{ "crd_number": 111521, "slug": "cain-watters-and-associates-llc-frisco-tx-111521", "primary_business_name": "CAIN, WATTERS & ASSOCIATES, LLC", "legal_name": "CAIN, WATTERS & ASSOCIATES, LLC", "dbas": [], "city": "Frisco", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1991-09-30", "years_registered": 35, "period": "2026-10-01", "filing_date": "2026-06-04", "carried_forward": false, "raum_total": 5036805273.0, "raum_discretionary": 2382606144.0, "raum_non_discretionary": 2654199129.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 341, "advisory_employees": 86, "client_count_bucket": null, "clients_by_type": { "other": { "raum": 2096869943.0, "count": 1122, "description": "TRUSTEES FOR PENSION PLANS" }, "charitable": { "raum": 1885020.0, "count": 1 }, "individuals": { "raum": 425605144.0, "count": 1474 }, "high_net_worth_individuals": { "raum": 2512445166.0, "count": 800 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://cainwatters.com", "https://cfoortho.com", "https://facebook.com/CainWatters", "https://facebook.com/cfoortho", "https://instagram.com/cwa_advisors", "https://linkedin.com/company/cain-watters-&-associates", "https://linkedin.com/company/cfoortho", "https://youtube.com/@cainwattersassociates9083" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111521", "city_as_filed": "FRISCO", "url": "https://advisorcensus.com/firm/cain-watters-and-associates-llc-frisco-tx-111521", "display_name": "Cain, Watters & Associates, LLC", "summary": "Cain, Watters & Associates, LLC is an SEC-registered investment advisory firm in Frisco, TX, registered since 1991, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 4, 2026.", "citation": "AdvisorCensus. Cain, Watters & Associates, LLC (CRD 111521): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Selection of other advisers (including private fund managers)", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Cain, Watters & Associates, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Cain, Watters & Associates, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Cain, Watters & Associates, LLC located?", "a": "Cain, Watters & Associates, LLC's principal office is in Frisco, TX, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Cain, Watters & Associates, LLC registered with the SEC or a state?", "a": "Cain, Watters & Associates, LLC is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 111521." }, { "q": "How much does Cain, Watters & Associates, LLC manage?", "a": "Cain, Watters & Associates, LLC reports $5,036,805,273 in regulatory assets under management in its Form ADV filing dated June 4, 2026 (47% discretionary)." }, { "q": "How have Cain, Watters & Associates, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Cain, Watters & Associates, LLC: Regulatory assets under management: $2,179,283,661 in the October 2021 data and $5,036,805,273 in the October 2026 data, up 131%. Total employees: 155 in October 2021 and 341 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Cain, Watters & Associates, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,474); other (1,122); high net worth individuals (800)." }, { "q": "Which custodians does Cain, Watters & Associates, LLC use?", "a": "Cain, Watters & Associates, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and T Bank (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Cain, Watters & Associates, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111521" }, { "q": "What changed in Cain, Watters & Associates, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 71 to 86. Regulatory assets under management went from $4,237,891,280 to $5,036,805,273 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2179283661.0, "total_employees": 155, "filing_date": "2021-03-21" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2753384041.0, "total_employees": 225, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2664713561.0, "total_employees": 265, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3544679305.0, "total_employees": 283, "filing_date": "2024-05-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4237891280.0, "total_employees": 337, "filing_date": "2025-04-01" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5036805273.0, "total_employees": 341, "filing_date": "2026-06-04" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 71 to 86.", "Regulatory assets under management went from $4,237,891,280 to $5,036,805,273 (+19%)." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "T Bank", "name_as_filed": "T BANK", "affiliated": true } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/cain-watters-and-associates-llc-frisco-tx-111521.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 1474, "fewer_than_5": false, "raum": 425605144.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 800, "fewer_than_5": false, "raum": 2512445166.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 1, "fewer_than_5": false, "raum": 1885020.0 }, { "type": "other", "label": "Other", "count": 1122, "fewer_than_5": false, "raum": 2096869943.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111521", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }