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Cain, Watters & Associates, LLC

Updated today

Total assets under management

$5,036,805,273

Total clients

2,274

35% high-net worth

Total advisors

73

of 341 employees

Firm size

Enterprise

51-2,000 advisors or $10B+ in AUM

Average clients per advisor

31

Average account size

$2,214,954

About

Cain, Watters & Associates provides financial planning, retirement planning, and portfolio management primarily to individuals, trustees/plan sponsors, and professional entities, with a concentration on dental and other healthcare professionals. Services described in the brochure include comprehensive financial planning, ERISA pension plan advice, unified managed accounts (UMA), separately managed accounts (SMA), pooled investment fund access, and donor-advised fund services.

The firm says it teaches a long‑term investing philosophy and implements client strategies through a mix of discretionary and non‑discretionary programs, model allocations, and third‑party money managers. As disclosed, CWA manages roughly $2.38 billion on a discretionary basis and about $2.65 billion on a non‑discretionary basis, reflecting an atypically large non‑discretionary footprint relative to many peers.

CWA is part of a holding‑company structure with several affiliated businesses—including a CPA/accounting practice (CWA Tax and Accounting and CFOOrtho), an affiliated national bank that offers collective investment funds (T Bank), an affiliated adviser (Tectonic), and a broker‑dealer (Sanders Morris)—and it discloses recommendations of those affiliates’ products and services. The brochure also highlights niche offerings for dentists and practice transitions (e.g., 7 Pillars, NDP) and does not emphasize traditional corporate or large business client relationships.

Client services

Financial planning Portfolio management Selection of other advisers Educational seminars or workshops

Expertise

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments

Occupation focus

Dentist

Fee options

Fixed

Financial planning initial consultation fee of $10,000 (one-professional household) or $12,000 (two-professional household). Basic ERISA Plan Services fee of $300 annually ($25/month).

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $3,000,000: 0.80% $3,000,001 - $5,000,000: 0.75% $5,000,001 - $10,000,000: 0.60% $10,000,001 - $15,000,000: 0.50% $15,000,001 - $20,000,000: 0.45% $20,000,001 - $25,000,000: 0.40% $25,000,001+: 0.35%

Commissions

Associated Persons licensed as insurance agents earn commissions on insurance products; commissions are separate and not credited against advisory fees.

Project-based

$500 per hour for out-of-scope financial planning services.

Performance-based

Performance-based fees charged by Sanders Morris for certain portfolios, not shared with CWA.

Other

Account minimum: $100,000 Minimum fee: Financial planning fees range from $3,300 to $15,600 annually for a one-professional household; $10,000 for initial comprehensive planning meeting for one professional household. Fee-only: Fee-only personal financial counseling and investment advisory services. Fees are negotiable.

Main office location

Cain, Watters & Associates, LLC

17 Cowboys Way, Suite 300

Frisco TX 75034, United States

Number of offices

3

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Paul N

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Amanda P

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

William H

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Toni L

PFS™, Series 65

Plano, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Angela S

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Jaze R

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Kiley B

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

David F

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Brittany F

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Caeden B

Series 66

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Keith K

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Samuel S

CFP®, Series 66

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Steven C

Series 65

Plano, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Sarah O

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
user avatar

Holly G

Series 65

Frisco, TX

Cain, Watters & Associates, LLC

Business sale tax planning Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Tax-loss harvesting Private / alternative investments Dentist
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