{
  "crd_number": 107964,
  "slug": "cumberland-advisors-sarasota-fl-107964",
  "primary_business_name": "CUMBERLAND ADVISORS",
  "legal_name": "CUMBERLAND ADVISORS, LLC",
  "dbas": [],
  "city": "Sarasota",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "35840",
  "metro": {
    "cbsa_code": "35840",
    "common_name": "North Port",
    "msa_name": "North Port-Bradenton-Sarasota, FL",
    "path": "/advisors/fl/north-port"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1998-02-27",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-02-02",
  "carried_forward": false,
  "raum_total": 3217125317.0,
  "raum_discretionary": 3208374185.0,
  "raum_non_discretionary": 8751132.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 36,
  "advisory_employees": 18,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 1177623568.0,
      "count": 106,
      "description": "ASSETS MANAGED FOR ADVISORS, BROKER-DEALERS AND INTERMEDIARIES; UNDERLYING CLIENT TYPES NOT TRACKED"
    },
    "charitable": {
      "raum": 65376587.0,
      "count": 11
    },
    "individuals": {
      "raum": 992619552.0,
      "count": 885
    },
    "state_municipal": {
      "raum": 65581733.0,
      "count": 5
    },
    "insurance_companies": {
      "raum": 4083460.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 50108581.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 717974836.0,
      "count": 206
    },
    "pooled_investment_vehicles": {
      "raum": 2673213.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 141083787.0,
      "count": 13
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "market_timing",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV"
  ],
  "websites": [
    "https://bingplaces.com",
    "https://cumber.com",
    "https://facebook.com/CumberlandADV",
    "https://google.com/business",
    "https://linkedin.com/company/cumberlandadv",
    "https://seekingalpha.com/author/david-kotok",
    "https://twitter.com/CumberlandADV",
    "https://youtube.com/CumberlandAdvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107964",
  "city_as_filed": "SARASOTA",
  "url": "https://advisorcensus.com/firm/cumberland-advisors-sarasota-fl-107964",
  "display_name": "Cumberland Advisors",
  "summary": "Cumberland Advisors is an SEC-registered investment advisory firm in Sarasota, FL, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 2, 2026.",
  "citation": "AdvisorCensus. Cumberland Advisors (CRD 107964): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "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",
    "Market timing services",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Cumberland Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cumberland Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is Cumberland Advisors located?",
      "a": "Cumberland Advisors' principal office is in Sarasota, FL, according to its Form ADV."
    },
    {
      "q": "Is Cumberland Advisors registered with the SEC or a state?",
      "a": "Cumberland Advisors is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 107964."
    },
    {
      "q": "How much does Cumberland Advisors manage?",
      "a": "Cumberland Advisors reports $3,217,125,317 in regulatory assets under management in its Form ADV filing dated February 2, 2026 (100% discretionary)."
    },
    {
      "q": "How have Cumberland Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cumberland Advisors: Regulatory assets under management: $3,955,084,190 in the October 2021 data and $3,217,125,317 in the October 2026 data, down 19%. Total employees: 41 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cumberland Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (885); high net worth individuals (206); other (106)."
    },
    {
      "q": "Which custodians does Cumberland Advisors use?",
      "a": "Cumberland Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC, Morgan Stanley, Pershing LLC and U.S. Bancorp Investments, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Cumberland Advisors 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/107964"
    },
    {
      "q": "What changed in Cumberland Advisors' recent Form ADV filings?",
      "a": "In the February 2026 filing data: Changed its legal name from Cumberland Advisors Inc to Cumberland Advisors, LLC. Registered or notice-filed in ND, VI, VT. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3955084190.0,
      "total_employees": 41,
      "filing_date": "2021-07-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4083396277.0,
      "total_employees": 45,
      "filing_date": "2022-08-02"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3378840322.0,
      "total_employees": 45,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3420180829.0,
      "total_employees": 44,
      "filing_date": "2024-03-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3348228828.0,
      "total_employees": 44,
      "filing_date": "2025-04-11"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3217125317.0,
      "total_employees": 36,
      "filing_date": "2026-02-02"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Changed its legal name from Cumberland Advisors Inc to Cumberland Advisors, LLC.",
        "Registered or notice-filed in ND, VI, VT.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    },
    {
      "name": "U.S. Bancorp Investments, Inc.",
      "name_as_filed": "U.S. BANCORP INVESTMENTS, INC.",
      "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/cumberland-advisors-sarasota-fl-107964.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 885,
      "fewer_than_5": false,
      "raum": 992619552.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 206,
      "fewer_than_5": false,
      "raum": 717974836.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 2673213.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 50108581.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 11,
      "fewer_than_5": false,
      "raum": 65376587.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 65581733.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": true,
      "raum": 4083460.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 13,
      "fewer_than_5": false,
      "raum": 141083787.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 106,
      "fewer_than_5": false,
      "raum": 1177623568.0
    }
  ],
  "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/107964",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}