Wealth manager, independent · Boston, MA
CW Advisors, LLC
SEC-registered investment adviser · CRD 310873 · SEC 801-119667
At a glance
CW Advisors, LLC is an SEC-registered investment adviser based in Boston, Massachusetts, with $15B in regulatory assets under management as of its Form ADV filed August 26, 2026. It reports 6,426 individual clients, 3,257 of them high-net-worth, holding an average of about $2.2 million each, and 152 employees. That ranks it 63rd among the nation’s 5,657 independent wealth management RIAs and 5th of 202 in Massachusetts. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 617-428-7600cwadvisorsgroup.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $15B
- Rank among independent wealth managers
- #63 of 5,657
- Rank among all SEC RIAs
- #1,038 of 17,210
- Rank in Massachusetts
- #5 of 202
- Individual clients
- 6,426
- High-net-worth clients
- 3,257
- Accounts
- 23,756
- Discretionary
- 97% of AUM
- Employees
- 152
- Advisory staff
- 89
- Offices
- 25
Owners and executives on its Form ADV
- Richard J. VilliottePresident, Chief Operating Officer
- Candace CavalierChief Compliance Officer and General Counsel
- Erin M. WendellChief Financial Officer
- Kenneth R. ZannoniPresident and Chief Wealth Officer
- Scott W. Dell'orfanoChief Executive Officer
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It names affiliated broker-dealers: Ladenburg Thalmann & Co. Inc., Osaic Services, Inc. and Osaic Wealth, Inc..
- Ladenburg Thalmann & Co. Inc. ↗CRD 505
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
- Osaic Services, Inc. ↗CRD 133763
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Osaic Wealth, Inc. ↗CRD 23131
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 3,257 | $13B | 85% |
| Individuals | 3,169 | $1.4B | 9% |
| Other investment advisers | 7 | $304M | 2% |
| Pension and profit sharing plans | 61 | $295M | 2% |
| Corporations or other businesses | 23 | $149M | <1% |
| Charitable organizations | 24 | $42M | <1% |
| Pooled investment vehicles | 1 | $33M | <1% |
| Banking or thrift institutions | – | $1M | <1% |
Private funds
CW Advisors, LLC reports 4 private funds with $29M in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
CW Advisors, LLC answers yes to 4 disclosure items 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
- 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
Form ADV and brochures on the SEC’s adviser search ↗cwadvisorsgroup.com ↗
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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, 5 years of filings
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- Growth over one, three and five years
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- Rank against 276 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 Massachusetts
All of Massachusetts →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Integrated Wealth Concepts LLCWaltham | $24B | 29,187 |
| RWA Wealth PartnersBoston | $20B | 5,951 |
| Ballentine PartnersWaltham | $15B | 342 |
| Loring, Wolcott & Coolidge Fiduciary Advisors, LLPBoston | $13B | 3,214 |
| Choate Investment AdvisorsBoston | $10B | 614 |
| Welch & Forbes LLCBoston | $9.9B | 643 |
Compare CW Advisors, LLC with
- CW Advisors, LLC vs Osaic Advisory Services, LLC $15B · Atlanta, GA
- CW Advisors, LLC vs Ballentine Partners $15B · Waltham, MA
- CW Advisors, LLC vs CV Advisors LLC $15B · Aventura, FL
- CW Advisors, LLC vs Freestone Capital Management, LLC $15B · Seattle, WA
- CW Advisors, LLC vs Loring, Wolcott & Coolidge Fiduciary Advisors, LLP $13B · Boston, MA
Background
Questions
How much does CW Advisors, LLC manage?
CW Advisors, LLC reports $15B in regulatory assets under management across 23,756 accounts, 97% of it on a discretionary basis, on its Form ADV filed August 26, 2026.
How many clients does CW Advisors, LLC have?
It reports 6,426 individual clients: 3,257 high-net-worth individuals and 3,169 other individuals. Individuals account for about 95% of its regulatory assets.
Where is CW Advisors, LLC headquartered?
Its main office is in Boston, Massachusetts. It reports 25 offices in total and 152 employees, 89 of whom perform investment advisory functions.
How does CW Advisors, 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 CW Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed August 26, 2026, it reports these amounts held: Fidelity ($7.6B); Charles Schwab ($6.6B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is CW Advisors, LLC a hybrid RIA with a broker-dealer?
It names affiliated broker-dealers: Ladenburg Thalmann & Co. Inc., Osaic Services, Inc. and Osaic Wealth, Inc..
Is CW Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, CW Advisors, 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 CW Advisors, 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 (2026-08-26), 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 →