Wealth manager, independent · Phoenix, AZ
AWM Capital, LLC
SEC-registered investment adviser · CRD 287980 · SEC 801-114373
At a glance
AWM Capital, LLC is an SEC-registered investment adviser based in Phoenix, Arizona, with $1.5B in regulatory assets under management as of its Form ADV filed March 13, 2026. It reports 455 individual clients, 236 of them high-net-worth, holding an average of about $3.0 million each, and 38 employees. That ranks it 741st among the nation’s 5,657 independent wealth management RIAs and 13th of 125 in Arizona. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 323-940-1339awmcap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #741 of 5,657
- Rank among all SEC RIAs
- #4,288 of 17,210
- Rank in Arizona
- #13 of 125
- Individual clients
- 455
- High-net-worth clients
- 236
- Accounts
- 2,885
- Discretionary
- 100% of AUM
- Employees
- 38
- Advisory staff
- 28
- Offices
- 6
Owners and executives on its Form ADV
- Brandon L. AverillPartner
- Erik D. AverillMember
- Robert D. McConchieMember
- David R. PenniallMember
- Justin M. DyerMember
- Debra B. LynchChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
AWM Capital, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 236 | $1.3B | 87% |
| Pooled investment vehicles | 12 | $111M | 7% |
| Individuals | 219 | $75M | 5% |
| Charitable organizations | – | $6M | <1% |
| Pension and profit sharing plans | – | $1M | <1% |
Private funds
AWM Capital, LLC reports 10 private funds with $108M in gross assets: venture capital funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
AWM Capital, LLC answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗awmcap.com ↗
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The full record on AWM Capital, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 6 years of filings
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- Growth over one, three and five years
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- Rank against 2,537 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Arizona
All of Arizona →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Verus Capital Partners, LLCScottsdale | $2.3B | 5,086 |
| Versant Capital Management, Inc.Phoenix | $1.8B | 466 |
| Ironwood Investment Counsel, LLCScottsdale | $1.8B | 549 |
| Total Investment Management, Inc.Scottsdale | $1.4B | 1,184 |
| MSH Capital Advisors LLCScottsdale | $1.3B | 2,257 |
| Fortitude Family OfficeScottsdale | $1.3B | 407 |
Background
Questions
How much does AWM Capital, LLC manage?
AWM Capital, LLC reports $1.5B in regulatory assets under management across 2,885 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 13, 2026.
How many clients does AWM Capital, LLC have?
It reports 455 individual clients: 236 high-net-worth individuals and 219 other individuals. Individuals account for about 92% of its regulatory assets.
Where is AWM Capital, LLC headquartered?
Its main office is in Phoenix, Arizona. It reports 6 offices in total and 38 employees, 28 of whom perform investment advisory functions.
How does AWM Capital, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does AWM Capital, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 13, 2026, it reports these amounts held: Charles Schwab ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is AWM Capital, LLC a hybrid RIA with a broker-dealer?
AWM Capital, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is AWM Capital, LLC a fiduciary?
As an SEC-registered investment adviser, AWM Capital, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is AWM Capital, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-13), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →