Cwa Asset Management Group, LLC (Naples)


Cwa Asset Management Group, LLC is a large advisory firm based in Naples. It manages $1.12 billion of regulatory assets for 1,680 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 10 other states.

Cwa Asset Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and family office services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cwa Asset Management Group: assets under management

The assets under management (AUM) of Cwa Asset Management Group, LLC is $1.12 billion. The firm's AUM has grown by 778% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts and $65.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $669.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $672.18 thousand.
Cwa Asset Management Group has custody of $37.2 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cwa Asset Management Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cwa Asset Management Group serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cwa Asset Management Group is high net worth individuals with 270 clients and $773.96 million of assets under management. Among the 12 most similar advisory firms, Cwa Asset Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.12 billion for 1,680 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.

Cwa Asset Management Group doesn't advise any private funds.

Careers at Cwa Asset Management Group, LLC

The company employs 45 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Blaine Michael Ferguson Managing member/chief compliance officer 1 Aug 2011 25% - 50% 4799223
William Nick Beynon Managing member 1 Aug 2011 25% - 50% 2849087
Fundamental Global Investors Llc Owner 1 Jan 2013 50% - 75% 45-5182330
Fundamental Global Investors Owner 1 Jan 2013 50% - 75% 45-5182330
Jeffrey Lance Sutton Chief compliance officer 1 Oct 2015 Other 4244836

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Daniel Kyle Cerminara Owner 1 Jan 2013 25% - 50% 4202026
Lewis Mckay Johnson Owner 1 Jan 2013 25% - 50% 6095890
Joseph Hugh Moglia Owner 1 Jan 2013 25% - 50% 1302369

Based in Naples

The principal office where Cwa Asset Management Group, LLC performs its advisory services is located at 9130 Galleria Court, Naples, FL 34109, which is also the mailing address of the firm. An additional office of the firm is in Mooresville, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-434-7434 or by fax 239-434-7494. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at capitalwealthadvisors.com.

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