Zermatt Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Zermatt Wealth reports 263 clients. They include 172 individual clients, 88 high-net-worth individuals and 2 charitable organizations. Of its assets, 85.4% ($177M across 416 accounts) are managed with discretion; $30.2M across 41 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 65% | 18% |
| High-net-worth individuals | 33% | 80% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 172 | $37.2M | 18.0% | $216K |
| High-net-worth individuals | 88 | $165M | 79.7% | $1.87M |
| Pension and profit-sharing plans | Fewer than 5 | $662K | 0.3% | $662K |
| Charitable organizations | Fewer than 5 | $4.02M | 1.9% | $2.01M |
| Total | 263 | $207M | 100% | — |
- Clients
- 172
- Regulatory AUM
- $37.2M
- AUM share
- 18.0%
- Avg. per client
- $216K
- Clients
- 88
- Regulatory AUM
- $165M
- AUM share
- 79.7%
- Avg. per client
- $1.87M
- Clients
- Fewer than 5
- Regulatory AUM
- $662K
- AUM share
- 0.3%
- Avg. per client
- $662K
- Clients
- Fewer than 5
- Regulatory AUM
- $4.02M
- AUM share
- 1.9%
- Avg. per client
- $2.01M
Total
- Clients
- 263
- Regulatory AUM
- $207M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Zermatt Wealth 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 3 other services, listed under fee details.
Fee details and sources
Other fees
- 401(k) Consultation Services
- 401(k) consultation services are generally charged 0.50% of plan assets a year, billed in arrears in quarterly increments of 0.125%.
- Flat (Fixed) Consultation Fees
- Flat (fixed) consultation fees are set by the scope of the project, such as business or financial planning, and are billed in arrears.
- Hourly Fees
- Hourly fees, applied occasionally for miscellaneous services, range from $100 to $500 per hour depending on staff billing rates.
Zermatt Holdings, LLC owns 75% or more of Zermatt Wealth and is in turn owned by Louis Dworsky (25–50%) and Meyer Dworsky (25–50%). The leadership team of Zermatt Wealth includes Chief Compliance Officer David White. It has 5 employees, 2 of them in advisory roles.
Leadership
- David WhiteChief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Zermatt Wealth, LLC
Zermatt Holdings, LLC
Control person · since January 2020
- Owns 25% to 50% of Zermatt Holdings, LLC
Louis Dworsky
Control person · since January 2018
- Owns 25% to 50% of Zermatt Holdings, LLC
Meyer Dworsky
Control person · since January 2018
Zermatt Wealth’s regulatory assets fell from $265M (May 2021) to $207M (September 2026); clients rose from 232 to 263 and employees fell from 7 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $207M | 263 | 5 | 2 |
| March 2025 | $178M | 171 | 5 | 2 |
| July 2024 | $173M | 174 | 5 | 2 |
| April 2023 | $201M | 220 | 5 | 2 |
| July 2022 | $274M | 224 | 7 | 2 |
| May 2021 | $265M | 232 | 7 | 2 |
Besides its headquarters, Zermatt Wealth has 1 office, with 2 listed addresses in California and North Carolina.
California · 1 listed address
- 2251 San Diego Ave, Suite B-257, San DiegoHQ
North Carolina · 1 listed address
- 2115 Rexford RD, Ste 311, Charlotte
Contact and registration details
- Legal name
- Zermatt Wealth, LLC
- Headquarters
- 2251 San Diego Ave, Suite B-257, San Diego, CA 92110
- Website
- wfasandiego.com
- Phone
- 619-491-0225
- SEC file
- 801-118131
- Founded
- 2019
- Structure
- North Carolina LLC
- Fiscal year end
- December
Zermatt Wealth uses Charles Schwab ($163M) as custodian for its separately managed accounts. Zermatt Wealth does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $163M100%
At year end, Zermatt Wealth’s separately managed accounts were mostly in funds (55%) and stocks (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $122M across 94 positions; the largest are Apple Inc. (12.8%), Vanguard Morningstar Total Stock Market ETF (9.2%) and Vanguard Total Bond Market ETF (4.1%).
What the accounts hold
- Stocks36%
- Funds55%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash7%
Reported 13F holdings
- $122M
- Reported 13F value
- 94
- Positions
- 45.4%
- In the 10 largest
- −2.0%
- Value vs. prior quarter
- Apple Inc.12.8%
- Vanguard Morningstar Total Stock Market ETFETF9.2%
- Vanguard Total Bond Market ETFETF4.1%
- Vanguard Russell 1000 Growth ETFETF3.5%
- Vanguard Russell 1000 Value ETFETF3.1%
- Invesco Rafi US 1000 ETFETF2.7%
- Schwab 5-10 Year Corporate Bond ETFETF2.6%
- Vanguard Dividend Appreciation ETFETF2.6%
- Berkshire Hathaway Inc. Del CL B New2.4%
- Alphabet Inc. Cap Stk CL A2.3%
Together, the ten largest are 45.4% of reported value.
How many clients does Zermatt Wealth have?
Zermatt Wealth has 263 clients and manages $207 million for them, as of September 2026. They include 172 individual clients, 88 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 September 2026
What services does Zermatt Wealth offer?
Zermatt Wealth provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, estate planning, insurance, 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 Zermatt Wealth use?
Zermatt Wealth’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $163M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 September 2026
How many financial advisors does Zermatt Wealth have?
Zermatt Wealth 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
What does Zermatt Wealth invest in?
At the end of its last fiscal year, Zermatt Wealth’s separately managed accounts held 55% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 7% cash and equivalents, 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 Zermatt Wealth?
Zermatt Wealth is owned through a holding company by Louis and Meyer Dworsky. Its direct owner is Zermatt Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 September 2026
How does Zermatt Wealth get paid?
Zermatt Wealth 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 Zermatt Wealth?
Zermatt Wealth’s main office is at 2251 San Diego Ave, Suite B-257, San Diego, CA 92110. Its phone number is 619-491-0225. Its website is wfasandiego.com.