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CAIN, WATTERS & ASSOCIATES, LLC
CRD 111521File 801-39899
APPROVED
Retail clients
Custody
Filing as of Jun 4, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$5.04B
Top 25% of cohort (national)
Discretionary AUM
$2.38B
Non-discretionary $2.65B
Clients
2,275
12,138 accounts
Employees
341
Top 10% of cohort in TX
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- FWRO
- Registration date
- Sep 30, 1991
- Principal office
- 17 COWBOYS WAY, SUITE 300, FRISCO, TX, 75034
- Phone
- 972-233-3323
- Website
- https://www.cainwatters.com/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $5.04B
- Discretionary AUM
- $2.38B
- Non-discretionary AUM
- $2.65B
- Discretionary accounts
- 8,623
- Non-discretionary accounts
- 3,515
- Total accounts
- 12,138
- AUM per client
- $2.2M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Charitable organizations | 1 | $1.9M |
| High net worth individuals | 800 | $2.51B |
| Individuals (other than high net worth individuals) | 1,474 | $425.6M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Other
- Financial planning services
- Selection of other advisers
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- Yes
- Related Person Custody Assets
- No
- Related Person Custody Clients
- Yes
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 3,397 | 2,275 | decreased by1,122 |
| Apr 1, 2026 | Employees | 337 | 341 | increased by4 |
| Apr 1, 2026 | Clients | 3,168 | 3,397 | increased by229 |
| Apr 1, 2026 | AUM | $4,237,891,280 | $5,036,805,273 | increased by$798,913,993 |
| Apr 1, 2026 | Accounts | 10,602 | 12,138 | increased by1,536 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 225 | 337 | increased by112 |
| May 1, 2025 vs Oct 1, 2022 | Disclosures | Yes | No | |
| May 1, 2025 vs Oct 1, 2022 | Clients | 3,075 | 3,168 | increased by93 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $2,753,384,041 | $4,237,891,280 | increased by$1,484,507,239 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 6,872 | 10,602 | increased by3,730 |
| Apr 1, 2022 | Employees | 155 | 225 | increased by70 |
| Apr 1, 2022 | Clients | 2,285 | 3,075 | increased by790 |
| Apr 1, 2022 | AUM | $2,179,283,661 | $2,753,384,041 | increased by$574,100,380 |
| Apr 1, 2022 | Accounts | 6,452 | 6,872 | increased by420 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “CAIN WATTERS” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“CAIN WATTERS” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.