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CWM, LLC
CRD 155344File 801-72037
APPROVED
Retail clients
Custody
Filing as of Sep 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$50.58B
Top 10% of cohort (national)
Discretionary AUM
$49.46B
Non-discretionary $1.12B
Clients
52,669
154,206 accounts
Employees
1,416
Top 10% of cohort in NE
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- DRO
- Registration date
- Jan 3, 2011
- Principal office
- 14600 BRANCH ST., OMAHA, NE, 68154
- Phone
- 402-330-0808
- Website
- https://www.nwcm.com/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $50.58B
- Discretionary AUM
- $49.46B
- Non-discretionary AUM
- $1.12B
- Discretionary accounts
- 146,763
- Non-discretionary accounts
- 7,443
- Total accounts
- 154,206
- AUM per client
- $960K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 339 | $2.52B |
| High net worth individuals | 7,231 | $21.91B |
| Pension and profit sharing plans | 67 | $2.28B |
| Individuals (other than high net worth individuals) | 45,032 | $23.87B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Fixed fees
- Hourly charges
- Other (described) — SOLICITOR FEES FROM OTHER INVESTMENT ADVISORS
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- 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
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Mar 1, 2026 | Employees | 1,314 | 1,416 | increased by102 |
| Mar 1, 2026 | Clients | 43,706 | 52,669 | increased by8,963 |
| Mar 1, 2026 | AUM | $33,775,526,748 | $50,579,657,663 | increased by$16,804,130,915 |
| Mar 1, 2026 | Accounts | 124,944 | 154,206 | increased by29,262 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 990 | 1,314 | increased by324 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 34,436 | 43,706 | increased by9,270 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $18,849,130,646 | $33,775,526,748 | increased by$14,926,396,102 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 91,568 | 124,944 | increased by33,376 |
| Sep 1, 2022 | Clients | 31,626 | 34,436 | increased by2,810 |
| Sep 1, 2022 | AUM | $19,949,200,065 | $18,849,130,646 | decreased by$1,100,069,419 |
| Sep 1, 2022 | Accounts | 82,314 | 91,568 | increased by9,254 |
| Apr 1, 2022 | Employees | 854 | 990 | increased by136 |
| Apr 1, 2022 | Clients | 27,944 | 31,626 | increased by3,682 |
| Apr 1, 2022 | AUM | $15,210,614,390 | $19,949,200,065 | increased by$4,738,585,675 |
| Apr 1, 2022 | Accounts | 71,152 | 82,314 | increased by11,162 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “CWM” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“CWM” 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.