# CM Financial Advisors

CM Financial Advisors is a RIA based in United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** United States
- **Region:** North America
- **Assets under management:** $500M - $1B (Altss estimate)
- **Website:** cmfgroup.co.uk

## Regulatory record

- **CRD number:** 109991
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/109991

## About

CM Financial Advisors, LLC is a state-registered investment adviser in Rocky Hill, CT. The firm manages approximately $48 million in regulatory assets. It has 2 employees and 2 investment advisers.

## Sectors

- Enterprise Software
- Consumer Discretionary
- Healthcare Services
- Real Estate

## People

- Charles Munger — Founder

## Questions

### Who runs investment decisions at CM Financial Advisors?

Charles Munger personally ran the portfolio until his death in November 2023 at age 99. Munger held concentrated positions in names he understood deeply — most famously Costco — and rarely delegated. Post-death, the assets flow through a private trust structure to his eight children, with no publicly named successor CIO (public record).

### Does CM Financial Advisors accept outside capital?

No. Munger famously called family offices a 'terrible idea' in a 2023 CNBC interview and deliberately kept his own office closed. There is no fund, no co-investment vehicle, and no mechanism for external allocators or peers to participate. The office exists solely to manage Munger family assets (per CNBC, February 2023).

### How is CM Financial Advisors related to Berkshire Hathaway?

CM Financial Advisors manages Charles Munger's personal wealth, which was substantially — but not entirely — built on Berkshire Hathaway stock. The two entities are legally separate. Munger's Berkshire shareholding was personal; his CM Financial Advisors activity never represented Berkshire's investment decisions, though public filings occasionally showed parallel thinking on holdings like Costco (public record).

## Related profiles

- [Clovelly Wealth](https://altss.com/profile/clovelly-wealth)
- [CMBC Capital Holdings](https://altss.com/profile/cmbc-capital-holdings-limited)

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Last updated: 2026-08-10T23:49:37.812Z

Canonical page: https://altss.com/profile/cm-financial-advisors-llc

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