# DWM Asset Management, LLC

> DWM Asset Management, LLC is an SEC-registered investment advisory firm in Stamford, CT, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 143224
- Filed as: DWM ASSET MANAGEMENT, LLC
- Also doing business as: DEVELOPING WORLD MARKETS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Stamford, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143224
- AdvisorCensus page: https://advisorcensus.com/firm/dwm-asset-management-llc-stamford-ct-143224

## Quick answers

**How is DWM Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), DWM Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is DWM Asset Management, LLC located?**
DWM Asset Management, LLC's principal office is in Stamford, CT, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is DWM Asset Management, LLC registered with the SEC or a state?**
DWM Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143224.

**How much does DWM Asset Management, LLC manage?**
DWM Asset Management, LLC reports $645,032,634 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (2% discretionary).

**How have DWM Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for DWM Asset Management, LLC: Regulatory assets under management: $615,116,638 in the October 2021 data and $645,032,634 in the October 2026 data, up 5%. Total employees: 32 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does DWM Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does DWM Asset Management, LLC report any disciplinary disclosures?**
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/143224

**What changed in DWM Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $574,217,323 to $645,032,634 (+12%). Employees performing advisory functions went from 28 to 32.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $645,032,634
- Discretionary: $10,714,650
- Non-discretionary: $634,317,984

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $645,032,634 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 36 total, 32 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY
- Tbilisi

### Websites listed on Form ADV (Item 1.I)
- dwmarkets.com
- LinkedIn @90077
- X @DWMIMPACT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $615,116,638 | 32 | March 24, 2021 |
| October 2022 | $490,663,843 | 32 | March 17, 2022 |
| October 2023 | $519,923,442 | 37 | March 30, 2023 |
| October 2024 | $554,592,682 | 35 | March 28, 2024 |
| October 2025 | $574,217,323 | 32 | March 31, 2025 |
| October 2026 | $645,032,634 | 36 | March 30, 2026 |

Regulatory assets under management: $615,116,638 in the October 2021 data and $645,032,634 in the October 2026 data, up 5%.
Total employees: 32 in October 2021 and 36 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $574,217,323 to $645,032,634 (+12%).
- Employees performing advisory functions went from 28 to 32.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DWM Asset Management, LLC (CRD 143224): Form ADV filing data as of October 2026.