# CL Wealth Management LLC

> CL Wealth Management LLC is an SEC-registered investment advisory firm in Schaumburg, IL, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 134922
- Filed as: CL WEALTH MANAGEMENT LLC
- Also doing business as: APPALACHIAN ASSET MANAGEMENT, INC, BEACON FINANCIAL SERVICES, BESSETTE FINANCIAL SERVICES, BRIDGEPORT INVESTMENTS,LLC, CENTURIAN WEALTH MANAGEMENT, CUPROSPER, DESTINY FINANCIAL SERVICES, DOIRON WEALTH MANAGEMENT, LLC, FINGERLAKE SECURITIES, LLC, FUTURE MATTERS INC, HEART STRONG WEALTH PLANNING, INTEGRATED PLANNING ASSOCIATES, INC, LEADING EDGE FINANCIAL GROUP, NEIGHBORHOOD FINANCIAL SOLUTIONS, PIVOTAL WEALTH MANAGEMENT, PK FINANCIAL, RPG WEALTH MANAGEMENT, INC, SABER WEALTH MANAGEMENT, SAN MARINO INVESTMENT SERVICES, STRATEGIC ADVANTAGE FINANCIAL, URBAN WEALTH ADVISORS, LLC, WADDELL WEALTH MANAGEMENT, LLC, WARNEFORD WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Schaumburg, IL
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/134922
- AdvisorCensus page: https://advisorcensus.com/firm/cl-wealth-management-llc-schaumburg-il-134922

## Quick answers

**How is CL Wealth Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), CL Wealth Management LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is CL Wealth Management LLC located?**
CL Wealth Management LLC's principal office is in Schaumburg, IL, according to its Form ADV; the September 2026 filing also lists 35 other offices (Schedule D, Section 1.F).

**Is CL Wealth Management LLC registered with the SEC or a state?**
CL Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 134922.

**How much does CL Wealth Management LLC manage?**
CL Wealth Management LLC reports $733,574,059 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (51% discretionary).

**How have CL Wealth Management LLC's assets and staff changed since 2021?**
In the Form ADV data for CL Wealth Management LLC: Regulatory assets under management: $446,766,946 in the October 2021 data and $733,574,059 in the October 2026 data, up 64%. Total employees: 49 in October 2021 and 42 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does CL Wealth Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,528); high net worth individuals (637); pension and profit sharing plans (but not the plan participants or government pension plans) (2).

**Which custodians does CL Wealth Management LLC use?**
CL Wealth Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Raymond James & Associates, Inc. and RBC Capital Markets, LLC as custodians holding 10% or more of its separately managed account assets.

**Does CL Wealth Management LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/134922

**What changed in CL Wealth Management LLC's recent Form ADV filings?**
In the April 2026 filing data: No longer lists the business name Cornerstone Wealth Management. Added the business name Appalachian Asset Management, Inc. Added the business name PK Financial. Employees performing advisory functions went from 41 to 39. Regulatory assets under management went from $628,729,517 to $733,574,059 (+17%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Raymond James & Associates, Inc.
- RBC Capital Markets, LLC

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: $733,574,059
- Discretionary: $375,003,408
- Non-discretionary: $358,570,651

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,528 | $493,523,598 |
| High net worth individuals | 637 | $237,985,977 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $1,965,052 |
| Corporations or other businesses not listed above | 1 | $99,432 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2011 (14 years)
- Employees: 42 total, 39 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, 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, WA, WI, WV, WY
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/134922

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Atlanta, GA
- Bend, OR
- Blue Ridge, GA
- Brookhaven, GA
- Canandaigua, NY
- Canton, GA
- Chicago, IL
- Colorado Springs, CO
- Dunedin, FL
- Eagen, MN
- Eureka Springs, AR
- Fayetteville, AR
- Folsom, CA
- Fort Peirce, FL
- Garland, TX
- Greeley, CO
- Greensboro, GA
- Hyannis, MA
- Kingsport, TN
- La Jolla, CA
- Lynchburg, VA
- Madison, WI
- Minnetonka, MN
- Naples, FL
- Northville, MI
- Pleasantville, NY
- Rehoboth, DE
- Richmond, VA
- Royal Oak, MI
- Salem, VA
- San Marino, CA
- Schaumburg, IL
- Springdale, AR
- St. Paul, MN
- Syosset, NY

### Websites listed on Form ADV (Item 1.I)
- [bessettefinancial.com](https://bessettefinancial.com)
- [clsecurities.com](https://clsecurities.com)
- [cw-advisor.com](https://cw-advisor.com)
- [dellhughes.com](https://dellhughes.com)
- [futuremattersinc.com](https://futuremattersinc.com)
- [heartstrongwealthplanning.com](https://heartstrongwealthplanning.com)
- [leadingedgefinancialgroup.com](https://leadingedgefinancialgroup.com)
- [pivotalwm.com](https://pivotalwm.com)
- [ronfeinman.com](https://ronfeinman.com)
- [rpgwealthmanagement.com](https://rpgwealthmanagement.com)
- [sanmarinois.com](https://sanmarinois.com)
- [warnefordwealth.com](https://warnefordwealth.com)
- Facebook @meredith.sims.908
- LinkedIn @john-doiron-a028459
- LinkedIn @meredithsims

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $446,766,946 | 49 | March 2, 2021 |
| October 2022 | $416,737,544 | 49 | June 15, 2022 |
| October 2023 | $474,892,271 | 46 | June 27, 2023 |
| October 2024 | $532,783,016 | 44 | August 16, 2024 |
| October 2025 | $628,729,517 | 42 | February 25, 2025 |
| October 2026 | $733,574,059 | 42 | October 1, 2026 |

Regulatory assets under management: $446,766,946 in the October 2021 data and $733,574,059 in the October 2026 data, up 64%.
Total employees: 49 in October 2021 and 42 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists the business name Cornerstone Wealth Management.
- Added the business name Appalachian Asset Management, Inc.
- Added the business name PK Financial.
- Employees performing advisory functions went from 41 to 39.
- Regulatory assets under management went from $628,729,517 to $733,574,059 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CL Wealth Management LLC (CRD 134922): Form ADV filing data as of October 2026.