Churchill Management Group functions as a fee-only firm providing investment advisory services to investment limited partnerships and various client accounts. The financial advisor has more than $5.5 billion in assets under management (AUM), and it currently serves more than 17,000 clients.
Churchill Management Group Background
CEO and Chairman Fred A. Fern founded Churchill Management in 1963. The firm is headquartered in Los Angeles, but it also offers financial planning, 401(k) planning and investment management services at its other locations throughout the U.S. In addition, the firm uses its discretionary authority to invest primarily in publicly traded equity and equity-related securities.
What Types of Clients Does Churchill Management Group Accept?
Churchill Management provides investment advisory services to individuals, pension plans, trusts, investment funds and other types of entities.
Churchill Management Group Minimum Account Sizes
The firm generally requires an account minimum of $750,000, but for its Chartwell Family Funds and California Limited Partnerships, it prefers a minimum of $1,000,000.
Services Offered by Churchill Management Group
Churchill Management primarily provides investment management and financial planning services, but it also offers investment products. It’s services and products include:
- Investment Strategies
- Fully invested strategies
- Fixed income strategies
- Tactical strategies
- Combined strategies
- Investment Products
- Exchanged-traded funds (ETFs)
- Fixed income
- Cash and cash equivalents
- Financial Planning
- Securities investing advice
- Financial plan strategies
- 401(k) planning
Through Churchill Management’s Premiere Wealth Tactical investment philosophy, the firm strives to pinpoint and grow wealth in favorable markets while protecting capital from high-risk situations. The firm employs a number of investment strategies to ensure they’ve met client needs and performance expectations. These include the Premiere Wealth Tactical Core, Premiere Wealth Tactical, Maximum Growth Tactical, Tactical Opportunity, ETF Sector Rotation, Equity Dividend Income, Fixed Income and Equity Growth and Value strategies.
The firm also strongly prioritizes advisor-to-client communication, and believes in making sure they fully understand the risks associated with each client portfolio. Churchill Management says it also utilizes a top-down and bottom-up investment approach to meet each client’s specific needs.
Fees Under Churchill Management Group
Churchill Management bills and computes its fees quarterly in advance. The firm bases its final management fee on the total account value at the beginning of each quarterly computation period. For clients who decide to add to or withdraw from their accounts during the quarterly period, Churchill Management doesn’t require a refund or additional management fee for such actions. The firm does list annual management fees for certain account sizes, but these fees may vary upon negotiation.
For its Maximum Growth Tactical Strategy the firm charges a management fee of 1.25%. For accounts introduced by third-party solicitors or joint advisors, the management fees vary, but they’re available upon request. Churchill Management also retains the discretion to waive the first tier of its fee schedule.
The firm also participates in wrap fee programs and charges an annual fee. The firm bills the annual fees quarterly, and the fee ranges from 30 to 80 basis points (BPS). For its Chartwell Family Funds and Limited Partnerships, the firm charges a monthly management fee of 0.07% to 0.09% of AUM. Additionally, accounts investing in mutual funds pay investment advisory fees to the managers of those funds.
|Premiere Wealth Tactical, Premiere Wealth Tactical Core, ETF Sector Rotation, Equity Growth and Value, Equity Divided Income, Tactical Opportunity and Premiere Wealth Tactical Core/ETF Sector Rotation Strategies|
|Amount of Assets||Annual Management Fee|
|Between $750,000 and $2,500,000||1.0%|
|On the next $2,500,000||0.80%|
|On the next $5,000,000||0.70%|
|On the balance||0.60%|
Churchill Management Group Awards and Recognition
Churchill Management was listed as one of the 2018 Financial Times Top 300 Registered Investment Advisors. The Financial Times produces the ranking annually and bases its findings on firm data, regulatory disclosures and internal research. While the award doesn’t take into account the quality of client service, it focuses on six areas total: AUM, asset growth, compliance record, credentials, years in existence and online credibility.
What to Watch Out For
If you decide to open an account with Churchill Management, you’ll be responsible for two levels of fees for your investments. You’ll not only pay a management fee to the firm, but you’ll also pay an advisory fee which goes to the investment advisor of the investment companies in your portfolio.
Churchill Management doesn’t have any disclosures.
Opening an Account With Churchill Management Group
You’ll have a number of options if you’re interested in opening an account with Churchill Management. You can call the firm’s Los Angeles toll free phone number, or you can email them for assistance. You can also reach any of the other office locations by phone or through visiting in person.
Where is Churchill Management Group Located?
Churchill Management is headquartered in Los Angeles at 5900 Wilshire Blvd. The firm also has other offices scattered throughout the Northwest, Central, Eastern and Western regions of the U.S. See a complete list of the firm’s locations here.
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All information was accurate as of the writing of this article.