DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Cwm Partners, LLC
Latest filing Mar 24, 2026
First filing on the tape Nov 27, 2018 · 17 filings
SEC status approved since Jan 28, 2019
RAUM
$59.8M
reported, Item 5.F
Discretionary
2.9%
of RAUM
Private clients
97%
$58.0M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$29.9M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$59.8M as of Mar 24, 2026
Mar 5, 2020$38.4M then
HNW client RAUM$58.0M as of Mar 24, 2026
Mar 5, 2020$38.4M then
State-registered IARs (5.B.3)2 as of Mar 24, 2026
Mar 5, 20201 then
Employees (5.A)3 as of Mar 24, 2026
Mar 5, 20202 then
Private funds: no history
RAUM +6.1% over the last fiscal year+2.8% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $29.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 1derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $29.0MderivedHNW RAUM over HNW clients
- Average account
- $4.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 2.9%derivedof RAUM
- Institutional
- 3.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -80%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$58.0M97%
- Charitable organizations$1.9M3.1%
- Individual clients
- 0reported
- HNW clients
- 2reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 15reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael WarszawskiChartered Financial Analyst | New York, Ny | May 10, 2021 | 23 y | 1 |
| Mariluz Nunez | New York, Ny | Jun 13, 2022 | 15 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Mariluz Nunez from Manchester Capital Management LLCJun 13, 2022 · RIA to RIA
- Michael Warszawski from Manchester Capital Management LLCMay 10, 2021 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Warszawski · Ceo And Ccocontrolsince 11/2018 · owns 75% or more
- Cristina Markman · Ownersince 01/2022 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New York, Ny | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 24, 2026custody of client assets (Item 9.A): yes on the filing of 2025-04-01, no on the filing of 2026-03-24peers: independent wealth managers, under $100M (704)
What changed
consecutive filings, newest first
- Accounts · 24 to 15Apr 1, 2025 to Mar 24, 2026
- Charity clients · 3 to 2Apr 1, 2025 to Mar 24, 2026
- HNW clients · 10 to 2Apr 1, 2025 to Mar 24, 2026
- Assets in custody · 0.0 to unsetApr 1, 2025 to Mar 24, 2026
- Custody of client assets · true to falseApr 1, 2025 to Mar 24, 2026
- Discretionary RAUM · $5.0M to $1.8MApr 1, 2025 to Mar 24, 2026
- HNW RAUM · $54.3M to $58.0MApr 1, 2025 to Mar 24, 2026
- Non-discretionary RAUM · $51.4M to $58.1MApr 1, 2025 to Mar 24, 2026
- RAUM · $56.4M to $59.8MApr 1, 2025 to Mar 24, 2026
- Financial planning clients · 1-10 to 1-10Feb 19, 2025 to Apr 1, 2025
- Accounts · 26 to 24Mar 25, 2024 to Feb 19, 2025
- Charity clients · 2 to 3Mar 25, 2024 to Feb 19, 2025
- HNW clients · 12 to 10Mar 25, 2024 to Feb 19, 2025
- Assets in custody · $1.4M to $0Mar 25, 2024 to Feb 19, 2025
- HQ city · unset to Mar 25, 2024 to Feb 19, 2025
- HQ state · unset to Mar 25, 2024 to Feb 19, 2025
- Discretionary RAUM · $4.4M to $5.0MMar 25, 2024 to Feb 19, 2025
- HNW RAUM · $61.6M to $54.3MMar 25, 2024 to Feb 19, 2025
- Non-discretionary RAUM · $57.9M to $51.4MMar 25, 2024 to Feb 19, 2025
- RAUM · $62.4M to $56.4MMar 25, 2024 to Feb 19, 2025
- Accounts · 24 to 26Mar 6, 2023 to Mar 25, 2024
- Advisory activities · 3 to 4Mar 6, 2023 to Mar 25, 2024
- Charity clients · 1 to 2Mar 6, 2023 to Mar 25, 2024
- HNW clients · 4 to 12Mar 6, 2023 to Mar 25, 2024
- Assets in custody · unset to 1391395.0Mar 6, 2023 to Mar 25, 2024
- Custody of client assets · false to trueMar 6, 2023 to Mar 25, 2024
- Employees · 2 to 3Mar 6, 2023 to Mar 25, 2024
- Discretionary RAUM · $3.2M to $4.4MMar 6, 2023 to Mar 25, 2024
- HNW RAUM · $54.7M to $61.6MMar 6, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $51.8M to $57.9MMar 6, 2023 to Mar 25, 2024
- RAUM · $55.1M to $62.4MMar 6, 2023 to Mar 25, 2024
- Accounts · 17 to 24Aug 29, 2022 to Mar 6, 2023
- Charity clients · 0 to 1Aug 29, 2022 to Mar 6, 2023
- HNW clients · 8 to 4Aug 29, 2022 to Mar 6, 2023
- Discretionary RAUM · $4.6M to $3.2MAug 29, 2022 to Mar 6, 2023
- HNW RAUM · $58.1M to $54.7MAug 29, 2022 to Mar 6, 2023
- Non-discretionary RAUM · $53.5M to $51.8MAug 29, 2022 to Mar 6, 2023
- RAUM · $58.1M to $55.1MAug 29, 2022 to Mar 6, 2023
- Advisory employees · 1 to 2Mar 8, 2022 to Aug 29, 2022
- Employees · 1 to 2Mar 8, 2022 to Aug 29, 2022
Signals
1 dated events
- Cwm Partners, Llc filed its initial SEC registration (Form ADV)Nov 27, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 646-546-5275reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- cwm-partners.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (646) 546-5275reportedpublic record, Form ADV, Mar 24, 2026
- Team page
- cwm-partners.com/our-teamreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $29.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026