{"url":"https://nivawealth.com/firms/capital-wealth-advisors-155263","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/155263","regulatoryAum":126107540,"crd":"155263","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1638504","suffix":null,"lastName":"LAKE","firstName":"DAVID","middleName":"SCOTT"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-08","regulatoryAum":111471089,"clients":220,"employees":2,"offices":1},{"filedOn":"2022-02-15","regulatoryAum":122051175,"clients":217,"employees":2,"offices":1},{"filedOn":"2023-02-16","regulatoryAum":103343701,"clients":208,"employees":2,"offices":1},{"filedOn":"2024-02-16","regulatoryAum":106641597,"clients":202,"employees":2,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":113830906,"clients":193,"employees":2,"offices":1},{"filedOn":"2026-03-25","regulatoryAum":126107540,"clients":185,"employees":2,"offices":1}],"secFileNumber":"801-79379","legalName":"Capital Wealth Advisors, LTD.","displayName":"Capital Wealth Advisors","slug":"capital-wealth-advisors-155263","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Wisconsin corporation","fiscalYearEnd":"December","headquarters":{"street":"1755 W. 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Paradise DR.","city":"West Bend","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"262-306-0066","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Pension consulting services","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":93},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":2,"detail":"Assets Held Away"}],"privateFunds":0},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/155263/PDF/155263.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026052","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Capital Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capital Wealth Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Capital Wealth Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Capital Wealth Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capital Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Capital Wealth Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Capital Wealth Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capital Wealth Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Capital Wealth Advisors?","answer":"Capital Wealth Advisors’ main office is at 1755 W. Paradise DR., West Bend, WI 53095. Its phone number is 262-306-0066.","source":"Form ADV Part 1A, Item 1.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}