Cumberland Advisors, Llc
- Regulatory AUM
- $3.2B
- Discretionary
- $3.2B
- Clients
- 1,236
- Avg AUM / client
- $2.6M
- Accounts
- 2,349
- Employees
- 36
AUM over time
Annual snapshots from Form ADV filings · as of Feb 02, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 885 | $993M | 30.9% |
| High net worth individuals | 206 | $718M | 22.3% |
| Pooled investment vehicles (non-investment companies) | 1 | $2.7M | 0.08% |
| Pension and profit sharing plans | 8 | $50.1M | 1.56% |
| Charitable organizations | 11 | $65.4M | 2.03% |
| State or municipal government entities | 5 | $65.6M | 2.04% |
| Insurance companies | 1 | $4.1M | 0.13% |
| Corporations and other businesses | 13 | $141M | 4.39% |
| Other | 106 | $1.2B | 36.6% |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Sanford Health Foundation EIN 363297853 | Sioux Falls, SD | 12/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 2024 | |
| Bil Jim Construction Co., Inc. & Maple Lake Inc. Employees' Pension Plan Bil Jim Construction Company, Inc. | 2024 | |
| F&S Produce Co., Inc. 401(k) Profit Sharing Plan F&S Produce Company, Inc. | 2024 |
People (26)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| John Robert Mousseau | Ceo, Director, Shareholder | CFA | Jan 2001 (26y) | 10% – 25% |
| Echevarria, Maribel, No Middle Name | Sr. Vice President, Shareholder | Mar 2005 (21y) | Less than 5% | |
| Eisenbeis, Robert, Allen | Vice Chairman, Director, Shareholder | Jan 2011 (16y) | 5% – 10% | |
| Matthew Craig Mcaleer | President, Director, Shareholder | Feb 2014 (12y) | Less than 5% | |
| Lyle, Timothy, James | Chief Compliance Officer | Mar 2018 (8y) | Less than 5% | |
| Donato, Lawrence, Edward | Director, Shareholder | Apr 2018 (8y) | 5% – 10% | |
| Kotok, David, Raphael | Cio, Director & Shareholder | Apr 2018 (8y) | 5% – 10% | |
| Lopez, Daisy, Gloria | Executive Vice President, Director, Shareholder | Apr 2018 (8y) | 10% – 25% | |
| Marcus, Jerome, Irwin | Director, Shareholder | Apr 2018 (8y) | 10% – 25% | |
| Michael Dennis Mcniven | Sr. Vice President, Shareholder | Apr 2018 (8y) | Less than 5% | |
| Patricia Mary Healy | Sr Vice President, Shareholder | CFA | Apr 2018 (8y) | Less than 5% |
| Sparks, David, Emerson | Chairman, Shareholder | Apr 2018 (8y) | 10% – 25% | |
| Streit, Phyllis, Ann | Cfo, Secretary, Treasurer, Director, Shareholder | Apr 2018 (8y) | 5% – 10% | |
| Mark James Myers | Chief Operating Officer, Shareholder | Oct 2018 (8y) | Less than 5% | |
| Benjamin Curtis Pease | Managing Director Fixed Income & Chief Innovation Officer | Oct 2023 (3y) | Less than 5% | |
| Shaun Michael Burgess | Registered representative | Jun 2014 (12y) | ||
| Donna Marie Jackson | Registered representative | Sep 2014 (12y) | ||
| Daniel Todd Himelberger | Registered representative | Oct 2014 (12y) | ||
| Michael Guy Blackmon | Registered representative | CFA | Nov 2016 (10y) | |
| Charles William Metzler | Registered representative | CFP | Sep 2021 (5y) | |
| David William Berson | Registered representative | Feb 2023 (3y) | ||
| Martina Kirsten Schmidt | Registered representative | Jul 2024 (2y) | ||
| Austin Michael Hackenberg | Registered representative | Dec 2024 (2y) | ||
| Ira Glenn Baron | Registered representative | Jun 2025 (1y) | ||
| Rengan Krishnakumar | Registered representative | CFP | Jun 2025 (1y) | |
| Kevin Kowalczyk | Registered representative | Sep 2025 (1y) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund | Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 676 | $63.2M | 06/01/2024 |
| Bil Jim Construction Co., Inc. & Maple Lake Inc. Employees' Pension Plan | Bil Jim Construction Company, Inc. | 35 | $1.9M | 01/01/2024 |
| F&S Produce Co., Inc. 401(k) Profit Sharing Plan | F&S Produce Company, Inc. | 1,727 | $10.4M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Sanford Health Foundation | Public charity | $1.3B | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/02/2026 | 1.08 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Other fees
- • MODEL DELIVERY FEES
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Market timing services
- • Other services
Custody
Reported custodians
- Morgan Stanley $740M (23% of AUM) Feb 2026
- Charles Schwab & Co. $555M (17% of AUM) Feb 2026
- Fidelity Brokerage Services $522M (16% of AUM) Feb 2026
- U.S. Bancorp Investments, Inc. $492M (15% of AUM) Feb 2026
- Pershing $450M (14% of AUM) Feb 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 02, 2026.
View current Form ADV (SEC/IAPD) ↗