# Capital Wealth Alliance, LLC

> Capital Wealth Alliance, LLC is an SEC-registered investment advisory firm in Scottsdale, AZ, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 1, 2026.

- CRD: 298257
- Filed as: CAPITAL WEALTH ALLIANCE, LLC
- Also doing business as: NEXT CHAPTER ADVISORY GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Scottsdale, AZ
- Filing period: October 2026
- Form ADV filing dated: August 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298257
- AdvisorCensus page: https://advisorcensus.com/firm/capital-wealth-alliance-llc-scottsdale-az-298257

## Quick answers

**How is Capital Wealth Alliance, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Capital Wealth Alliance, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Capital Wealth Alliance, LLC located?**
Capital Wealth Alliance, LLC's principal office is in Scottsdale, AZ, according to its Form ADV.

**Is Capital Wealth Alliance, LLC registered with the SEC or a state?**
Capital Wealth Alliance, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298257.

**How much does Capital Wealth Alliance, LLC manage?**
Capital Wealth Alliance, LLC reports $300,294,005 in regulatory assets under management in its Form ADV filing dated August 1, 2026 (100% discretionary).

**How have Capital Wealth Alliance, LLC's assets and staff changed since 2021?**
In the Form ADV data for Capital Wealth Alliance, LLC: Regulatory assets under management: $242,303,720 in the October 2021 data and $300,294,005 in the October 2026 data, up 24%. Total employees: 11 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capital Wealth Alliance, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (289); high net worth individuals (59).

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

**Does Capital Wealth Alliance, LLC 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/298257

**What changed in Capital Wealth Alliance, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $220,462,774 to $300,294,005 (+36%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Raymond James & Associates, 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: $300,294,005
- Discretionary: $299,331,240
- Non-discretionary: $962,765

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 289 | $79,003,243 |
| High net worth individuals | 59 | $221,290,762 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IL, MN, NE, NH, NJ, NY, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [capitalwealthalliance.com](https://capitalwealthalliance.com)
- [nextchapteradvisorygroup.com](https://nextchapteradvisorygroup.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $242,303,720 | 11 | May 28, 2021 |
| October 2022 | $266,346,089 | 9 | May 5, 2022 |
| October 2023 | $218,226,695 | 7 | March 8, 2023 |
| October 2024 | $235,537,132 | 9 | August 6, 2024 |
| October 2025 | $220,462,774 | 5 | March 5, 2025 |
| October 2026 | $300,294,005 | 5 | August 1, 2026 |

Regulatory assets under management: $242,303,720 in the October 2021 data and $300,294,005 in the October 2026 data, up 24%.
Total employees: 11 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $220,462,774 to $300,294,005 (+36%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Wealth Alliance, LLC (CRD 298257): Form ADV filing data as of October 2026.