Cleveland Wealth, LLC

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Client assets under management

$506,578,765

Clients

396

33% high-net worth

Advisors

of 6 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

132

Very High

Average account size

$1,279,239

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

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Annuities

Fee options

Fixed

Financial planning fees range from $1,200 to $10,000 annually (fixed, negotiated fees).

Percentage

$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%

Commissions

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.

Other

Account minimum: $500,000

Main office location

Cleveland Wealth, LLC

600 Superior Avenue East, Suite 2550

Cleveland OH 44114, United States

Number of offices

Most active in

Florida · Illinois · Michigan · Ohio · Pennsylvania · Texas

Disclosures

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:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website (216) 810-5900

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 has held roles at multiple related firms, including Sage Settlement Consulting and CW Insurance, LLC, and is involved in insurance and structured settlement businesses through his ownership and principal positions in several entities. Cleveland Wealth, LLC serves individual and high-net-worth clients by providing portfolio management, comprehensive financial planning, and pension consulting, with an investment approach based on modern portfolio theory and a predominance of non-discretionary asset management. The firm also offers access to insurance and structured-settlement products through licensed representatives.

Annuities

Douglas S

CFP®, ChFC®, Series 63

Cleveland, OH

Cleveland Wealth, LLC

Douglas Sockman is a CFP® and ChFC® with 28 years of industry experience. He is a principal at Cleveland Wealth, LLC and the owner of CW Insurance, LLC, where he is involved in the sale of life, long-term care, disability insurance, and fixed annuities. Prior to joining Cleveland Wealth, he worked at MML Investors Services Inc and Mass Mutual Life Insurance for 13 years. Cleveland Wealth, LLC serves individual and high-net-worth clients by providing portfolio management, comprehensive financial planning, and pension consulting. The firm employs modern portfolio theory with a mix of trading strategies and offers both discretionary and predominantly non-discretionary account management, frequently referring clients to third-party money managers.

Annuities

Ashley A

CFP®, Series 65

Cleveland, OH

Cleveland Wealth, LLC

Ashley Arsena is a CFP®-certified financial advisor at Cleveland Wealth, LLC with seven years of industry experience. Prior to joining Cleveland Wealth in 2026, she worked at Shaker Investments LLC for eleven years and has experience in the food service industry. Cleveland Wealth, LLC serves individual and high-net-worth clients by providing portfolio management, comprehensive financial planning, and pension consulting. The firm uses modern portfolio theory and a combination of discretionary and non-discretionary account management, frequently referring clients to third-party money managers.

Annuities

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