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Churchill Management Group Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Churchill Management Group's founder and CEO Fred Fern was inducted into the Barron's Hall of Fame in 2019. Fern is a certified veteran of the investment industry, as he has over half a century of experience working with portfolios.

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 billions in assets under management (AUM), and it currently serves more than 7,000 clients. It's also on SmartAsset's top financial advisor list for Los Angeles.

Churchill Management Group Background

CEO and chairman Fred A. Fern founded Churchill Management Group in 1963. Fern is also a chartered investment counselor (CIC). The firm is headquartered in Los Angeles, and has many offices across the country.

Churchill Management offers financial planning, 401(k) planning and investment management services. In addition, the firm uses its discretionary authority to invest primarily in publicly traded equity and equity-related securities. 

Churchill Management Group Client Types and Minimum Account Sizes

Churchill Management works with individuals both with and without a high net worth, pension plans, trusts, investment funds, charitable organizations, businesses and more.

The firm generally requires an account minimum of $750,000, but for its Chartwell Funds, it prefers a minimum of $1 million. The firm may be willing to waive these requirements under certain circumstances.

Services Offered by Churchill Management Group

Churchill Management primarily provides investment management and financial planning services, but it also offers investment products. Its services and products include:

  • Investment Strategies
    • Fully invested strategies
    • Fixed income strategies
    • Tactical strategies
    • Combined strategies  
  • Investment Products 
  • Financial Planning
    • Securities investing advice 
    • Financial plan strategies 
  • 401(k) planning

Investment Philosophy

Through Churchill Management’s Premier 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 help ensure it meets client needs and performance expectations. These include the Premiere Wealth Tactical Core, Premiere Wealth Tactical, Maximum Growth Tactical, Tactical Opportunity, ETF Sector Rotation, Equity Growth Opporunity, 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 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. The firm bills the annual fees quarterly, and the fee ranges from 0.30% to 0.80%. For its Chartwell Family Funds, 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
Up to $2,500,000 1.00%
Next $2,500,000  0.80%
Next $5,000,000  0.70%
Greater than $10,000,000 0.60%

Churchill Management Group Awards and Recognition

Churchill Management was listed as one of Forbes' 2020 "Top Wealth Advisors." The firm also made it onto Barron's list of the Top Independent Advisors of 2020.

What to Watch Out For

Churchill Management Group doesn’t have any disclosures of a legal or regulatory nature on its Form ADV.

Opening an Account With Churchill Management Group

The easiest way to make initial contact with the firm is to submit your contact information on its website. Alternately, you can call the firm’s Los Angeles phone number (323) 937-7110 or email an advisor at the office nearest you through its website.

All information is accurate as of the writing of this article.

Tips for Getting Retirement Ready

  • It's been said that a goal without a plan is only a dream. For help making a concrete plan so you can achieve your retirement goals, consider using the services of a financial advisor. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Unless you are a very high earner, savings alone won't likely be enough to support your retirement. You'll need to invest your nest egg so it can grow. To get a sense of how much you need to save over time, use SmartAsset's investment calculator.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.