Cwcapital Investments LLC (Bethesda)


Cwcapital Investments LLC is a large advisory firm based in Bethesda. It manages $679.83 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Maryland.

Cwcapital Investments provides portfolio management for pooled investment vehicles and surveillance. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cwcapital Investments: assets under management

The assets under management (AUM) of Cwcapital Investments LLC is $679.83 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -93% since the beginning of its operation, and $660.62 million of the total AUM is attributable to clients outside of the United States.

The firm manages $679.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37.77 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cwcapital Investments LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Iannarone serves?

The only and largest group of clients of David Iannarone is pooled investment vehicles with 18 clients and $679.83 million of assets under management. Among the 7 most similar advisory firms, Cwcapital Investments has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $679.83 million for 18 clients. 79% of the firm’s clients are foreign persons or businesses.

Cwcapital Investments also advises several private funds. Namely, fifteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Cwcapital Investments LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

David Iannarone has been acting as President since 1 Sep 2010. Bruce Cunningham joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Cw Financial Serivces Llc Sole member 1 Jan 2004 75% - 100% 03-0433413
Michael Dexter Berman Manager 1 Jan 2004 Other 1500062
Todd Seigel Schuster Chief executive officer/manager 1 Jan 2004 Other 1507264
Richard Dansereau Manager 1 Jan 2004 Other 5126731
Tom Nolan Senior managing director/ chief credit officer 1 Jan 2004 Other 5411867
Jill R. Hyde Senior vice president/deputy general counsel 1 Jan 2004 Other 5389175
Tom Francis Nolan Senior managing director/ chief credit officer 1 Jan 2004 Other 5411867
Jill Dana Rosen Hyde Senior vice president/deputy general counsel 1 Jan 2004 Other 5389175
Charles Robert Spetka President 1 Oct 2004 Other 2269579
Sylvain Charpentier Manager 1 Oct 2004 Other 5126864
Scott D. Spelfogel General counsel 1 Jan 2006 Other 5389171
Carla R. Stoner Chief financial officer 1 Jan 2006 Other 5389173
Scott David Spelfogel General counsel 1 Jan 2006 Other 5389171
Carla Ramey Stoner Chief financial officer 1 Jan 2006 Other 5389173
Craig Walter Henrich Managing director 1 Apr 2006 Other 1952681
Daniel Phillip Warcholak Managing director 1 Apr 2006 Other 5765388
Jean Lamothe Manager 1 May 2008 Other 5613655
Todd K. Warren Chief compliance officer 1 Oct 2008 Other 5084058
Todd Kenneth Warren Chief compliance officer 1 Oct 2008 Other 5084058
Cedric Philipp Executive vice president/chief risk officer 1 Nov 2008 Other 5756777
Daniel Phillip Warcholak Managing director 1 Jan 2009 Other 5765388
Marie Giguere Manager 1 Jan 2009 Other 5030085
Michel Deslauriers Manager 1 Jan 2009 Other 5647976
Raymond Mcmanus Manager 1 Dec 2009 Other 5759640
David Iannarone President 1 Sep 2010 Other 5850993
Anthony B Tufariello Manager 1 Sep 2010 Other 1530550
Peter Martin Smith Manager 1 Sep 2010 Other 2814987
Constantine Michael Dakolias Manager 1 Sep 2010 Other 4109346
Hoffman T Amelia Senior vice president, associate general counsel & chief compliance officer 1 Jul 2013 Other 6225595
Daniel Thomas Ward General counsel 1 Sep 2013 Other 1619348
Kenneth Frank Managing director/head of credit 1 Mar 2014 Other 6316333
Bruce Cunningham Chief financial officer 1 Mar 2015 Other 6471157

Indirect Owners

The SEC currently registers 18 indirect owners.

Name Entity Date acquired Ownership Employer ID
Caisse De Depot Et Placement Du Quebec Sole member 1 Sep 1974 75% - 100% 00-0000000
Cobalt U.S. Inc. Sole member 1 Apr 2002 75% - 100% 98-0376782
Cobalt U.S. Holdings Inc. Sole member 1 Apr 2002 75% - 100% 98-0379839
Cdp Capital Conseil Immobilier Inc. Sole member 1 Apr 2002 75% - 100% 00-0000000
Cadim Inc. Sole member 1 Apr 2002 75% - 100% 00-0000000
Cobalt U.S. Holding Inc. Sole member 1 Apr 2002 75% - 100% 98-0379839
9197 5177 Quebec Inc. Sole member 1 Jan 2009 75% - 100% 00-0000000
Galaxy Cf Ust Investment Holdings Llc Member 1 Sep 2010 50% - 75% 27-3026696
Galaxy Cf Holdings Llc Member 1 Sep 2010 50% - 75% 27-3026921
Galaxy Pef Holdings Llc Member 1 Sep 2010 50% - 75% 27-3023250
Fortress Credit Opportunities Fund (B) Lp Member 1 Sep 2010 25% - 50% 26-1701442
Fts Sip L.P. Member 1 Sep 2010 25% - 50% 98-0602850
Fortress Investment Fund V (Fund A) Lp Member 1 Sep 2010 25% - 50% 98-0534591
Galaxy Acquisition Llc Sole member 1 Sep 2010 75% - 100% 27-3023466
Strategic Investment Portfolio L.P. Partner 1 Sep 2010 75% - 100% 98-0602816
Bt Pension Scheme Partner 1 Sep 2010 75% - 100% 52-1391596
Cwfs Holdings Llc Member 1 Oct 2011 75% - 100% 90-0766493
Cw Financial Services Holding Company Llc Member 1 Aug 2012 75% - 100% 99-9898995

Based in Bethesda

The principal office where Cwcapital Investments LLC performs its advisory services is located at 7501 Wisconsin Avenue, Bethesda, MD 20814, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-715-9500 or by fax 202-715-9699. The normal business hours are 9:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at cwcapital.com.