Capital Wealth Advisors provides portfolio management for individuals and small businesses and pension consulting. Financial planning was provided to 11–25 clients last fiscal year.
Capital Wealth Advisors reports 185 clients. They include 147 individual clients and 38 high-net-worth individuals. Of its assets, 100.0% ($126M across 522 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 46% |
| High-net-worth individuals | 21% | 54% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 147 | $58.3M | 46.2% | $396K |
| High-net-worth individuals | 38 | $67.8M | 53.8% | $1.79M |
| Total | 185 | $126M | 100% | $682K |
- Clients
- 147
- Regulatory AUM
- $58.3M
- AUM share
- 46.2%
- Avg. per client
- $396K
- Clients
- 38
- Regulatory AUM
- $67.8M
- AUM share
- 53.8%
- Avg. per client
- $1.79M
Total
- Clients
- 185
- Regulatory AUM
- $126M
- AUM share
- 100%
- Avg. per client
- $682K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Capital Wealth Advisors charges up to 2.00% for its Investment management services. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Hourly rate of $250, which may be negotiated, or a fixed fee per project with one-half payable when services begin.
David Lake owns 50% to 75% of Capital Wealth Advisors. The leadership team of Capital Wealth Advisors includes President David Lake and Chief Compliance Officer David Rosenow. It has 2 employees.
Leadership
- David LakePresident
- David RosenowChief Compliance Officer
- Jill LakeTreasurer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 1 state-registered rep
- Owns 50% to 75% of Capital Wealth Advisors, LTD.
David Lake
Control person · since December 2001
- Owns 50% to 75% of Capital Wealth Advisors, LTD.
Jill Lake
Control person · since December 2001
Capital Wealth Advisors’ regulatory assets grew from $111M (February 2021) to $126M (March 2026); clients fell from 220 to 185 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $126M | 185 | 2 | 1 |
| March 2025 | $114M | 193 | 2 | 1 |
| February 2024 | $107M | 202 | 2 | 1 |
| February 2023 | $103M | 208 | 2 | 1 |
| February 2022 | $122M | 217 | 2 | 1 |
| February 2021 | $111M | 220 | 2 | 1 |
Besides its headquarters, Capital Wealth Advisors has 0 offices, with 1 listed address in Wisconsin.
Wisconsin · 1 listed address
- 1755 W. Paradise DR., West BendHQ
Contact and registration details
- Legal name
- Capital Wealth Advisors, LTD.
- Headquarters
- 1755 W. Paradise DR., West Bend, WI 53095
- Website
- Not reported
- Phone
- 262-306-0066
- SEC file
- 801-79379
- Structure
- Wisconsin corporation
- Fiscal year end
- December
Capital Wealth Advisors uses Charles Schwab ($55.3M) as custodian for its separately managed accounts. Capital Wealth Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $55.3M100%
At year end, Capital Wealth Advisors’ separately managed accounts were mostly in stocks (93%).
What the accounts hold
- Stocks93%
- Cash5%
- Other2%
- Assets held away2%
How many clients does Capital Wealth Advisors have?
Capital Wealth Advisors has 185 clients and manages $126 million for them, as of March 2026. They include 147 individual clients and 38 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Capital Wealth Advisors offer?
Capital Wealth Advisors provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Capital Wealth Advisors charge?
Capital Wealth Advisors charges up to 2.00% for its Investment management services. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Source: ADV PART 2, filed 25 March 2026
Which custodians does Capital Wealth Advisors use?
Capital Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $55.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Capital Wealth Advisors have?
Capital Wealth Advisors has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Capital Wealth Advisors invest in?
At the end of its last fiscal year, Capital Wealth Advisors’ separately managed accounts held 93% exchange-traded equities, 5% cash and equivalents and 2% other. The 2% other category is described as: Assets Held Away.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Capital Wealth Advisors?
Capital Wealth Advisors’ direct owners are David Lake (50% to 75%) and Jill Lake (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Capital Wealth Advisors get paid?
Capital Wealth Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Capital Wealth Advisors?
Capital Wealth Advisors’ main office is at 1755 W. Paradise DR., West Bend, WI 53095. Its phone number is 262-306-0066.