{
  "crd_number": 144408,
  "slug": "caldwell-advisors-llc-brentwood-tn-144408",
  "primary_business_name": "CALDWELL ADVISORS, LLC",
  "legal_name": "CALDWELL ADVISORS, LLC",
  "dbas": [
    "AARON ZAUNER",
    "BENTLEY LONDON",
    "BEVERLY O. DAVIS"
  ],
  "city": "Brentwood",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "34980",
  "metro": {
    "cbsa_code": "34980",
    "common_name": "Nashville",
    "msa_name": "Nashville-Davidson--Murfreesboro--Franklin, TN",
    "path": "/advisors/tn/nashville"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-11-18",
  "years_registered": 10,
  "period": "2026-10-01",
  "filing_date": "2026-04-07",
  "carried_forward": false,
  "raum_total": 351404599.0,
  "raum_discretionary": 344235754.0,
  "raum_non_discretionary": 7168845.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 8,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 6466695.0,
      "count": 7,
      "description": "401K"
    },
    "charitable": {
      "raum": 307867.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 97442947.0,
      "count": 249
    },
    "pension_profit_sharing": {
      "raum": 155105.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 244001141.0,
      "count": 250
    },
    "corporations_other_businesses": {
      "raum": 3030844.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AR",
    "CA",
    "FL",
    "GA",
    "MS",
    "NY",
    "TN",
    "TX"
  ],
  "websites": [
    "https://beverlyodavis.com",
    "https://caldwellgroupllc.com",
    "https://facebook.com/CALDWELLADVISORSLLC",
    "https://linkedin.com/company/27111136",
    "https://twitter.com/CALDWELLGROUP"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/144408",
  "city_as_filed": "BRENTWOOD",
  "url": "https://advisorcensus.com/firm/caldwell-advisors-llc-brentwood-tn-144408",
  "display_name": "Caldwell Advisors, LLC",
  "summary": "Caldwell Advisors, LLC is an SEC-registered investment advisory firm in Brentwood, TN, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 7, 2026.",
  "citation": "AdvisorCensus. Caldwell Advisors, LLC (CRD 144408): 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",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Caldwell Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Caldwell Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Caldwell Advisors, LLC located?",
      "a": "Caldwell Advisors, LLC's principal office is in Brentwood, TN, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Caldwell Advisors, LLC registered with the SEC or a state?",
      "a": "Caldwell Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 144408."
    },
    {
      "q": "How much does Caldwell Advisors, LLC manage?",
      "a": "Caldwell Advisors, LLC reports $351,404,599 in regulatory assets under management in its Form ADV filing dated April 7, 2026 (98% discretionary)."
    },
    {
      "q": "How have Caldwell Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Caldwell Advisors, LLC: Regulatory assets under management: $276,184,296 in the October 2021 data and $351,404,599 in the October 2026 data, up 27%. Total employees: 10 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Caldwell Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (250); individuals (other than high net worth individuals) (249); other (7)."
    },
    {
      "q": "Which custodians does Caldwell Advisors, LLC use?",
      "a": "Caldwell Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Caldwell Advisors, 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/144408"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 276184296.0,
      "total_employees": 10,
      "filing_date": "2021-05-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 232609171.0,
      "total_employees": 9,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 279123478.0,
      "total_employees": 9,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 322739217.0,
      "total_employees": 8,
      "filing_date": "2024-03-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 339088296.0,
      "total_employees": 8,
      "filing_date": "2025-07-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 351404599.0,
      "total_employees": 8,
      "filing_date": "2026-04-07"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "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/caldwell-advisors-llc-brentwood-tn-144408.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 249,
      "fewer_than_5": false,
      "raum": 97442947.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 250,
      "fewer_than_5": false,
      "raum": 244001141.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 155105.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 307867.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 3030844.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 7,
      "fewer_than_5": false,
      "raum": 6466695.0
    }
  ],
  "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/144408",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}