Cogwheel Wealth Management, LLC

Cogwheel Wealth Management is a small, state‑registered investment adviser that provides investment supervisory services and financial planning to a very limited client base — about five clients with roughly $18.9 million in assets under management. Its clients are primarily individuals, including high‑net‑worth clients, and the firm also works with pension and profit‑sharing plan accounts.

The firm manages portfolios using an asset‑allocation approach that employs mutual funds, ETFs, individual equities and fixed‑income instruments, and it conducts ongoing monitoring with periodic reviews. A substantial portion of assets is managed on a non‑discretionary basis, with client authorization obtained before many trades, while a smaller portion is managed on a discretionary basis.

Cogwheel operates as a solo practitioner under a single owner and combines financial planning with portfolio management, offering fixed‑fee and hourly planning arrangements alongside asset‑based advisory services — a mix of billing practices that is uncommon for firms of this regulatory profile. The firm’s brochure discloses prior regulatory actions, including a recent administrative consent order addressing advisory disclosures and fee assessment and earlier state enforcement matters involving the owner; the firm states corrective measures have been implemented.