# Capital Wealth Advisors, Ltd.

> Capital Wealth Advisors, Ltd. is an SEC-registered investment advisory firm in West Bend, WI, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 155263
- Filed as: CAPITAL WEALTH ADVISORS, LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West Bend, WI
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155263
- AdvisorCensus page: https://advisorcensus.com/firm/capital-wealth-advisors-ltd-west-bend-wi-155263

## Quick answers

**How is Capital Wealth Advisors, Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Capital Wealth Advisors, Ltd. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Capital Wealth Advisors, Ltd.'s brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Capital Wealth Advisors, Ltd. located?**
Capital Wealth Advisors, Ltd.'s principal office is in West Bend, WI, according to its Form ADV.

**Is Capital Wealth Advisors, Ltd. registered with the SEC or a state?**
Capital Wealth Advisors, Ltd. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 155263.

**How much does Capital Wealth Advisors, Ltd. manage?**
Capital Wealth Advisors, Ltd. reports $126,107,540 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Capital Wealth Advisors, Ltd.'s assets and staff changed since 2021?**
In the Form ADV data for Capital Wealth Advisors, Ltd.: Regulatory assets under management: $111,471,089 in the October 2021 data and $126,107,540 in the October 2026 data, up 13%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capital Wealth Advisors, Ltd. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (147); high net worth individuals (38).

**Which custodians does Capital Wealth Advisors, Ltd. use?**
Capital Wealth Advisors, Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Capital Wealth Advisors, Ltd. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/155263

**Does Capital Wealth Advisors, Ltd. state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason."

**What changed in Capital Wealth Advisors, Ltd.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $113,830,906 to $126,107,540 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> Fees for Investment Management Services are calculated as a percentage of the total value of investments under CWA’s management. ... The maximum fee charged by CWA is 2.0%.

- Account minimum: None

> CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason.

- Minimum annual fee: None

> CWA does not require a minimum account size or minimum fee. The firm does, however, have the right to reject or terminate any account for any reason.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $126,107,540
- Discretionary: $126,107,540
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 147 | $58,268,577 |
| High net worth individuals | 38 | $67,838,963 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Other

### Firm details
- Registered since: 2014 (12 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $111,471,089 | 2 | February 8, 2021 |
| October 2022 | $122,051,175 | 2 | February 15, 2022 |
| October 2023 | $103,343,701 | 2 | February 16, 2023 |
| October 2024 | $106,641,597 | 2 | February 16, 2024 |
| October 2025 | $113,830,906 | 2 | March 31, 2025 |
| October 2026 | $126,107,540 | 2 | March 25, 2026 |

Regulatory assets under management: $111,471,089 in the October 2021 data and $126,107,540 in the October 2026 data, up 13%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $113,830,906 to $126,107,540 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Wealth Advisors, Ltd. (CRD 155263): Form ADV filing data as of October 2026.