# Challenger Wealth Management

> Challenger Wealth Management is an SEC-registered investment advisory firm in Aliso Viejo, CA, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 10, 2026.

- CRD: 121498
- Filed as: CHALLENGER WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Aliso Viejo, CA
- Filing period: October 2026
- Form ADV filing dated: March 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121498
- AdvisorCensus page: https://advisorcensus.com/firm/challenger-wealth-management-aliso-viejo-ca-121498

## Quick answers

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

**Where is Challenger Wealth Management located?**
Challenger Wealth Management's principal office is in Aliso Viejo, CA, according to its Form ADV.

**Is Challenger Wealth Management registered with the SEC or a state?**
Challenger Wealth Management is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 121498.

**How much does Challenger Wealth Management manage?**
Challenger Wealth Management reports $275,547,380 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (100% discretionary).

**How have Challenger Wealth Management's assets and staff changed since 2024?**
In the Form ADV data for Challenger Wealth Management: Regulatory assets under management: $177,265,001 in the October 2024 data and $275,547,380 in the October 2026 data, up 55%. Total employees: 3 in October 2024 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Challenger Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (149); high net worth individuals (89); charitable organizations (21).

**Which custodians does Challenger Wealth Management use?**
Challenger Wealth Management'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 Challenger Wealth Management report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/121498

**Does Challenger Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 10, 2026 says: "CWM does not have an account minimum for its asset management services."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 10, 2026)

- Account minimum: None

> CWM does not have an account minimum for its asset management services.

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: $275,547,380
- Discretionary: $275,547,380
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 149 | $49,017,694 |
| High net worth individuals | 89 | $196,624,955 |
| Charitable organizations | 21 | $25,042,928 |
| Corporations or other businesses not listed above | 4 | $4,861,803 |

### 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: 2024 (2 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, ID, IL, MI, MO, NC, NY, OR, TX, WA
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/121498

### Websites listed on Form ADV (Item 1.I)
- challengerwealth.com
- LinkedIn @nancy-challenger-32a2b614

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $177,265,001 | 3 | May 15, 2024 |
| October 2025 | $258,265,359 | 2 | March 14, 2025 |
| October 2026 | $275,547,380 | 3 | March 10, 2026 |

Regulatory assets under management: $177,265,001 in the October 2024 data and $275,547,380 in the October 2026 data, up 55%.
Total employees: 3 in October 2024 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Challenger Wealth Management (CRD 121498): Form ADV filing data as of October 2026.