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Carolina Wealth Management, Inc.

Carolina Wealth Management, Inc.. CRD 131393

Carolina Wealth Management, Inc. logo

CRD: 131393

Carolina Wealth Management, Inc.

$798.5M Total AUM
$583.8M Disc. AUM
-- 3Y CAGR
10 Employees
646 ADV. Clients
22 yrs Firm Age

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Firm Details

Custodian
Charles Schwab & Company
Clients
Retail and Institutional
Established Date
05-07-2004
Office Locations
1

Office Locations

1706-A East Arlington Blvd. Greenville NC

About Carolina Wealth Management, Inc.

Carolina Wealth Management, Inc. is an independent, fee-only registered investment adviser in Greenville, NC. The firm provides investment management and retirement planning for individuals, using a prudent fiduciary process centered on client goals and education. Portfolios emphasize asset allocation across stocks, bonds, mutual funds, ETFs, and cash, with custody at Charles Schwab.

Reported data analysis

What the numbers show

Between March 31, 2025 and April 27, 2026, reported AUM increased 12.2%, from $711.8M to $798.5M.

Across 5 reported observations, AUM increased 35.5% between March 25, 2022 and April 27, 2026, from $589.5M to $798.5M.

Of the latest reported AUM, 73.1% is discretionary and 26.9% is non-discretionary.

The firm reports 8 advisory representatives and 646 clients, or 80.8 clients per representative. That equates to $1.2M in reported AUM per client.

The profile lists 1 reported office location and 22 years in operation. The source data was last updated on April 27, 2026. Figures reflect reported regulatory data and may not include subsequent changes.

Team overview

45 AVG AGE
$99.8M AVG AUM / ADVISOR
$1.2M AVG AUM / CLIENT
9.2 yrs AVG TENURE
10 Employees
8 Advisory Reps
8 RIA Reps
22yrs Firm Age

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Available data coverage

  • Asset Classes
  • Client Personas
  • Custodian
  • Investment Themes
  • Investment Vehicles
  • Platform
  • Services
  • Technology

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Owner & Executives

DAVID RONALD DAMM

DAVID RONALD DAMM

Chief Executive Officer, Partner

CRD
#3090486
Ownership
25% but less than 50%
DEREK SANDERSON PSZENNY

DEREK SANDERSON PSZENNY

Chief Compliance Officer, Partner, President

CRD
#2951968
Ownership
25% but less than 50%

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Contacts

JONATHAN CRAIG BLACKWELL

JONATHAN CRAIG BLACKWELL

Certified Financial Planner

CRD
#5023105
Jorge Luis Martinez

Jorge Luis Martinez

Private Wealth Advisor

CRD
#8016620

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
03-25-2022
10-02-2023
03-29-2024
03-31-2025
04-27-2026
Category Assets AVG. Account size
Discretionary $583,817,383 $413,761
Non-Discretionary $214,638,272 $2,586,003
Total $798,455,655 $534,442

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Separately Managed Accounts

SMA allocation detail is available

Carolina Wealth Management, Inc. has reported separately managed account data across 9 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.

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