Cwm, LLC

CRD#155344
Investment Advisor Firm

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Learn more about Cwm, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Cwm, LLC is a financial advisor company located in Omaha, Nebraska. The company oversees $11.9 billion in assets across 58,973 accounts, placing it among the biggest investment advisory firms in the United States by assets under management (AUM). It has a large group of 424 employees, three hundred ninety-two of whom are financial advisors. Cwm, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as stocks, options and bonds.

    Cwm, LLC administers the majority of its client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes transaction judgments without needing to seek the customer's consent. It also has 41 non-discretionary accounts totaling $36.4 million in AUM. The firm's average account size is $201,737. The average financial advisor at Cwm, LLC manages around 150 client accounts.

    Cwm, LLC's headquarters is at 13321 California Street, Suite 100, Omaha, Nebraska 68154. The company is registered to provide services to clients throughout 51 U.S. states and territories.

    Assets Under Management

    $11.9 billion

    Number of Advisors

    392

    Disclosures

    No

    Office Location

    13321 California Street, Suite 100
    Omaha, NE 68154

    Cwm, LLC by the Numbers

    Total Assets Under Management

    $11.9 billion

    National Average: $3.7 billion
    Total Number of Employees

    424

    National Average: 29
    Total Number of Accounts

    58,973

    National Average: 2,073
    Average Account Size

    $201.7 thousand

    National Average: $1.8 million

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    Products and Services

    Cwm, LLC provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the past fiscal year, the company provided financial planning services to 2500 of its customers. It does sell products or offer services apart from investment advisory services to its customers. The company is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

    Core Advisor Services

    • Offered by 45% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 62% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 23% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advisory services typically depend on which services are provided. Fees charged by the company likely consist of any combination of the following fee structures: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    Available

    • Offered by 74% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 35% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 40% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 12% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 2% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 17% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The firm works with a broad range of investors. The company works with retail investors, high net worth investors, pension plans, insurance companies and corporations. Out of its 58,973 accounts, Cwm, LLC's largest client group by number of accounts is retail investors, although it also serves 3,440 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 15.21%
    • Other Individuals - 83.64%
    • Corporations - 1.15%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Cwm, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cwm, LLC

    Aaron Schaben
    Omaha, NE
    Patrick Healy
    Norwell, MA
    Cole David
    Omaha, NE
    John Harty
    San Rafael, CA
    Ryan Ovenden
    Sioux Falls, SD
    Robert Papa
    Franklin Lakes, NJ
    Sonu Varghese
    Omaha, NE
    Jaclyn Hissick
    Milldale, CT
    Jonathan Mullins
    Johnson City, TN

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    The content in this profile was updated by SmartAsset on 08/06/2020 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com. The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

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    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.