# NFWM

> NFWM is an SEC-registered investment advisory firm in Plano, TX, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 317406
- Legal name: No Fate BWWM, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plano, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/317406
- AdvisorCensus page: https://advisorcensus.com/firm/nfwm-plano-tx-317406

## Quick answers

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

**Where is NFWM located?**
NFWM's principal office is in Plano, TX, according to its Form ADV.

**Is NFWM registered with the SEC or a state?**
NFWM is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 317406.

**How much does NFWM manage?**
NFWM reports $311,863,610 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary).

**How have NFWM's assets and staff changed since 2022?**
In the Form ADV data for NFWM: Regulatory assets under management: $126,260,809 in the October 2022 data and $311,863,610 in the October 2026 data, up 147%. Total employees: 1 in October 2022 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does NFWM serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (50); individuals (other than high net worth individuals) (25); other (4).

**Which custodians does NFWM use?**
NFWM's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., National Financial Services LLC and TIAA-CREF Individual & Institutional Services, LLC as custodians holding 10% or more of its separately managed account assets.

**Does NFWM 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/317406

**Does NFWM state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "A minimum total investment amount of $500,000 is generally required but, a lesser amount will be considered."

**What changed in NFWM's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $149,267,418 to $311,863,610 (+109%).

## 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 31, 2026)

- Account minimum: $500,000

> A minimum total investment amount of $500,000 is generally required but, a lesser amount will be considered.

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.
- National Financial Services LLC
- TIAA-CREF Individual & Institutional 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: $311,863,610
- Discretionary: $309,532,141
- Non-discretionary: $2,331,469

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 25 | $6,959,205 |
| High net worth individuals | 50 | $174,627,514 |
| 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) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 4 | $130,276,891 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2021 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- nofatebwwm.com
- LinkedIn @johnhetzel

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $126,260,809 | 1 | July 18, 2022 |
| October 2023 | $102,019,977 | 1 | March 19, 2023 |
| October 2024 | $105,438,390 | 1 | September 2, 2024 |
| October 2025 | $149,267,418 | 2 | March 29, 2025 |
| October 2026 | $311,863,610 | 2 | March 31, 2026 |

Regulatory assets under management: $126,260,809 in the October 2022 data and $311,863,610 in the October 2026 data, up 147%.
Total employees: 1 in October 2022 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $149,267,418 to $311,863,610 (+109%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. NFWM (CRD 317406): Form ADV filing data as of October 2026.