# CMG Capital Management Group, Inc.

> 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.

- CRD: 110750
- Filed as: CMG CAPITAL MANAGEMENT GROUP, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Malvern, PA
- Filing period: October 2026
- Form ADV filing dated: April 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110750
- AdvisorCensus page: https://advisorcensus.com/firm/cmg-capital-management-group-inc-malvern-pa-110750

## Quick answers

**How is CMG Capital Management Group, Inc. compensated?**
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). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is CMG Capital Management Group, Inc. located?**
CMG Capital Management Group, Inc.'s principal office is in Malvern, PA, according to its Form ADV.

**Is CMG Capital Management Group, Inc. registered with the SEC or a state?**
CMG Capital Management Group, Inc. is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 110750.

**How much does CMG Capital Management Group, Inc. manage?**
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).

**How have CMG Capital Management Group, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does CMG Capital Management Group, Inc. serve?**
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).

**Which custodians does CMG Capital Management Group, Inc. use?**
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.

**Does CMG Capital Management Group, Inc. report any disciplinary disclosures?**
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

**What changed in CMG Capital Management Group, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 8.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)

### Custodians (Schedule D, Section 5.K(3))
- Axos Advisor Services
- U.S. Bank

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: $256,546,961
- Discretionary: $210,520,949
- Non-discretionary: $46,026,012

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 470 | $78,635,514 |
| High net worth individuals | 66 | $157,269,466 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $20,641,981 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1993 (33 years)
- Employees: 10 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?

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/110750

### Websites listed on Form ADV (Item 1.I)
- cmgprivatewealth.com
- cmgwealth.com
- LinkedIn @CMG-CAPITAL-MANAGEMENT-GROUP-INC-
- LinkedIn @STEPHEN-BLUMENTHAL-36648664
- X @SBLUMENTHALCMG

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $232,099,219 | 14 | March 31, 2021 |
| October 2022 | $267,016,750 | 14 | March 7, 2022 |
| October 2023 | $263,179,242 | 11 | March 28, 2023 |
| October 2024 | $205,262,625 | 11 | April 16, 2024 |
| October 2025 | $251,141,242 | 11 | April 15, 2025 |
| October 2026 | $256,546,961 | 10 | April 24, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 8.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CMG Capital Management Group, Inc. (CRD 110750): Form ADV filing data as of October 2026.