# Zephyr Wealth Management

> Zephyr Wealth Management is an SEC-registered investment advisory firm in Westlake Village, CA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 166303
- Filed as: ZEPHYR WEALTH MANAGEMENT
- Legal name: Zephyr Investment Management, Inc.
- Also doing business as: ZEPHYR WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westlake Village, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166303
- AdvisorCensus page: https://advisorcensus.com/firm/zephyr-wealth-management-westlake-village-ca-166303

## Quick answers

**How is Zephyr Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Zephyr Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Zephyr Wealth Management located?**
Zephyr Wealth Management's principal office is in Westlake Village, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Zephyr Wealth Management registered with the SEC or a state?**
Zephyr Wealth Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 166303.

**How much does Zephyr Wealth Management manage?**
Zephyr Wealth Management reports $242,839,591 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (64% discretionary).

**How have Zephyr Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Zephyr Wealth Management: Regulatory assets under management: $231,930,908 in the October 2021 data and $242,839,591 in the October 2026 data, up 5%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Zephyr Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (174); high net worth individuals (46); pension and profit sharing plans (but not the plan participants or government pension plans) (22).

**Which custodians does Zephyr Wealth Management use?**
Zephyr 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 Zephyr Wealth Management 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/166303

**What changed in Zephyr Wealth Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 2. Regulatory assets under management went from $421,386,448 to $242,839,591 (-42%). Changed its office addresses in Senoia, GA.

## From the Form ADV filing

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

### 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: $242,839,591
- Discretionary: $156,155,261
- Non-discretionary: $86,684,330

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 174 | $72,020,330 |
| High net worth individuals | 46 | $108,966,921 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 22 | $61,852,340 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 6 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Senoia, GA

### Websites listed on Form ADV (Item 1.I)
- [zephyrim.com](https://zephyrim.com)
- [zephyrwm.com](https://zephyrwm.com)
- Facebook @ZephyrInvestmentManagement
- LinkedIn @CHER-MUNOZ-9433954
- X @ZEPHYR_IM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $231,930,908 | 4 | March 24, 2021 |
| October 2022 | $310,080,248 | 3 | March 10, 2022 |
| October 2023 | $294,408,116 | 7 | June 12, 2023 |
| October 2024 | $341,481,024 | 7 | April 18, 2024 |
| October 2025 | $421,386,448 | 8 | April 9, 2025 |
| October 2026 | $242,839,591 | 6 | March 31, 2026 |

Regulatory assets under management: $231,930,908 in the October 2021 data and $242,839,591 in the October 2026 data, up 5%.
Total employees: 4 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 2.
- Regulatory assets under management went from $421,386,448 to $242,839,591 (-42%).
- Changed its office addresses in Senoia, GA.

### January 2026
- No longer registered or notice-filed in KS, NV.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Zephyr Wealth Management (CRD 166303): Form ADV filing data as of October 2026.