Cwm, LLC (Omaha)

Name: Cwm, LLC
Address: 13321 California Street, Suite 100, Omaha, NE, 68154
Telephone: 402-330-0808

Cwm, LLC is a large advisory firm based in Omaha. It manages $7.5 billion of regulatory assets for 41,219 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Cwm provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and sub-advisory services for other investment advisory firms. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cwm: assets under management

The assets under management (AUM) of Cwm, LLC is $7.5 billion. The firm's AUM has grown by 15650% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.47 billion in discretionary accounts and $28.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $181.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $824.56 thousand.

Cwm has custody of $40.76 million in cash and securities for 85 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cwm, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cwm serves?

The firm provides services to individuals, insurance companies, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cwm is high net worth individuals with 1,967 clients and $3.78 billion of assets under management. Among the 9 most similar advisory firms, Cwm has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $7.5 billion for 16,046 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cwm doesn't advise any private funds.

Careers at Cwm, LLC

The company employs 309 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. 244 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Robert Alan Isbitts has served as the Chief Investment Officer since 1 Jan 2011 and Ronald Lloyd Carson is the Chief Executive Officer of Cwm, LLC family office. Inc. Carson Group joined the executive team most recently as the Direct Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc Carson Group	Direct owner	1 Oct 2010	75% - 100%	47-0784125
Llc Carson Group Holdings	Direct owner	1 Oct 2010	75% - 100%	37-1808406
Bradley Scott Grubb	Managing member/chief compliance officer	1 Oct 2010	Other	1732734
Inc. Carson Wealth Management Group	Direct owner	1 Oct 2010	75% - 100%	47-0784125
Mtac	Direct owner	1 Oct 2010	75% - 100%	47-0784125
Ronald Lloyd Carson	Board member/chief executive officer	1 Nov 2010	Other	1238219
Robert Alan Isbitts	Chief investment officer	1 Jan 2011	Other	2312302
Christopher Michael Mcmillan	Chief compliance officer	1 Feb 2011	Other	4626156
Aaron Eugene Schaben	Board member/managing director of strategic opportunities	1 Nov 2011	Other	5156729
William Burt Evans	Chief compliance officer	1 Apr 2012	Other	1217563
Teri Sue Shepherd	Board member/chief financial officer/chief operating officer/chief compliance officer	1 Jun 2012	Other	4445815
Paul Michael West	Board member	1 Jun 2012	Other	3146739
Lance Patrick Simpson	Chief compliance officer	1 Jul 2013	Other	5670739
Lantz Guy Hunt	Executive vice president - operations	1 Dec 2013	Other	3017958
Steven David Lockshin	Board member	1 Jan 2014	Other	1557803
Ruth Annette Howell	Chief compliance officer	1 Mar 2014	Other	1255071
Lantz Guy Hunt	Executive vice president - operations	1 Apr 2014	Other	3017958
Robert Eugene Moore	Board member	1 Mar 2015	Other	4573602
Teri Sue Shepherd	Chief compliance officer	1 Mar 2015	Other	4445815
Daniel Patrick Tobin	Senior vice president of risk management	1 Oct 2015	Other	3239146
Daniel P Tobin	Sr. vp of risk management, chief compliance officer	1 Apr 2017	Other	3239146
Lantz Guy Hunt	Chief operations officer	1 Mar 2018	Other	3017958
David Screnar	Chief financial officer	1 Mar 2018	Other	6875942

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Lloyd Carson	Principal	1 Dec 1994	75% - 100%	1238219
Mtac	Owner	1 Dec 1994	75% - 100%	47-0784125
Inc. Carson Group	Direct owner	1 Jul 2019	50% - 75%	47-0784125

Based in Omaha

The principal office where Cwm, LLC performs its advisory services is located at 13321 California Street, Suite 100, Omaha, NE 68154, which is also the mailing address of the firm. An additional office of the firm is in Auburn Hills, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-330-0808 or by fax 402-330-1668. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at petermanfinancialgroup.com.