Cw Advisors, Llc
- Regulatory AUM
- $15.2B
- Discretionary
- $14.8B
- Clients
- 6,542
- Avg AUM / client
- $2.3M
- Accounts
- 23,756
- Employees
- 152
AUM over time
Annual snapshots from Form ADV filings · as of Jul 09, 2026
Asset allocation (SMA assets by investment type)
as of Jul 09, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 3,169 | $1.4B | 9.38% |
| High net worth individuals | 3,257 | $13.0B | 85.2% |
| Banking or thrift institutions | Fewer than 5 clients | $919K | 0.01% |
| Pooled investment vehicles (non-investment companies) | 1 | $33.0M | 0.22% |
| Pension and profit sharing plans | 61 | $295M | 1.94% |
| Charitable organizations | 24 | $41.5M | 0.27% |
| Other investment advisers | 7 | $304M | 1.99% |
| Corporations and other businesses | 23 | $149M | 0.98% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $147M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Congress Wealth Management Enhanced Yield Lp | Private Equity Fund | Delaware | $94.9M | 89 |
| Aspera Limited Partnership | Other Private Fund | Massachusetts | $26.4M | 50 |
| Mja Special Opportunities Fund, Lp | Other Private Fund | Virginia | $14.1M | 56 |
| Cwm Private Equity Growth Fund Llc master | Private Equity Fund | Massachusetts | $6.8M | 15 |
| Cwm Social Impact Fund Lcc master | Private Equity Fund | Massachusetts | $4.3M | 14 |
People (94)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lonergan, Paul, Andrew | Chief Executive Officer | Feb 2009 (18y) | Less than 5% | |
| Villiotte, Richard, James | President, Chief Operating Officer | Feb 2009 (18y) | Less than 5% | |
| Cavalier, Candace | Chief Compliance Officer And General Counsel | Jul 2017 (9y) | Less than 5% | |
| Kenneth Richard Zannoni | President And Chief Wealth Officer | CFP | Oct 2020 (6y) | Less than 5% |
| Wendell, Erin, Marie | Chief Financial Officer | Dec 2021 (5y) | Less than 5% | |
| Christopher John Bleuher | Registered representative | Oct 2020 (6y) | ||
| Clinton Dean Lynch | Registered representative | CFP | Oct 2020 (6y) | |
| John Chrisom Berry | Registered representative | Oct 2020 (6y) | ||
| Michael John Murphy | Registered representative | CFA | Oct 2020 (6y) | |
| Robert Edward Driscoll | Registered representative | Oct 2020 (6y) | ||
| Christine Winters Lawless | Registered representative | CFP | Oct 2020 (6y) | |
| Michael William Galvin | Registered representative | CFP | Oct 2020 (6y) | |
| Siobhaun Maus Johnson | Registered representative | CFP | Nov 2020 (6y) | |
| Jennifer Rice Gates | Registered representative | Nov 2020 (6y) | ||
| David John Costigan | Registered representative | CFP | Nov 2020 (6y) | |
| Michael Kevin Harty | Registered representative | CFA | Nov 2020 (6y) | |
| David Brad Kauffman | Registered representative | CFP | Apr 2021 (5y) | |
| Jeffrey Keith Troll | Registered representative | CFP CFA | Apr 2021 (5y) | |
| Joshua Kenworthy Rivers | Registered representative | CFP | Apr 2021 (5y) | |
| Michael Andrew Hamolia | Registered representative | CFP | Apr 2021 (5y) | |
| Michael Edward Shires | Registered representative | CFP | Apr 2021 (5y) | |
| Thomas William Raynor | Registered representative | CFP | Apr 2021 (5y) | |
| May H Cheung | Registered representative | CFP | Apr 2021 (5y) | |
| Stephen Olan Wright | Registered representative | CFP | Apr 2021 (5y) | |
| Lisa Ann Cassidy | Registered representative | Jul 2021 (5y) | ||
| Michael K Green | Registered representative | CFP | Sep 2021 (5y) | |
| Brendan Michael Collins | Registered representative | CFP | Nov 2021 (5y) | |
| Robert Henry Breslin | Registered representative | CFP | May 2022 (4y) | |
| Roxanne Elizabeth Fleszar | Registered representative | CFP Chartered Financial Consultant | Sep 2022 (4y) | |
| Debra Cloud Kriebel | Registered representative | CFP | Sep 2022 (4y) | |
| Joseph A Levy | Registered representative | CFP | Oct 2022 (4y) | |
| Mindy Ellen Gasthalter | Registered representative | CFP | Oct 2022 (4y) | |
| Meghan Patricia Lee | Registered representative | CFP | May 2023 (3y) | |
| Matthew Parker Bean | Registered representative | Jun 2023 (3y) | ||
| Sean Patrick Dillon | Registered representative | Jun 2023 (3y) | ||
| Richard Ernest Milburn | Registered representative | CFA | Sep 2023 (3y) | |
| Gary Paul Droz | Registered representative | Sep 2023 (3y) | ||
| David Saul Turbiner | Registered representative | Sep 2023 (3y) | ||
| Eric Oscar Zeltner | Registered representative | CFP | Sep 2023 (3y) | |
| Jude Arthur Kotarides | Registered representative | Personal Financial Specialist | Dec 2023 (3y) | |
| Brendan Michael Lortie | Registered representative | CFP | Feb 2024 (2y) | |
| Emily Rose Kamen | Registered representative | CFP | Jun 2024 (2y) | |
| Jared Michael Reilly | Registered representative | CFP | Jun 2024 (2y) | |
| Kenneth Alan Kamen | Registered representative | Jun 2024 (2y) | ||
| Reginald William Burroughs | Registered representative | CFP | Jun 2024 (2y) | |
| Jamie Lee Malone | Registered representative | CFP CFA | Aug 2024 (2y) | |
| Marilee Anne Falco | Registered representative | CFP Chartered Financial Consultant | Aug 2024 (2y) | |
| Michael Joyce | Registered representative | CFP | Aug 2024 (2y) | |
| Sarah Elizabeth Caine | Registered representative | CFP | Aug 2024 (2y) | |
| Jennifer Kristine De Sisto | Registered representative | CFA | Oct 2024 (2y) | |
| Nathaniel David Robinson | Registered representative | CFP | Oct 2024 (2y) | |
| Frank Paul Lombardi | Registered representative | Oct 2024 (2y) | ||
| Carl Wesley Noble | Registered representative | CFA | Jan 2025 (2y) | |
| Jennifer Mary Adams | Registered representative | CFP | Jan 2025 (2y) | |
| Mark Khozozian | Registered representative | CFP | Jan 2025 (2y) | |
| William Joseph D'agostino | Registered representative | Jan 2025 (2y) | ||
| Thomas Patrick Reilly | Registered representative | Feb 2025 (1y) | ||
| Frederick Marcus Warburg | Registered representative | Feb 2025 (1y) | ||
| Kristen Jane Holland | Registered representative | Feb 2025 (1y) | ||
| Joseph John Macellara | Registered representative | CFP | Mar 2025 (1y) | |
| Wayne W Howell | Registered representative | CFP | Mar 2025 (1y) | |
| Brian Macellara | Registered representative | CFP | Mar 2025 (1y) | |
| Diana Rosalie Ianni | Registered representative | CFP | Mar 2025 (1y) | |
| Sean Francis Donovan | Registered representative | CFP | Mar 2025 (1y) | |
| Tori Lind Benjamin | Registered representative | CFP | Mar 2025 (1y) | |
| Joseph Dennis Marrocco | Registered representative | CFP | Apr 2025 (1y) | |
| Russell John Parsons | Registered representative | CFP Chartered Financial Consultant | Apr 2025 (1y) | |
| Andrew H Parsons | Registered representative | CFP | May 2025 (1y) | |
| Cesar Alfonso Ortega | Registered representative | May 2025 (1y) | ||
| Charles Kent Verruggio | Registered representative | May 2025 (1y) | ||
| Kevin Randoll Ostergaard | Registered representative | CFP Chartered Financial Consultant | May 2025 (1y) | |
| Robert David Len | Registered representative | Personal Financial Specialist | May 2025 (1y) | |
| Nelly Coleta Xavier | Registered representative | May 2025 (1y) | ||
| David Eugene Pasi | Registered representative | Jun 2025 (1y) | ||
| David Alan Locher | Registered representative | Aug 2025 (1y) | ||
| Eric Todd Lanshe | Registered representative | CFA | Aug 2025 (1y) | |
| John M Demasi | Registered representative | Chartered Financial Consultant | Aug 2025 (1y) | |
| Sheetal Khanna | Registered representative | CFP | Aug 2025 (1y) | |
