# DRW Financial

> DRW Financial is a state-registered investment advisory firm, registered since 2013, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 15, 2026.

- CRD: 166271
- Filed as: DRW FINANCIAL
- Legal name: FCL LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Filing period: October 2026
- Form ADV filing dated: January 15, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/166271
- AdvisorCensus page: https://advisorcensus.com/firm/drw-financial-166271

## Quick answers

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

**Is DRW Financial registered with the SEC or a state?**
DRW Financial is a state-registered investment advisory firm, registered since 2013. Status as filed: APPROVED. CRD 166271.

**How much does DRW Financial manage?**
DRW Financial reports $61,502,417 in regulatory assets under management in its Form ADV filing dated January 15, 2026 (100% discretionary).

**What types of clients does DRW Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (53); high net worth individuals (21).

**Does DRW Financial report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/166271

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $61,502,417
- Discretionary: $61,502,417
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 53 | $17,715,346 |
| High net worth individuals | 21 | $43,787,071 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2013 (13 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA, IL, OK, TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [chattanoogafinancialplanner.com](https://chattanoogafinancialplanner.com)
- [drwfinancial.com](https://drwfinancial.com)
- Facebook @DRW-FINANCIAL-309546692482250
- LinkedIn @DAVID-WATTENBARGER-CFP®-1A272B44
- X @DRWFINANCIAL

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DRW Financial (CRD 166271): Form ADV filing data as of October 2026.