{
  "crd_number": 305926,
  "slug": "cw-investment-advisers-llc-los-angeles-ca-305926",
  "primary_business_name": "CW INVESTMENT ADVISERS, LLC",
  "legal_name": "CW INVESTMENT ADVISERS, LLC",
  "dbas": [],
  "city": "Los Angeles",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-01-14",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 1084343648.0,
  "raum_discretionary": 1084343648.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 36,
  "advisory_employees": 28,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 1800720.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 940401971.0,
      "count": 4
    },
    "corporations_other_businesses": {
      "raum": 142140957.0,
      "count": 20
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "MA"
  ],
  "websites": [
    "https://cottonwoodmgmt.com",
    "https://linkedin.com/company/cottonwoodgroup"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/305926",
  "city_as_filed": "LOS ANGELES",
  "url": "https://advisorcensus.com/firm/cw-investment-advisers-llc-los-angeles-ca-305926",
  "display_name": "CW Investment Advisers, LLC",
  "summary": "CW Investment Advisers, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. CW Investment Advisers, LLC (CRD 305926): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is CW Investment Advisers, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), CW Investment Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "What does CW Investment Advisers, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is CW Investment Advisers, LLC located?",
      "a": "CW Investment Advisers, LLC's principal office is in Los Angeles, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is CW Investment Advisers, LLC registered with the SEC or a state?",
      "a": "CW Investment Advisers, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 305926."
    },
    {
      "q": "How much does CW Investment Advisers, LLC manage?",
      "a": "CW Investment Advisers, LLC reports $1,084,343,648 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have CW Investment Advisers, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for CW Investment Advisers, LLC: Regulatory assets under management: $150,000,000 in the October 2021 data and $1,084,343,648 in the October 2026 data, up 623%. Total employees: 27 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 CW Investment Advisers, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (20); pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Which custodians does CW Investment Advisers, LLC use?",
      "a": "CW Investment Advisers, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Delaware Trust Company as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does CW Investment Advisers, LLC 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/305926"
    },
    {
      "q": "What changed in CW Investment Advisers, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 25 to 28. Regulatory assets under management went from $884,039,892 to $1,084,343,648 (+23%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 150000000.0,
      "total_employees": 27,
      "filing_date": "2021-06-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 172450000.0,
      "total_employees": 28,
      "filing_date": "2022-05-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 237502520.0,
      "total_employees": 30,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 685529031.0,
      "total_employees": 32,
      "filing_date": "2024-06-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 884039892.0,
      "total_employees": 34,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1084343648.0,
      "total_employees": 36,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 25 to 28.",
        "Regulatory assets under management went from $884,039,892 to $1,084,343,648 (+23%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The Adviser charges each Client an investment management fee at a rate of up to two percent (2.0%) per annum of the Client’s net asset value of the Client’s Portfolio"
        ]
      }
    ],
    "quotes": [
      "The Adviser charges each Client an investment management fee at a rate of up to two percent (2.0%) per annum of the Client’s net asset value of the Client’s Portfolio"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Delaware Trust Company",
      "name_as_filed": "DELAWARE TRUST COMPANY",
      "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/cw-investment-advisers-llc-los-angeles-ca-305926.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 1800720.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 940401971.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 20,
      "fewer_than_5": false,
      "raum": 142140957.0
    }
  ],
  "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/305926",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}