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Est. 2026The front page of wealth managementNew York

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RIA comparison · SEC Form ADV

CW Advisors, LLC vs Freestone Capital Management, LLC

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

CW Advisors, LLC is the larger of the two, with $15B in regulatory assets to $15B at Freestone Capital Management, LLC, 5% more than its rival, by their latest Form ADV filings. CW Advisors, LLC reports more individual clients (6,426 vs 2,906), while Freestone Capital Management, LLC’s clients hold more on average (about $3.9 million each against $2.2 million). CW Advisors, LLC is based in Boston, Massachusetts and Freestone Capital Management, LLC in Seattle, Washington.

FigureCW Advisors, LLCFreestone Capital Management, LLC
Regulatory AUM$15B$15B
National rank#63#65
HeadquartersBoston, MassachusettsSeattle, Washington
Individual clients6,4262,906
High-net-worth clients3,2571,337
Average client assets$2.2 million$3.9 million
Accounts23,7564,494
Discretionary97% of AUM69% of AUM
Employees152120
Advisory staff8946
Clients per advisory employee7263
Offices255
Form ADV filed2026-08-262026-06-29

CW Advisors, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Freestone Capital Management, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for pooled investment vehicles
  • Selecting other advisers
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Fixed fees
  • Performance-based fees

Questions

Which is bigger, CW Advisors, LLC or Freestone Capital Management, LLC?

CW Advisors, LLC, with $15B in regulatory assets under management against $15B at Freestone Capital Management, LLC. Nationally they rank #63 and #65 among 5,657 independent wealth management RIAs.

How many clients do CW Advisors, LLC and Freestone Capital Management, LLC have?

CW Advisors, LLC reports 6,426 individual clients (3,257 high-net-worth) with 89 advisory employees; Freestone Capital Management, LLC reports 2,906 (1,337 high-net-worth) with 46 advisory employees.

How do CW Advisors, LLC and Freestone Capital Management, LLC charge clients?

Only CW Advisors, LLC lists hourly charges on Form ADV. Only Freestone Capital Management, LLC lists performance-based fees. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do CW Advisors, LLC and Freestone Capital Management, LLC offer?

CW Advisors, LLC lists portfolio management for businesses and institutions; pension consulting, which Freestone Capital Management, LLC does not. Freestone Capital Management, LLC lists educational seminars and workshops, which CW Advisors, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for pooled investment vehicles; selecting other advisers.

More comparisons

Where these numbers come from

Every figure is the firm’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). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: CW Advisors, LLC ↗, Freestone Capital Management, LLC ↗. How to check a financial advisor →