# HWA Financial Group

> HWA Financial Group is an SEC-registered investment advisory firm in Ellicott City, MD, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 120745
- Filed as: HWA FINANCIAL GROUP
- Legal name: Huber, Weakland & Associates, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Ellicott City, MD
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120745
- AdvisorCensus page: https://advisorcensus.com/firm/hwa-financial-group-ellicott-city-md-120745

## Quick answers

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

**How much does HWA Financial Group charge?**
Its Form ADV Part 2A brochure dated March 20, 2026 states: Hourly rate: $150 to $250 an hour (financial planning services…). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is HWA Financial Group located?**
HWA Financial Group's principal office is in Ellicott City, MD, according to its Form ADV.

**Is HWA Financial Group registered with the SEC or a state?**
HWA Financial Group is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 120745.

**How much does HWA Financial Group manage?**
HWA Financial Group reports $295,313,734 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (90% discretionary).

**How have HWA Financial Group's assets and staff changed since 2021?**
In the Form ADV data for HWA Financial Group: Regulatory assets under management: $188,999,935 in the October 2021 data and $295,313,734 in the October 2026 data, up 56%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does HWA Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (105); high net worth individuals (62); corporations or other businesses not listed above (4).

**Which custodians does HWA Financial Group use?**
HWA Financial Group'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 HWA Financial Group 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/120745

**What changed in HWA Financial Group's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $255,895,939 to $295,313,734 (+15%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Hourly rate: $150 to $250 an hour (financial planning services…)

> Registrant’s planning fees are negotiable, but generally range from $150 to $250 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s).

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

### 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: $295,313,734
- Discretionary: $267,113,334
- Non-discretionary: $28,200,400

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 105 | $37,550,887 |
| High net worth individuals | 62 | $229,193,196 |
| 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) | 1 | $490,285 |
| Charitable organizations | 2 | $26,560,168 |
| 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 | 4 | $1,519,198 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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)
- Other

### Firm details
- Registered since: 2018 (8 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL, GA, MD, NH, PA, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [hwafinancialgroup.com](https://hwafinancialgroup.com)
- Facebook @HWAFinancialGroup
- LinkedIn @29120715

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $188,999,935 | 3 | March 25, 2021 |
| October 2022 | $222,710,159 | 3 | March 30, 2022 |
| October 2023 | $185,803,528 | 3 | March 29, 2023 |
| October 2024 | $218,673,282 | 4 | March 28, 2024 |
| October 2025 | $255,895,939 | 4 | April 16, 2025 |
| October 2026 | $295,313,734 | 4 | March 23, 2026 |

Regulatory assets under management: $188,999,935 in the October 2021 data and $295,313,734 in the October 2026 data, up 56%.
Total employees: 3 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $255,895,939 to $295,313,734 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HWA Financial Group (CRD 120745): Form ADV filing data as of October 2026.