Cmg Capital Management Group, Inc.
- Regulatory AUM
- $257M
- Discretionary
- $211M
- Clients
- 538
- Avg AUM / client
- $477K
- Accounts
- 951
- Employees
- 10
AUM over time
Annual snapshots from Form ADV filings · as of Apr 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 470 | $78.6M | 30.7% |
| High net worth individuals | 66 | $157M | 61.3% |
| Pooled investment vehicles (non-investment companies) | 2 | $20.6M | 8.05% |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Stephen Bruce Blumenthal | Ceo / Chief Compliance Officer | Jun 1994 (32y) | 75% or more | |
| Blumenthal, Susan, Barr | Owner | Dec 2014 (12y) | 5% – 10% | |
| Riggs, Rory, Balfour | Owner | Oct 2018 (8y) | 10% – 25% | |
| Avi Jonathan Rutstein | Registered representative | Mar 2007 (19y) |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/24/2026 | 1.36 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE ORDER FOUND THAT (1) BETWEEN APRIL 2017 AND JULY 2018, REGISTRANT ADVERTISED HYPOTHETICAL, BACKTESTED PERFORMANCE RESULTS FOR ITS CMG OPPORTUNISTIC ALL ASSET STRATEGY (THE "OAAS") WITHOUT ADEQUATELY DISCLOSING THE DIFFERENCES BETWEEN THE FUNDS AND OTHER PRODUCTS USED IN THE OAAS BACKTEST AND THE FUNDS CONSIDERED FOR INCLUSION IN CLIENT PORTFOLIOS BY THE ACTUAL, "LIVE" VERSION OF THE STRATEGY AND (2) REGISTRANT FAILED TO ADOPT AND IMPLEMENT POLICIES AND PROCEDURES REASONABLY DESIGNED TO PREVENT FALSE OR MISLEADING ADVERTISEMENTS CONCERNING THE HYPOTHETICAL, BACKTESTED PERFORMANCE OF THE OAAS AND TO PRESERVE ADVERTISEMENTS BETWEEN JANUARY 2016 AND JUNE 2016 PROMOTING THE OAAS STRATEGY. Status: Final Sanction Detail: CIVIL MONETARY PENALTY IN THE AMOUNT OF $70000. (1) $20,000 WITHIN 10 DAYS OF THE ENTRY OF THE ORDER; (2) $20,000 WITHIN 180 DAYS OF THE ENTRY OF THE ORDER; (3) $15,000 WITHIN 270 DAYS OF THE ENTRY OF THE ORDER; AND (4) $15,000, PLUS ANY ADDITIONAL INTEREST DUE, WITHIN 360 DAYS OF THE ENTRY OF THE ORDER Summary: FINAL ORDER
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Subscription fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Publication of periodicals or newsletters
Custody
Reported custodians
- E*TRADE (Morgan Stanley) $135M (61% of AUM) Feb 2022
- Axos Clearing $126M (49% of AUM) Apr 2026
- Trust Company Of America $125M (27% of AUM) Feb 2019
- U.S. Bank $28.8M (11% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 24, 2026.
View current Form ADV (SEC/IAPD) ↗