| Christopher Earl Lindenthal | Registered representative | CFP | Aug 2025 (1y) | |
| Christopher Hamilton Brashier | Registered representative | Aug 2025 (1y) | ||
| Debra T Jones | Registered representative | Aug 2025 (1y) | ||
| Andrew Wilson Stange | Registered representative | CFP | Feb 2026 (0y) | |
| Christopher Scott Heyman | Registered representative | CFA | Feb 2026 (0y) | |
| Kimball Eric Pierce | Registered representative | Chartered Financial Consultant | Feb 2026 (0y) | |
| Markell Anthony Staffieri | Registered representative | Chartered Financial Consultant | Feb 2026 (0y) | |
| Scott W Edwards | Registered representative | Feb 2026 (0y) | ||
| Alec L Blomquist | Registered representative | Feb 2026 (0y) | ||
| Cody Lyn Santmyer | Registered representative | CFP | Feb 2026 (0y) | |
| Michael Anthony Staffieri | Registered representative | Chartered Financial Consultant | Feb 2026 (0y) | |
| Franklin S Bracey | Registered representative | CFA | May 2026 (0y) | |
| Bradd Allen Donovan | Registered representative | Jun 2026 (0y) | ||
| Chris Matthew Frantz | Registered representative | Jun 2026 (0y) | ||
| Philippe Robert Oertle | Registered representative | CFA | Jun 2026 (0y) | |
| Jennifer Lynn Pieson | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Congress Buyer, Inc. | Member | Jun 2023 | A | 75% or more |
| Congress Intermediate, Inc. | Sole Stockholder | Jun 2023 | B | ≈ 56.25% – 100% via Congress Buyer, Inc. |
| Congress Parent, Inc. | Sole Stockholder | Jun 2023 | B | ≈ 42.19% – 100% via Congress Intermediate, Inc. |
| Congress Acquisition Holdings, Lp | Sole Stockholder | Jun 2023 | B | ≈ 31.64% – 100% via Congress Parent, Inc. |
| Ag Congress Holdings, Lp | Limited Partner | Jun 2023 | B | ≈ 15.82% – 75% via Congress Acquisition Holdings, Lp |
| Audax Private Equity Fund Vii A, L.P | Limited Partner | Jun 2023 | B | ≈ 7.91% – 56.25% via Ag Congress Holdings, Lp |
| Audax Private Equity Fund Vii B, L.P. | Limited Partner | Jun 2023 | B | ≈ 3.96% – 37.5% via Ag Congress Holdings, Lp |
| Ag Congress Holdings Gp, Llc | General Partner | Jun 2023 | B | GP / trustee / elected manager of Ag Congress Holdings, Lp (indirect) |
| Audax Private Equity Business Vii Lp | General Partner | Jun 2023 | B | GP / trustee / elected manager of Audax Private Equity Fund Vii A, L.P (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Congress Intermediate, Inc.: 75% – 100% of Congress Buyer, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Congress Parent, Inc.: 75% – 100% of Congress Intermediate, Inc. × 75% – 100% of Congress Buyer, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Congress Acquisition Holdings, Lp: 75% – 100% of Congress Parent, Inc. × 75% – 100% of Congress Intermediate, Inc. × 75% – 100% of Congress Buyer, Inc. × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Ag Congress Holdings, Lp: 50% – 75% of Congress Acquisition Holdings, Lp × 75% – 100% of Congress Parent, Inc. × 75% – 100% of Congress Intermediate, Inc. × 75% – 100% of Congress Buyer, Inc. × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Audax Private Equity Fund Vii A, L.P: 50% – 75% of Ag Congress Holdings, Lp × 50% – 75% of Congress Acquisition Holdings, Lp × 75% – 100% of Congress Parent, Inc. × 75% – 100% of Congress Intermediate, Inc. × 75% – 100% of Congress Buyer, Inc. × 75% – 100% direct ≈ 7.91% – 56.25% of the firm
- Audax Private Equity Fund Vii B, L.P.: 25% – 50% of Ag Congress Holdings, Lp × 50% – 75% of Congress Acquisition Holdings, Lp × 75% – 100% of Congress Parent, Inc. × 75% – 100% of Congress Intermediate, Inc. × 75% – 100% of Congress Buyer, Inc. × 75% – 100% direct ≈ 3.96% – 37.5% of the firm
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.
