Cain, Watters & Associates, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 111521
· SEC file 801-39899
· Frisco, TX
· www.linkedin.com
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ADV data as of Jun 04, 2026
- Regulatory AUM
- $5.0B
- Discretionary
- $2.4B
- Clients
- 3,397
- Avg AUM / client
- $1.5M
- Accounts
- 12,138
- Employees
- 341
AUM over time
$1.0B
$5.0B
Dec 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 04, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 1,474 | $426M | 8.45% |
| High net worth individuals | 800 | $2.5B | 49.9% |
| Charitable organizations | 1 | $1.9M | 0.04% |
| Other | 1,122 | $2.1B | 41.6% |
People (77)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cain, Darrell, Ward | Ceo | Jul 1995 (31y) | ≈ 3.75% – 10% via Cain & Watters, Pc | |
| Dan Charles Wicker | Ceo | Personal Financial Specialist | Jan 1999 (28y) | ≈ 3.75% – 10% via Daniel C Wicker, Pc |
| Steven Lawrence Cain | Ceo | Jun 1999 (27y) | ≈ 3.75% – 10% via Steven L Cain, Pc | |
| Timothy Basil Greaves | Ceo | Mar 2002 (24y) | ≈ 3.75% – 10% via Tim B. Greaves, Pc | |
| Steven Bradley Clapp | Ceo | May 2002 (24y) | ≈ 3.75% – 10% via Steven B. Clapp, Pc | |
| Thomas Robert Sanders | Ceo | Oct 2002 (24y) | ≈ 3.75% – 10% via Thomas R. Sanders, Pc | |
| Toni Hatcher Lee | Ceo | Personal Financial Specialist | Apr 2003 (23y) | ≈ 3.75% – 10% via Toni Hatcher Lee Pc |
| Judson Standefer Crawford | Ceo | Jul 2005 (21y) | ≈ 3.75% – 10% via Judson S. Crawford Pc | |
| Brian Robert Bortz | Ceo | Personal Financial Specialist | Dec 2005 (21y) | ≈ 3.75% – 10% via Brian R. Bortz Pc |
| Charles Arnold Loretto | Managing Member | Jan 2008 (19y) | ≈ 3.75% – 10% via Charles A. Loretto, Llc | |
| Hunter David Satterfield | Ceo | Jan 2009 (18y) | ≈ 3.75% – 10% via Hunter D. Satterfield Pc | |
| Mason Stern | Managing Member | Jun 2014 (12y) | ≈ 3.75% – 10% via Mason G. Stern Pllc | |
| David Giles Forbess | Managing Member | Jun 2015 (11y) | ≈ 3.75% – 10% via David G. Forbess Pllc | |
| Erwin, Scott | Chief Operations Officer | Jan 2024 (3y) | Less than 5% | |
| Darley, Timothy, Andrew | General Counsel | Jul 2024 (2y) | Less than 5% | |
| Bolf, Jeremy, Layne | Chief Compliance Officer | Sep 2024 (2y) | Less than 5% | |
| Holly Allison Grube | Registered representative | Feb 2004 (22y) | ||
| Edward Michael Daude | Registered representative | May 2005 (21y) | ||
| Paul Douglas Lyons | Registered representative | CFP | Feb 2006 (20y) | |
| Heidi H Barnett | Registered representative | May 2006 (20y) | ||
| Thomas Damon Gates | Registered representative | Jun 2006 (20y) | ||
| William Thomas Harrigan | Registered representative | Jul 2006 (20y) | ||
| Bradley Wayne Blasingame | Registered representative | Jan 2007 (20y) | ||
| Keith Robert Klein | Registered representative | Aug 2010 (16y) | ||
| Caitlin Summers Bryan | Registered representative | Feb 2011 (15y) | ||
| Jennifer Lynn Gage | Registered representative | Apr 2011 (15y) | ||
| Regan Elizabeth Stephenson | Registered representative | Jun 2011 (15y) | ||
| Brad Robert Sanders | Registered representative | CFA | May 2012 (14y) | |
| Brook Hoover | Registered representative | Jun 2014 (12y) | ||
| Matthew Scott Clynch | Registered representative | Jul 2014 (12y) | ||
| Angela Marie Svitak | Registered representative | Mar 2015 (11y) | ||
| Brittany Morgan Frazier | Registered representative | Mar 2015 (11y) | ||
| Zane Jeffrey Harris | Registered representative | Jul 2016 (10y) | ||
| Kaitlin Elizabeth Mitchell | Registered representative | Aug 2016 (10y) | ||
| Erica C Sanders | Registered representative | Jul 2017 (9y) | ||
| Scott Alan Lyle | Registered representative | Jun 2018 (8y) | ||
| Sarah Kelly Oliver | Registered representative | Oct 2018 (8y) | ||
| Jennifer Erin Klein | Registered representative | Oct 2018 (8y) | ||
| Justin Morgan Fry | Registered representative | Jun 2019 (7y) | ||
| Trevor Christian Bates | Registered representative | Sep 2019 (7y) | ||
| Julie Marie Denham | Registered representative | Feb 2020 (6y) | ||
| Annie Caroline Lamm | Registered representative | Sep 2020 (6y) | ||
| Eric Joseph Lamm | Registered representative | Jan 2021 (6y) | ||
| Matthew James Peterson | Registered representative | Feb 2021 (5y) | ||
| Laura O. Lamar | Registered representative | Mar 2021 (5y) | ||
| Jonathan Barrett Perry | Registered representative | Apr 2021 (5y) | ||
| Michael George Jarvie | Registered representative | CFP | May 2021 (5y) | |
| Lauren Estelle Roecker | Registered representative | Jun 2021 (5y) | ||
| Kellee Angela Harrigan | Registered representative | Jun 2021 (5y) | ||
| Brendren Spencer Austin | Registered representative | Jul 2021 (5y) | ||
