{"url":"https://nivawealth.com/firms/urban-wealth-management-group-285633","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/285633","regulatoryAum":212506644,"crd":"285633","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4156837","suffix":null,"lastName":"CHARLES","firstName":"APRIL","middleName":"LYNN"},{"crd":"1006530","suffix":null,"lastName":"NOURSE","firstName":"RENE","middleName":"ANNISE"},{"crd":"5111629","suffix":null,"lastName":"SEROSKIE","firstName":"JULIA","middleName":"MARIE"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-24","regulatoryAum":152649261,"clients":305,"employees":5,"offices":1},{"filedOn":"2022-06-17","regulatoryAum":181449735,"clients":377,"employees":5,"offices":1},{"filedOn":"2023-07-26","regulatoryAum":161887066,"clients":426,"employees":6,"offices":1},{"filedOn":"2024-06-06","regulatoryAum":188957457,"clients":407,"employees":4,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":202076994,"clients":473,"employees":4,"offices":1},{"filedOn":"2026-05-21","regulatoryAum":212506644,"clients":281,"employees":6,"offices":5}],"secFileNumber":"801-108701","legalName":"Urban Wealth Management Group LLC","displayName":"Urban Wealth Management Group","slug":"urban-wealth-management-group-285633","website":"https://urbanwm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"3 January 2017","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":711832.730909091,"staff":{"employees":6,"advisory":5,"brokerDealerReps":0,"insuranceAgents":2,"promoters":5},"aum":{"regulatory":212506644,"discretionary":212506644,"discretionaryAccounts":837,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":223,"regulatoryAum":58971148},{"label":"High-net-worth individuals","clients":52,"regulatoryAum":136782853},{"label":"Pension and profit-sharing plans","clients":6,"regulatoryAum":16752643}],"feePrograms":[{"role":"main","program":"Investment Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026080","versionId":1026080,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-25","documentName":"UWM - FORM ADV PART 2A & 2B FINAL","fee_rate_low":0.15,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Financial planning fees are set by scope in each client's planning agreement, generally a 12-month retainer, and are negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026080","versionId":1026080,"submittedOn":"2026-03-25","documentName":"UWM - FORM ADV PART 2A & 2B FINAL"},{"role":"other","program":"Trust Coordination","summary":"Coordinating the creation of a trust is generally $1,800 and coordinating an update to an existing trust is generally $600, when charged separately.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026080","versionId":1026080,"submittedOn":"2026-03-25","documentName":"UWM - FORM ADV PART 2A & 2B FINAL"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:36:25.892905+00:00","documents":[{"name":"UWM - FORM ADV PART 2A & 2B FINAL","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026080","versionId":1026080,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":198122257},{"name":"John Hancock Life Insurance Company (U.S.A.) and John Hancock Li","shortName":"John Hancock Life Insurance Company (U.S.A.) and John Hancock Li","location":"New York, NY","smaAssets":9071005},{"name":"Principal Securities, Inc.","shortName":"Principal Securities","location":"Des Moines, IA","smaAssets":5313382}],"custodyNote":"Urban Wealth Management Group has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Rene Nourse","title":"Chief Executive Officer","crd":"1006530"},{"name":"Lily Huber","title":"President and CCO","crd":"6377363"}],"ownership":[{"label":"Rene Nourse","detail":"Chief executive officer in the 75% or more ownership band and a control person, since January 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":4},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"424-277-2260","stateRegisteredReps":4,"otherAdviserReps":4,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Educational seminars/workshops"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":25},{"label":"U.S. government/agency bonds","percent":10},{"label":"U.S. state and local bonds","percent":6},{"label":"Sovereign bonds","percent":4},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":40},{"label":"Cash and cash equivalents","percent":13}],"privateFunds":0},"sources":{"adv1FilingDate":"21 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/285633/PDF/285633.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026080","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Urban Wealth Management Group have?","answer":"Urban Wealth Management Group has 281 clients and manages $213 million for them, as of May 2026. They include 223 individual clients, 52 high-net-worth individuals, and 6 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 21 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Urban Wealth Management Group offer?","answer":"Urban Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Urban Wealth Management Group charge?","answer":"Urban Wealth Management Group charges 0.15%–1.25% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.","source":"UWM - FORM ADV PART 2A & 2B FINAL, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Urban Wealth Management Group use?","answer":"Urban Wealth Management Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $198M, John Hancock Life Insurance Company (U.S.A.) and John Hancock Li (New York, NY), with $9.07M and Principal Securities, Inc. (Des Moines, IA), with $5.31M. 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 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Urban Wealth Management Group have?","answer":"Urban Wealth Management Group has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Urban Wealth Management Group invest in?","answer":"At the end of its last fiscal year, Urban Wealth Management Group’s separately managed accounts held 40% registered funds (mutual funds, ETFs, BDCs), 25% exchange-traded equities, 13% cash and equivalents, 10% U.S. government and agency bonds, 6% state and local bonds, 4% sovereign bonds and 2% 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Urban Wealth Management Group?","answer":"Urban Wealth Management Group’s direct owner is Rene Nourse (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 21 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Urban Wealth Management Group get paid?","answer":"Urban Wealth Management Group 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Urban Wealth Management Group?","answer":"Its phone number is 424-277-2260. Its website is urbanwm.com.","source":"Form ADV Part 1A, Item 1.F, filed 21 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}