# Westchester Capital Management Inc

> Westchester Capital Management Inc is an SEC-registered investment advisory firm in Omaha, NE, registered since 1986, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 110961
- Filed as: WESTCHESTER CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Omaha, NE
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110961
- AdvisorCensus page: https://advisorcensus.com/firm/westchester-capital-management-inc-omaha-ne-110961

## Quick answers

**How is Westchester Capital Management Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Westchester Capital Management Inc reports these compensation arrangements: a percentage of assets under its management.

**Where is Westchester Capital Management Inc located?**
Westchester Capital Management Inc's principal office is in Omaha, NE, according to its Form ADV.

**Is Westchester Capital Management Inc registered with the SEC or a state?**
Westchester Capital Management Inc is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 110961.

**How much does Westchester Capital Management Inc manage?**
Westchester Capital Management Inc reports $691,339,297 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (100% discretionary).

**How have Westchester Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Westchester Capital Management Inc: Regulatory assets under management: $431,736,338 in the October 2021 data and $691,339,297 in the October 2026 data, up 60%. Total employees: 8 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Westchester Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (239); high net worth individuals (210); corporations or other businesses not listed above (11).

**Which custodians does Westchester Capital Management Inc use?**
Westchester Capital Management Inc'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 Westchester Capital Management Inc 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/110961

**Does Westchester Capital Management Inc state an account minimum?**
Its Form ADV Part 2A brochure dated September 23, 2025 says: "We require a minimum account size of $100,000 for our Investment Advisory Services. However, in certain circumstances, we may waive or negotiate our account minimum level."

**What changed in Westchester Capital Management Inc's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $556,302,985 to $691,339,297 (+24%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated September 23, 2025)

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

> We require a minimum account size of $100,000 for our Investment Advisory Services. However, in certain circumstances, we may waive or negotiate our account minimum level.

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: $691,339,297
- Discretionary: $691,339,297
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 239 | $69,980,640 |
| High net worth individuals | 210 | $558,156,800 |
| 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) | 9 | $29,904,135 |
| Charitable organizations | Fewer than 5 | $225,663 |
| 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 | 11 | $33,072,059 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 1986 (39 years)
- Employees: 9 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CO, FL, IA, KS, MO, NE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- westchestercapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $431,736,338 | 8 | September 26, 2021 |
| October 2022 | $427,182,448 | 8 | September 22, 2022 |
| October 2023 | $452,458,376 | 8 | September 21, 2023 |
| October 2024 | $502,744,938 | 9 | September 27, 2024 |
| October 2025 | $502,744,938 | 9 | September 27, 2024 |
| October 2026 | $691,339,297 | 9 | September 25, 2026 |

Regulatory assets under management: $431,736,338 in the October 2021 data and $691,339,297 in the October 2026 data, up 60%.
Total employees: 8 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $556,302,985 to $691,339,297 (+24%).

### December 2025
- Regulatory assets under management went from $502,744,938 to $556,302,985 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Westchester Capital Management Inc (CRD 110961): Form ADV filing data as of October 2026.