CANNON WEALTH MANAGEMENT SERVICES

RIASEC RegisteredEst. 2022
Total AUM
$245M
Discretionary
$241M
98% of AUM
Avg account
$245K
Accounts
1,001
Employees
8
Advisory reps
6

Firm details

Headquarters
WINSTON SALEM, North Carolina
CRD number
323302
Registered since
October 7, 2022
Website
www.cannon-wealth.com
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • Individuals43.07%
  • HNWI38.34%
  • Other17.34%
  • Charitable Organizations0.84%
  • Pension & Profit Sharing Plans0.41%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Cannon Wealth Management Services is an independent, owner-operated RIA that registered with the SEC in 2022 and functions as a capital allocator for both individual/family and institutional clients. The firm combines advisory roles—financial planning, portfolio management for individuals, small businesses and institutions, pension consulting and selection of other advisers—with broker/insurance intermediary activities; it operates as a registered representative of a broker-dealer, an insurance broker and an accountant. Fee arrangements include percentage-of-AUM billing alongside hourly and fixed-fee engagements. The firm is not identified as an active ESG investor and does not report multi-state adviser status.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 65%, Exchange Traded Equities 19%, Cash & Cash Equivalents 6%, US Government Bonds 3%, Non-Exchange Traded Equities 2%, Other 2%, State & Local Bonds 1%, Investment Grade Corp Bonds 1%, Private Funds 1%65%
  • Public Funds/Mutual Funds65%
  • Exchange Traded Equities19%
  • Cash & Cash Equivalents6%
  • US Government Bonds3%
  • Non-Exchange Traded Equities2%

Owners & executives

1 of 1

  • MICHELLE MCCARTHY

    Chief Compliance OfficerCRD 7682269

Contacts

3 of 5

  • MATTHEW HEARN

    Wealth Planner, Financial AdvisorCRD 4808922

  • JOSEPH PERKINS

    Partner, Financial AdvisorCRD 6620408

  • WILLIAM AMBURN

    Partner, Financial AdvisorCRD 4580843

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 55

Active vs passive

$180M in ETFs

Passive

43%

$76.9M

Active

38%

$103M

ETFProviderStyleCategoryValueShares% of portfolio
STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) ETF (SPYM)State Street$12.6M164,6927.01%
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Location

Primary office

WINSTON SALEM, NC

FORSYTH

Location

WINSTON SALEM, NC

Headquartered in WINSTON SALEM, NC, anchoring the Greensboro--Winston-Salem--High Point, NC metro in the South.

Metro area
Greensboro--Winston-Salem--High Point, NC
Region
South
County
FORSYTH
Address
2160 Country Club Rd
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth