9AT: STW ASSOCIATES

STW ASSOCIATES

STW ASSOCIATES

Adviser Profile

As of Date	03/27/2026
Registration	SEC, Approved, 04/18/1991
Contact Info	415 xxxxxxx

AUM^*	152,816,000 17%
of that, discretionary	0
Number of Employees	1
of those in investment advisory functions	1
Private Fund GAV^*	0
Avg Account Size	10,187,733 24%
% High Net Worth	100.00%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- High net worth individuals

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers

Compensation Arrangments

- Fixed fees (other than subscription fees)

Reported AUM

153M 131M 109M 87M 65M 44M 22M

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

STW Associates provides individuals with personal financial planning and investment management services. It was organized as a Corporation in 1997. The firm had operated as a sole proprietorship since it first began business in 1989. Stefan Williams, who owns 100% of the firm, is its sole advisor and investment advisor representative. STW Associates operates on a strict fee-only basis. As such, it does not sell any products such as annuities, insurance, stocks, bonds, limited partnership interests, mutual funds or any other financial product. No commissions or referral fees are accepted. STW Associates provides clients with individualized personal financial planning and investment management. It assists clients with organizing financial data and in articulating current, longer-term and testamentary goals. The firm may provide recommendations as to various courses of action to undertake and may provide specific investment advice including asset allocation and specific security selection. Services generally include an annual tax and financial update as well as ongoing monitoring of the investment portfolio. Under a limited power of attorney, the firm may execute security transactions on behalf of a client. Such transactions will only be undertaken subsequent to receiving client approval of the specific recommendation (i.e. on a non-discretionary basis). All personal financial planning and investment

management services are tailored to meet individual client needs based upon the client’s unique circumstances. Referrals to other professionals (e.g. estate planning attorneys, CPA’s and insurance professionals) are generally made, depending on client specific circumstances. STW Associates does not accept any form of remuneration when referrals are made to others. Investment recommendations generally include construction of portfolios consisting of mutual funds and exchange-traded funds (“ETF”). Other investment vehicles, including but not limited to closed end funds, money market accounts, individual stocks, separately managed accounts, limited partnership interests, annuities, options, warrants, exchange- traded notes and private investments have been included in client portfolios in the past although with far less frequency than mutual funds and ETF’s. Clients may impose reasonable restrictions on the firm to limit recommendations for investing in certain securities or types of securities. STW Associates does not participate in wrap fee programs. As of February 29, 2024, STW Associates had $131.0 million of regulatory assets under management, all on a non-discretionary basis. Although the majority of client investment assets are custodied at Charles Schwab & Co., Inc., STW Associates does not recommend or require any specific custodian for client assets.