| Samuel David Richter | Registered representative | Aug 2021 (5y) | ||
| Blake Everett Chandler | Registered representative | Oct 2021 (5y) | ||
| Allie Klein Jones | Registered representative | May 2022 (4y) | ||
| Amanda Christine Perry | Registered representative | Jul 2022 (4y) | ||
| Benjamin Michael Svoboda | Registered representative | Sep 2022 (4y) | ||
| John Christian Bauer | Registered representative | Feb 2023 (3y) | ||
| Kiley Christine Bratton | Registered representative | Sep 2023 (3y) | ||
| Aaron Mitchell Rosenthal | Registered representative | Nov 2023 (3y) | ||
| Heather Paige Parks | Registered representative | Dec 2023 (3y) | ||
| Alexandra Addison Smith | Registered representative | Mar 2024 (2y) | ||
| Amanda Salinas Evans | Registered representative | Mar 2024 (2y) | ||
| Brandi Lynn Adams | Registered representative | Mar 2024 (2y) | ||
| Eric Allen Jacobsmeyer | Registered representative | CFP Personal Financial Specialist | May 2024 (2y) | |
| Jaze Mance Randolph | Registered representative | Jul 2024 (2y) | ||
| Shun Yang Wang | Registered representative | Jul 2024 (2y) | ||
| Samuel Austyn Scott | Registered representative | CFP | Aug 2024 (2y) | |
| Paul Samuel Nelson | Registered representative | Jan 2025 (2y) | ||
| Micah Taylor Adams | Registered representative | CFP | Mar 2025 (1y) | |
| Gizelle Grace George | Registered representative | Mar 2025 (1y) | ||
| Caeden Ames Byrd | Registered representative | Apr 2025 (1y) | ||
| Brandon Alexander Bascue | Registered representative | Jun 2025 (1y) | ||
| Alyssa Louise Witter | Registered representative | Jun 2025 (1y) | ||
| Caleb Michael Hein | Registered representative | Jul 2025 (1y) | ||
| Garrett Allen Herrmann | Registered representative | Jul 2025 (1y) | ||
| Carly Nicole Campbell | Registered representative | Aug 2025 (1y) | ||
| Peyton Ray Campbell | Registered representative | Sep 2025 (1y) | ||
| Samantha Nicole Hill | Registered representative | Oct 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cain & Watters, Pc | Managing Member | Jan 2008 | A | 5% – 10% |
| Daniel C Wicker, Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Tim B. Greaves, Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Toni Hatcher Lee Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Thomas R. Sanders, Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Steven B. Clapp, Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Brian R. Bortz Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Steven L Cain, Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Judson S. Crawford Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Charles A. Loretto, Llc | Managing Member | Jan 2019 | A | 5% – 10% |
| Hunter D. Satterfield Pc | Managing Member | Jan 2019 | A | 5% – 10% |
| Mason G. Stern Pllc | Managing Member | Jan 2023 | A | 5% – 10% |
| David G. Forbess Pllc | Managing Member | Jan 2023 | A | 5% – 10% |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Cain, Darrell, Ward: 75% – 100% of Cain & Watters, Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Dan Charles Wicker: 75% – 100% of Daniel C Wicker, Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Steven Lawrence Cain: 75% – 100% of Steven L Cain, Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Timothy Basil Greaves: 75% – 100% of Tim B. Greaves, Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Steven Bradley Clapp: 75% – 100% of Steven B. Clapp, Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Thomas Robert Sanders: 75% – 100% of Thomas R. Sanders, Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Toni Hatcher Lee: 75% – 100% of Toni Hatcher Lee Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Judson Standefer Crawford: 75% – 100% of Judson S. Crawford Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Brian Robert Bortz: 75% – 100% of Brian R. Bortz Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Charles Arnold Loretto: 75% – 100% of Charles A. Loretto, Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Hunter David Satterfield: 75% – 100% of Hunter D. Satterfield Pc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Mason Stern: 75% – 100% of Mason G. Stern Pllc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- David Giles Forbess: 75% – 100% of David G. Forbess Pllc × 5% – 10% direct ≈ 3.75% – 10% of the firm
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) | 06/04/2026 | 1.24 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $2.8B (55% of AUM) Jun 2026
- T Bank, Na $2.3B (45% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having 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: Jun 04, 2026.
View current Form ADV (SEC/IAPD) ↗