{"url":"https://nivawealth.com/firms/white-wing-wealth-management-226524","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/226524","regulatoryAum":182823009,"crd":"226524","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4767845","suffix":null,"lastName":"MC MILLAN","firstName":"CLIFTON","middleName":"SCOTT"},{"crd":"8138321","suffix":null,"lastName":"Stewart","firstName":"Meredith","middleName":"Elyse"}],"total":2,"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":"2022-05-31","regulatoryAum":112412000,"clients":138,"employees":1,"offices":1},{"filedOn":"2023-07-19","regulatoryAum":102763000,"clients":143,"employees":1,"offices":1},{"filedOn":"2024-01-29","regulatoryAum":120713000,"clients":144,"employees":1,"offices":1},{"filedOn":"2025-03-08","regulatoryAum":151924000,"clients":145,"employees":4,"offices":1},{"filedOn":"2026-09-28","regulatoryAum":182823009,"clients":151,"employees":5,"offices":1}],"secFileNumber":"801-124733","legalName":"White Wing Wealth Management, LLC","displayName":"White Wing Wealth Management","slug":"white-wing-wealth-management-226524","website":"https://whitewingwm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10001 Woodloch Forest Drive, Suite 515","city":"The Woodlands","state":"TX","stateName":"Texas","country":"United States","postalCode":"77380"},"tradeNames":[],"registration":{"secApproved":"22 April 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1216327.2533333334,"staff":{"employees":5,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":2},"aum":{"regulatory":182823009,"discretionary":182823009,"discretionaryAccounts":500,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":69,"regulatoryAum":32704188},{"label":"High-net-worth individuals","clients":81,"regulatoryAum":149744900},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":373921}],"feePrograms":[{"role":"other","program":"Financial Planning Services","summary":"Financial planning is a negotiable fixed fee, generally $2,500, invoiced on completion of the contracted services.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059277","versionId":1059277,"submittedOn":"2026-09-28","documentName":"WHITE WING WEALTH MANAGEMENT, LLC DISCLOSURE BROCHURE"},{"role":"other","program":"Retirement Planning Consulting Services","summary":"Retirement planning consulting for plan participants is billed at 0.25% to 0.75% of plan assets a year, negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059277","versionId":1059277,"submittedOn":"2026-09-28","documentName":"WHITE WING WEALTH MANAGEMENT, LLC DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T15:12:15.181225+00:00","documents":[{"name":"WHITE WING WEALTH MANAGEMENT, LLC DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059277","versionId":1059277,"submittedOn":"2026-09-28"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":181227717}],"custodyNote":"White Wing Wealth Management has custody of $183M for 151 clients.","otherCustodians":[],"leadership":[{"name":"Clifton MC Millan","title":"Managing Member","crd":"4767845"},{"name":"Clifton MC Millan","title":"CCO","crd":"4767845"}],"ownership":[{"label":"Clifton MC Millan","detail":"Managing member in the 75% or more ownership band and a control person, since July 2014. Also cco in the 75% or more ownership band and a control person, since April 2015."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"10001 Woodloch Forest Drive, Suite 515","city":"The Woodlands","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"832-764-5305","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":11},{"label":"Securities issued by registered investment companies or business development companies","percent":85},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"28 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/226524/PDF/226524.pdf","brochureDate":"28 September 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1059277","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 White Wing Wealth Management have?","answer":"White Wing Wealth Management has 151 clients and manages $183 million for them, as of September 2026. They include 81 high-net-worth individuals, 69 individual clients and 1 corporate or other business client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does White Wing Wealth Management offer?","answer":"White Wing Wealth Management provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does White Wing Wealth Management use?","answer":"White Wing Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $181M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does White Wing Wealth Management have?","answer":"White Wing Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does White Wing Wealth Management invest in?","answer":"At the end of its last fiscal year, White Wing Wealth Management’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities and 4% cash and equivalents.","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 White Wing Wealth Management?","answer":"White Wing Wealth Management’s direct owner is Clifton MC Millan (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does White Wing Wealth Management get paid?","answer":"White Wing Wealth Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact White Wing Wealth Management?","answer":"White Wing Wealth Management’s main office is at 10001 Woodloch Forest Drive, Suite 515, The Woodlands, TX 77380. Its phone number is 832-764-5305. Its website is whitewingwm.com.","source":"Form ADV Part 1A, Item 1.F, filed 28 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/white-wing-wealth-management-226524/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-08","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2001473/000200147326000004/0002001473-26-000004-index.html","totalValue":191672153,"positionCount":40,"top10Share":0.834143006678701,"top10":[{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":50014844,"shares":135161,"shareType":"SH","priorValue":43003705,"priorShares":134047},{"issuer":"VANGUARD TAX-MANAGED FDS","titleOfClass":"VAN FTSE DEV MKT","cusip":"921943858","value":20533387,"shares":288188,"shareType":"SH","priorValue":18248330,"priorShares":284774},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"ULTRA SHRT 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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."}