{
  "crd_number": 110750,
  "slug": "cmg-capital-management-group-inc-malvern-pa-110750",
  "primary_business_name": "CMG CAPITAL MANAGEMENT GROUP, INC.",
  "legal_name": "CMG CAPITAL MANAGEMENT GROUP, INC.",
  "dbas": [],
  "city": "Malvern",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1993-03-04",
  "years_registered": 33,
  "period": "2026-10-01",
  "filing_date": "2026-04-24",
  "carried_forward": false,
  "raum_total": 256546961.0,
  "raum_discretionary": 210520949.0,
  "raum_non_discretionary": 46026012.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 10,
  "advisory_employees": 8,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 78635514.0,
      "count": 470
    },
    "high_net_worth_individuals": {
      "raum": 157269466.0,
      "count": 66
    },
    "pooled_investment_vehicles": {
      "raum": 20641981.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "subscription"
  ],
  "advisory_activities": [
    "financial_planning",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "DE",
    "FL",
    "GA",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://cmgprivatewealth.com",
    "https://cmgwealth.com",
    "https://linkedin.com/COMPANY/CMG-CAPITAL-MANAGEMENT-GROUP-INC-",
    "https://linkedin.com/IN/STEPHEN-BLUMENTHAL-36648664",
    "https://twitter.com/SBLUMENTHALCMG"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110750",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    }
  ],
  "city_as_filed": "MALVERN",
  "url": "https://advisorcensus.com/firm/cmg-capital-management-group-inc-malvern-pa-110750",
  "display_name": "CMG Capital Management Group, Inc.",
  "summary": "CMG Capital Management Group, Inc. is an SEC-registered investment advisory firm in Malvern, PA, registered since 1993, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 24, 2026.",
  "citation": "AdvisorCensus. CMG Capital Management Group, Inc. (CRD 110750): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Subscription fees (for a newsletter or periodical)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is CMG Capital Management Group, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), CMG Capital Management Group, Inc. reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical)."
    },
    {
      "q": "Where is CMG Capital Management Group, Inc. located?",
      "a": "CMG Capital Management Group, Inc.'s principal office is in Malvern, PA, according to its Form ADV."
    },
    {
      "q": "Is CMG Capital Management Group, Inc. registered with the SEC or a state?",
      "a": "CMG Capital Management Group, Inc. is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 110750."
    },
    {
      "q": "How much does CMG Capital Management Group, Inc. manage?",
      "a": "CMG Capital Management Group, Inc. reports $256,546,961 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (82% discretionary)."
    },
    {
      "q": "How have CMG Capital Management Group, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for CMG Capital Management Group, Inc.: Regulatory assets under management: $232,099,219 in the October 2021 data and $256,546,961 in the October 2026 data, up 11%. Total employees: 14 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does CMG Capital Management Group, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (470); high net worth individuals (66); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Which custodians does CMG Capital Management Group, Inc. use?",
      "a": "CMG Capital Management Group, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Advisor Services and U.S. Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does CMG Capital Management Group, Inc. report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation). 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/110750"
    },
    {
      "q": "What changed in CMG Capital Management Group, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 5 to 8."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 232099219.0,
      "total_employees": 14,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 267016750.0,
      "total_employees": 14,
      "filing_date": "2022-03-07"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 263179242.0,
      "total_employees": 11,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 205262625.0,
      "total_employees": 11,
      "filing_date": "2024-04-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 251141242.0,
      "total_employees": 11,
      "filing_date": "2025-04-15"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 256546961.0,
      "total_employees": 10,
      "filing_date": "2026-04-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 8."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Axos Advisor Services",
      "name_as_filed": "AXOS ADVISOR SERVICES",
      "affiliated": false
    },
    {
      "name": "U.S. Bank",
      "name_as_filed": "U.S. BANK",
      "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/cmg-capital-management-group-inc-malvern-pa-110750.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 470,
      "fewer_than_5": false,
      "raum": 78635514.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 66,
      "fewer_than_5": false,
      "raum": 157269466.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 20641981.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/110750",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}