{
  "crd_number": 107058,
  "slug": "check-capital-management-inc-costa-mesa-ca-107058",
  "primary_business_name": "CHECK CAPITAL MANAGEMENT INC",
  "legal_name": "CHECK CAPITAL MANAGEMENT INC",
  "dbas": [],
  "city": "Costa Mesa",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1987-03-06",
  "years_registered": 39,
  "period": "2026-10-01",
  "filing_date": "2026-08-26",
  "carried_forward": false,
  "raum_total": 2370626516.0,
  "raum_discretionary": 2147163348.0,
  "raum_non_discretionary": 223463168.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 12,
  "advisory_employees": 9,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 45776643.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 2226627976.0,
      "count": 1192
    },
    "corporations_other_businesses": {
      "raum": 98221897.0,
      "count": 30
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "HI",
    "ID",
    "IL",
    "LA",
    "MD",
    "MI",
    "MN",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "TN",
    "TX",
    "UT",
    "VA",
    "WA"
  ],
  "websites": [
    "https://checkcapital.com",
    "https://facebook.com/checkcapital",
    "https://linkedin.com/company/check-capital-management-inc-",
    "https://twitter.com/CheckCapital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107058",
  "city_as_filed": "COSTA MESA",
  "url": "https://advisorcensus.com/firm/check-capital-management-inc-costa-mesa-ca-107058",
  "display_name": "Check Capital Management Inc",
  "summary": "Check Capital Management Inc is an SEC-registered investment advisory firm in Costa Mesa, CA, registered since 1987, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.",
  "citation": "AdvisorCensus. Check Capital Management Inc (CRD 107058): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Check Capital Management Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Check Capital Management Inc reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Check Capital Management Inc located?",
      "a": "Check Capital Management Inc's principal office is in Costa Mesa, CA, according to its Form ADV."
    },
    {
      "q": "Is Check Capital Management Inc registered with the SEC or a state?",
      "a": "Check Capital Management Inc is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 107058."
    },
    {
      "q": "How much does Check Capital Management Inc manage?",
      "a": "Check Capital Management Inc reports $2,370,626,516 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (91% discretionary)."
    },
    {
      "q": "How have Check Capital Management Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Check Capital Management Inc: Regulatory assets under management: $1,255,708,810 in the October 2021 data and $2,370,626,516 in the October 2026 data, up 89%. Total employees: 10 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Check Capital Management Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,192); corporations or other businesses not listed above (30); investment companies (1)."
    },
    {
      "q": "Which custodians does Check Capital Management Inc use?",
      "a": "Check Capital Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Check Capital Management Inc report any disciplinary disclosures?",
      "a": "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/107058"
    },
    {
      "q": "Does Check Capital Management Inc state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"CCM imposes a minimum investment of $500,000 per new Client. This requirement may be waived, at CCM’s sole discretion.\""
    },
    {
      "q": "What changed in Check Capital Management Inc's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Registered or notice-filed in CO."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1255708810.0,
      "total_employees": 10,
      "filing_date": "2021-03-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1605508839.0,
      "total_employees": 10,
      "filing_date": "2022-04-19"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1403109481.0,
      "total_employees": 11,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1735092627.0,
      "total_employees": 11,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2093504641.0,
      "total_employees": 12,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2370626516.0,
      "total_employees": 12,
      "filing_date": "2026-08-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Registered or notice-filed in CO."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $2,093,504,641 to $2,370,626,516 (+13%).",
        "Registered or notice-filed in MD.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CO."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "CCM imposes a minimum investment of $500,000 per new Client.  This requirement may be waived, at CCM’s sole discretion."
        ]
      }
    ],
    "quotes": [
      "CCM imposes a minimum investment of $500,000 per new Client.  This requirement may be waived, at CCM’s sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/check-capital-management-inc-costa-mesa-ca-107058.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1192,
      "fewer_than_5": false,
      "raum": 2226627976.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 45776643.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 30,
      "fewer_than_5": false,
      "raum": 98221897.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107058",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}