Simplified Wealth Management, Llc
- Regulatory AUM
- $226M
- Discretionary
- $226M
- Clients
- 712
- Avg AUM / client
- $317K
- Accounts
- 1,642
- Employees
- 9
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Feb 16, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 616 | $73.6M | 32.6% |
| High net worth individuals | 91 | $146M | 64.7% |
| Pension and profit sharing plans | Fewer than 5 clients | $3.9M | 1.72% |
| Corporations and other businesses | 5 | $2.1M | 0.92% |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kevin Andrew Mccormick | Managing Principal / Cco | Jun 2018 (8y) | 75% or more | |
| Thomas Andrew Ricks | Registered representative | Jul 2018 (8y) | ||
| James Floyd Garraway | Registered representative | Feb 2022 (4y) | ||
| James Ray Carpenter | Registered representative | Jan 2025 (2y) | ||
| Ahmed Kamal Abouzaid | Registered representative | Sep 2025 (1y) | ||
| Kali Nevaeh Plunket | Registered representative | Oct 2025 (1y) | ||
| Mark Douglas Creel | Registered representative | Oct 2025 (1y) |
Undisclosed: 0% – 25% 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) | 02/16/2026 | 1.21 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: BETWEEN SEPTEMBER 2020 AND NOVEMBER 2021, GARRAWAY ELECTRONICALLY SIGNED CUSTOMER NAMES ON APPROXIMATELY 101 FORMS ASSOCIATED WITH INSURANCE AND SECURITIES PRODUCTS WITHOUT CUSTOMER PERMISSION. HE ALSO SIGNED ONE DOCUMENT FOR A CUSTOMER WITH THE CUSTOMER'S PERMISSION. THEREFORE, HE VIOLATED FINRA RULE 2010. HIS ACTIONS ALSO CAUSED FIRM RECORDS TO BE INACCURATE. THEREFORE, GARRAWAY ALSO VIOLATED FINRA RULES 4511 AND 2010. Status: Final Sanction Detail: THE $5,000 FINE WAS DEFERRED AND WOULD BE PAYABLE AT ANY TIME IN THE FUTURE THAT TREY GARRAWAY SOUGHT REGISTRATION WITH ANOTHER MEMBER FIRM. THE SUSPENSION WAS FOR 6 MONTHS. Summary: THE REPRESENTATIVE IN QUESTION, TREY GARRAWAY SIGNED THE AWC ON 7/18/23 AND SUBMITTED IT TO FINRA. HE IS NOT CURRENTLY REGISTERED AS A BROKER DEALER AGENT AND HAS NO CURRENT APPLICATION FOR SAID REGISTRATION AT THIS TIME.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Charles Schwab & Co. $221M (98% of AUM) Feb 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: Feb 16, 2026.
View current Form ADV (SEC/IAPD) ↗