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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

CAPITAL WEALTH ALLIANCE, LLC

CRD 298257

SCOTTSDALE, AZ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:95bbd52d-67bc-cfd9-f8b3-9667569a2da5

Data as of Aug 1, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 11:27 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 5
On other graphs: 0
Observed: Aug 16, 2018 to Aug 1, 2026
32 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0
Regulatory AUM: $300MItem 5.F on the latest filing (2026-08-01); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $299M
Private client RAUM: $300MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 3
RAUM per advisor: $100Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 5
Advisory employees: 3
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 861
Individual clients: 289
High net worth clients: 59
SEC number: 801-113992
CRD: 298257
Filings on the tape: 32
First filed: Aug 16, 2018
Latest filed: Aug 1, 2026
Organised: Limited Liability Company, AZ
Website: capitalwealthalliance.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
BRENT MICHAEL CARMAN	n/a	SCOTTSDALE, AZ	7	22	5	no
JUSTIN LAURENCE CAIRNS	Chartered Financial Consultant	SCOTTSDALE, AZ	7	20	1	yes
Robert D Wong	n/a	SCOTTSDALE, AZ	7	32	1	yes

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
CARMAN, BRENT, MICHAEL	MANAGING PARTNER	D	yes	07/2018	Aug 16, 2018	Nov 12, 2024
Wong, Robert, D	MANAGING PARTNER/ CHIEF COMPLIANCE OFFICER	D	yes	07/2018	Aug 16, 2018	Nov 12, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
CAPITAL WEALTH INSURANCE	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 9, 2026	$300M	$299M	5	3	0	n/a	n/a
2024	Mar 5, 2025	$220M	$220M	5	3	0	n/a	n/a
2023	Feb 27, 2024	$236M	$236M	9	4	1	n/a	n/a
2022	Mar 8, 2023	$218M	$218M	7	5	1	n/a	n/a
2021	Mar 18, 2022	$266M	$266M	9	6	1	n/a	n/a
2020	Mar 8, 2021	$242M	$242M	11	6	1	n/a	n/a
2019	Feb 21, 2020	$160M	$160M	8	5	0	n/a	n/a
2018	Mar 13, 2019	$143M	$143M	7	5	0	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	1

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$300M	$220M	36.2%	$218M	11.2%	5	5	0	0

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC	3	Oct 2, 2018	Oct 4, 2018	SCOTTSDALE, AZ	Team lift out	Ibd to new firm	0.1%

Relationships

Registered with (5)

← Robert D WongAdvisorregistration: current employment
Oct 4, 2018 to presentfactForm ADV
← BRENT MICHAEL CARMANAdvisorregistration: current employment
Oct 1, 2018 to presentfactForm ADV
← JUSTIN LAURENCE CAIRNSAdvisorregistration: current employment
Oct 1, 2018 to presentfactForm ADV
← TERRY DEE COXAdvisorregistration: previous registration
Jul 2, 2020 to Jul 9, 2024factForm ADV
← CURTIS LEE SMITHAdvisorregistration: previous registration
Oct 3, 2018 to Oct 13, 2022factForm ADV

Controls (2)

← Wong, Robert, DOwnerMANAGING PARTNER/ CHIEF COMPLIANCE OFFICER, ownership code D, individual
Aug 16, 2018 to Nov 12, 2024factForm ADV
← CARMAN, BRENT, MICHAELOwnerMANAGING PARTNER, ownership code D, individual
Aug 16, 2018 to Nov 12, 2024factForm ADV

Moved with (1)

← RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INCRegistered adviser3 advisors, team lift out
Oct 2, 2018 to Oct 4, 2018factForm ADV

Dated events

Occurred
Jul 9, 2024
Advisor changed firm
Terry Dee Cox left Capital Wealth Alliance, Llc for Encompass More Asset Management Llc (registered 2024-07-01)
Form ADVobserved 6 days ago
Occurred
Feb 27, 2024
Control person left
Gary Richard Merican (Managing Partner) no longer on Schedule A of Capital Wealth Alliance, Llc (listed 2023-03-08, absent 2024-02-27)
Form ADVobserved 6 days ago
Occurred
Oct 18, 2022
Control person left
Lee Curtis Smith (Managing Partner) no longer on Schedule A of Capital Wealth Alliance, Llc (listed 2022-05-05, absent 2022-10-18)
Form ADVobserved 6 days ago
Occurred
Oct 13, 2022
Advisor changed firm
Curtis Lee Smith left Capital Wealth Alliance, Llc for Avior Wealth Management, Llc (registered 2022-10-14)
Form ADVobserved 6 days ago
Occurred
Aug 16, 2018
First Form ADV filing
Capital Wealth Alliance filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:95bbd52d-67bc-cfd9-f8b3-9667569a2da5
First observed: Aug 16, 2018
Last observed: Aug 1, 2026 51 days ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

CAPITAL WEALTH ALLIANCE, LLC

CRD 298257

SCOTTSDALE, AZ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:95bbd52d-67bc-cfd9-f8b3-9667569a2da5

Data as of Aug 1, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 11:27 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

BRENT MICHAEL CARMAN

n/a

SCOTTSDALE, AZ

JUSTIN LAURENCE CAIRNS

Chartered Financial Consultant

SCOTTSDALE, AZ

yes

Robert D Wong

n/a

SCOTTSDALE, AZ

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CARMAN, BRENT, MICHAEL

MANAGING PARTNER

yes

07/2018

Aug 16, 2018

Nov 12, 2024

Wong, Robert, D

MANAGING PARTNER/ CHIEF COMPLIANCE OFFICER

yes

07/2018

Aug 16, 2018

Nov 12, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

CAPITAL WEALTH INSURANCE

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 9, 2026

$300M

$299M

n/a

2024

Mar 5, 2025

$220M

n/a

2023

Feb 27, 2024

$236M

n/a

2022

Mar 8, 2023

$218M

n/a

2021

Mar 18, 2022

$266M

n/a

2020

Mar 8, 2021

$242M

n/a

2019

Feb 21, 2020

$160M

n/a

2018

Mar 13, 2019

$143M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$300M

$220M

36.2%

$218M

11.2%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC

Oct 2, 2018

Oct 4, 2018

SCOTTSDALE, AZ

Team lift out

Ibd to new firm

0.1%