AdvisorCensus / Financial advisors / West Virginia / Wheeling / Security Capital Management
Security Capital Management
Filed as SECURITY CAPITAL MANAGEMENT · Legal name Hazlett, Burt & Watson, Inc.
Security Capital Management is an SEC-registered investment advisory firm in Wheeling, WV, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.
Quick answers
From the filingHow is Security Capital Management compensated?
On its Form ADV (Item 5.E, October 2026), Security Capital Management reports these compensation arrangements: a percentage of assets under its management.
How much does Security Capital Management charge?
Its Form ADV Part 2A brochure dated March 25, 2026 states: Hourly rate: $300 an hour (Financial Planning Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Security Capital Management located?
Security Capital Management's principal office is in Wheeling, WV, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).
Is Security Capital Management registered with the SEC or a state?
Security Capital Management is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 396.
How much does Security Capital Management manage?
Security Capital Management reports $1,388,534,202 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (54% discretionary).
How have Security Capital Management's assets and staff changed since 2021?
In the Form ADV data for Security Capital Management: Regulatory assets under management: $999,219,565 in the October 2021 data and $1,388,534,202 in the October 2026 data, up 39%. Total employees: 23 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Security Capital Management serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,744); high net worth individuals (613); charitable organizations (19).
Which custodians does Security Capital Management use?
Security Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Security Capital Management report any disciplinary disclosures?
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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/396
Does Security Capital Management state an account minimum?
Its Form ADV Part 2A brochure dated March 25, 2026 says: "The minimum account size for Investment Management Services is generally $25,000. However, Security Capital Management may accept smaller portfolios or maintain portfolios whose value has fallen below $25,000 in SCM’s discretion."
What changed in Security Capital Management's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,197,878,280 to $1,388,534,202 (+16%). Employees performing advisory functions went from 13 to 14.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $25,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum account size for Investment Management Services is generally $25,000. However, Security Capital Management may accept smaller portfolios or maintain portfolios whose value has fallen below $25,000 in SCM’s discretion.
Hourly rate: $300 an hour (Financial Planning Services)
The brochure's wording
Hourly Basis: Hourly fees are charged at a rate of $300.00 per planner-hour, including meeting time and preparation time (“Hourly Fee”).
As stated in the firm's Form ADV Part 2A brochure dated March 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,388,534,202 as of October 2026, filing dated March 25, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
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
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Hazlett, Burt & Watson, Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2006 (20 years)
- Employees
- Total: 20. Performing investment advisory functions: 14.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
3 other offices, as of the April 2026 filing
- States registered or notice-filed
-
15 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 114 Reports 4 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.C(1) Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an 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. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,388,534,202 | 20 | March 25, 2026 |
| October 2025 | $1,197,878,280 | 19 | March 24, 2025 |
| October 2024 | $1,018,623,006 | 21 | March 26, 2024 |
| October 2023 | $982,736,375 | 19 | September 5, 2023 |
| October 2022 | $1,106,692,149 | 21 | March 10, 2022 |
| October 2021 | $999,219,565 | 23 | March 29, 2021 |
Regulatory assets under management: $999,219,565 in the October 2021 data and $1,388,534,202 in the October 2026 data, up 39%.
Total employees: 23 in October 2021 and 20 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $1,197,878,280 to $1,388,534,202 (+16%).
- Employees performing advisory functions went from 13 to 14.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Security Capital Management (CRD 396): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/security-capital-management-wheeling-wv-396