# CM Wealth Advisors

CM Wealth Advisors is a Multi Family Office based in Beachwood, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Beachwood, United States
- **Region:** North America
- **Address:** 2000 Auburn Drive Suite 400, Beachwood, OH 44122, United States
- **Founded:** 1983
- **Assets under management:** $2B+
- **Website:** cmwealthadvisors.com
- **LinkedIn:** https://www.linkedin.com/company/cm-wealth-advisors

## About

Bill O'Neill, Jr. established CM Wealth Advisors in 1983. The firm operates as a multi-family office from Beachwood, Ohio, and provides investment management, estate planning, and family governance services. The firm allocates across private equity, private credit, venture capital, and hedge funds. It maintains a direct co-investment program and partners with niche managers. Confirmed holdings include Olea Edge Analytics as a minority owner and CMWA PRIVATE EQUITY 2024-25 LLC as manager. Geographic reach covers North America with indicated exposure to Europe. Public market positions include Nvidia and Microsoft held through Edgewood. The firm employs professionals including Paul Bodnar as CIO, Douglas J. Smorag as COO, and Neal B. Colby as CFO. It maintains board roles at The MetroHealth Foundation, Sisters of Charity Health Systems, and the William J. and Dorothy K. O’Neill Foundation, which distributes about $3 million annually. No operational events from the last 24 months appear in available records. CM Wealth Advisors functions as a registered investment advisor with notice filings across multiple states. Its structure centers on personalized mandates for multiple families rather than a single lineage, with separate philanthropic vehicles tied to the founder.

## Sectors

- Private Equity
- Venture Capital
- Energy Transition & Renewables
- AI/ML
- Digital Health

## People

- Paul Bodnar — CIO and Partner
- Gary G. Isakov — Senior Client Advisor and Partner
- Douglas J. Smorag — Chief Operating Officer
- Neal B. Colby — CFO and CCO
- Aileen P. Werklund — Chief Client Officer

## Questions

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

Paul Bodnar serves as CIO and Partner. Douglas J. Smorag acts as COO and Ben Wallace holds the role of Director of Investments and Partner.

### Does CM Wealth Advisors participate in fund commitments or only direct deals?

The firm runs both fund-of-funds allocations and a direct co-investment program alongside lead sponsors.

### What investment stages does CM Wealth Advisors typically target?

The firm targets venture capital stages with confirmed interest in early-stage and growth opportunities.

### Does CM Wealth Advisors maintain philanthropic structures?

Yes. The William J. and Dorothy K. O’Neill Foundation, co-founded by Bill O'Neill, Jr., distributes roughly $3 million in grants each year.

### How does CM Wealth Advisors source proprietary deal flow?

The firm partners with niche managers and participates in local networks such as the Cleveland Area Family Office Exchange and Smart Business Dealmakers events.

### Is CM Wealth Advisors structured as a single family office or does it operate more like a venture firm?

It operates as a multi-family office with venture exposure through direct co-investments and fund commitments rather than a pure venture firm model.

## Related profiles

- [Pennsylvania Municipal Retirement System](https://altss.com/profile/pennsylvania-municipal-retirement-system)
- [Norfund](https://altss.com/profile/norfund)

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Last updated: 2026-08-10T15:54:10.904Z

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