{
  "crd_number": 174809,
  "slug": "duncan-williams-asset-management-llc-memphis-tn-174809",
  "primary_business_name": "DUNCAN WILLIAMS ASSET MANAGEMENT, LLC",
  "legal_name": "DUNCAN WILLIAMS ASSET MANAGEMENT, LLC",
  "dbas": [],
  "city": "Memphis",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "32820",
  "metro": {
    "cbsa_code": "32820",
    "common_name": "Memphis",
    "msa_name": "Memphis, TN-MS-AR",
    "path": "/advisors/tn/memphis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-03-09",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 2694432925.0,
  "raum_discretionary": 2245108268.0,
  "raum_non_discretionary": 449324657.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 15,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 139138750.0,
      "count": 63
    },
    "individuals": {
      "raum": 318185683.0,
      "count": 1604
    },
    "state_municipal": {
      "raum": 11703439.0,
      "count": 2,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 1633723537.0,
      "count": 140
    },
    "high_net_worth_individuals": {
      "raum": 482187226.0,
      "count": 397
    },
    "corporations_other_businesses": {
      "raum": 109494290.0,
      "count": 32
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IL",
    "LA",
    "MA",
    "MD",
    "MI",
    "MO",
    "MS",
    "NC",
    "ND",
    "NM",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://dwassetmgmt.com",
    "https://facebook.com/DWAMASSETMGMT",
    "https://instagram.com/DWAM_MEMPHIS?HL=EN",
    "https://linkedin.com/COMPANY/DUNCAN-WILLIAMS-ASSET-MANAGEMENT",
    "https://x.com/DWAMASSETMGMT"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174809",
  "city_as_filed": "MEMPHIS",
  "url": "https://advisorcensus.com/firm/duncan-williams-asset-management-llc-memphis-tn-174809",
  "display_name": "Duncan Williams Asset Management, LLC",
  "summary": "Duncan Williams Asset Management, LLC is an SEC-registered investment advisory firm in Memphis, TN, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Duncan Williams Asset Management, LLC (CRD 174809): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "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",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Duncan Williams Asset Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Duncan Williams Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Duncan Williams Asset Management, LLC located?",
      "a": "Duncan Williams Asset Management, LLC's principal office is in Memphis, TN, according to its Form ADV."
    },
    {
      "q": "Is Duncan Williams Asset Management, LLC registered with the SEC or a state?",
      "a": "Duncan Williams Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174809."
    },
    {
      "q": "How much does Duncan Williams Asset Management, LLC manage?",
      "a": "Duncan Williams Asset Management, LLC reports $2,694,432,925 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (83% discretionary)."
    },
    {
      "q": "How have Duncan Williams Asset Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Duncan Williams Asset Management, LLC: Regulatory assets under management: $409,715,027 in the October 2021 data and $2,694,432,925 in the October 2026 data, up 558%. Total employees: 10 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Duncan Williams Asset Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,604); high net worth individuals (397); pension and profit sharing plans (but not the plan participants or government pension plans) (140)."
    },
    {
      "q": "Which custodians does Duncan Williams Asset Management, LLC use?",
      "a": "Duncan Williams Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Duncan Williams Asset Management, 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/174809"
    },
    {
      "q": "What changed in Duncan Williams Asset Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 5 to 15. Regulatory assets under management went from $2,163,085,456 to $2,694,432,925 (+25%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 409715027.0,
      "total_employees": 10,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 510772181.0,
      "total_employees": 10,
      "filing_date": "2022-04-20"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 632025726.0,
      "total_employees": 11,
      "filing_date": "2023-08-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1022050100.0,
      "total_employees": 15,
      "filing_date": "2024-04-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2163085456.0,
      "total_employees": 24,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2694432925.0,
      "total_employees": 21,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 15.",
        "Regulatory assets under management went from $2,163,085,456 to $2,694,432,925 (+25%).",
        "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
    }
  ],
  "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/duncan-williams-asset-management-llc-memphis-tn-174809.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1604,
      "fewer_than_5": false,
      "raum": 318185683.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 397,
      "fewer_than_5": false,
      "raum": 482187226.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 140,
      "fewer_than_5": false,
      "raum": 1633723537.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 63,
      "fewer_than_5": false,
      "raum": 139138750.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 11703439.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 32,
      "fewer_than_5": false,
      "raum": 109494290.0
    }
  ],
  "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/174809",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}