# Thames Financial Management

> Thames Financial Management is an SEC-registered investment advisory firm in Norwich, CT, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 19, 2026.

- CRD: 126295
- Filed as: THAMES FINANCIAL MANAGEMENT
- Legal name: CDM Financial Counseling Services, Inc.
- Also doing business as: THAMES FINANCIAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Norwich, CT
- Filing period: October 2026
- Form ADV filing dated: January 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126295
- AdvisorCensus page: https://advisorcensus.com/firm/thames-financial-management-norwich-ct-126295

## Quick answers

**How is Thames Financial Management compensated?**
On its Form ADV (Item 5.E, October 2026), Thames Financial Management reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**Where is Thames Financial Management located?**
Thames Financial Management's principal office is in Norwich, CT, according to its Form ADV.

**Is Thames Financial Management registered with the SEC or a state?**
Thames Financial Management is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 126295.

**How much does Thames Financial Management manage?**
Thames Financial Management reports $315,443,079 in regulatory assets under management in its Form ADV filing dated January 19, 2026 (60% discretionary).

**How have Thames Financial Management's assets and staff changed since 2021?**
In the Form ADV data for Thames Financial Management: Regulatory assets under management: $162,234,576 in the October 2021 data and $315,443,079 in the October 2026 data, up 94%. Total employees: 3 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thames Financial Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (186); high net worth individuals (106); pension and profit sharing plans (but not the plan participants or government pension plans) (5).

**Which custodians does Thames Financial Management use?**
Thames Financial Management'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 Thames Financial 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/126295

**What changed in Thames Financial Management's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $275,379,693 to $315,443,079 (+15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### 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: $315,443,079
- Discretionary: $190,826,526
- Non-discretionary: $124,616,553

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 186 | $50,746,940 |
| High net worth individuals | 106 | $245,394,541 |
| 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) | 5 | $8,897,754 |
| 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 | 5 | $10,403,844 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, FL, MA, MN, NH, NJ, NY, RI, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- thamesct.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $162,234,576 | 3 | June 11, 2021 |
| October 2022 | $203,066,142 | 3 | January 31, 2022 |
| October 2023 | $197,428,088 | 3 | January 20, 2023 |
| October 2024 | $236,782,814 | 2 | January 28, 2024 |
| October 2025 | $275,379,693 | 2 | January 17, 2025 |
| October 2026 | $315,443,079 | 2 | January 19, 2026 |

Regulatory assets under management: $162,234,576 in the October 2021 data and $315,443,079 in the October 2026 data, up 94%.
Total employees: 3 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $275,379,693 to $315,443,079 (+15%).

### January 2026
- No longer registered or notice-filed in PA, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thames Financial Management (CRD 126295): Form ADV filing data as of October 2026.