SWS Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions. The firm advises 2 private funds.
SWS Capital Management reports 7 clients. They include 5 state or municipal government entities and 2 pooled investment vehicles. Of its assets, 85.9% ($355M across 7 accounts) are managed with discretion; $58M across 2 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 29% | 51% |
| State or municipal government entities | 71% | 43% |
| Corporations and other businesses | Fewer than 5 | 5% |
| Other | Fewer than 5 | 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 |
|---|---|---|---|---|
| Pooled investment vehicles | 2 | $209M | 50.5% | $104M |
| State or municipal government entities | 5 | $178M | 43.1% | $35.6M |
| Corporations and other businesses | Fewer than 5 | $18.9M | 4.6% | — |
| Other | Fewer than 5 | $7.31M | 1.8% | — |
| Total | 7 | $413M | 100% | — |
- Clients
- 2
- Regulatory AUM
- $209M
- AUM share
- 50.5%
- Avg. per client
- $104M
- Clients
- 5
- Regulatory AUM
- $178M
- AUM share
- 43.1%
- Avg. per client
- $35.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $18.9M
- AUM share
- 4.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $7.31M
- AUM share
- 1.8%
- Avg. per client
- —
Total
- Clients
- 7
- Regulatory AUM
- $413M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 0
SWS Capital Management is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Shank Williams Cisneros, LLC owns 75% or more of SWS Capital Management and is in turn owned by Shank Capital Group, LLC (25–50%). The leadership team of SWS Capital Management includes President William Thompson and Chief Compliance Officer Dianne Calabrisotto. It has 10 employees, 4 of them in advisory roles.
Leadership
- William ThompsonPresident
- Dianne CalabrisottoChief Compliance Officer
- Christopher WilliamsChairman & CEO
Staff
- 10 employees
- 4 in advisory functions
- 5 broker-dealer reps
- Owns 75% or more of SWS Capital Management, LLC
Shank Williams Cisneros, LLC
Control person · since October 2020
- Owns 25% to 50% of Shank Williams Cisneros, LLC
Shank Capital Group, LLC
Control person · since March 2021
- Owns 75% or more of Shank Capital Group, LLC
Suzanne Shank-Werdlow
Control person · since March 2021
Christopher Williams
Chairman · Control person · since November 2019
Henry Cisneros
Vice-chairman · Control person · since November 2019
SWS Capital Management’s regulatory assets grew 4.8× from $85.7M (March 2021) to $413M (July 2026); employees rose from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $413M | 7 | 10 | 4 |
| March 2025 | $426M | 7 | 10 | 2 |
| May 2024 | $498M | 2 | 9 | 2 |
| May 2023 | $218M | 1 | 10 | 2 |
| May 2022 | $207M | 1 | 10 | 2 |
| March 2021 | $85.7M | 0 | 8 | 2 |
Besides its headquarters, SWS Capital Management has 3 offices (1 private residence, listed without an address), with 3 listed addresses in Illinois, New Jersey and New York.
Illinois · 1 listed address
- 625 North Michigan Ave., Chicago
New Jersey · 1 listed address
- 1325 Campus Parkway, Wall Township
New York · 1 listed address
- 100 Wall Street, 18th Floor, New YorkHQ
Contact and registration details
- Legal name
- SWS Capital Management, LLC
- Headquarters
- 100 Wall Street, 18th Floor, New York, NY 10005
- Website
- Not reported
- Phone
- 212-461-6500
- @sws-capital-management
- SEC file
- 801-61480
- Structure
- Delaware LLC
- Fiscal year end
- December
SWS Capital Management uses The Bank of New York Mellon ($66.2M, 34%), U.S. Bancorp ($66.1M, 34%) and Umb Bank ($63.6M, 32%) as custodians for its separately managed accounts. SWS Capital Management has custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $66.2M34%
- U.S. BancorpU.S. Bancorp · Minneapolis, MN · $66.1M34%
- Umb BankUmb Bank · St. Louis, MO · $63.6M32%
At year end, SWS Capital Management’s separately managed accounts were mostly in bonds (69%) and cash (31%).
What the accounts hold
- Bonds69%
- U.S. government and agency bonds56%
- Investment grade corporate bonds13%
- Cash31%
How many clients does SWS Capital Management have?
SWS Capital Management has 7 clients and manages $413 million for them, as of July 2026. They include 5 state or municipal government entities and 2 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 July 2026
What services does SWS Capital Management offer?
SWS Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does SWS Capital Management use?
SWS Capital Management’s separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $66.2M, U.S. Bancorp (Minneapolis, MN), with $66.1M and Umb Bank (St. Louis, MO), with $63.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 July 2026
How many financial advisors does SWS Capital Management have?
SWS Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 10 employees, and 4 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 0 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 SWS Capital Management invest in?
At the end of its last fiscal year, SWS Capital Management’s separately managed accounts held 56% U.S. government and agency bonds, 31% cash and equivalents and 13% investment grade corporate bonds. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SWS Capital Management?
SWS Capital Management is owned through a chain of holding companies by Suzanne Shank-Werdlow. Its direct owner is Shank Williams Cisneros, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 July 2026
How does SWS Capital Management get paid?
SWS Capital Management is paid through a percentage of assets under management. 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 SWS Capital Management?
SWS Capital Management’s main office is at 100 Wall Street, 18th Floor, New York, NY 10005. Its phone number is 212-461-6500.