Churchill Management Group

CRD#109651
Investment Advisor Firm

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Overview

Churchill Management Group operates as a financial advisor firm located in Los Angeles, California. It controls $6.6 billion in assets under management throughout 17,872 accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). The company has an average-sized group of 57 employees, of which 48 are financial advisors. Churchill Management Group is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets like equities, bonds and options.

Churchill Management Group manages more than half of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without needing the client's consent. The firm also manages 688 non-discretionary accounts with a total of $151.7 million in assets. The firm's typical account size is $366,624. The average financial advisor at Churchill Management Group oversees around 372 client accounts.

Churchill Management Group's headquarters is located at 5900 Wilshire Blvd., Los Angeles, California 90036. The company is legally allowed to serve customers throughout 51 U.S. states and territories.

Assets Under Management

$6.6 billion

Number of Advisors

48

Disclosures

No

Office Location

5900 Wilshire Blvd.
Los Angeles, CA 90036

Churchill Management Group by the Numbers

Total Assets Under Management

$6.6 billion

National Average: $3.7 billion
Total Number of Employees

57

National Average: 29
Total Number of Accounts

17,872

National Average: 2,073
Average Account Size

$366.6 thousand

National Average: $1.8 million

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Products and Services

Churchill Management Group provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. In the prior financial year, Churchill Management Group provided 251-500 of its customers with financial planning services. It is not involved in selling products or offering services aside from investment advice to its investment advisory customers. It also has a number of financial industry affiliations, including with a real estate broker or dealer.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees charged by financial advisors vary depending on which services the firm provides the client. However, fee types charged by the firm typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company manages money for a broad range of customers. It caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, corporations and other. Out of its 17,872 accounts, Churchill Management Group's largest client is high net worth investors, although it also serves 3,496 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 48.05%
  • Other Individuals - 36.32%
  • Corporations - 15.26%
  • Charitable Organizations - 0.37%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Churchill Management Group does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA