# FWG Investments, LLC

> FWG Investments, LLC is an SEC-registered investment advisory firm in Lexington, KY, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 22, 2026.

- CRD: 284064
- Filed as: FWG INVESTMENTS, LLC
- Also doing business as: FAMILY WEALTH GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lexington, KY
- Filing period: October 2026
- Form ADV filing dated: May 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284064
- AdvisorCensus page: https://advisorcensus.com/firm/fwg-investments-llc-lexington-ky-284064

## Quick answers

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

**How much does FWG Investments, LLC charge?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is FWG Investments, LLC located?**
FWG Investments, LLC's principal office is in Lexington, KY, according to its Form ADV; the June 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is FWG Investments, LLC registered with the SEC or a state?**
FWG Investments, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 284064.

**How much does FWG Investments, LLC manage?**
FWG Investments, LLC reports $349,048,767 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (100% discretionary).

**How have FWG Investments, LLC's assets and staff changed since 2021?**
In the Form ADV data for FWG Investments, LLC: Regulatory assets under management: $230,208,115 in the October 2021 data and $349,048,767 in the October 2026 data, up 52%. Total employees: 20 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FWG Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,794); pension and profit sharing plans (but not the plan participants or government pension plans) (28); high net worth individuals (19).

**Which custodians does FWG Investments, LLC use?**
FWG Investments, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does FWG Investments, LLC report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/284064

**Does FWG Investments, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "FWG Investments requires a minimum of $10,000 for our asset management services. To reach this account minimum, clients can aggregate all household accounts. Exceptions may be granted to this minimum for the expectation of additional funds or assets."

**What changed in FWG Investments, LLC's recent Form ADV filings?**
In the June 2026 filing data: Registered or notice-filed in MS.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> Our standard fee for asset management services does not exceed 1.5%, and fees are negotiable based on the investment adviser representative providing the services, the type of client, the complexity of the client's situation, the composition of the client's account (i.e., equities versus mutual funds), the potential for additional account deposits, the relationship of the client with the investment adviser representative, and the total amount of assets under management for the client. We do not use a tiered fee schedule approach.

- Account minimum: $10,000 (the brochure says it may be waived or negotiated)

> FWG Investments requires a minimum of $10,000 for our asset management services. To reach this account minimum, clients can aggregate all household accounts. Exceptions may be granted to this minimum for the expectation of additional funds or assets.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

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: $349,048,767
- Discretionary: $349,048,767
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,794 | $293,749,591 |
| High net worth individuals | 19 | $40,836,678 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 28 | $9,336,805 |
| Charitable organizations | Fewer than 5 | $700,533 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $4,425,160 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 27 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, GA, IN, KY, LA, MS, NC, OH, SC, TN, TX, WV
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/284064

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Georgetown, KY
- Harrodsburg, KY
- Hurricane, WV
- London, KY
- Somerset, KY

### Websites listed on Form ADV (Item 1.I)
- kentuckyretireshere.com
- thefamilywealthgroup.com
- Facebook @FAMILYWEALTHGROUP
- Instagram @cheerstoretirement
- X @FAMILYWEALTHGRP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $230,208,115 | 20 | March 24, 2021 |
| October 2022 | $336,154,949 | 20 | April 4, 2022 |
| October 2023 | $339,613,374 | 22 | August 8, 2023 |
| October 2024 | $205,904,853 | 24 | March 12, 2024 |
| October 2025 | $250,080,209 | 20 | March 21, 2025 |
| October 2026 | $349,048,767 | 27 | May 22, 2026 |

Regulatory assets under management: $230,208,115 in the October 2021 data and $349,048,767 in the October 2026 data, up 52%.
Total employees: 20 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Regulatory assets under management went from $250,080,209 to $349,048,767 (+40%).

### January 2026
- No longer registered or notice-filed in HI.

### December 2025
- Registered or notice-filed in LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FWG Investments, LLC (CRD 284064): Form ADV filing data as of October 2026.