# Carolina Wealth Management, Inc.

> Carolina Wealth Management, Inc. is an SEC-registered investment advisory firm in Greenville, NC, registered since 2004, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.

- CRD: 131393
- Filed as: CAROLINA WEALTH MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenville, NC
- Filing period: October 2026
- Form ADV filing dated: April 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131393
- AdvisorCensus page: https://advisorcensus.com/firm/carolina-wealth-management-inc-greenville-nc-131393

## Quick answers

**How is Carolina Wealth Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Carolina Wealth Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Carolina Wealth Management, Inc. located?**
Carolina Wealth Management, Inc.'s principal office is in Greenville, NC, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Carolina Wealth Management, Inc. registered with the SEC or a state?**
Carolina Wealth Management, Inc. is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131393.

**How much does Carolina Wealth Management, Inc. manage?**
Carolina Wealth Management, Inc. reports $798,455,655 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (73% discretionary).

**How have Carolina Wealth Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Carolina Wealth Management, Inc.: Regulatory assets under management: $444,235,924 in the October 2021 data and $798,455,655 in the October 2026 data, up 80%. Total employees: 6 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Carolina Wealth Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (443); high net worth individuals (144); pension and profit sharing plans (but not the plan participants or government pension plans) (42).

**Which custodians does Carolina Wealth Management, Inc. use?**
Carolina Wealth Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Carolina Wealth Management, Inc. report any disciplinary disclosures?**
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/131393

**Does Carolina Wealth Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated April 27, 2026 says: "CWM generally requires a minimum account value of $500,000, which may be reduced or waived in the sole discretion of the Firm."

**What changed in Carolina Wealth Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $711,811,237 to $798,455,655 (+12%). Registered or notice-filed in NY.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated April 27, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> CWM generally requires a minimum account value of $500,000, which may be reduced or waived in the sole discretion of the Firm.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $798,455,655
- Discretionary: $583,817,383
- Non-discretionary: $214,638,272

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 443 | $129,820,618 |
| High net worth individuals | 144 | $445,610,414 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 42 | $200,972,386 |
| Charitable organizations | 9 | $4,065,134 |
| Corporations or other businesses not listed above | 8 | $17,987,103 |

### Advisory services (Item 5.G)
- 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)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2004 (22 years)
- Employees: 10 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, GA, NC, NY, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Pinehurst, NC

### Websites listed on Form ADV (Item 1.I)
- buildingabetter401k.com
- mycarolinawealth.com
- Facebook @mycarolinawealth
- LinkedIn @carolina-wealth-management-inc-
- LinkedIn @401kplanadvisor
- LinkedIn @david-damm-a430a09
- LinkedIn @derek-pszenny-6970a727
- LinkedIn @duff-meyer-aif-18820727
- LinkedIn @parishparker401kadvisor

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $444,235,924 | 6 | March 29, 2021 |
| October 2022 | $589,477,808 | 8 | March 25, 2022 |
| October 2023 | $515,883,273 | 8 | October 2, 2023 |
| October 2024 | $623,822,112 | 9 | March 29, 2024 |
| October 2025 | $711,811,237 | 10 | March 31, 2025 |
| October 2026 | $798,455,655 | 10 | April 27, 2026 |

Regulatory assets under management: $444,235,924 in the October 2021 data and $798,455,655 in the October 2026 data, up 80%.
Total employees: 6 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $711,811,237 to $798,455,655 (+12%).
- Registered or notice-filed in NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carolina Wealth Management, Inc. (CRD 131393): Form ADV filing data as of October 2026.