Cm Wealth Advisors Inc. (Beachwood)

Name: Cm Wealth Advisors Inc.
Address: 2000 Auburn Drive, Beachwood, OH, 44122 4327
Telephone: 216-831-9667

Cm Wealth Advisors Inc. is a large advisory firm based in Beachwood. It manages $3.12 billion of regulatory assets for 568 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Hawaii, and 5 other states.

Cm Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cm Wealth Advisors: assets under management

The assets under management (AUM) of Cm Wealth Advisors Inc. is $3.12 billion. The firm's AUM has grown by 233% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.86 billion in discretionary accounts and $256.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.28 million.

Cm Wealth Advisors has custody of $2.87 billion in cash and securities for 169 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 60% of the total AUM. The second-largest asset type is derivatives, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cm Wealth Advisors Inc. for their services and products based on a percentage of assets under management 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 John Edgar Kohl serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of John Edgar Kohl is high net worth individuals with 112 clients and $1.39 billion of assets under management. Among the 9 most similar advisory firms, Cm Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.12 billion for 169 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.

Cm Wealth Advisors also advises several private funds. Namely, ten other private funds and twenty one private equity funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Cm Wealth Advisors Inc.

The company employs 21 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 2 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.

John Edgar Kohl has been acting as President since 1 Apr 2002. David Carl Henkel joined the executive team most recently as the Executive Vice President, Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Clanco Irrevocable Trust	Sole shareholder	1 Jan 2002	75% - 100%	01-6197984
Douglas John Smorag	Senior vice president, treasurer, director	1 Apr 2002	Other	4586700
John Edgar Kohl	Director	1 Apr 2002	Other	273253
James William Wert	President & ceo, director	1 Jun 2003	Other	1468130
William James O'neill	Chairman, director	1 Jun 2003	Other	4604150
Allan Chace Anderson	Vice president	1 Jan 2005	Other	5123848
John Paul Batt	Vice president, secretary	1 Sep 2007	Other	5123846
Thomas Valentine David	Chief compliance officer	1 Jan 2011	Other	5648448
Cynthia Gardner Koury	Senior vice president, director	1 Mar 2014	Other	4940933
Karen Lysyk Greco	General counsel, secretary	1 Jul 2014	Other	6470428
Fred G Botek	Senior vice president, director	1 Sep 2015	Other	4360854
David Carl Henkel	Executive vice president, director	1 Mar 2018	Other	4682881
Neal Colby	Senior vice president & chief financial officer	1 Mar 2018	Other	6927206

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The William J. & Dorothy K. O'neill Foundation	Beneficiary of the trust	1 Jan 2002	75% - 100%	34-1560893
William James O'neill	Trustee	1 Jan 2002	Other	4604150
James William Wert	Chief executive officer	1 Jan 2002	Other	1468130
John Edgar Kohl	Trustee	1 Jan 2002	Other	273253
Douglas John Smorag	Chief financial officer	1 Jan 2002	Other	4586700
John Paul Batt	Chief legal officer	1 Jan 2005	Other	5123846

Based in Beachwood

The principal office where Cm Wealth Advisors Inc. performs its advisory services is located at 2000 Auburn Drive, Beachwood, OH 44122 4327, 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 216-831-9667 or by fax 216-831-3779. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at cmwealthadvisors.com.