Cleveland Wealth, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Cleveland Wealth, LLC provides portfolio management, comprehensive financial planning, and pension consulting primarily to individual and high‑net‑worth clients, serving roughly 396 households with just over $506 million in assets under management. The firm has an account minimum for portfolio management (generally $500,000) and also refers clients to third‑party advisers and money managers when appropriate.
The firm structures portfolios with written investment policy statements and uses modern portfolio theory, employing both long‑ and short‑term trading and periodic monitoring (at least annually) of client accounts. Notably, Cleveland Wealth executes most client relationships on a non‑discretionary basis—reporting about $503.2 million as non‑discretionary versus roughly $3.34 million discretionary—and requires clients to use designated custodians such as Schwab and Fidelity.
Cleveland Wealth reports over $500 million in AUM while maintaining a relatively small advisory headcount, resulting in an unusually large amount of assets per advisor compared with many peers. Many supervised persons are also licensed to sell insurance and structured settlement products through affiliated entities, a relationship the firm discloses and documents as a potential conflict while informing clients they are not required to use those affiliated services.
Client services
Expertise
Fee options
Financial planning fees range from $1,200 to $10,000 annually (fixed, negotiated fees).
$0 - $499,999: 1.50% $500,000 - $999,999: 1.35% $1,000,000 - $2,499,999: 1.15% $2,500,000 - $4,999,999: 1.00% $5,000,000 - $9,999,999: 0.80% $10,000,000+: 0.65%
Commission for insurance products such as Structured Settlement Annuity Products, Fixed Annuities, and Fixed Life Insurance; commissions are separate and not the primary source of compensation.
Account minimum: $500,000
Main office
600 Superior Avenue East, Suite 2550
Cleveland OH 44114
Advisors at this office
3
Most active in
Florida · Illinois · Louisiana · Michigan · Ohio · Pennsylvania · Texas
Also doing business as
Cleveland Wealth, LLC · Sgs Clevelandwealth, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Thomas S
Series 63, Series 65
Cleveland, OH
Cleveland Wealth, LLC
Thomas Stockett is a financial advisor with Cleveland Wealth, LLC, holding Series 63 and Series 65 licenses and bringing 15 years of industry experience. He is also involved in insurance and structured settlement businesses, acting as an independent insurance agent and principal or owner of several related entities. Stockett has held roles with Sage Settlement Consulting and multiple insurance and settlement firms concurrent with his work at Cleveland Wealth. Cleveland Wealth, LLC provides portfolio management, financial planning, and pension consulting primarily to individual and high-net-worth clients. The firm manages over $500 million in assets, typically on a non-discretionary basis, using written investment policy statements and modern portfolio theory.
Douglas S
CFP®, ChFC®, Series 63
Cleveland, OH
Cleveland Wealth, LLC
Douglas Sockman is a financial advisor at Cleveland Wealth, LLC with 29 years of industry experience. He holds the CFP® and ChFC® designations, along with a Series 63 license. Mr. Sockman is also the owner of CW Insurance, LLC, where he is involved in life, LTC, DI, and fixed annuities sales. Cleveland Wealth, LLC provides portfolio management, comprehensive financial planning, and pension consulting primarily to individual and high-net-worth clients. The firm uses written investment policy statements and modern portfolio theory, managing most client relationships on a non-discretionary basis and requires designated custodians such as Schwab and Fidelity.
Ashley A
CFP®, Series 65
Cleveland, OH
Cleveland Wealth, LLC
Ashley Arsena is a CFP® and Series 65-licensed advisor at Cleveland Wealth, LLC with eight years of industry experience. She previously worked at Shaker Investments LLC for eleven years before joining Cleveland Wealth in 2026. Cleveland Wealth, LLC provides portfolio management, comprehensive financial planning, and pension consulting primarily to individual and high-net-worth clients. The firm uses written investment policy statements and modern portfolio theory, managing over $500 million in assets mostly on a non-discretionary basis, and maintains a relatively small advisory team.
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