Carolina Wealth Management, Inc.
- Regulatory AUM
- $798M
- Discretionary
- $584M
- Clients
- 646
- Avg AUM / client
- $1.2M
- Accounts
- 1,494
- Employees
- 10
AUM over time
Annual snapshots from Form ADV filings · as of Apr 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 443 | $130M | 16.3% |
| High net worth individuals | 144 | $446M | 55.8% |
| Pension and profit sharing plans | 42 | $201M | 25.2% |
| Charitable organizations | 9 | $4.1M | 0.51% |
| Corporations and other businesses | 8 | $18.0M | 2.25% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| M. R. Williams, Inc. 401(k) Profit Sharing Plan M. R. Williams, Inc. | 2024 | |
| Carolina Home Medical, Inc. Profit Sharing Plan And Trust Carolina Home Medical, Inc. | 2024 |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Ronald Damm | Chief Executive Officer | Apr 2004 (22y) | 25% – 50% | |
| Derek Sanderson Pszenny | President | Mar 2005 (21y) | 25% – 50% | |
| Silver, David, Walter | Owner, Chief Compliance Officer | Mar 2005 (21y) | 5% – 10% | |
| Thomas Duffy Meyer | Registered representative | Sep 2014 (12y) | ||
| Jonathan Craig Blackwell | Registered representative | CFP | Jan 2015 (12y) | |
| Patrick Declan Molamphy | Registered representative | Chartered Financial Consultant | Jan 2020 (7y) | |
| Adam Timothy Osterbur | Registered representative | Jan 2020 (7y) | ||
| Joseph Parish Parker | Registered representative | Apr 2020 (6y) | ||
| Jorge Luis Martinez | Registered representative | Dec 2024 (2y) |
Undisclosed: 0% – 45% 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.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| M. R. Williams, Inc. 401(k) Profit Sharing Plan | M. R. Williams, Inc. | 581 | $10.8M | 01/01/2024 |
| Carolina Home Medical, Inc. Profit Sharing Plan And Trust | Carolina Home Medical, Inc. | 378 | $20.3M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/27/2026 | 945 KB | 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
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $586M (73% of AUM) Apr 2026
- Alerus Securities Corporation $65.0M (10% of AUM) Mar 2024
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: Apr 27, 2026.
View current Form ADV (SEC/IAPD) ↗