# Elmwood Wealth Management

> Elmwood Wealth Management is an SEC-registered investment advisory firm in Berkeley, CA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 14, 2026.

- CRD: 165639
- Filed as: ELMWOOD WEALTH MANAGEMENT
- Legal name: Elmwood Wealth Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Berkeley, CA
- Filing period: October 2026
- Form ADV filing dated: May 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/165639
- AdvisorCensus page: https://advisorcensus.com/firm/elmwood-wealth-management-berkeley-ca-165639

## Quick answers

**How is Elmwood Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Elmwood Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Elmwood Wealth Management located?**
Elmwood Wealth Management's principal office is in Berkeley, CA, according to its Form ADV.

**Is Elmwood Wealth Management registered with the SEC or a state?**
Elmwood Wealth Management is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 165639.

**How much does Elmwood Wealth Management manage?**
Elmwood Wealth Management reports $477,926,836 in regulatory assets under management in its Form ADV filing dated May 14, 2026 (97% discretionary).

**How have Elmwood Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Elmwood Wealth Management: Regulatory assets under management: $197,123,564 in the October 2021 data and $477,926,836 in the October 2026 data, up 142%. Total employees: 3 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Elmwood Wealth Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (127); individuals (other than high net worth individuals) (77); other (4).

**Which custodians does Elmwood Wealth Management use?**
Elmwood Wealth Management'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.

**Does Elmwood Wealth Management 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/165639

**What changed in Elmwood Wealth Management's recent Form ADV filings?**
In the June 2026 filing data: Registered or notice-filed in WA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $477,926,836
- Discretionary: $465,222,009
- Non-discretionary: $12,704,827

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 77 | $29,189,376 |
| High net worth individuals | 127 | $432,631,096 |
| Banking or thrift institutions | 2 | $3,401,537 |
| Other | 4 | $12,704,827 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NH, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- elmwoodwealth.com
- plus.google.com/U/1/104458805727951234029
- Facebook @ELMWOOD.WM
- LinkedIn @ELMWOOD-WEALTH-MANAGEMENT-INC-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $197,123,564 | 3 | August 31, 2021 |
| October 2022 | $266,026,313 | 3 | August 9, 2022 |
| October 2023 | $240,952,483 | 4 | July 31, 2023 |
| October 2024 | $277,245,805 | 4 | August 22, 2024 |
| October 2025 | $332,630,737 | 4 | March 19, 2025 |
| October 2026 | $477,926,836 | 6 | May 14, 2026 |

Regulatory assets under management: $197,123,564 in the October 2021 data and $477,926,836 in the October 2026 data, up 142%.
Total employees: 3 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Registered or notice-filed in WA.

### April 2026
- Regulatory assets under management went from $332,630,737 to $477,926,836 (+44%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Elmwood Wealth Management (CRD 165639): Form ADV filing data as of October 2026.