CL Wealth Management

CL Wealth Management is a multi-client registered investment advisory firm, not a single-family office. The firm serves multiple unrelated high-net-worth individuals and families from its Delray Beach office and charges fees based on a percentage of assets under management, per its Form ADV disclosures.

Christopher Lazzaro is a Certified Public Accountant and holds a Series 65 license. He founded CL Wealth Management in 2006 and concurrently operates a separate CPA practice, Lazzaro & Associates CPA, which allows him to integrate investment management with the tax preparation and planning workflow for shared clients.

The firm builds customized portfolios using equities, fixed income, mutual funds, and ETFs. It does not manage proprietary funds or pooled investment vehicles. Allocations are made through individually managed accounts with allocations tailored to each client's tax situation, retirement timeline, and income needs.

CL Wealth Management bills clients directly based on a percentage of assets under management. According to its most recent SEC filing, the firm does not participate in wrap fee programs, and clients may incur additional transaction costs through their custodian separate from the advisory fee.

The specific custodian relationships are not named in publicly available filings. The firm follows standard independent-RIA practice by maintaining client accounts at major third-party custodian platforms, most commonly Charles Schwab, Fidelity, or Pershing for firms of this profile, though the actual custodian is not confirmed in the public record.