# Capital Wealth Investments

> Capital Wealth Investments is an SEC-registered investment advisory firm in Scranton, PA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 23, 2026.

- CRD: 311698
- Filed as: CAPITAL WEALTH INVESTMENTS
- Legal name: Zullo Investment Group, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Scranton, PA
- Filing period: October 2026
- Form ADV filing dated: February 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311698
- AdvisorCensus page: https://advisorcensus.com/firm/capital-wealth-investments-scranton-pa-311698

## Quick answers

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

**Where is Capital Wealth Investments located?**
Capital Wealth Investments' principal office is in Scranton, PA, according to its Form ADV.

**Is Capital Wealth Investments registered with the SEC or a state?**
Capital Wealth Investments is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311698.

**How much does Capital Wealth Investments manage?**
Capital Wealth Investments reports $422,967,973 in regulatory assets under management in its Form ADV filing dated February 23, 2026 (100% discretionary).

**How have Capital Wealth Investments' assets and staff changed since 2021?**
In the Form ADV data for Capital Wealth Investments: Regulatory assets under management: $207,434,456 in the October 2021 data and $422,967,973 in the October 2026 data, up 104%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capital Wealth Investments serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (359); high net worth individuals (110).

**Which custodians does Capital Wealth Investments use?**
Capital Wealth Investments' 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 Investments 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/311698

**Does Capital Wealth Investments state an account minimum?**
Its Form ADV Part 2A brochure dated February 23, 2026 says: "CWI generally requires a minimum account size of $100,000 to open and manage an advisory account. However, in its discretion, from time to time, CWI may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other factors."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated February 23, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> CWI generally requires a minimum account size of $100,000 to open and manage an advisory account. However, in its discretion, from time to time, CWI may accept smaller accounts based on various criteria, such as anticipated future assets, related accounts, and other factors.

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: $422,967,973
- Discretionary: $422,967,973
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 359 | $102,928,666 |
| High net worth individuals | 110 | $320,039,307 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Other

### Firm details
- Registered since: 2020 (5 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MD, NC, NH, NJ, NY, OH, PA, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- capitalwealthinvestments.com
- Facebook @Capital-Wealth-Investments-244943009438236

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $207,434,456 | 2 | March 24, 2021 |
| October 2022 | $265,914,685 | 3 | September 12, 2022 |
| October 2023 | $256,561,090 | 3 | February 3, 2023 |
| October 2024 | $328,329,730 | 3 | March 1, 2024 |
| October 2025 | $398,519,141 | 3 | May 15, 2025 |
| October 2026 | $422,967,973 | 3 | February 23, 2026 |

Regulatory assets under management: $207,434,456 in the October 2021 data and $422,967,973 in the October 2026 data, up 104%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Wealth Investments (CRD 311698): Form ADV filing data as of October 2026.