advisors use?
MRWM Advisors’ separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $432M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 March 2026
How many financial advisors does MRWM Advisors have?
MRWM Advisors has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does MRWM Advisors invest in?
At the end of its last fiscal year, MRWM Advisors’ separately managed accounts held 37% exchange-traded equities, 23% non-exchange-traded equities, 17% state and local bonds, 13% cash and equivalents, 7% registered funds (mutual funds, ETFs, BDCs), 2% pooled vehicles (private funds and similar) and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MRWM Advisors?
MRWM Advisors is owned through a holding company by James Hackney. Its direct owner is Music Row Wealth Management LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 9 March 2026
How does MRWM Advisors get paid?
MRWM Advisors is paid through a percentage of assets under management 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
Is MRWM Advisors registered with the SEC?
Yes, MRWM Advisors has been registered with the SEC as an investment adviser since 14 July 2017. Its CRD number is 288944 and its SEC file number is 801-110818.
Source: Form ADV Part 1A, Item 1, filed 9 March 2026; IAPD firm record
How do I contact MRWM Advisors?
MRWM Advisors’ main office is at 1614 16th Avenue South, Nashville, TN 37212. Its phone number is 615-647-5882.