Private funds (5, $147M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Congress Wealth Management Enhanced Yield Lp | Private Equity Fund | $94.9M | $100K | 89 |
| Aspera Limited Partnership | Other Private Fund | $26.4M | $50.0K | 50 |
| Mja Special Opportunities Fund, Lp | Other Private Fund | $14.1M | $100K | 56 |
| Cwm Private Equity Growth Fund Llc | Private Equity Fund | $6.8M | $200K | 15 |
| Cwm Social Impact Fund Lcc | Private Equity Fund | $4.3M | $200K | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/09/2026 | 2.46 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON DECEMBER 22, 2014, THE SECURITIES AND EXCHANGE COMMISSION ("SEC") BROUGHT A SETTLED FRAUD ACTION AGAINST F-SQUARED INVESTMENTS, INC. ("F-SQUARED"), AN UNAFFILIATED INVESTMENT MANAGER. IN CONNECTION WITH THE RESOLUTION, F-SQUARED ADMITTED, AMONG OTHER THINGS, TO MAKING FALSE CLAIMS REGARDING ITS ALPHASECTOR STRATEGY. MORE SPECIFICALLY, IT FALSELY REPRESENTED THAT (A) THE SIGNALS THAT FORMED THE BASIS OF ITS ALPHASECTOR INDEX RETURNS HAD BEEN USED TO MANAGE CLIENT ASSETS FROM APRIL 2001 TO SEPTEMBER 2008 AND (B) THE STRATEGY SIGNIFICANTLY OUTPERFORMED THE S&P 500 INDEX DURING THAT PERIOD. CW ADVISORS, LLC ("CWA") HAD UTILIZED THE ALPHA SECTOR INVESTMENT STRATEGY TO MANAGE A PORTION OF ITS CLIENTS' ASSETS FROM MAY 2009 TO OCTOBER 2013. DURING THIS PERIOD, LESS THAN 5% OF ASSETS UNDER CWA'S MANAGEMENT WERE INVESTED PURSUANT TO THIS STRATEGY. IN OCTOBER 2013, CWM BECAME AWARE OF INFORMATION THAT CAUSED IT TO QUESTION THE ACCURACY OF F-SQUARED'S REPRESENTATIONS AND PROMPTLY REMOVED FROM ITS ADVERTISING MATERIALS ALL REFERENCES TO FSQUARED'S PERFORMANCE PRIOR TO SEPTEMBER 2008. THEN, IN DECEMBER 2013, CWA CEASED USING THE ALPHASECTOR SIGNALS ENTIRELY AND TERMINATED ITS RELATIONSHIP WITH F-SQUARED. THE SEC CONDUCTED A SWEEP OF INVESTMENT ADVISERS THAT HAD RELIED ON F-SQUARED'S REPRESENTATIONS AND ON AUGUST 25, 2016, IT ENTERED ORDERS AGAINST 13 SUCH ADVISERS, INCLUDING CWA. WITH RESPECT TO CWA, THE SEC ORDER FOUND, IN SUM AND SUBSTANCE, THAT DESPITE ITS DUE DILIGENCE, CWA NEGLIGENTLY RELIED ON F-SQUARED REPRESENTATIONS IN ADVERTISING F-SQUARED'S STRATEGY, IN VIOLATION OF SECTIONS 204(A) AND 206(4) OF THE INVESTMENT ADVISERS ACT OF 1940 AND RULES 206(4)-1(A)(5) AND 204-2(A)(16) THEREUNDER. Status: Final Sanction Detail: $100,000 CIVIL PENALTY PAID ON AUGUST 30, 2016. Summary: WITHOUT ADMITTING OR DENYING THE FINDINGS, CWA CONSENTED TO THE ENTRY OF A CEASE-AND DESIST ORDER FROM COMMITTING OR CAUSING FUTURE VIOLATIONS OF SECTIONS 204(A) AND 206(4) OF THE ADVISERS ACT AND RULES 204-2(A)(16), AND 206(4)-1(A)(5) THEREUNDER, IMPOSING A $100,000 PENALTY PAID ON AUGUST 30, 2016.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Fidelity Brokerage Services $7.6B (50% of AUM) Jul 2026
- Charles Schwab & Co. $6.6B (43% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Jul 09, 2026.
View current Form ADV (SEC/IAPD) ↗