Chevy Chase Trust Company is a large advisory firm based in Bethesda. It manages $27.69 billion of regulatory assets for 3,849 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 30 other states.
Chevy Chase Trust Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, educational seminars and workshops, and trustee and investment manager for collective funds. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Chevy Chase Trust Company is $27.69 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4645% since the beginning of its operation, and $39.92 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Chevy Chase Trust Company for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William F (Mi Only) Mcsweeny is pooled investment vehicles with 4 clients and $20.94 billion of assets under management. Among the 9 most similar advisory firms, Chevy Chase Trust Company has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $27.65 billion for 1,069 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Chevy Chase Trust Company doesn't advise any private funds.
The company employs 86 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
William F (Mi Only) Mcsweeny has been acting as President since 1 Nov 1997. William Edward Lauer has served as the Chief Investment Officer since 1 Aug 1999. Patricia Saul Lotuff joined the executive team most recently as the Director.
The principal office where Chevy Chase Trust Company performs its advisory services is located at 7501 Wisconsin Avenue, Bethesda, MD 20814, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 240-497-5000 or by fax 240-497-5011. The normal business hours are 8:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at chevychasetrust.com.