9AT: CHURCHILL MANAGEMENT GROUP

CHURCHILL MANAGEMENT GROUP

other names

CHURCHILL MANAGEMENT GROUP
CHURCHILL MANAGEMENT CORP

Adviser Profile

Registration status

Terminated

As of Date	09/25/2025
ADV Location	LOS ANGELES, CA, United States
Adviser Type - Large advisory firm
Number of Employees	55 -7%
of those in investment advisory functions	42 -2%

AUM^*	10,083,906,150 41%
of that, discretionary	9,862,212,182 40%
Private Fund GAV^*	0 -100%
Avg Account Size	491,874 31%
% High Net Worth	62.20% 0%
SMA’s	Yes
Private Funds	0 3
Contact Info	323 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

8B 7B 6B 4B 3B 2B 1B

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Churchill is a California corporation that has been in business since 1963. Churchill serves as the investment adviser to multiple client Accounts and investment limited partnerships. Churchill’s controlling owner is Fred A. Fern. As of March 31, 2024, Churchill had total discretionary assets under management of approximately $8,829,966,255 and had total non-discretionary assets under management of approximately $181,797,075. Churchill invests on behalf of its clients principally, but not solely, in equity and equity-related securities that are traded publicly, but is authorized to enter into any type of investment transaction that it deems appropriate, pursuant to the terms of the client’s partnership or other Account agreement. The investors in the funds that Churchill manages have no opportunity to select or

evaluate any fund investments or strategies. Churchill selects all fund investments and strategies. Churchill also provides financial planning services for clients that specifically engage Churchill for that service. Churchill may assist a Client in hiring professionals, such as CPAs and Estate Attorneys, but does not endorse any such professional. It is ultimately the Client's responsibility to interview and hire such professional based on their own judgment. Churchill also provides advice to Retirement Plan clients regarding the investment options, including investment options managed by Churchill that may be offered to participants in the Retirement Plan. Each client selects a strategy based on the individual needs of the client. Churchill’s discretionary authority can be limited as described in Item 16.